https://www.gurutrade.com/news/business/rss/ Here you can find reliable and fresh news from the world of business and get acquainted with the experts opinions. Sat, 03 Oct 2026 05:57:49 +0300 50 en https://www.gurutrade.com/news/nuveen-buys-schroders-creating-2-6t-investment-group-1790955785.html Oct 1 Reuters U.S. asset manager Nuveen said on Thursday it had completed its acquisition of British fund manager Schroders, creating a combined company with over 2.6 trillion in assets under management and a presence across more than 40 markets. Schroders will continue to operate separately within Nuveen for the next 12 to 18 months, led by Group Chief Executive Richard Oldfield, who will report to Nuveen CEO William Huffman. A closely watched 39;core39; figure, which excludes volatile food and fuel prices and signals underlying trends, accelerated to 2.5 from 2.4, on a pickup in services prices, data from Eurostat, the EU39;s statistics agency, showed on Friday. Rising fuel costs are putting pressure on European governments to support households and businesses, and in some countries such as France have already triggered street protests, potentially stretching already precarious public finances. While subsidies have been minor so far, totalling around 0.1 of the bloc39;s GDP, they are less targeted and temporary than hoped, suggesting more lasting budget pain. For the ECB, the figures are likely to be seen as a mixed bag. The rise in headline inflation further above its 2 target is worrisome and will bolster calls for rate hikes on top of the two moves this summer. WILL ECB MAINTAIN ITS 39;MEASURED39; POLICY RESPONSE? However, the muted increase in core figures indicates that high energy costs have yet to generate the sort of secondround impacts that could set... https://www.gurutrade.com/news/nuveen-buys-schroders-creating-2-6t-investment-group-1790955785.html Fri, 02 Oct 2026 01:50:49 +0300 https://www.gurutrade.com/news/gm-hangs-on-to-us-sales-crown-but-toyota-closes-in-1790930934.html Reuters General Motors remained the top US auto seller during the third quarter despite a dip in sales, but Toyota Motor continued chipping away at its lead as high gasoline prices pushed buyers toward hybrids. GM, Ford Motor and Stellantis also called the Detroit Three could see their combined market share dip to around 36 in the quarter, according to industry research firm Cox Automotive, while hybridheavy Asian brands including Toyota and Honda are expected to account for more than half of new vehicle sales in the period. Hybrids have emerged as a top choice for consumers as the Iran war sends oil and fuel prices soaring, with regular gasoline prices hitting a national average of 4.43 a gallon in September, according to AAA, compared with 3.20 a year earlier. Analysts expect Toyota Motor Corporation, with models such as the popular Corolla hybrid, to benefit the most from the shift. While Toyota39;s overall sales rose marginally to 633,223 units in the third quarter, sales of the Corolla hybrid jumped nearly 36 from a year earlier to 13,003 units. Cox also expects Hyundai Motor Group to surpass Ford in quarterly US sales for the first time, forecasting thirdquarter sales of 511,421 vehicles for Hyundai, compared with 504,172 for Ford. Ford is set to report quarterly sales on Friday. AFFORDABILITY PRESSURES CONTINUE While borrowing costs have declined, this has done little to ease affordability pressures as higher new vehicle prices and lower tradein values... https://www.gurutrade.com/news/gm-hangs-on-to-us-sales-crown-but-toyota-closes-in-1790930934.html Fri, 02 Oct 2026 07:40:14 +0300 https://www.gurutrade.com/news/mccormick-price-hikes-boost-results-despite-slow-demand-1790926494.html McCormick tops Wall Street estimates for Q3 profit, sales Spice maker39;s sales growth all from price increases Cyclospora outbreak hampered US consumer demand, co says McCormick shares dive to near 10year lows Reuters McCormick reported higher quarterly sales and profit on Thursday, as pricier seasonings and sauces helped cushion the blow from weaker consumer demand due to elevated gas prices and a cyclospora outbreak that dented volumes. McCormick, like other branded food companies, has come under pressure from elevated costs and financially stretched consumers trading down to cheaper private label goods. Its shares, which have fallen around 32 this year, slumped around 3 to their lowest mark since December 2016 in a volatile session. The Cholula hot sauce maker and competitors such as Conagra Brands and General Mills have leaned on price hikes to shield margins as they counter challenges from uncertainty over US tariffs and surging input costs tied to the Middle East conflict. In the US, higher gas prices and the cyclospora outbreak have added pressure and contributed to softer traffic across foodservice and grocery channels, CEO Brendan Foley said in prepared remarks. Cyclospora is a foodborne parasite that has sickened thousands of Americans this summer. McCormick said the outbreak had mainly impacted fastfood restaurants. For the quarter ended August 31, McCormick39;s prices were up 2.2 from a year ago, while organic volumes dipped 0.3. Its volumes fell... https://www.gurutrade.com/news/mccormick-price-hikes-boost-results-despite-slow-demand-1790926494.html Fri, 02 Oct 2026 07:30:54 +0300 https://www.gurutrade.com/news/ai-adoption-stalls-as-firms-struggle-to-scale-study-shows-1790853522.html Oct 1 Reuters Only 13 of companies were on track with their AI initiatives, as regulatory hurdles and integration with legacy IT systems slowed largescale adoption, a BearingPoint study found. Nearly threequarters of companies surveyed reported positive financial results from AI but less than a third could move beyond pilot projects, the consultancy firm said on Thursday. AI has crossed an important threshold, said BearingPoint expert Frederic Gigant, and added that proving value and scaling it were two different things About 40 of respondents cited legal regulations as the main barrier to scaling AI, while 34 pointed to challenges integrating the new technology into existing IT systems Around 24 of companies reported AIdriven cost savings of at least 10, compared with just 4 reporting revenue growth of the same scale Nearly twothirds of companies estimated excess staffing levels of at least 10 China and the US lead AI adoption, with 20 and 18 of companies reporting comprehensive implementation, versus 8 in Germany The share of companies with AI deeply integrated into operations rose to 11 in 2026 from 7 in 2025 Reporting by Hakan Ersen, writing by Anastasiia Kozlova; Editing by Joyjeet Das Source Reuters https://www.gurutrade.com/news/ai-adoption-stalls-as-firms-struggle-to-scale-study-shows-1790853522.html Thu, 01 Oct 2026 01:10:10 +0300 https://www.gurutrade.com/news/huawei-unveils-mate-90-series-leaning-on-homegrown-chips-1790852983.html Huawei exec says company still faces constraints in supply of advanced chips Latest phones run on Huawei39;s homegrown, Androidfree HarmonyOS 7 operating system Launch expected to test whether Huawei can keep advancing its smartphone lineup BEIJING, Oct 1 Reuters Huawei Technologies RICRICHWT.UL unveiled its Mate 90 smartphone series on Thursday, betting on its inhouse operating system and redesigned chip architecture to boost its performance in the face of US curbs on shipments of advanced semiconductors. Speaking to reporters on Tuesday ahead of the launch, Huawei consumer business chief Richard Yu said the company still faces constraints in the supply of advanced chips. Advanced semiconductor capacity remains very limited in China, and Huawei39;s Ascend AI chips also draw on that same capacity, Yu said. The capacity for smartphone chips remains tight, even though rising smartphone prices have curbed shipment volumes for handsets. The launch will test whether Huawei can keep advancing its smartphone lineup despite US restrictions that have limited its access to cuttingedge chipmaking tools, forcing the company to develop alternative ways to boost processor performance. The Mate 90 series succeeds the Mate 80 line launched in November 2025. Premium models, including the Mate 90 Pro Max, are powered by Huawei39;s Kirin 9050 Pro, a systemonchip built with a technique Huawei calls LogicFolding. The method restructures a chip39;s internal wiring in three... https://www.gurutrade.com/news/huawei-unveils-mate-90-series-leaning-on-homegrown-chips-1790852983.html Thu, 01 Oct 2026 07:50:50 +0300 https://www.gurutrade.com/news/bmw-bets-on-cuts-new-models-and-ai-to-revive-its-fortunes-1790843366.html Midterm margin goal 35, longterm 810 by early next decade BMW plans highend SUV for US market, entrylevel EV for Europe Restructuring continues with 20 reduction of divisions and management roles MUNICH, Sept 30 Reuters BMW set out a restructuring plan on Wednesday centred on AI, management cuts and two new model launches as the German luxury automaker seeks to restore investor confidence after a string of profit warnings and a deep slump in its share price. As Europe39;s car industry struggles with weak demand, Chinese competition and US tariffs, BMW39;s reputation for stability took a hit in June when it issued its third profit warning linked to weak performance in China in just over three years. The company responded with a redundancy programme expected to affect about 8,000 jobs in Germany, joining rivals Volkswagen and MercedesBenz in cutting costs. BMW, whose shares have fallen more than a third over the past year to their lowest level in more than six years, unveiled the recovery plan during a twoday investor event at its Gut Schwaerzenbach retreat in Bavaria and at its Munich headquarters. It set a mediumterm target for margins in its core automotive business of 3 to 5 by 2028. By the early 2030s, BMW aims to return to a margin range of 8 to 10, up from 2.3 in its latest results. By mid2027, the group aims to cut divisions and associated management roles by a fifth. AI will play a central role in efforts to streamline the company and speed up... https://www.gurutrade.com/news/bmw-bets-on-cuts-new-models-and-ai-to-revive-its-fortunes-1790843366.html Thu, 01 Oct 2026 07:30:34 +0300 https://www.gurutrade.com/news/sec-unveils-new-retail-investor-proposals-for-private-assets-1790789811.html SEC proposes broader access to private assets for accredited investors Proposals include changes to performance fees and increased closedend fund liquidity Critics say effort would help Wall Street at the expense of retail investors WASHINGTON, Sept 30 Reuters The US securities regulator proposed new regulations on Wednesday aimed at expanding access to private assets that have traditionally been reserved for professionals, potentially offering higher returns but also exposing everyday Americans to more risk. The Securities and Exchange Commission39;s proposals are part of a broader push by the Trump administration to democratize private assets, such as private equity, private credit, real estate and venture capital that can potentially result in higher returns than traditional stock and bond portfolios. This included enabling potentially hundreds of thousands of certified professionals, such as accountants, financial analysts and planners and licensed research analysts to access private investments as socalled accredited investors, a status that currently requires wealth and income tests or holding accredited professions such as being a brokerdealer. Critics say the effort is a boon for Wall Street, coming at the expense of retail investors who may not understand the fees involved or risks of such assets, which are often hard to price and cannot be immediately redeemed for cash. As I39;ve said repeatedly, exposure to the full dynamism of our markets should not... https://www.gurutrade.com/news/sec-unveils-new-retail-investor-proposals-for-private-assets-1790789811.html Wed, 30 Sep 2026 07:30:14 +0300 https://www.gurutrade.com/news/ford-f-150-supplier-disruption-to-impact-q3-sales-ceo-says-1790785294.html Sept 30 Reuters Ford CEO Jim Farley said a supplier issue that affected F150 pickuptruck output in recent days has been resolved, but the snag has impacted the companys thirdquarter wholesale numbers. Production of Fords bestselling vehicle was halted last week at a Detroitarea factory because of a supply problem, and had been scheduled to resume on Tuesday, Reuters reported last week, citing an internal memo. Fords Kansas City F150 plant also was affected, Reuters reported. Farley told reporters during an event on Wednesday that the issue with the supplier, which he did not name, has been fixed. We are back up and running, he said. The supplier issue, you know, we have ways to address it. It is impacting our thirdquarter wholesale. But Im very optimistic. Farley also said that the company is fully recovered from the effects of two factory fires late last year that disrupted production at aluminum supplier Novelis, crimping Fords truck output for much of the year. The supplier issue that affected Fords truck output in the past week was unrelated to the aluminum issue, Reuters reported last week. Sales of Fords FSeries trucks, which fuel the bulk of the companys profits, fell 11 year over year through August. Reporting by Mike Colias; Editing by Chizu Nomiyama and Mark Porter Source Reuters https://www.gurutrade.com/news/ford-f-150-supplier-disruption-to-impact-q3-sales-ceo-says-1790785294.html Wed, 30 Sep 2026 06:30:52 +0300 https://www.gurutrade.com/news/us-transport-chief-sees-no-safety-risk-in-737-max-software-1790785599.html WASHINGTON, Sept 30 Reuters US Transportation Secretary Sean Duffy said Wednesday he does not currently see any safety concern stemming from a software issue involving the Boeing 737 MAX fleet. If there was like, 39;Hey we39;ve got a safety issue,39; we have a different response, Duffy told reporters after an event in Washington. We39;ve learned when you don39;t respond quickly to things, bad things can happen. He added the agency saw no need to ground the 737 MAX fleet over the issue. On Saturday, Boeing said a software issue affecting certain 737 MAX aircraft could prevent pilots from accessing automated flight guidance during a specific landing scenario. The company said it had informed operators and was developing a software update to permanently address the problem. On Monday, the Federal Aviation Administration said it will hold off certifying Boeing39;s longdelayed 737 MAX 10 until the software issue is resolved. On Wednesday, Duffy compared the issue to an update on a smartphone, adding that the software update hasn39;t been flagged for us as a safety issue. Earlier, the FAA said the software version can increase pilot workload when doing a goaround, where a pilot aborts a landing attempt, applies power, and climbs back into the sky to try to land again. The FAA said it planned to convene a Corrective Action Review Board to investigate the issue. Officials said this may not take place until next week at the earliest. Reporting by David Shepardson; Editing... https://www.gurutrade.com/news/us-transport-chief-sees-no-safety-risk-in-737-max-software-1790785599.html Wed, 30 Sep 2026 06:10:57 +0300 https://www.gurutrade.com/news/hormel-foods-to-buy-chicken-firm-brakebush-for-1-06b-1790784904.html Sept 30 Reuters Hormel Foods on Wednesday said it would buy familyowned chicken processor Brakebush Brothers for 1.06 billion, as the Skippy peanut butter maker looks to expand its protein portfolio. Consumers are increasingly gravitating toward proteinrich meals as health and wellness trends shape food choices. The Westfield, Wisconsinbased Brakebush generated nearly 1.2 billion in net sales in the last 12 months. The company, operated by the Brakebush family since 1925, sells processed raw and cooked chicken, including patties, wings and nuggets. Hormel said the deal is expected to close in the first quarter of fiscal year 2027 and will add to its adjusted earnings per share from fiscal 2028. Hormel, which also owns brands such as organic meat processor Applegate, last month cut its annual sales forecast after missing thirdquarter sales estimates. Its shares rose about 2 in premarket trading following the news. Reporting by Shania S Thomas in Bengaluru; Editing by Arun Koyyur and Sahal Muhammed Source Reuters https://www.gurutrade.com/news/hormel-foods-to-buy-chicken-firm-brakebush-for-1-06b-1790784904.html Wed, 30 Sep 2026 03:30:39 +0300 https://www.gurutrade.com/news/sbi-buys-nearly-40-of-reliance-s-1-35b-debt-sale-1790786390.html MUMBAI, Sept 30 Reuters State Bank of India, the country39;s largest lender, led the demand for Reliance Industries39; 130billionrupee 1.35 billion 10year debt sale completed on Wednesday, according to five sources familiar with the transaction. The staterun bank is estimated to have bought bonds worth nearly 50 billion rupees, or about 40 of the offering, they said. The bonds were rated AAA by rating agencies Crisil and CareEdge, and carried an annual coupon of 7.90. An AAA rating is the highest credit rating, indicating an exceptionally strong capacity to meet debt obligations and a very low risk of default. Indian companies have accelerated domestic borrowing to secure funding costs before a potentially tighter monetarypolicy stance from the Reserve Bank of India in the wake of high energy prices stoking inflation. The sources requested anonymity as they are not authorised to speak to the media. ICICI Prudential Mutual Fund, SBI Pension Fund, and ICICI Prudential Life Insurance were among the largest investors in the issue, a source said. None of the companies responded immediately to Reuters emails seeking comment. Since longdated highquality papers are always in scarce supply, banks and insurers lapped it up even at a marginal premium, one of the investors said. The transaction follows the oiltotelecom conglomerate39;s 120billionrupee fiveyear bond sale two weeks ago, priced at a 7.47 coupon. It was the group39;s first rupee debt issuance since November... https://www.gurutrade.com/news/sbi-buys-nearly-40-of-reliance-s-1-35b-debt-sale-1790786390.html Wed, 30 Sep 2026 02:50:46 +0300 https://www.gurutrade.com/news/temasek-to-open-riyadh-abu-dhabi-offices-in-mideast-push-1790783495.html HONG KONG, Sept 30 Reuters Singapore state investor Temasek said on Wednesday it planned to open offices in Riyadh and Abu Dhabi in the first half of 2027, subject to approvals, seeking investment and partnership opportunities across the Middle East. The new offices will expand Temasek39;s global network to 15 offices in 11 countries in 2027. Temasek had a net portfolio value of S518 billion 405.5 billion as of March 31, 2026. The Middle East is an important part of Temaseks global network, Temasek Chief Executive Officer Dilhan Pillay Sandrasegara said in a statement. The pace and ambition of economic transformation across the region are remarkable, and its longterm fundamentals remain highly attractive. The expansion signals Temasek39;s confidence in the Gulf39;s longterm growth despite regional tensions that have raised uncertainty for markets, energy supplies and shipping. The statement said Temasek would deepen engagement across the Middle East, particularly in Saudi Arabia, the United Arab Emirates and Qatar, where it sees longterm opportunities for itself and its portfolio companies. Temasek said it would also engage institutions in Qatar and other Middle East markets. The expansion would also strengthen its access to opportunities in Central Asia and Africa, it added. Chia Song Hwee, CEO of Temasek Global Investments, became chairman for the Middle East and Africa on September 1. He will provide senior oversight of Temasek39;s engagement and longterm... https://www.gurutrade.com/news/temasek-to-open-riyadh-abu-dhabi-offices-in-mideast-push-1790783495.html Wed, 30 Sep 2026 11:10:20 +0300 https://www.gurutrade.com/news/saint-laurent-goes-gold-in-paris-in-possible-finale-for-designer-1790779907.html PARIS, Reuters Saint Laurent creative director Anthony Vaccarello unveiled a headtotoe gold collection of slinky dresses and textured tailoring at Paris Fashion Week on Tuesday. The springsummer 2027 show marked 10 years since Vaccarello39;s first show for the Parisian label owned by luxury group Kering, and came amid reports he was set to step down from the role. On a raised runway under a giant gold chandelier, models strode past wearing gold dresses with raised embroidery, gold brocade skirts and jackets with sharp collars, and gold trench coats. The Eiffel Tower also glittered gold in the background of the show staged outdoors at the Trocadero fountain, with frontrow guests including Blackpink singer Rosé, model Rosie HuntingtonWhitely, and Oscarwinning actors Eddie Redmayne and Rami Malek. Black gowns with billowing sleeves and long trains were the final looks of the show, and Charlotte Gainsbourg performed a song in a classic Saint Laurent black suit before Vaccarello came out to applause from the crowd, smiling and waving. Vaccarello is credited with expanding Saint Laurent39;s reach. The brand39;s revenues were down 6 last year but Kering said in July that it had returned to growth in the first half. Reporting by Helen Reid; Editing by Daniel Wallis Source Reuters https://www.gurutrade.com/news/saint-laurent-goes-gold-in-paris-in-possible-finale-for-designer-1790779907.html Wed, 30 Sep 2026 07:50:30 +0300 https://www.gurutrade.com/news/miners-bound-to-megadeal-playbook-in-pursuit-of-global-scale-1790758958.html Boards back bigger miners to finance projects, investors and people familiar say Analysts say larger miners can better finance decadelong projects through debt, cashflow Shareholders demand growth with capital discipline after past acquisition writedowns LONDON, Sept 28 Reuters Mining companies are set on building scale through MA and partnerships to tackle financial and geopolitical hurdles, despite several thwarted megadeals over the past year. Gold Fields, whose 27.1 billion offer to forge the world39;s secondlargest gold producer was rejected by Northern Star on Monday, is the latest to go into battle. Gold Fields is employing the same reasoning as copper miners diversification, synergies and financial strength. These big miners tend to fund project development through their balance sheet using debt rather than capital raising, so they need to be bigger to have more cashflow to manage that debt, said analyst Glyn Lawcock at Barrenjoey. Although BHP failed in its bids for Anglo American, and Rio Tinto abandoned its Glencore approach, investors and people familiar with boardroom discussions say boards remain convinced that bigger is better to obtain financing for multibilliondollar mines. Mining companies also face huge political pressure to secure copper and other critical minerals that are at the forefront of energy, economic and national security agendas. New copper mines can cost 10 billion to 20 billion to develop and take a decade or more to build,... https://www.gurutrade.com/news/miners-bound-to-megadeal-playbook-in-pursuit-of-global-scale-1790758958.html Tue, 29 Sep 2026 09:10:21 +0300 https://www.gurutrade.com/news/us-gm-tech-costs-to-drop-20b-by-2031-on-emissions-rules-1790667709.html WASHINGTON, Reuters General Motors will see its technology costs decline by 20.4 billion through 2031 as a result of drastically lower vehicle fuel economy rules finalized Monday, the US Transportation Department said. In total, the Trump administration estimates automakers39; technology costs will decline by 60.6 billion through 2031, or about 1,289 per vehicle, as a result. The 2024 fuel economy rules had been estimated to cost GM 31.7 billion through 2031. The new rule is expected to take effect around early December. Automakers will not need to add expensive emissions equipment to reduce fuel consumption or build more EVs, as they would have had to under the prior rule in order to meet more stringent requirements. The department39;s National Highway Traffic Safety Administration NHTSA said Chryslerparent Stellantis39;s costs will decline by 6.6 billion, Ford by 5.8 billion, Toyota by 4.5 billion and Honda by 4.1 billion. GM said it supports the goals of the rule and its intention to better align fuel economy standards with market realities. Last year, Congress passed legislation ending penalties for not meeting fuel economy requirements after Stellantis paid about 775 million in civil penalties for failing to meet US fuel economy requirements since 2019. GM paid 128.2 million in penalties for 2016 and 2017. GM also paid a 145.8 million penalty and forfeited fuel economy credits worth hundreds of millions of dollars at the time after a government investigation... https://www.gurutrade.com/news/us-gm-tech-costs-to-drop-20b-by-2031-on-emissions-rules-1790667709.html Tue, 29 Sep 2026 07:30:37 +0300 https://www.gurutrade.com/news/evonik-rejects-basf-offer-as-too-low-sources-say-1790668187.html DUESSELDORF, Germany, Sept 28 Reuters German chemicals maker Evonik has rejected a takeover offer of about 22.15 per share from larger peer BASF as too low, two people familiar with the matter told Reuters on Monday. The Financial Times had earlier reported the news. BASF, which said on Friday it had proposed a potential acquisition of Evonik, on Monday declined to comment on the size of the offer. Reporting by Matthias Inverardi, writing by Ludwig Burger, editing by Thomas Seythal Source Reuters https://www.gurutrade.com/news/evonik-rejects-basf-offer-as-too-low-sources-say-1790668187.html Mon, 28 Sep 2026 05:10:07 +0300 https://www.gurutrade.com/news/shein-reports-sharp-drop-in-europe-sales-after-price-hikes-1790668528.html Europe sales down 14 in second quarter, US sales down 6 Net profit margin falls to 2.1 from 6.2 due to freight costs, oil prices Shein CEO chair plans to push into higher price points to boost profitability Sept 28 Reuters Fastfashion platform Shein reported a sharp drop in sales in Europe in the second quarter after it hiked prices and cut online advertising in anticipation of the European Union imposing fees on lowvalue ecommerce parcels from July 1. Since its September 1 debut in Hong Kong, Shein39;s shares have dropped 27.3 from the offer price of HK48.56 apiece as investors expect the fees to dent its business in a market accounting for around a third of revenue. Shein reported 11.08 billion in sales for the second quarter, with Europe revenue down 13.9 to 3.77 billion and US revenue falling 6 to 2.5 billion. Overall sales were up 0.9 from a year ago as growth in Latin America offset declines in Shein39;s biggest markets. Shein CEO and Chair Sky Xu said the retailer is planning to push into higherpriced clothes that will boost its profitability, and hinted at the company39;s strategy of expanding its family of brands, including through acquisitions. As the product mix shifts towards brands at higher price points, the platforms overall average selling price will rise accordingly, he said in a statement. Our vision is to become a richly diversified brand collection that meets consumers varied needs across multiple price points and occasions. Shein39;s net... https://www.gurutrade.com/news/shein-reports-sharp-drop-in-europe-sales-after-price-hikes-1790668528.html Mon, 28 Sep 2026 04:10:02 +0300 https://www.gurutrade.com/news/ice-launches-new-lng-freight-and-uk-power-derivatives-1790602200.html SINGAPORE, Sept 28 Reuters The Intercontinental Exchange announced the launch of new JKM LNG Platts options, LNG Balmo freight futures, and UK base electricity options, in an expansion of its global gas and power markets, the exchange said in a statement on Monday. The new JKM LNG options aim to give customers a way to manage Asian gas price risk at a specific point in time. They will complement ICE39;s existing JKM LNG Platts average price options, which are used to manage exposure that accumulates over the month. The JKM, or JapanKorea Marker, is the benchmark for spot liquefied natural gas cargoes in Asia. ICE39;s new LNG Balmo balance of the month freight futures will settle against the average price for the remaining part of the month. ICE offers the Spark30S Atlantic Sabine Pass to Gate contract, and the Spark25S Pacific NWS to Tianjin contract, to let customers manage the cost of transporting those molecules more precisely, it said. The contracts are based on the assessment published by Spark Commodities. ICE also launched new UK base electricity options, giving customers another tool to manage price risk as renewables and gasfired generation widen the range of possible power prices. Reporting by Emily Chow; Editing by Alexandra Hudson Source Reuters https://www.gurutrade.com/news/ice-launches-new-lng-freight-and-uk-power-derivatives-1790602200.html Mon, 28 Sep 2026 03:30:48 +0300 https://www.gurutrade.com/news/airbus-probes-a321neo-flaw-as-repair-plan-eases-disruption-1790594503.html Airbus probes cause of coatings problem on batch of A321neo jets Sources say problem stems from subcontractor to Leonardo Maintenance deadline shortened to two years from four Airbus says safety unaffected, delivery target still stands PARIS, Sept 28 Reuters Airbus and Italy39;s Leonardo are investigating a glitch at a privately held coatings firm that triggered a quality alert affecting 500 of the planemaker39;s bestselling A321neo jets, people familiar with the matter said. The flaw, which Airbus confirmed on Friday following a report in the Air Current, was discovered when one of the planemaker39;s technicians scraped paint from a fuselage part only to find gaps in the protective primer underneath, they said. Teams of engineers from Airbus and Leonardo are now working at coatings supplier TESI, a Leonardo subcontractor south of Naples, to support recovery efforts and find the cause of the problem, which has yet to be identified, the sources said. TESI did not reply to requests for comment. Airbus declined to name suppliers. Leonardo has confirmed TESI is a supplier but has not said whether it is involved in its work for Airbus. The problem involves strengthening rods called stringers in one section of the forward fuselage of the A321neo and has raised fresh questions over quality controls and points of vulnerability embedded in the supply chain, analysts say. Airbus has two suppliers for that section, Leonardo and its own inhouse supplier Airbus Atlantic,... https://www.gurutrade.com/news/airbus-probes-a321neo-flaw-as-repair-plan-eases-disruption-1790594503.html Mon, 28 Sep 2026 01:50:47 +0300 https://www.gurutrade.com/news/nvidia-releases-ai-safety-tool-to-stop-hugging-face-style-hacks-1790590744.html SAN FRANCISCO, Sept 28 Reuters Nvidia on Monday made available a set of software safety tools for AI agents that it says would have stopped the hack of Hugging Face, the AI coding hub that Nvidia paid 13 billion for months after it was swarmed by rogue agents from OpenAI. The move comes as OpenAI and Anthropic, the top two US AI labs, are investigating numerous instances where their agents, which are AI systems capable of carrying out complex tasks, hacked into commercial and government systems. Nvidia CEO Jensen Huang, head of the world39;s largest company whose chips have powered most of the AI boom, has rejected calls for broad AI safety regulations and instead framed the escaped agents as an engineering problem to be solved, akin to making automobiles safer. One tool released Monday called OpenShell uses hardware features on Nvidia39;s central processor chips to contain agents. Nvidia said it is also working with Arm Holdings and Intel to ensure the system also works on their central processors. Nvidia is launching the tools with dozens of partners, including Anthropic. Justin Boitano, vice president and general manager of enterprise computing at Nvidia, said the tools would have stopped the Hugging Face attack disclosed this summer. From what we know, this new security platform could have stopped the breach if it was being used in frontier labs for model evaluation early on, Boitano said during a media briefing. Were advancing this openly, and we want to engage... https://www.gurutrade.com/news/nvidia-releases-ai-safety-tool-to-stop-hugging-face-style-hacks-1790590744.html Mon, 28 Sep 2026 01:10:10 +0300 https://www.gurutrade.com/news/akamai-signs-11-6b-anthropic-cloud-deal-grants-5-warrant-1790608941.html Reuters Akamai Technologies signed an 11.6 billion cloud services deal with Anthropic on Thursday, and issued a warrant that could give the AI lab up to 5 stake in the cloud company, sending its shares surging 22 in extended trading. The agreement secures a longterm commitment from one of the fastestgrowing AI companies, and adds to more than 2.8 billion in multiyear cloud infrastructure deals Akamai announced across its customer base this year. Under the sevenyear contract, the warrant would give Anthropic the right to purchase Series B shares at 111.33 each that converts into about 7.7 million shares of Akamai39;s common stock. IPObound Anthropic has been aggressively expanding its computing power and securing the infrastructure needed to train and run increasingly powerful models, driving multibilliondollar deals with cloud and datacenter providers. It agreed to spend 45 billion to rent AI cloud computing power from Nscale39;s West Virginia data center campus, Reuters reported last month. Despite growing concerns about potential adverse consequences of agentic AI, infrastructure investment will continue to expand to support increasingly computeintensive agentic workloads, said Emarketer analyst Jacob Bourne. The potential stake can be seen as a vote of confidence in the durability of AIdriven cloud demand. A portion of the warrant representing about 2 of Akamai39;s common stock outstanding is tied to Anthropic39;s 11.6 billion commitment, while the remaining 3... https://www.gurutrade.com/news/akamai-signs-11-6b-anthropic-cloud-deal-grants-5-warrant-1790608941.html Mon, 28 Sep 2026 07:40:35 +0300 https://www.gurutrade.com/news/ai-messaging-scam-costs-italy-s-intesa-millions-sources-1790582043.html MILAN, Sept 25 Reuters Fraudsters using AI to impersonate senior executives stole 95 million 108 million from Fideuram, the private banking arm of Italy39;s biggest lender Intesa Sanpaolo, two sources familiar with the matter said on Friday. More than half the funds were later recovered, but some 36 million remains missing, the sources said. The scheme, first reported by Corriere della Sera, began in February when thenFideuram Chairman Paolo Molesini received what appeared to be a WhatsApp message from Intesa Sanpaolo CEO Carlo Messina seeking urgent help with an overseas transaction. The fraudsters followed up with a phone call that appeared to come from a senior partner at a prominent law firm, confirming the instruction. According to the sources, the callers used AI technology to replicate the lawyer39;s voice. Believing the request was genuine, Molesini instructed his finance department to arrange a series of transfers to foreign accounts, mainly in China and Hong Kong, the sources said. Intesa Sanpaolo and Fideuram declined to comment. Fideuram quickly detected irregularities in the transfers and alerted banks and authorities in several countries. Roughly 53 million was later recovered through cooperation between authorities in China, Portugal and Italy, according to the sources. The remaining funds have not been traced after passing through a network of overseas accounts and being converted into cryptocurrencies, they said. Neither Molesini nor any other... https://www.gurutrade.com/news/ai-messaging-scam-costs-italy-s-intesa-millions-sources-1790582043.html Fri, 25 Sep 2026 06:54:25 +0300 https://www.gurutrade.com/news/data-center-ipo-hopefuls-face-market-as-scrutiny-grows-1790583133.html DayOne targets midOctober roadshow and November debut, sources say Investors favor operators with broader customer bases and clearer demand visibility SoftBankbacked SB Energy delays IPO amid valuation and customer concentration concerns, sources say Sept 25 Reuters Data center operator DayOne is pushing ahead with its plans to go public as soon as November, according to three people familiar with the matter, even as higher interest rates and setbacks elsewhere in the data center ecosystem threaten to narrow the window for companies to tap the IPO market. The Singaporebased company develops and operates data centers for cloud and AI customers. It plans to make its filing with the US Securities and Exchange Commission public in midOctober and list in November, the people said, speaking anonymously to discuss confidential matters. The plans, including the timing of the IPO, are subject to change, the people cautioned. DayOne declined to comment. DayOne39;s IPO intentions follow two setbacks for data center operators this week the delay of SB Energy39;s expected IPO and news of a dispute centering on Oracle and Blue Owl that could delay a data center project in New Mexico. The contrast highlights how the market for AI infrastructure is maturing after years of strong investor enthusiasm. Companies with diversified customers and greater visibility into demand can still attract interest, while projects that rely heavily on a single AI customer or require large amounts of... https://www.gurutrade.com/news/data-center-ipo-hopefuls-face-market-as-scrutiny-grows-1790583133.html Fri, 25 Sep 2026 05:30:44 +0300 https://www.gurutrade.com/news/volkswagen-recalls-4-million-cars-handelsblatt-reports-1790349520.html BERLIN, Sept 25 Reuters German auto group Volkswagen will recall around 4 million vehicles across four brands in the biggest such action since the Dieselgate scandal, the Handelsblatt newspaper reported on Friday. Some 2.16 million VW models and 700,000 Audi models are to be recalled, according to Germany39;s KBA road traffic authority. Handelsblatt reported that the action also included over a million vehicles at Volkswagen39;s Czech brand Skoda and 200,000 at Spanish brand Seat. Seat confirmed the number. Skoda had no immediate comment on the report. In an earlier statement, Volkswagen said customers had been asked to take their vehicles for repair because of the risk of corrosion involving a screw in the steering system. If unchecked, this could compromise the steering39;s function in the long term. The company stressed that the recall was a precautionary measure and said the replacement of the screw would take no longer than an hour. Volkswagen declined to comment on the estimated cost of the recalls. Reporting by Rachel More and Miranda Murray, editing by Thomas Seythal Source Reuters https://www.gurutrade.com/news/volkswagen-recalls-4-million-cars-handelsblatt-reports-1790349520.html Fri, 25 Sep 2026 04:10:14 +0300 https://www.gurutrade.com/news/ms-revamps-copilot-with-code-generation-agentic-ai-tools-1790340771.html Sept 25 Reuters Microsoft on Friday unveiled several new capabilities in its Copilot app, including a coding tool and an alwayson AI agent, as the software giant seeks to transform its AI assistant into a onestop shop for office workers. The company is also embedding its Office applications Word, Excel, and PowerPoint directly within Copilot, allowing users to work collaboratively on these apps without having to leave the AI tool. Microsoft is racing to expand Copilot beyond its chatbased roots to boost adoption as it competes with AI chatbots such as ChatGPT and Claude. The Windows maker unveiled Code to let users build apps, dashboards and other software using natural language prompts. The tool, powered by the same technology as Microsoft39;s GitHub Copilot, will roll out to earlyaccess customers at the end of the month, while 365 Premium and Pro subscribers can preview it later this year. Microsoft is also rolling out Autopilot, a revamp of the Scout AI agent it unveiled in June, in a private preview at the end of the month. The socalled digital coworker agent will carry its own identity in the company directory and have specific permissions that users can control. I think it39;s been very hard for many organizations to bring agents into the enterprise because of security, compliance and governance concerns, Annie Pearl, corporate vice president of Copilot Product, said in an interview. So we39;ve worked... to make sure that we were building this in a way that... https://www.gurutrade.com/news/ms-revamps-copilot-with-code-generation-agentic-ai-tools-1790340771.html Fri, 25 Sep 2026 03:10:02 +0300 https://www.gurutrade.com/news/adarx-pharmaceuticals-raises-446-3-mln-in-upsized-us-ipo-1790342885.html Sept 25 Reuters ADARx Pharmaceuticals said on Thursday it had raised 446.3 million in an upsized US initial public offering, reflecting growing investor appetite for biotech listings. The San Diegobased drug developer sold 26.3 million shares at 17 apiece, the top end of its marketed range, up from its earlier plan to sell 21.9 million shares. Biotech has emerged as a bright spot in this year39;s IPO market, with a steady flow of listings continuing into the fall as investors favor the sector39;s relative insulation from the Iran war and AIdriven disruption. Drug developers City Therapeutics and Iambic Therapeutics filed for US IPOs this week, while Retension Pharmaceuticals and TRex Bio filed for listings last week. Electra Therapeutics also raised 350 million in an upsized US IPO before making its market debut last Friday. Its shares have fallen about 21 since. Founded in 2019, ADARx39;s experimental drugs target diseases related to immunity, kidney, cardiovascular and neurological systems. The company39;s most advanced candidate, onvuzosiran, is in latestage testing for hereditary angioedema, a rare genetic disorder that causes sudden swelling attacks. Drugmaker AbbVie has agreed to invest up to 100 million in a concurrent private placement, which would give it a roughly 4.9 stake postIPO, ADARx said. J.P. Morgan, Morgan Stanley, TD Cowen, among others, are the underwriters for ADARx39;s offering. The stock will start trading on Nasdaq on Friday under the... https://www.gurutrade.com/news/adarx-pharmaceuticals-raises-446-3-mln-in-upsized-us-ipo-1790342885.html Fri, 25 Sep 2026 02:30:43 +0300 https://www.gurutrade.com/news/india-s-elevate-campuses-219m-ipo-fully-subscribed-1790343228.html Sept 25 xx Reuters Indian student housing operator Elevate Campuses39; 21billionrupee 219.14 million initial public offering was fully subscribed on final day of bidding on Friday, exchange data showed, led by demand from Qualified Institutional Buyers. The Mumbaibased company is owned by entities of Singaporean private equity firm Hillhouse Investment, known for early investments in tech giants like Tencent and JD.com , and has backed Indian consumer and tech platforms such as Swiggy and fintech firm CRED. Here are some details about its IPO Received bids for 33.91 million shares, against 33.67 million fresh issue on offer, as of 245 p.m. IST The company is seeking a valuation of up to 61.01 billion rupees at the upper end of IPO price band of 362 rupees per share. The lower end of the IPO price band is 343 rupees per share. IPO proceeds will be used to fund the acquisition of 16 school infrastructures across Dubai, Hyderabad, Chennai, and Pune. Qualified institutional investors bid for 1.48 times the shares set aside for them. Noninstitutional and retail portions were subscribed 0.47 times and 0.41 times, respectively. Elevate Campuses raised 9.45 billion rupees from anchor investors, including Norway39;s Government Pension Fund Global, Tata AIG, SBI Mutual Fund, and HDFC Mutual Fund earlier this week. It operates housing assets tied to institutions such as O.P. Jindal Global University, Manipal University Jaipur, and Shoolini University,... https://www.gurutrade.com/news/india-s-elevate-campuses-219m-ipo-fully-subscribed-1790343228.html Fri, 25 Sep 2026 12:50:20 +0300 https://www.gurutrade.com/news/costco-tops-estimates-as-discount-gas-bulk-deals-draw-1790686729.html Quarterly revenue of 95.72 billion tops LSEG estimates of 94.86 billion Total Q4 samestore sales excluding gas rise 6.70, above analysts39; estimate of 6.11 Company received tariff refunds of 184 million in the quarter, CFO Millerchip says Reuters Costco Wholesale beat quarterly estimates on Thursday, recording strong comparable sales growth as inflationary pressures drove consumers to its discount gas stations and boosted demand across its warehouses. The warehouse retailer reported fourthquarter adjusted earnings per share of 6.60, excluding a onetime 15cent benefit from tariff refunds, beating analysts39; estimates of 6.53, according to LSEG data. Quarterly revenue rose about 11 from a year earlier to 95.72 billion, topping Wall Street estimates of 94.86 billion. Total samestore sales excluding gas and foreign exchange effects rose 6.7, above analysts39; expectations of 6.11. Costco has benefited as consumers look to stretch household budgets, with its lowprice bulk model and discounted fuel offering helping attract shoppers amid persistent cost pressures. It was another wellrounded quarter for Costco, with comparable sales growth continuing to lead its bigbox peers, driven by balanced traffic and average ticket growth, CFRA analyst Arun Sundaram said. Gasoline was a key sales driver, with CEO Ron Vachris saying the business had a record year. Costco gas stations, which usually sell below market value, according to TD Cowen analyst Oliver Chen, have helped... https://www.gurutrade.com/news/costco-tops-estimates-as-discount-gas-bulk-deals-draw-1790686729.html Fri, 25 Sep 2026 10:10:42 +0300 https://www.gurutrade.com/news/tesla-is-beginning-semi-electric-truck-deliveries-1790610329.html SAN FRANCISCO, Sept 24 Reuters Tesla is beginning deliveries of its Semi trucks to a first set of customers this week, executives said at its plant in Sparks, Nevada, almost nine years after CEO Elon Musk unveiled the electric big rigs. The Semi, designed for longhaul freight, expands the market for Tesla, known for its electric sedans and SUVs, into commercial freight haulers at a time when diesel prices in the US have soared to record highs. Tesla did not disclose production volume plans or pricing of the trucks at a webcast event late on Thursday at the plant. It reiterated plans to build 50,000 Semis a year at the Nevada plant. Musk did not attend the event. In a recorded video message he said I39;d recommend placing more orders if you haven39;t already, but the waiting list is already pretty significant. Customers, including PepsiCo, DHL and US Foods, were invited on stage, and trucks with their logos were shown parked outside. The longrange variant, loaded, can drive 500 miles with one charge. That39;s 500 realworld miles. Our customers have validated it, said Dan Priestley, Tesla39;s director of Semi truck engineering. A standard variant has 325 miles of range. The Semi was first unveiled in 2017 and production was expected to start in 2019. The first truck eventually rolled off the highvolume production line in April and volume production was set to start this year. However, Tesla39;s July shareholder letter said that production of Semi would begin in 2026,... https://www.gurutrade.com/news/tesla-is-beginning-semi-electric-truck-deliveries-1790610329.html Fri, 25 Sep 2026 09:30:03 +0300 https://www.gurutrade.com/news/italy-s-cdp-eyes-sale-of-15-35-of-ansaldo-to-gulf-investors-1790263092.html AIdriven data centre growth boosts demand for Ansaldo equipment Mubadala is ahead in talks with CDP over buying minority stake Ansaldo Energia returned to profit in 2025 with orders up 24 ROMEMILAN, Sept 24 Reuters Italian state lender CDP is in talks with Gulf investors including Abu Dhabi39;s sovereign wealth fund Mubadala to sell between 15 and 35 of power plant developer Ansaldo Energia, two sources familiar with the matter told Reuters. Ansaldo Energia which develops gas and steam turbines, generators and nuclear power technology is 99.6 owned by CDP39;s investment arm CDP Equity. It is benefiting from rising energy demand linked to the rapid international expansion of data centres for artificial intelligence. CDP is considering selling the 1535 stake in Ansaldo as part of a broader agreement that would see the company expand its operations in the Gulf, one of the sources said. Talks with Mubadala are more advanced than those with other suitors, the same source said, adding that any deal would see Ansaldo help develop gasfired power plants in the region. CDP Equity would preserve full control of Ansaldo, the other source said. Spokespeople for CDP, Mubadala and Ansaldo declined to comment. Interest for Ansaldo from Mubadala and other Gulf suitors was first reported by Italian daily Corriere della Sera on Sunday. The report did not include details of the size of the stake being discussed. Headquartered in Genoa, Ansaldo returned to profit in 2025 after... https://www.gurutrade.com/news/italy-s-cdp-eyes-sale-of-15-35-of-ansaldo-to-gulf-investors-1790263092.html Thu, 24 Sep 2026 04:10:10 +0300 https://www.gurutrade.com/news/snb-calls-ubs-90-capital-plan-a-good-outcome-1790274315.html BERN, Sept 24 Reuters A 90 Common Equity Tier 1 backing for UBS39;s foreign units is a good amount, SNB Vice Chairman Antoine Martin said on Thursday, a day after Switzerland39;s upper house of parliament voted on new banking regulations. Switzerland is drawing up new banking rules to avoid another crisis following the 2023 collapse of Credit Suisse and its subsequent takeover by UBS. More backing of foreign participations with CET1 capital is better from a financial stability perspective, Martin said, reiterating the central bank39;s previous position. In that respect, 90 is a good amount of CET1 capital to back these foreign participations, he said. Of course, 100 would have been even better from the perspective of financial stability. Martin said that it39;s not the central bank39;s role to comment on the actions of parliament, but that the SNB has a legal mandate to contribute to financial stability. At the moment, it39;s still extremely important to draw the right conclusions from the Credit Suisse crisis, SNB Chairman Martin Schlegel said, adding the SNB has full faith in the government and in parliament to reach decisions in the interest of Switzerland. The proposed measures are actually important, and they really address some regulatory weaknesses that we identified in the Credit Suisse crisis, Schlegel said. Adds Chairman comments, details Reporting by Ariane Luthi, editing by John Revill Source Reuters https://www.gurutrade.com/news/snb-calls-ubs-90-capital-plan-a-good-outcome-1790274315.html Thu, 24 Sep 2026 03:50:15 +0300 https://www.gurutrade.com/news/softbank-raises-11-1b-in-world-s-biggest-junk-bond-sale-1790240858.html Heavy debt issuance aimed at funding OpenAI stake and other AI bets Dollar and euro bond sales yield between 7.125 and 9.75 Cost of insuring SoftBank debt against default has jumped TOKYO, Sept 24 Reuters Tech investor SoftBank Group is issuing 11.1 billion in dollar and eurodenominated bonds, set to be the largest highyield corporate bond sale globally on record as it seeks to fund its mammoth bet on OpenAI. The funding follows a 1 trillion yen 6.3 billion bond issue aimed at retail investors this month, and is likely to prompt further scrutiny of SoftBank39;s finances, which could become vulnerable should market sentiment towards OpenAI and the artificial intelligence sector weaken significantly. Under the leadership of Masayoshi Son, known for bold bets throughout his long career and now keen to make the Japanese conglomerate the dominant investor in AI, SoftBank has committed 64.6 billion to OpenAI, of which it will own roughly 13 by next week. It is also acquiring ABB39;s robotics business for 5.4 billion and DigitalBridge for 3.1 billion. The sheer size of its AIrelated investments and the amount of money it has sought to fund them has led to higher yields to pay for SoftBank, which has long been a junkbond issuer, as well as jumps in the cost of insuring its debt against default. That said, the issuance is expected to go smoothly. I was positively surprised by the market appetite, said Satoru Aoyama, senior director at Fitch Ratings. Hyperscalers in the... https://www.gurutrade.com/news/softbank-raises-11-1b-in-world-s-biggest-junk-bond-sale-1790240858.html Thu, 24 Sep 2026 11:10:53 +0300 https://www.gurutrade.com/news/mcdonald-s-sees-flat-traffic-on-inflation-shares-dip-on-capex-1790241334.html Co expects industry traffic growth to be flat CEO says Shares drop as much as 6.5 Co targets operating margins in low to mid50 range by 2030 US head says co has fallen short on 39;consistent execution39; Franchisees still on hook for much of 39;NEXT39; upgrades Sept 23 Reuters McDonald39;s warned on Wednesday that industrywide customer traffic in key markets would likely remain flat as long as inflation remained elevated, sending its shares down as much as 6.5 even as it unveiled an 8.5 billion franchisee support plan and a slate of longterm growth initiatives. The warning reinforced investor concerns that McDonald39;s turnaround could take longer than expected, even as it rolls out its NEXT strategy to reignite growth after several quarters of slowing sales and intensifying competition from valuefocused rivals. Look at Starbucks, these changes don39;t happen overnight, said Jake Dollarhide, a McDonald39;s investor as CEO of Longbow Asset Management, referring to the turnaround effort at Starbucks that took close to a year for investments to translate into boosted sales. Last month, McDonald39;s missed estimates for secondquarter US sales growth, citing execution missteps that hindered efforts to win back lowerincome consumers who had cut back on dining out. Its shares, which are now down about 22 so far this year, dropped to a near fouryear low of 234.03 on Wednesday. Newly appointed US business head Skye Anderson acknowledged those shortcomings on... https://www.gurutrade.com/news/mcdonald-s-sees-flat-traffic-on-inflation-shares-dip-on-capex-1790241334.html Thu, 24 Sep 2026 10:10:15 +0300 https://www.gurutrade.com/news/nyse-and-blockchain-com-to-explore-selling-tokenised-stocks-1790178028.html Sept 23 Reuters The New York Stock Exchange and crypto brokerage Blockchain.com will together explore creating crypto versions of USlisted stocks, Blockchain.com said in a press release on Wednesday. The partnership is the latest example of a mainstream stock exchange looking to cash in on tokenisation, which is the idea of creating blockchainbased tokens which represent or are pegged to assets such as stocks and bonds. Blockchain.com and NYSE announced a strategic collaboration to explore selling tokens representing NYSElisted stocks and ETFs on blockchain, the technology behind cryptocurrencies. The companies have not yet announced which countries the products will be sold in. The companies also signed a data agreement, with NYSE39;s parent company Intercontinental Exchange distributing Blockchain.com39;s crypto market data and analytics, while the crypto brokerage will use NYSE data in its app. Its a bet by both parties on where capital markets are heading, Blockchain.com said. Blockchainbased stock tokens rarely offer buyers the same rights as traditional equities, and the buyer typically does not become a shareholder in the underlying company, raising concerns about investor protection. Proponents say they enable more people to buy stocks and trade them outside of standard market hours. Blockchain.com, based in London and Dallas, has already started selling tokenised stocks to customers in Europe, but a spokesperson for the company... https://www.gurutrade.com/news/nyse-and-blockchain-com-to-explore-selling-tokenised-stocks-1790178028.html Wed, 23 Sep 2026 05:30:00 +0300 https://www.gurutrade.com/news/rba-pressure-on-asx-persists-as-clearing-shortcomings-remain-1790158659.html Sept 23 Reuters ASX39;s clearing and settlement facilities continue to fail to meet the central bank39;s expectations in several important areas, including governance and risk management, despite progress during the year, Reserve Bank of Australia said on Wednesday. The exchange operator has been under heightened regulatory scrutiny since abandoning its blockchainbased CHESS replacement project in 2022, following a series of operational disruptions that prompted regulators to demand improvements in governance, technology resilience, and risk controls. The RBA39;s 2026 assessment of the ASX clearing and settlement facilities found that one or more facilities only partly observed requirements relating to governance, comprehensive risk management, credit risk and operational risk. The RBA said it remained concerned that ASX39;s governance arrangements had not consistently given sufficient priority to the interests and obligations of the clearing and settlement facilities. Austraclear, ASX39;s debt securities settlement facility, was rated partly observed against operational risk standards, with the RBA saying further work was needed across the ASX clearing and settlement facilities to ensure critical services could be maintained during severe or prolonged disruptions. The RBA said ASX had established a Transformation Portfolio during the year to address the deficiencies, adding that the central bank had also set clear expectations over target outcomes, without... https://www.gurutrade.com/news/rba-pressure-on-asx-persists-as-clearing-shortcomings-remain-1790158659.html Wed, 23 Sep 2026 10:10:36 +0300 https://www.gurutrade.com/news/india-s-hero-motors-rebounds-post-debut-valued-over-400m-1790163506.html Sept 23 Reuters Shares of Hero Motors rose 6.5 on Wednesday after a subdued market debut, following the Indian auto parts maker39;s 104.2 million initial public offering. The stock opened at 82 rupees on the National Stock Exchange, a 2.4 discount to its IPO price of 84 rupees, before recouping losses to trade 6.5 higher at 89.11 rupees by 1015 a.m. IST. At that price, the company was valued at roughly 40.06 billion rupees 418.95 million. Here are the details Hero Motors, which counts BMW and Ducati among its clients, raised 10 billion rupees through the IPO, comprising a fresh issue of shares worth 6 billion rupees and a 4billionrupee offer for sale by existing shareholders. The IPO was subscribed 6.66 times overall, with qualified institutional buyers bidding for 1.49 times the shares reserved for them, while the noninstitutional and retail portions were subscribed 9.86 times and 8.23 times, respectively. The company had sought a valuation of about 38.15 billion rupees at the upper end of its IPO price band of 79 rupees to 84 rupees per share. Hero Motors makes automotive components and is led by Pankaj Munjal, whose family also runs Hero MotoCorp, India39;s largest twowheeler maker by volumes. The company plans to use proceeds to reduce debt and purchase equipment to expand a manufacturing facility in the northern Indian state of Uttar Pradesh. India39;s IPO market has regained momentum in the second half of 2026 after geopolitical... https://www.gurutrade.com/news/india-s-hero-motors-rebounds-post-debut-valued-over-400m-1790163506.html Wed, 23 Sep 2026 09:50:48 +0300 https://www.gurutrade.com/news/royal-caribbean-buys-3b-stake-in-resort-operator-sandals-1790155830.html Sept 23 Reuters Royal Caribbean Group said on Wednesday it had agreed to acquire a 50 stake in Caribbean resorts operator Sandals Resorts International for 3 billion, expanding the cruise company39;s presence in landbased vacation experiences. Royal Caribbean has been focused on broadening its landbased vacation offerings, including its Royal Beach Club private destinations and Perfect Day destinations, as cruise operators seek to capture a larger share of consumers39; overall travel spending. The deal, expected to close in early 2027, would add Sandals39; 20 resorts to Royal Caribbean39;s portfolio and broaden its exposure to travelers who prefer resort stays over cruises. Sandals, founded in 1981 by the late Gordon Butch Stewart, operates allinclusive resorts across the Caribbean under the Sandals and Beaches brands with properties in Jamaica, the Bahamas, Saint Lucia, Grenada, Barbados, and other destinations. Royal Caribbean Group said it has secured committed debt financing from Morgan Stanley to fund the investment. The Financial Times first reported this week that the deal could value Sandals at more than 6 billion, citing people familiar with the matter. Sandals has been the subject of speculation about a potential sale for nearly a decade. Reuters reported in 2017 that the company was exploring strategic alternatives, including a sale, citing people familiar with the matter. A board jointly led by Jason Liberty, chairman and CEO of Royal Caribbean Group,... https://www.gurutrade.com/news/royal-caribbean-buys-3b-stake-in-resort-operator-sandals-1790155830.html Wed, 23 Sep 2026 09:10:22 +0300 https://www.gurutrade.com/news/china-surveys-broadcom-switch-use-in-state-data-centers-ft-1790155225.html Sept 23 Reuters Chinese authorities are examining the use of Broadcoms hardware in statebacked data centres as part of a drive to boost domestic producers and reduce reliance on foreign AI infrastructure, the Financial Times reported Wednesday, citing people familiar with the matter. Amid rivalry with the US, China has sharpened its focus on technological selfsufficiency and supplychain resilience and provided particular support for smaller specialised companies it calls little giants. The Stateowned Assets Supervision and Administration Commission SASAC, which oversees stateowned enterprises, has spent recent weeks surveying how extensively Broadcom39;s switches are deployed across statecontrolled data centres, the report said. Reuters could not immediately verify the report. Broadcom and SASAC could not be immediately reached for comment outside regular business hours. The survey found that Broadcom switches could account for as much as 90 of the equipment in use, the report added. Based on those preliminary findings, SASAC may issue informal guidance directing staterun data centres to scale back their use of Broadcom switches as part of Beijing39;s domestic chips for domestic use campaign an effort to expand adoption of Chinesemade semiconductors and AI technology across the public sector, the newspaper reported. Broadcom, along with Nvidia and China39;s Huawei, sells highend switches within the country. Although Nvidia products have already been barred from... https://www.gurutrade.com/news/china-surveys-broadcom-switch-use-in-state-data-centers-ft-1790155225.html Wed, 23 Sep 2026 08:50:24 +0300 https://www.gurutrade.com/news/h-m-founding-family-builds-stake-amid-turnaround-struggles-1790154205.html 39;Sweden39;s slowest buyout39; as Perssons build stake Ramsbury Invest buys 36.8 million HM shares so far this year, filings show Retailer has struggled against Shein and Zara as consumers rein in spending Thirdquarter report due Thursday expected to show only modest sales growth STOCKHOLMLONDON, Sept 23 Reuters The billionaire family behind HM is quietly increasing its stake, fuelling speculation it could take the fastfashion retailer private as CEO Daniel Erver39;s turnaround efforts have so far failed to boost the shares or lift sales significantly. The Persson family39;s Ramsbury Invest holding company, primarily owned by Sweden39;s richest person Stefan Persson, has bought 36.8 million HM shares so far this year, regulatory filings show. Stefan Persson is the son of HM founder Erling Persson and the father of chairman KarlJohan Persson. The family and related entities owned more than 68 of HM39;s shares at the end of August, according to the company39;s website, up from 49.5 at the start of 2021. It is very difficult to view it any other way than that their strategy is to slowly buy out the company, said Sverre Linton, chief legal officer of the Swedish Shareholders39; Association, which represents small shareholders. You could call it Sweden39;s slowest buyout. Under Swedish rules, shareholders who own 90 of a company can compel the purchase of the remaining shares. Minority shareholders would be best served either by a successful turnaround that lifts... https://www.gurutrade.com/news/h-m-founding-family-builds-stake-amid-turnaround-struggles-1790154205.html Wed, 23 Sep 2026 08:30:54 +0300 https://www.gurutrade.com/news/cnn-cbs-oversight-board-will-be-toothless-experts-warn-1790156750.html Settlement to let Paramount close 110 billion Warner Bros buyout Board to be established within 180 days after merger closes Filings leave board39;s binding powers, investigative role unclear Sept 22 Reuters David Ellison is set to take control of two of the biggest news organizations in the US after his Paramount Skydance completes its takeover of Warner Bros Discovery, giving him wide influence over the news media landscape. But experts warn his promise of editorial independence for CNN and CBS News is a hollow one. Ellison agreed to create an editorial independence board to oversee CNN and CBS as part of Monday39;s settlement with a coalition of 12 US states and a Hollywood writers39; union. The group will be made up of five veteran journalists, to establish guiding editorial and journalism principles for the combined entity39;s news channels, according to the agreement. Skepticism abounds. Genuine oversight of a news organization is provided by its editors and owners. If they are not committed to doing things honorably themselves, nobody they appoint and pay can possibly be expected to do it for them, said Dan Gillmor, a retired journalist and educator. Of course the board will be toothless, he said. Notably, the board, whose members will be appointed and paid by the combined entity, is not explicitly granted investigative oversight and the binding nature of its decisions is unclear, leaving final authority in the hands of Ellison. Some of CNN39;s current... https://www.gurutrade.com/news/cnn-cbs-oversight-board-will-be-toothless-experts-warn-1790156750.html Wed, 23 Sep 2026 07:40:36 +0300 https://www.gurutrade.com/news/eu-pharma-urges-faster-trials-more-funds-to-match-us-china-1790099465.html Open letter calls for faster clinical trials, IP protection and fiscal flexibility Drugmakers urge Europe to boost industry capital and access LONDON, Sept 22 Reuters European drugmakers called for beefedup government spending on medicines, faster trials and IP protections as they sounded warnings on Tuesday that the continent39;s pharmaceutical industry risks losing out to the United States and China. Cashstrapped European governments have been under pressure for some time from lobby groups and drugmakers to rethink how they attract, nurture, value and pay for innovative medicines to avoid falling behind in an increasingly competitive world. Chairs of nine drugmakers including AstraZeneca, GSK, Novo, Novartis, Roche, Sanofi called on the European Union and member states to boost investment in the industry. The other signatories were the chairs of Boehringer Ingelheim, Chiesi and Ipsen. Europe39;s alarm bells are ringing ... without urgent action, strategic sectors like pharmaceuticals face a 39;slow agony39; of decline, they said in an open letter published on their companies39; websites calling for more fiscal flexibility on healthcare spending. European governments must create conditions that attract investment in nextgeneration medicines before it39;s too late. The chairs said about 40 of new therapies never reach European patients, adding that the bloc39;s share of global drug research and development had fallen to 31 from 43 in 1990. Its share of... https://www.gurutrade.com/news/eu-pharma-urges-faster-trials-more-funds-to-match-us-china-1790099465.html Tue, 22 Sep 2026 04:50:52 +0300 https://www.gurutrade.com/news/goldman-appoints-simon-lyons-uk-investment-banking-co-head-1790101854.html Sept 22 Reuters Goldman Sachs has appointed Simon Lyons as cohead of UK investment banking, a spokesperson for the US bank confirmed. Lyons will join as a partner alongside cohead Nimesh Khiroya. Previously cohead of Europe for Ardea Partners and a founding partner at PJT Partners, Lyons will be based in London and is expected to join later this year, they said. The banker joins at a time when the US bank has stretched out its market share lead in UK and European dealmaking. Goldman Sachs ranks top for UK MA so far this year with 175 billion in value from 69 deals, according to LSEG data. In the UK, it advised Unilever Foods in its merger with McCormick, Tate Lyle on its takeover by Ingredion and Zurich on its takeover of Beazley. By the summer, Goldman Sachs had grown its share of mergers and acquisitions advisory work involving Europe, the Middle East and Africa in the first half of 2026, capturing the biggest slice of the market in the period for nearly a decade, LSEG data showed. He spent the earlier part of his career at UBS where he was head of UK MA. Goldman has made a number of senior hires in Europe recently including David Benichou, who joined in 2026 from Morgan Stanley as cohead of investment banking for France, Belgium, and Luxembourg, Carsten Woehrn, who joined in 2024 from JPMorgan as cohead of European MA, along with Philippe Gallone, who joined in 2024 from Moelis as head of healthcare for Europe, Middle East and Africa. Lyons was an adviser to... https://www.gurutrade.com/news/goldman-appoints-simon-lyons-uk-investment-banking-co-head-1790101854.html Tue, 22 Sep 2026 04:30:46 +0300 https://www.gurutrade.com/news/kingfisher-raises-annual-profit-outlook-after-strong-h1-1790106157.html Firsthalf profit up 9.9, ahead of analysts39; expectations Won market share at Screwfix, in Poland and Spain Forecasting fullyear profit of 595635 million Shares up 8.8 LONDON, Sept 22 Reuters European home improvement retailer Kingfisher raised its fullyear profit forecast on Tuesday after delivering a betterthanexpected 9.9 increase in its first half, driven by market share gains in the UK, Poland and Spain. Shares in the FTSE100 listed group, which owns BQ and Screwfix in the UK and Castorama and Brico Depot in France and other markets, jumped 8.8 after the results, extending gains over the last year to 32. Kingfisher said strong sales growth at Screwfix in Poland and Iberia, driven by trade and ecommerce initiatives, product innovation and seasonal categories, was partly offset by lower sales at BQ and Brico Dépôt France. Total sales, including through its marketplace, increased 1.6 to 7.1 billion 9.48 billion over the six months to July 31, while underlying likeforlike sales rose 0.3. The group made an adjusted profit before tax of 404 million, helped by gross margin expansion of 70 basis points, cost control and a 14 million business rates refund. RESILIENT DOITYOURSELF TRENDS We see potential for DIY trends to be fairly resilient, helped by consumers looking to save money and to improve their homes, analysts at RBC Europe said. Kingfisher is now forecasting a year to endJanuary 2027 adjusted profit before tax of 595 million to 635 million, versus... https://www.gurutrade.com/news/kingfisher-raises-annual-profit-outlook-after-strong-h1-1790106157.html Tue, 22 Sep 2026 04:10:15 +0300 https://www.gurutrade.com/news/tui-narrows-2026-operating-profit-outlook-1790103565.html 2026 underlying EBIT expected to be 1.2 billion to 1.3 billion euros TUI says strong demand continues into fourth quarter TUI suspended revenue guidance in March because of Iran war impact Sept 22 Reuters Germany39;s TUI narrowed its outlook for 2026 underlying operating earnings on Tuesday, saying war in the Middle East meant customers were making later bookings, although demand was strong into the fourth quarter. Shares in TUI, Europe39;s largest tour operator, were down 1.93 at 0805 GMT, underperforming the wider DAX. Jet fuel prices have surged as a result of the disruption linked to the U.S.Israeli war on Iran and airlines have struggled to pass on increased costs, while customers are more hesitant about making travel plans. Early indications for the new winter season point to a continuation of the later booking environment against the backdrop of ongoing geopolitical and economic uncertainty, the company said in a statement. Analysts pointed to increased forward bookings in recent weeks. Booked capacity for the core markets in Germany and Britain was up 1 since TUI39;s last results report on August 12, although overall reservations across segments were down compared to last year, according to the results. TUI, which runs cruise ships, airlines and hotels, cut its profit forecast and suspended its revenue guidance in March in response to the impact of the Iran war, which began at the end of February. The travel group expects annual underlying earnings... https://www.gurutrade.com/news/tui-narrows-2026-operating-profit-outlook-1790103565.html Tue, 22 Sep 2026 02:50:08 +0300 https://www.gurutrade.com/news/pe-foreign-investors-fuel-aussie-m-a-activity-in-2026-1790081630.html September 22 Australian companies have attracted a wave of takeover interest from private equity firms and overseas investors so far in 2026, although only a limited number of those approaches have advanced beyond the preliminary stages. Here are some Australian companies that have received takeover approaches this year Atlas Arteria Australia39;s Atlas Arteria received a takeover offer from IFM Global Infrastructure Fund in April for all the shares the fund did not own at the time, valuing the former at A6.89 billion 4.91 billion. The fund39;s unit, Diamond Infraco 1, also dangled a potential sweetener for shareholders of the toll road operator at the time, saying the offer price would rise to a maximum A5.10 per share if it secured a 45 or higher stake in the company before the offer closed. BlueScope Steel Australia39;s BlueScope Steel received a A13.15 billion 9.37 billion takeover proposal in early January from an investor group comprising billionaire Kerry Stokesowned SGH and USbased Steel Dynamics. In late February, the steel producer spurned the offer, saying the price was not sufficient for the board to recommend a scheme of arrangement, but left the door open for further talks. Cleanaway Waste Management Australia39;s Cleanaway Waste Management received a A9.4 billion 6.70 billion takeover offer from EQT Infrastructure in midAugust and granted it exclusive due diligence, the company said. EQT Infrastructure is managed by Swedish investment firm EQT.... https://www.gurutrade.com/news/pe-foreign-investors-fuel-aussie-m-a-activity-in-2026-1790081630.html Tue, 22 Sep 2026 02:30:05 +0300 https://www.gurutrade.com/news/india-s-nse-ipo-draws-over-10b-as-traders-eye-modest-pop-1790087455.html NSE IPO receives bids for 5.71 times the 88.64 million shares on offer Institutional buyers drive demand, bidding for 12.68 times the reserved shares Traders anticipate a 2 to 5 gain on trading debut Sept 21 Reuters The National Stock Exchange of India39;s IPO drew more than 10 billion by the final day of bidding on Monday, as investors look to tap into a boom in public listings in Asia39;s thirdlargest economy. The 2.3 billion IPO, the country39;s biggest after Hyundai Motor India39;s 3.3 billion offering, received bids for 505.81 million shares, 5.71 times the 88.64 million shares on offer after three days of bidding, exchange data showed. NSE shares will likely begin trading on Thursday, marking the culmination of a decadelong effort by Indias biggest stock exchange operator to enter public markets. The IPO comes at a time when India39;s primary market is picking up, with billionaire Mukesh Ambani39;s Jio Platforms likely to list later this year in what could be the country39;s biggestever stock offering. Qualified institutional buyers led demand at the NSE IPO, bidding for 12.68 times the number of shares set aside for them. Noninstitutional and retail investor portions were subscribed 6.55 times and 1.39 times, respectively. The strong institutional demand signals investors39; willingness to look past a recent slowdown in the derivatives segment and bet on longterm growth prospects for the Indian capital market, analysts said. India39;s largest bourse has a... https://www.gurutrade.com/news/india-s-nse-ipo-draws-over-10b-as-traders-eye-modest-pop-1790087455.html Tue, 22 Sep 2026 10:50:23 +0300 https://www.gurutrade.com/news/porsche-s-decline-from-crown-jewel-to-millstone-for-vw-1790067537.html Volkswagen cuts 2026 margin forecast to 1 at best Profit warning triggered largely by Porsche weakness Concerns over former profit drivers China and US Groupwide overhaul targets 9 margin and sweeping cuts BERLINFRANKFURT, Sept 21 Reuters Long Volkswagen39;s most reliable profit driver, luxury sports car maker Porsche has become its biggest problem, creating a road bump for CEO Oliver Blume39;s restructuring plans at Europe39;s biggest carmaker. Less than four years after its record listing, Porsche has turned into a poster child for the broader group39;s woes, dethroned in the oncelucrative Chinese market and bruised from costly missteps in the transition to electric. With thousands of workers protesting against cuts at car plants across Germany on Monday, the crisis goes beyond Porsche and the rest of the sprawling Volkswagen empire, reflecting how Germany39;s car sector is being squeezed by Chinese rivals and US tariffs. 39;NEGATIVE SIGNAL39; AND 39;FRAGILE SITUATION39; Volkswagen issued its latest profit warning on Friday, tying it to a 6 billion 6.9 billion writedown on its 75 stake in Porsche only weeks after agreeing heavy job cuts in the biggest restructuring of the group39;s 89year history. Ingo Speich of top10 Volkswagen investor Deka said it was a very negative signal so soon after the restructuring breakthrough. The situation remains very fragile, and visibility is very limited. It remains to be seen whether the announced restructuring measures... https://www.gurutrade.com/news/porsche-s-decline-from-crown-jewel-to-millstone-for-vw-1790067537.html Tue, 22 Sep 2026 10:10:56 +0300 https://www.gurutrade.com/news/alibaba-shares-jump-5-on-new-ai-chip-upgraded-model-1790075046.html Alibaba plans model with 5 trillion to 10 trillion parameters Unveils New Zhenwu V900 AI chip Targets data centre capacity of 20GW by 2032 BEIJING, Sept 22 Reuters Alibaba Group said on Tuesday it was developing an AI model up to four times larger than the company39;s flagship model and unveiled a nextgeneration AI chip it called China39;s most powerful, sending shares up 5. The launch comes as Chinese technology companies race to develop domestic alternatives to Nvidia39;s AI processors amid tightening US export curbs. The announcements at Alibaba Cloud39;s annual Apsara conference in the eastern city of Hangzhou underscore the Chinese technology giant39;s push to build out every layer of its AI business. These efforts range from foundation models and semiconductors to data centres needed to train and deploy increasingly powerful AI systems. The truly groundbreaking products of the Machine Intelligence era have not yet arrived, however, said Chief Executive Eddie Wu, hailing the dawn of an era of comparable to the Industrial Revolution. He predicted machines would eventually produce more than 1,000 times the thinking of all humanity, up from less than 3 today. NEW MODEL PLANNED WITH 5 TRLN TO 10 TRLN PARAMETERS Wu said Alibaba39;s Qwen team plans to train a new model with 5 trillion to 10 trillion parameters, to tackle more complex, longerhorizon tasks as it pursues an artificial superintelligence, or one that surpasses human capabilities. Alibaba39;s... https://www.gurutrade.com/news/alibaba-shares-jump-5-on-new-ai-chip-upgraded-model-1790075046.html Tue, 22 Sep 2026 09:10:23 +0300 https://www.gurutrade.com/news/drug-developer-adarx-seeks-1-74-billion-valuation-in-us-ipo-1790063127.html Reuters ADARx Pharmaceuticals, which develops RNAbased drugs for rare diseases, said on Monday that it was targeting a valuation of up to 1.74 billion, as it joins a wave of biotech companies planning for a US IPO. Drugmaker AbbVie has agreed to invest up to 100 million in a concurrent private placement, which would give it a roughly 4.9 stake postIPO, ADARx said. AbbVie had paid the company 335 million in May 2025 for a research collaboration. The investment provides external validation of ADARx39;s technology, said IPOX Research Associate Lukas Muehlbauer. ADARx39;s experimental drugs target diseases related to immunity, kidney, cardiovascular and neurological systems. Three of its programs are in clinical testing and two in advanced preclinical development. The company39;s most advanced candidate, onvuzosiran, is in latestage testing for hereditary angioedema, a rare genetic disorder that causes sudden swelling attacks. San Diegobased ADARx, founded in 2019, is aiming to raise up to 371.9 million by offering 21.9 million shares priced between 15 and 17. BIOTECH MOMENTUM CONTINUES The IPO comes even as a sharp rise in Treasury yields and higher interest rates have nudged some prospective issuers to the sidelines, although biotech offerings have broadly rebounded from yearago levels. Drug developers Retension Pharmaceuticals and TRex Bio filed for their listings on Friday while Electra Therapeutics debuted in the market after raising 350 million in an upsized... https://www.gurutrade.com/news/drug-developer-adarx-seeks-1-74-billion-valuation-in-us-ipo-1790063127.html Tue, 22 Sep 2026 07:30:27 +0300 https://www.gurutrade.com/news/amd-joins-1tn-club-as-chipmakers-rally-on-ai-driven-demand-1790006978.html AMD becomes fourth US chipmaker to top 1 trillion valuation AMD share price has nearly tripled this year Philadelphia chip index gains 2.7 to hit a onemonth high Sept 21 Reuters Advanced Micro Devices soared past 1 trillion in market capitalization for the first time on Monday, joining a small group of chipmakers to reach the milestone, as investors bet on its expanding role in AI computing. AMD shares were last up 9.6 at 613.31, scaling a record high. The milestone caps a stellar rally for the Santa Clara, Californiabased company, regarded as the closest rival to AI bellwether Nvidia for graphics processing units. It becomes only the fourth US chipmaker to top a 1 trillion valuation, after Nvidia, Broadcom and Micron. Nvidia crossed the mark in 2023 and is now the world39;s most valuable company, worth more than 5 trillion. Money is moving back into the AI trade, said Thomas Hayes, chairman at Great Hill Capital LLC in New York. Enthusiasm for chipmakers cooled in recent months as markets scrutinized AI spending by hyperscalers. Higher oil prices linked to the USIran conflict and expectations of higherforlonger interest rates added to the pressure. But now investors believe AI is the only area that can work in a Federal Reserveinduced economic slowdown, Hayes said. AMD is representative of that. Most chip stocks surged on Monday, with AMDrival Intel jumping around 11.8 and Qualcomm rising 4.5. The broader chips index gained 2.7 to an over onemonth high.... https://www.gurutrade.com/news/amd-joins-1tn-club-as-chipmakers-rally-on-ai-driven-demand-1790006978.html Mon, 21 Sep 2026 05:30:01 +0300