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NEW YORK – Wall Street edged higher and crude prices advanced on Thursday as investors weighed new trade talks between U.S. President Donald Trump and Chinese President Xi Jinping against a spate of downbeat economic data ahead of Friday’s crucial jobs report. In choppy trading, the S&P 500 and the Nasdaq were last modestly lower…
LONDON, May 19 (Reuters) – Central bank body the Bank for International Settlements has flagged a possible scramble for dollars could be triggered if whipsawed investors begin to unwind positions in the $113 trillion FX swap market amid U.S. volatility. The BIS recently estimated that funds and other non-bank financial firms had more than $80…
(Bloomberg) — Shell Plc is working with advisers to evaluate a potential acquisition of BP Plc, though it’s waiting for further stock and oil price declines before deciding whether to pursue a bid, according to people familiar with the matter. Also Read | ‘Alternative energy sources to gain prominence amid rise in protectionism’ The oil…
Yet amid the selloff, contrarian investors are spotting opportunities. There are plenty of reasons for optimism. Global IT spending is projected to rise 9.3% in 2025, driven by double-digit growth in software and data center segments, according to Deloitte. The rapid adoption of artificial intelligence (AI) technologies across industries is further boosting demand for cloud…