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Nebius Group hits record high as $17.4 billion Microsoft deal affirms expansion strategy
By Kritika LambaSept 9 (Reuters) - Nebius Group's NBIS.O shares jumped nearly 44% to $91.75 on Tuesday, touching a record high as investors cheered its $17.4-billion deal supplying AI infrastructure to Microsoft MSFT.O over a five-year period.The agreement, which could expand to $19.4 billion if...Reuters
3 hours ago
Is France the New Italy? Bond Market Selloff Sends Yield Above Greece’s, Fueling Crisis Talk
TradingKey - Five prime ministers in two years, three in one year — this is the current state of French politics. Political uncertainty is undermining the government’s ability to manage its debt burden, pushing the benchmark 10-year French government bond yield above that of Greece and close to
TradingKey
6 hours ago
Wall St set for subdued open in run-up to employment revision figures
Sept 9 (Reuters) - Wall Street futures pointed to a slightly higher open on Tuesday, a day after major U.S. indexes closed near record peaks, as investors remained cautious ahead of an impending employment rate revision.Reuters
6 hours ago
Stocks and dollar steady as traders eye key payrolls benchmark revision
SINGAPORE/LONDON, Sept 9 (Reuters) - Global stocks and the dollar steadied on Tuesday ahead of a key revision to U.S. payrolls numbers that could help shape investor thinking about the likely course of Federal Reserve policy, while gold hit a new record high.Reuters
7 hours ago
HSBC sees gradual unwinding of OPEC+ voluntary cuts over next year
Sept 9 (Reuters) - HSBC's latest oil market supply and demand model envisions OPEC+ gradually unwinding 1.65 million barrels per day in "first-phase" voluntary production cuts over a 12-month period, the bank said in a note on Tuesday.Reuters
8 hours ago
Eli Lilly launches platform for AI-enabled drug discovery
Sept 9 (Reuters) - Drugmaker Eli Lilly LLY.N said on Tuesday it is launching an artificial intelligence and machine learning platform that provides biotech companies access to drug discovery models trained on years of Lilly's research data.Reuters
8 hours ago
Shenzhen Becomes the 3rd City to Lift Housing Restrictions; Country Garden Soars 30%, Hong Kong Property Stocks Surge
TradingKey - On Tuesday, September 9, Hong Kong property stocks saw a significant rally, with the Hang Seng Mainland Properties Index (HSMPI.HK) closing up nearly 2.91%, marking its 3rd consecutive day of gains since September 5.TradingKey
9 hours ago
Goldman & Apollo Poke the AI Bubble: AI Adoption Rate May Have Peaked, Following MIT’s “Zero Return” Report
TradingKey - As markets still grapple with the fallout from a late-August MIT report that dented tech stocks, the AI bubble narrative appears to be gaining fresh support — this time from two major institutional reports: Goldman Sachs points to slowing AI adoption growth, while Apollo finds that AI
TradingKey
11 hours ago
France's Macron seeks new prime minister after government's collapse
PARIS, Sept 9 (Reuters) - French President Emmanuel Macron is seeking his fifth prime minister in less than two years after opposition parties united to kick out centre-right Prime Minister Francois Bayrou over his unpopular plans for budget tightening.Reuters
11 hours ago
Microsoft Lands Major Deal — Nebius Secures $17.4 Billion Compute Contract, Shares Surge 60%
TradingKey - On Monday (U.S. Eastern Time), Nebius (NBIS.US) announced a strategic agreement with Microsoft valued at up to $19.4 billion. Following the announcement, Nebius shares surged over 60% in after-hours trading.
TradingKey
12 hours ago
Nikkei 225 Rockets to All-Time High of 44,000, Fueled by 7% Tech Stock Rally; 46,000 Next?
TradingKey - On September 9, the Nikkei 225 Index achieved a historic breakthrough during early trading, surpassing the 44,000-point mark for the first time, with an intraday high of 44,185.73 points — setting a new record high and gaining over 1.2% at one point.TradingKey
12 hours ago
BitMine In, Robinhood Out: What’s Driving Cathie Wood’s Latest Bets at ARK Invest?
TradingKey - According to newly released filings from Ark Invest, the firm managed by tech bull Cathie Wood, it bought millions of dollars’ worth of shares in BitMine Immersion — an Ethereum treasury company — on Monday, while simultaneously selling shares of Robinhood, which was recently announced
TradingKey
12 hours ago
