European shares look poised to open lower on Wednesday, as investors react to a suggestion from Federal Reserve Chair Jerome Powell that equities are "fairly highly valued."London's FTSE 100 is expected to open 0.2% lower, according to IG, while the German DAX and France's CAC 40 are slated to shed 0.3% and 0.4%, respectively.Overnight in Asia, shares broadly moved lower, while U.S. stock futures were flat in the early hours of Wednesday morning.Global markets were rattled after Federal Reserve Chair Jerome ...

Alibaba's Hong Kong-listed shares surged on Wednesday to reach their highest point since 2021 after the company said it will invest more in artificial intelligence and rolled out new AI products and updates. Shares of the company jumped over 6%, while its total gains year to date rose above 107%. The tech giant plans to increase spending on AI models and infrastructure development, on top of the 380 billion yuan ($53 billion) over three years it announced in February, Chief Executive Officer Eddie Wu said W ...

Asia-Pacific markets fell Wednesday, tracking Wall Street declines after U.S. Federal Reserve Chair Jerome Powell said that "equity prices are fairly highly valued."Powell also signaled that the rate-cutting path wasn't clear and that the central bank faces a "challenging situation."Australia's ASX/S&P 200 lost 0.61%. Japan's benchmark Nikkei 225 slipped 0.33%, while the Topix lost 0.35%.The Reserve Bank of New Zealand announced Tuesday that Anna Breman would be the new governor of the central bank, marking ...

Gregg Donovan and Dandidi or "Hollywood Harlequin" display signs at the El Capitan Entertainment Centre, where "Jimmy Kimmel Live!" is recorded to celebrate the show's return on Hollywood Boulevard in Los Angeles, California, U.S. on Sept 23, 2025."Jimmy Kimmel Live!" returns to air Tuesday night, roughly one week after the late night show was suspended by Disney's ABC broadcast network.The program was initially pulled "indefinitely" following comments by host Kimmel during a show monologue that criticized ...

Group 1 - OpenAI and Oracle are launching the $500 billion Stargate program, focusing on infrastructure to support AI development [1][3] - The Abilene, Texas data center is a significant development in the global demand for AI infrastructure, with over $2 trillion planned worldwide [2] - OpenAI's partnership with Nvidia is expected to add approximately $500 billion in data center investments in the coming years [3] Group 2 - The Abilene site has one operational building and another nearing completion, with the potential to exceed a gigawatt of capacity, enough to power around 750,000 U.S. homes [4] - The scale of the project is crucial to meet the compute demands of OpenAI's models, as there is currently a significant compute shortage in the industry [5] - OpenAI's finance chief emphasized the growing recognition of the scale required for AI infrastructure, indicating that similar projects will emerge across the U.S. and beyond [5]

A person walks by a sign for Micron Technology headquarters in San Jose, California, on June 25, 2025.Micron reported better-than-expected earnings and revenue on Tuesday as well as a robust forecast for the current quarter.The stock rose in extended trading.Here's how the company did in comparison with the LSEG consensus:Earnings per share: $3.03, adjusted, vs. $2.86 expectedRevenue: $11.32 billion vs. $11.22 billion expectedMicron said revenue in the current period, its fiscal first quarter, will be about ...

Google-owned YouTube on Tuesday said it will soon allow previously banned accounts to apply for reinstatement, rolling back a policy that had treated violations as permanent.The change applies to channels removed for posting Covid-19 or election-related misinformation, according to a letter from Alphabet lawyer Daniel Donovan to House Judiciary Chair Jim Jordan, R-Ohio. Previously those types of offenses carried lifetime bans."Today, YouTube's Community Guidelines allow for a wider range of content regardin ...

Disney on Tuesday unveiled price increases for its streaming subscription packages beginning Oct. 21.The standalone Disney+ ad-supported plan will see a $2 increase to $11.99 per month, while the premium no-ads plan will jump $3 to $18.99 per month or get a $30 annual hike to $189.99 per year.The Disney+ and Hulu ad-supported package will increase by $2 per month, and both of the bundles with Disney+, Hulu and ESPN will see a $3 monthly increase. The packages with Disney+, Hulu and HBO Max will also both in ...

U.S. Federal Reserve Chair Jerome Powell speaks during a press conference following the issuance of the Federal Open Market Committee's statement on interest rate policy, in Washington, D.C., U.S., Sept. 17, 2025.Federal Reserve Chair Jerome Powell on Tuesday noted that asset prices, a category that typically includes stocks and other risk instruments, are at elevated levels.During a speech in Providence, Rhode Island, the central bank leader was asked how much emphasis he and his colleagues place on market ...

Eli Lilly on Tuesday said it will spend $6.5 billion to build a manufacturing facility in Houston, Texas, to boost production of the company's pipeline of so-called small molecule drugs, including its closely watched experimental obesity pill. It is the second in a string of new planned U.S. investments by the drugmaker. Eli Lilly announced in February that it would spend at least $27 billion to build four new domestic manufacturing plants, adding to $23 billion in previous investments since 2020. Eli Lilly ...