Oil major BP completes search for chair after boardroom upheaval
Britain's BP on Wednesday formally appointed Ian Tyler as chair after the surprise dismissal of his predecessor Albert Manifold contributed to leadership upheaval at the oil major.
Business
China's Xi keeps Iranian president at arm's length weeks ahead of Trump summit
China's President Xi Jinping gave his Iranian counterpart Masoud Pezeshkian a brief, low-profile audience at a regional security summit, signaling Beijing's calibrated approach toward Tehran just weeks ahead of Xi's pla…
UK 10-year borrowing costs hit fresh highs as bond market sell-off continues – business live
Newsflash: UK government borrowing costs have jumped at the start of trading, as the bond market sell-off continues.
Market Valuation: Expensive CAPE or Cheap PEG?
The S&P 500’s Shiller CAPE ratio just hit 41. Since 1881, the market valuation has been more expensive under CAPE only once. That was during the final months of the dot-com bubble. At the same time the CAPE is ringing w…
Global bond sell-off intensifies as US-Iran tensions stoke inflation fears
The global government bond sell-off resumed on Wednesday, driving up the UK’s borrowing costs and exacerbating the challenges facing John Healey as he prepares his first budget.
GitLab stock soars after Q2 revenue jumps 21% as AI demand drives bookings
Gitlab GTLB shares have plunged 34.8% in the trailing six-month period, underperforming the broader Zacks Computer & Technology sector’s rise of 7.9% and the Zacks Internet - Software industry’s decline of 22.4%. The un…
AI capital expenditure forecast to exceed the cost of building railways in both the U.S. and the U.K. — with the internet added on top
How could the macroeconomic realities in 2026 impact the banking and capital markets industry’s revenues and profitability?
Australia posts second-quarter growth of 2.1%, beating expectations
Australia's economic growth beat expectations in the second quarter, expanding 2.1% year on year, data released Wednesday showed.
Corn Rally Extends to Tuesday
Corn futures posted gains of 6 to 8 ¾ cents across most contracts on Tuesday, extending to new highs. There were another 187 deliveries issued against September corn overnight. The CmdtyView national average Cash Corn p…
Hogs Holding Steady on Tuesday
Lean hog futures are trading with contracts up a dime to down a nickel in the front months on Tuesday’s midday. USDA’s national base hog price was reported at $89.64 on Tuesday morning, up 99 cents from the day prior. T…
Crude Prices Surge on Escalation of US-Iran Hostilities
October WTI crude oil (CLV26 ) closed up +4.46 (+5.20%) on Tuesday, and October RBOB gasoline (RBV26 ) closed up +0.0581 (+1.89%). Crude oil and gasoline prices surged on Tuesday, with crude oil posting a 6-week high. C…
Cotton Falls Back Lower on Turnaround Tuesday
Cotton posted Turnaround Tuesday losses of 115 to 169 points at the Tuesday close. Crude oil was $4.92 per barrel higher on the day, with the US dollar index up $0.235.
Dell’s AI servers drive a stellar earnings performance, and a raised outlook
The company’s backlog has reached $95 billion as demand accelerates for its AI servers
Japanese green tea giant Ito En surges 8%, defying a broad market sell-off
Shares of Japanese beverage maker Ito En surged more than 8% Wednesday, following its fiscal first-quarter results, bucking a broader drop in the country's stocks.
Australia Q2 GDP beats forecast, but growth remains subdued
Next week's highlights include: China Politburo Meeting (TBC), Fed Policy Announcement (Wed), BoC Minutes (Wed), Australian CPI (Wed), BoE Policy Announcement (Thu), EZ GDP (Thu), US PCE (Thu), US GDP Advance (Thu), BoJ…
Bathurst FY26 slides: EBITDA hits guidance as growth projects advance
FY26 EBITDA reached NZD $45 million, with strong cash reserves and stable operations. Key growth projects in New Zealand and Canada are advancing, with Buller and Tenas targeting production in 2028 and 2029. FY27 EBITDA…
Dell stock jumps after hours as soaring AI server demand prompts guidance raise
Dell Technologies (DELL) delivered a fiscal first-quarter report that stunned Wall Street, sending its shares soaring as much as 38% in extended trading. The Round Rock, Texas-based company posted revenue of $43.8 billi…
Trump says U.S. is not forcing Iran to negotiate after fresh round of strikes
President Donald Trump said he was "not trying to force Iran to the bargaining table," as U.S. forces completed a fresh round of strikes against the Middle Eastern country on Tuesday stateside.
Stocks Settle Lower as Bond Yields Surge
The S&P 500 Index ($SPX ) (SPY ) closed down by -0.71% on Tuesday, the Dow Jones Industrial Average ($DOWI ) (DIA ) closed down by -0.79%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed down by -1.29%. E-mini S&P futur…
China dissented from G20 statement opposing 'cheap exports' flooding market, Bessent says
China was the only Group of 20 member to dissent from a joint statement that "non-market based economies pushing out a never-ending stream of cheap exports is not sustainable," Treasury Secretary Scott Bessent said Tues…
Palo Alto CEO says $1 trillion of cybersecurity infrastructure isn’t ready for AI
Palo Alto Networks CEO Nikesh Arora said Tuesday that AI is forcing companies to overhaul roughly $1 trillion of aging cybersecurity infrastructure built for a pre-AI world.
This could be the 10-year Treasury’s tipping point into the danger zone
Editor's Note: As U.S. Treasury yields approach the sensitive 5% threshold, global risk assets are coming under pressure. This article opens with the bond market completing the first act of the narrative, then shifts fo…
U.S. strikes Iran after new Hormuz Strait shipping attacks: Centcom
The U.S. military launched new strikes against Iranian targets around the Strait of Hormuz on Tuesday, U.S. Central Command said in a social media post, after a pair of oil tankers came under attack in the critical ship…
Wheat Sticking Close to Unchanged on Tuesday Morning, but Falling from Highs
Wheat is starting out September with contracts mixed, but holding withing a few cents of unchanged. Futures are at least 10 to 15 cents off the overnight highs. The wheat complex is facing some month end pressure to clo…