U.S. stocks retreated from record highs as concerns over the AI boom and OpenAI’s performance weighed on tech shares. Investors are anticipating quarterly results from major AI firms, while the Federal Reserve’s stance on inflation amid soaring crude prices remains a key focus.Read More
The U.S. Department of Commerce has ordered chip equipment firms to halt tool shipments to China’s Hua Hong, aiming to slow its advanced chip development. This action targets facilities believed to be producing sophisticated chips, including those for AI, impacting major U.S. suppliers like Lam Research and Applied Materials.Read More
Barrick Mining named Wessel Hamman as chief financial officer of the new company that will hold its North American assets after its IPO, adding on Tuesday that Tim Cribb will serve as chief operating officer.Read More
Rare Earths Americas kicked off the roadshow for its U.S. initial public offering on Tuesday, aiming for a valuation of up to $368.4 million, as investor interest surges in critical minerals used in products from electric vehicles to iPhones.Read More
Bandhan Bank reported a strong quarterly profit jump driven by lower provisions and improved asset quality. Gross NPAs declined significantly, margins improved, and loan growth remained steady, while the bank also strengthened its secured lending portfolio and deposit base.Read More
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