Shares of German software company SAP fell sharply on Thursday after the company reported weaker-than-expected growth in its cloud contract backlog for the fourth quarter, unsettling investors and triggering its steepest one-day decline in more than four years. The stock dropped as much as 16% during the session, marking its largest daily fall since October 2020, when the company suffered a sharp sell-off following disappointing quarterly results. By the close of trading, SAP shares were at t

Gold has once again proven its reputation as a safe-haven asset, reaching new lifetime highs amid rising geopolitical tensions, a weakening US dollar, and growing concerns over global economic stability. On Friday, the price of gold on the MCX touched Rs 1,56,521, continuing its bullish momentum. This surge in gold prices has piqued the interest of investors, pushing them away from traditional financial assets like bonds and major currencies towards the metal. As geopolitical risks, such as t

Global financial markets moved sharply lower Tuesday as renewed political tensions between the United States and Europe triggered a broad sell America trade, prompting investors to reduce exposure to U.S. assets. The shift came after President Donald Trump escalated rhetoric surrounding Greenland and proposed new tariffs targeting several European countries, reviving fears of a widening trade conflict and long-term economic fallout. U.S. bond prices fell steeply, pushing Treasury yi

The opening weeks of 2026 have delivered a series of dramatic geopolitical developments tied to the United States, ranging from the capture of Venezuela’s president to sharp rhetoric surrounding Iran’s handling of domestic unrest and renewed discussion of using force to secure Greenland. Yet, in contrast to the gravity of these headlines, global equity markets have continued to post steady gains, raising questions about why investors appear largely unfazed by rising international tensions

plunging close to one percent amid rising global uncertainty and mounting trade-related concerns. The S&P BSE Sensex fell by more than 700 points during afternoon trade to hover around the 84,300 mark, while the NSE Nifty50 slipped over 225 points to trade near 25,915. Weak sentiment spread across sectors, dragging frontline stocks as well as the broader market lower, reflecting heightened investor caution. Market participants attributed the decline to a combination of weak glob

German lawmakers are widely expected to approve a defense procurement package exceeding 50 billion euros on Wednesday, marking one of the most significant military spending decisions in the country’s post-war history. The move reflects a broader shift in Germany’s security policy as the government seeks to strengthen national and allied defense capabilities following Russia’s invasion of Ukraine. Agenda documents for the Bundestag’s Budget Committee indicate that members are

U.S. crude oil prices fell to their lowest level since May on Tuesday, deepening a prolonged downturn that has put the market on track for its weakest annual performance in seven years. The decline reflects growing concerns over a looming supply surplus and shifting expectations around geopolitical risks, particularly the possibility of a peace agreement between Ukraine and Russia. West Texas Intermediate crude briefly dropped to $55.69 per barrel, while global benchmark Brent crude

Paramount Skydance has escalated its long-running pursuit of Warner Bros. Discovery by launching a hostile takeover bid valued at $30 per share, moving directly to shareholders after earlier attempts failed to gain traction. The all-cash offer matches the proposal that Warner Bros. Discovery declined last week and places the company’s enterprise value at approximately $108.4 billion. Paramount’s decision to bypass company leadership signals its determination to remain a central contender

India’s economy recorded a faster pace of expansion in the July–September quarter, with official data showing that gross domestic product rose 8.2% year-on-year. The acceleration reflects a combination of stronger consumer demand, a revival in manufacturing activity, and accelerated production schedules ahead of India’s major festive season. Economists had widely expected the quarter to deliver robust growth, but the latest figure surpassed the projected 7.3% expansion for the period, e

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Eli Lilly reached a historic milestone on Friday when it briefly surpassed a $1 trillion market capitalization, becoming the first health-care company in the world to enter a territory long dominated by technology giants. The company’s stock hovered near $1,048 per share during morning trading, touching the trillion-dollar threshold before pulling back slightly. It is only the second nontechnology business in the United States to reach this valuation, following Berkshire Hathaway’s climb

Warren Buffett has long admitted that one of his biggest investing oversights was failing to buy shares of Google in its early years. Two decades later, that regret has turned into action. Berkshire Hathaway has disclosed a new position in Alphabet Inc valued at approximately 4.3 billion US dollars, marking one of the most notable shifts in the firm’s long-standing investment philosophy. The announcement immediately boosted market sentiment around Alphabet, with shares rising after the fili

Elon Musk pushed back Wednesday against reports that his artificial intelligence company xAI had raised $15 billion in new capital, calling the claim false shortly after sources familiar with the matter indicated the funding round had closed. The initial reports suggested that investors had added $5 billion to an earlier $10 billion round disclosed in September, which placed the company’s valuation at roughly $200 billion. According to individuals close to the fundraising efforts, much of t

​Anthropic announced plans on Wednesday to invest $50 billion in a large-scale U.S. artificial intelligence infrastructure initiative, beginning with new data center projects in Texas and New York. The company said the facilities will serve as core components of its long-term strategy to accelerate research and support enterprise clients across industries that depend on high-performance AI systems. The data centers will be developed in collaboration with Fluidstack, an AI cloud platfo

The Dow Jones Industrial Average surged to another record close on Tuesday, buoyed by a series of strong corporate earnings reports that reinforced investor optimism about the resilience of major U.S. companies. Gains from household names such as Coca-Cola, 3M, and General Motors helped the blue-chip index climb even as technology shares lagged, reflecting a rotation from growth stocks into more traditional sectors. The 30-stock Dow rose 218.16 points, or 0.47%, to finish at 46,924.

Asia-Pacific markets retreated on Wednesday, following overnight declines on Wall Street after comments from U.S. Federal Reserve Chair Jerome Powell unsettled investors. Powell noted that equity prices appeared to be “fairly highly valued” and cautioned that the rate-cutting outlook remained unclear, adding that the central bank faces a “challenging situation” as it navigates inflationary pressures and economic growth concerns. In Australia, the S&P/ASX

Tesla’s stock price surged by more than 3% on Monday, closing at $410.26 per share, after it was revealed that CEO Elon Musk had purchased more than 2.5 million shares in the company. The acquisition, valued at around $1 billion, was disclosed in a regulatory filing and took place in several tranches at varying prices on Friday. The move immediately triggered optimism among investors and added significant momentum to Tesla’s already robust performance in recent months. T

Asia-Pacific markets moved lower on Wednesday as investors reacted to disappointing trade data from Japan and awaited China’s loan prime rate decision. The trend followed overnight losses in the United States, where a broad decline in technology stocks put pressure on indices. The movement across regional exchanges highlighted a cautious mood among global investors balancing weak export demand in Japan with uncertainty around Chinese policy actions.

A new housing project in Cupertino could soon reshape a familiar corner of the city by replacing the long-standing Bandley Center with a residential community. San Ramon-based SummerHill Homes has submitted a preliminary application for the development of 27 townhomes on a 1.55-acre site located at 10268 Bandley Drive. The three-story townhomes would bring a mix of modern residences to Cupertino, with plans including five moderately affordable units and 59 parking spaces. Most of the parking wou

Asia-Pacific markets on Tuesday opened on a cautious note, largely mirroring the overnight declines seen on Wall Street as investors turned their attention toward the upcoming United States Federal Reserve meeting. The Fed gathering is expected to provide more clarity on the central bank’s stance on interest rates and inflation, which has been a driving factor for global equity markets over the past months. Alongside monetary policy concerns, global inves