Why is OpenAI shutting down Sora just months after launch?
OpenAI is closing down its video generation platform Sora just months after its launch, marking a sharp shift in priorities at the company behind ChatGPT. The move comes as OpenAI…
Stock
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Hang Seng Index is rising today: is this a bull trap or start of a rally?
The Hang Seng Index jumped by 1.4% on Tuesday as global stocks soared after the latest developments on the ongoing Iran war. It jumped to H$ 24,630 from this week’s…
Can Iran trigger a US bond market shock? Wall Street is on edge
The global stock markets are already reeling with the escalation of war in the Middle East, and Iran’s latest warnings exacerbated those tensions. Iranian Parliament Speaker Mohammad Bagher Ghalibaf said…
Iran war, credit crunch, and AI: inside the global market meltdown
It’s only March, and investors have already absorbed a hot war in the Middle East, a credit system showing cracks, a brutal tech repricing, and two of the world’s most…
S&P 500 down 1.5%, Dow Jones slip 400 points as Iran conflict lifts oil
US stocks closed sharply lower on Friday, as escalating tensions in the Middle East and surging oil prices weighed on investor sentiment and raised concerns about inflation and interest rates.…
Nifty 50 Index forms a death cross as Bajaj, Tata Motors, HDFC shares tumble
The Nifty 50 Index remains in a deep sell-off this week as concerns about the Indian economy face major challenges amid the ongoing Iran war. It dropped to INR 22,940…
HSBC share price outlook as it eyes another round of layoffs
The HSBC share price has slumped and moved into a correction after falling by 12% from its highest point this year. It has dropped to 1,210p, mirroring the performance of…
Asian markets climb as oil dips, Fed decision keeps traders cautious
Asian markets opened broadly higher on Wednesday, extending the rebound from the brutal previous week as investors took their cue from another positive session on Wall Street. The MSCI Asia-Pacific…
Why Bright Smart stock surged over 82% on Ant Group deal?
Bright Smart stock (HKG: 1428) surged over 82% on Tuesday after Ant Group said it had completed the required mainland Chinese reporting procedures for the acquisition. The announcement removes a…
Asian markets mixed as China growth surprise meets Iran war fears
Asian markets opened largely lower on Monday as the shadows of the Iran war and high oil prices continued to weigh on the sentiment. The shipping disruptions in the critical…