Gold sinks to over six-month low; silver slips amid West Asia tensions
Gold prices hit six month lows as West Asia tensions lift oil, stoke inflation fears and raise bets on higher for longer US interest rates.
Uncategorized
A veteran short-seller calls SpaceX a ‘hopes-and-dreams’ IPO; Here’s how he justified it
The SpaceX listing has attracted intense investor interest and is expected to be among the largest public offerings in history. However, Chanos argued that much of the valuation is based on ambitious future opportunities rather than existing businesses.
US Market Crash: Dow falls 950 points, futures extend sell-off – Key reasons explained
Another reason behind the soured sentiments has been the extended sell-off in the chip / memory / AI-linked stocks. From its intraday high of June 3, the S&P 500 is already down over 5%. For the Nasdaq, which made a…
Oracle Corp shares tank 10% afterhours despite earnings beat; Here’s why
In its earnings statement, Oracle said that it now foresees raising $40 billion through debt and equity financing this year, double of the $20 billion it had earlier projected.
Gold extends pullback as Trump threatens more strikes on Iran
Spot bullion was down more than 3% after the latest comments by Trump, who has vacillated from threats of intensified attacks to touting that a deal is within reach since almost the start of the conflict.
Amazon inks $17.5 billion loan as AI borrowing frenzy grows
The tech giant agreed to a $17.5 billion delayed-draw term loan with banks including Citigroup Inc., according to a filing on Wednesday (June 10).
Super Micro tumbles 19% after unveiling $7 billion equity raise to fund AI server expansion
Super Micro is tapping capital markets to finance a growing AI server business backed by nearly $39 billion in orders. While analysts see the fundraising supporting long-term revenue growth, investors reacted negatively to the prospect of significant shareholder dilution.
Pimco warns a wave of defaults is coming for low-quality borrowers
Pimco, which manages $2.3 trillion in assets, said the AI buildout could widen the range of economic outcomes over the next five years while leaving weaker and more heavily leveraged borrowers exposed.
Trump hails Citigroup as top M&A adviser, but rankings tell a different story
President Donald Trump’s unexpected endorsement of Citigroup CEO Jane Fraser put the bank’s dealmaking business in the spotlight, even as industry league tables showed the lender trailing several rivals in overall M&A advisory rankings. The remarks underscore the growing attention…
UltraTech Cement buys stake in renewable energy firm to cut power costs
UltraTech Cement Ltd has entered into an Energy Supply Agreement and a Share Subscription and Shareholders Agreement to acquire a 13.99% equity stake in FPEL Services Pvt. Ltd., a company engaged in the generation and transmission of renewable energy through…