Business - Page 8

S&P 500, Nasdaq and Dow All Close at Record Highs as Iran Peace Hopes and Palantir Earnings Fuel Rally Business

S&P 500, Nasdaq and Dow All Close at Record Highs as Iran Peace Hopes and Palantir Earnings Fuel Rally

All three major U.S. stock indexes closed at record highs on May 6, driven by optimism over a potential Iran peace deal and a blockbuster earnings report from Palantir, which saw revenue surge 85 percent.

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Cerebras IPO Valued at $26.6B as AI Infrastructure Spending Surges Business

Cerebras IPO Valued at $26.6B as AI Infrastructure Spending Surges

Cerebras Systems prepares for a landmark IPO while Fleet Data Centers and climate-tech startups secure billions in fresh capital, signaling a decisive shift toward AI infrastructure investment.

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Dow Drops 557 Points as Oil Soars Past $114 Brent; AMD Earnings in Focus Business

Dow Drops 557 Points as Oil Soars Past $114 Brent; AMD Earnings in Focus

Wall Street suffers broad sell-off as crude oil prices spike following a fire at a major UAE oil hub, while investors await AMD quarterly results expected to show 34% earnings growth.

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Nasdaq Surpasses 25,000 for First Time as S&P 500 Hits Record, Roblox Crashes 24%, Huawei AI Chips Surge Business

Nasdaq Surpasses 25,000 for First Time as S&P 500 Hits Record, Roblox Crashes 24%, Huawei AI Chips Surge

The Nasdaq closed above 25,000 for the first time while the S&P 500 set a fresh record, as Roblox plunged on a bookings guidance cut and Huawei projected surging AI chip revenue.

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Magnificent Seven Earnings Arrive as AI Spending Hits 600 Billion Dollars in 2026 Business

Magnificent Seven Earnings Arrive as AI Spending Hits 600 Billion Dollars in 2026

Alphabet, Amazon, Microsoft, and the social media giant report earnings as Wall Street demands proof that 600 billion dollars in AI spending will generate real returns.

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S&P 500 and Nasdaq Hit Record Highs as Goldman Sachs Raises Oil Forecast to $90 Business

S&P 500 and Nasdaq Hit Record Highs as Goldman Sachs Raises Oil Forecast to $90

The S&P 500 and Nasdaq both closed at record highs as Goldman Sachs raised its Brent crude oil forecast to $90 per barrel, citing persistent Persian Gulf disruptions amid stalled Iran peace talks.

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Ticketmaster and Live Nation Found Guilty of Operating Illegal Monopoly by Federal Jury Business

Ticketmaster and Live Nation Found Guilty of Operating Illegal Monopoly by Federal Jury

A federal jury in Manhattan has ruled that Live Nation and its subsidiary Ticketmaster operated as an illegal monopoly, overcharging consumers across 21 states and the District of Columbia.

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Oracle Shares Surge 12% Leading Software Bounce as Intel Rides Historic 9-Day Winning Streak Up 58% Business

Oracle Shares Surge 12% Leading Software Bounce as Intel Rides Historic 9-Day Winning Streak Up 58%

Oracle jumped 12% spearheading a broad software stock recovery while Intel extended its record-breaking nine-day rally to 58%, marking the biggest winning streak in the chipmaker's history.

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Global Markets Surge as Oil Plunges 16% Following US-Iran Ceasefire Deal Business

Global Markets Surge as Oil Plunges 16% Following US-Iran Ceasefire Deal

A two-week ceasefire between the United States and Iran triggered a massive relief rally across global markets, with oil prices crashing more than 16 percent and stock futures soaring worldwide.

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March Changed Everything for the US Economy as Markets Post Five Straight Weekly Declines Business

March Changed Everything for the US Economy as Markets Post Five Straight Weekly Declines

Wall Street suffers its worst losing streak since the Middle East conflict began, with surging oil prices and rising inflation expectations fueling stagflation fears across global markets.

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SoftBank Secures Record $40 Billion Bridge Loan, Signaling OpenAI IPO This Year Business

SoftBank Secures Record $40 Billion Bridge Loan, Signaling OpenAI IPO This Year

SoftBank has obtained the largest unsecured bridge loan in history to fund its massive stake in OpenAI, with lenders betting on a blockbuster IPO later in 2026.

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Abbott Laboratories Closes $21 Billion Acquisition of Exact Sciences Business

Abbott Laboratories Closes $21 Billion Acquisition of Exact Sciences

Abbott Laboratories has officially completed its landmark $21 billion acquisition of Exact Sciences, positioning the healthcare giant as a dominant force in the rapidly growing cancer diagnostics market.

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