Kevin Smith
Journalist
Norway's sovereign wealth fund discloses a $1.22bn stake in SpaceX
Norway's sovereign wealth fund, which manages $2.3tn in assets, held a 0.05% stake in SpaceX as of June 30, a position valued at $1.22bn. The holding, disclosed for the first time in a portfolio update, remains small compared with its largest technology investments. The fund owns an average 1.5% of listed companies worldwide and holds stakes in about 7,100 firms, along with real estate assets and renewable energy projects.
August 12, 2026 at 12:09 pm IST
CoreWeave surges after more than doubling revenue on AI demand
CoreWeave shares gained 16% in after-hours trading after the company posted quarterly results that topped revenue expectations. Q2 revenue at the AI-focused cloud specialist jumped 112% y-o-y to $2.58bn, versus $2.56bn expected. The group remained in the red, however, with a wider net loss of $626m and a loss of $1.14 per share.
August 12, 2026 at 12:09 pm IST
Oracle and Quantinuum combine cloud, AI and quantum computing
Oracle and Quantinuum have signed a multi-year partnership to integrate quantum computing capabilities into Oracle Cloud Infrastructure (OCI). Customers will be able to access Helios, Quantinuum's quantum computer, through OCI's forthcoming quantum service and pair it with Oracle's graphics processors and high-performance computing resources. Financial terms and the precise deployment timeline were not disclosed.
August 12, 2026 at 12:08 pm IST
Wall Street wants to believe
Major US indexes are posting modest gains this Tuesday, as investors once again grow optimistic about the prospects for a deal between the United States and Iran, nearly six months after the conflict began. Against this backdrop, the S&P 500 and the Nasdaq are edging up 0.1% and 0.2%, respectively, while the Dow Jones is nearly flat.
August 11, 2026 at 10:29 pm IST
Uniper: Strong financial health powers H1 results
Uniper shares (+1.94% at EUR44.65) are rising in Frankfurt, supported by robust H1 results that beat expectations, showing greater resilience and strength in the face of external influences. Over the period, the German energy producer posted a sharp jump in operating performance. It generated adjusted EBITDA of EUR711m, up 88% y-o-y.
August 11, 2026 at 06:07 pm IST
Hugo Boss shines in Frankfurt, as Berenberg starts monitoring as a buyer
Hugo Boss is posting one of the biggest gains in Germany's MDAX mid-cap index on the Frankfurt Stock Exchange on Tuesday morning, after Berenberg analysts began to monitor them, attributing 32% upside potential to them.
August 11, 2026 at 06:06 pm IST
Rheinmetall in demand on the DAX, with RBC confident in growth potential
Rheinmetall shares were one of the biggest winners on the DAX on Tuesday on the Frankfurt Stock Exchange, where the defense and security equipment specialist is benefiting from an RBC note in which the Canadian broker initiates coverage with an "outperform" rating.
August 11, 2026 at 06:06 pm IST
Salzgitter confirms turnaround and raises annual targets
Salzgitter has posted encouraging H1 2026 performance, which exceeded expectations. Results were supported by the exceptional contribution from its stake in Aurubis and the clear rebound in its Steel Production, Trading and Technology businesses. The P28 optimization program also provided major support, delivering an additional EUR97m in savings. These factors helped offset the impact of geopolitical strains, particularly those linked to the conflict in the Middle East.
August 11, 2026 at 02:45 pm IST
Barrick Wins Newmont Agreement to List Its North American Assets
Barrick Mining has cleared a major hurdle in its plan to take its North American gold business public, reaching a $1.95bn deal with Newmont. The move comes as the group reported quarterly profit below expectations, weighed on by a sharp rise in costs despite a surge in the gold price.
August 11, 2026 at 02:44 pm IST
Oil climbs and catches up with Wall Street, but software limits the damage
The US markets started the week slightly lower on Monday as rising oil prices and Treasury yields erased part of the relief sparked Friday by the jobs report, while strength in software and cybersecurity helped limit losses. The S&P 500 ended down 0.06% at 7,753.0 points, the Nasdaq 100 fell 0.34% to 29,621.8 points and the Dow Jones slipped 0.11% to 53,976.1 points.
August 11, 2026 at 02:44 pm IST
Legal & General weighed on by a downgrade at UBS
Legal & General Group is down 3% at 302 pence, underperforming the broader London trend (-0.1% for the FTSE 100), weighed on by a UBS downgrade to "sell", which notably highlights a rich valuation and deteriorating PRT margins.
August 11, 2026 at 02:01 pm IST
Australia holds its main interest rate at 4.35% as high inflation persists
The Reserve Bank of Australia (RBA) left its policy rate unchanged at 4.35% for a second straight meeting, after three increases since the start of the year. It says policy is now restrictive, although it is not ruling out further hikes if inflation pressures persist. The decision was in line with expectations.
August 11, 2026 at 01:20 pm IST
Rush for robot maker Unitree on the Shanghai Stock Exchange
Chinese robot maker Unitree priced its IPO at 150.8 yuan per share, a 6.1 billion yuan ($904m) deal that would make it mainland China's first listed humanoid-robot maker. Retail investors subscribed 8,000 times the number of shares on offer.
August 11, 2026 at 12:08 pm IST
After electric cars, China kicks off the battle for humanoid robots
After upending the electric auto industry, China is now looking to follow the same trajectory in humanoid robotics. According to Morgan Stanley Investment Management, the country shipped about 13,000 humanoids in 2025, more than 90% of global output, and could more than double deliveries in 2026. A significant share of the machines is still destined for demonstrations, research or trials, but their gradual integration into factories is starting to take on an industrial scale.
August 11, 2026 at 01:26 am IST
Nvidia and Wall Street prepare $500bn financing plan for AI
Nvidia is working with several major financial players to create a vehicle of up to $500bn to fund the buildout of artificial intelligence infrastructure. The effort brings together Apollo Global, Blackstone, BlackRock's Global Infrastructure Partners, Brookfield Asset Management, Goldman Sachs and KKR, amongst others. Nvidia shares are down over 2% today.
August 11, 2026 at 01:13 am IST
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