Marvell Technology and Flex will join the S&P 500 on June 22, replacing Pool Corp and The Campbell's Company, highlighting the tech sector's growing importance.
The UK government will provide £1.3bn in funding to help Universal build its first European theme park near Bedford. The investment aims to create tens of thousands of jobs and unlock significant economic growth.
Russian businesses are increasingly leveraging Thailand's position as a logistics and manufacturing hub to access Southeast Asian markets. This strategic shift involves exporting higher added-value products like food, chemicals, technology, and digital solutions, capitalizing on Thailand's growing tech sector and digitalization efforts.
China's computing hardware exports, driven by global AI demand, doubled in April to $31.09 billion, giving Beijing strategic leverage ahead of President Trump's visit with US tech executives.
Analyst Michael van de Poppe suggests Bitcoin can reclaim the $100,000 level through market mechanics rather than specific news catalysts, as attention shifts away from AI-driven tech stocks.
Infosys slipped out of India's top 10 most valued companies on Monday, closing with a market capitalisation of just over Rs 4.7 lakh crore, ranking 11th behind LIC. TCS, once the second-most valued company, now ranks sixth with a market cap of Rs 8.9 lakh crore. The shifts are driven by AI-led disruptions challenging business models of India's software exporting majors, as IT stocks witnessed sharp sell-offs while the Sensex closed 639 points up at 77,304.
Anthropic's valuation has surged to $800 billion (€678.3bn), matching rival OpenAI, driven by enterprise adoption and a $30 billion revenue run-rate. The San Francisco-based AI developer is preparing for a potential IPO next autumn amid industry debate over growth versus responsible scaling. Its Mythos model has drawn both praise for efficiency and warnings from financial and military leaders about security risks, including concerns from JPMorgan CEO Jamie Dimon about potential cyber-attack capabilities.
