Kevin Smith
Journalist
Wall Street up ahead of Memorial Day, buoyed by earnings and easing crude prices
US markets advanced on Friday, ahead of the Memorial Day long weekend, supported by a decline in bond yields, corporate earnings that were welcomed and some signs of progress in discussions between Washington and Tehran. The S&P 500 rose 0.37% to 7,473.5 points, the Nasdaq 100 increased 0.42% to 29,481.6 points, while the Dow Jones rose 0.58% to 50,579.7 points. Finally, the Russell 2000 climbed 0.73% to 2,864.4 points.
May 24, 2026 at 12:11 am IST
Kevin Warsh takes charge of the Fed under pressure from Trump and the markets
Kevin Warsh was sworn in on Friday as the new Chair of the US Federal Reserve during a ceremony held at the White House in the presence of Donald Trump. The former Fed Governor, who previously served from 2006 to 2011, succeeds Jerome Powell. Powell, who led the institution for eight years, remains a member of the Board of Governors, which is rare in the central bank's history.
May 23, 2026 at 12:40 am IST
Goldman Sachs reiterates Buy rating on Eli Lilly
Goldman Sachs has reacted to Eli Lilly's (+1.68% at $1,059.18) release of preliminary results from its Phase III study evaluating the efficacy and safety of Retatrutide in adults who are obese or overweight with at least one weight-related comorbidity.
May 22, 2026 at 10:11 pm IST
SpaceX, OpenAI…: How Does an IPO Actually Work?
It is often described as a coronation, or even an apotheosis. When SpaceX and OpenAI make their stockmarket debuts - reportedly in June for the former and by the year-end for the latter - the media will cover the event like a manned mission to Mars (which, incidentally could happen…). There will be dizzying figures, breathtaking promises, and analysts chomping at everything. Yet, many will be watching without fully grasping what is actually happening. It is therefore worth getting prepared.
May 22, 2026 at 06:50 pm IST
Spotify leverages musical AI as a monetization engine with Universal
Following a challenging year on the markets, Spotify shares surged 13% on Wall Street after unveiling a generative AI partnership with Universal Music Group, alongside long-term financial targets that resonated well with investors. Despite this sharp rebound, the stock remains approximately 37% below its June 2025 record high, underscoring the ongoing need to demonstrate the sustainability of its growth and profitability.
May 22, 2026 at 02:58 am IST
The Great Comeback of Emerging Markets?
Driven by artificial intelligence, the MSCI Emerging Markets index has been significantly outperforming Wall Street since the start of the year. However, behind this rally lies a more nuanced reality: the index is highly concentrated and dependent on a few Asian semiconductor giants.
May 21, 2026 at 01:53 pm IST
MSCI EMERGING MARKETS 
Intuit Plunges After Quarter Overshadowed by Layoffs
Intuit shares dropped about 10% in after-hours trading on Wall Street yesterday, despite posting quarterly results that beat expectations. The maker of TurboTax, Credit Karma, QuickBooks and Mailchimp confirmed reports earlier in the session by Reuters, announcing a 17% reduction in its full-time workforce. The group expects restructuring costs of between $300m and $340m, which are primarily slated to be recognized in the fiscal Q4 ending in late July.
May 21, 2026 at 10:41 am IST
NextEra and Dominion embark on the largest M&A deal since the dot-com bubble
Mega-deals have historically followed in the wake of major phases of financial euphoria. Does the combination of NextEra Energy and Dominion - the fourth-largest M&A deal in history in terms of enterprise value - follow this same logic?
May 20, 2026 at 12:12 pm IST
Google places Gemini central to its growth strategy
By using its I/O 2026 conference as a showcase for its AI strategy, Google primarily sought to reassure investors of artificial intelligence's ability to strengthen its legacy ecosystem rather than replace it. Sundar Pichai said that the group's services now process over 3.2 quadrillion tokens per month, up from approximately 480 trillion a year earlier, providing a concrete measure of its models' adoption.
May 20, 2026 at 01:44 am IST
Banijay continues its impressive ascent
Under the leadership of media entrepreneur Stéphane Courbit, and still backed by controversial billionaire Vincent Bolloré, France's Rupert Murdoch, luxury hospitality group Société des Bains de Mer de Monaco, and finance magnate Marc Ladreit de Lacharrière - a shareholder concert that alone controls four-fifths of the capital - the entertainment group continues its seemingly unstoppable rise.
May 19, 2026 at 06:39 pm IST
Dell accelerates in enterprise AI with 1,000 new clients for its AI Factory portfolio
With over 5,000 customers now recorded for its AI Factory range - up 1,000 over the last quarter - Dell Technologies is confirming the robust demand for enterprise artificial intelligence infrastructure. The group is benefiting from a market driven by large corporations, regulated sectors and sovereign entities seeking to deploy new AI workloads, while maintaining control over their data, costs, and security.
May 19, 2026 at 12:54 pm IST
Semiconductors weigh on Wall Street ahead of Nvidia earnings
US markets ended Monday on a mixed note, dragged down by a second consecutive decline in semiconductor and mega-cap tech stocks, despite broader resilience across the rest of the tape. The S&P 500 slipped 0.07% to 7,403.1 points, the Nasdaq 100 shed 0.45% to 28,994.4 points, while the Dow Jones rose 0.32% to 49,686.1 points.
May 19, 2026 at 10:27 am IST
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