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Rolling coverage of the latest economic and financial newsOnly seven new petrol-powered cars sold in Norway in JanuarySilver is also looking very volatile.The spot price of silver tumbled by 19% yesterday, hot on the heels of its 27% plunge on 30 January. Continue reading…
Software sell-off deepens amid AI fears in ‘echoes of dot-com crash’ – business live Read More »
Rolling coverage of the latest economic and financial newsIn the insurance world, Zurich appears to have won its battle to aquire smaller rival Beazley after increasing its offer price.The two companies have told the City this morning they’ve reached “agreement in principle” on the key financial terms of a possible recommended cash offer, which values
Software stock sell-off goes global amid fears over AI-led disruption – business live Read More »
World’s richest person targeting symbolic date in June for flotation of rocket companyElon Musk’s SpaceX is considering a flotation valuing the rocket company at $1.5tn (£1.1tn) that will reportedly be timed for early summer to coincide with a planetary alignment and the multibillionaire’s birthday.The world’s richest person is targeting a symbolic date of mid-June for
SpaceX mulls $1.5tn IPO timed to ‘align with Musk’s birthday and the planets’ Read More »
US aerospace tech company reportedly held talks last year over private share sale that values business at $800bnElon Musk’s SpaceX is reportedly lining up four Wall Street banks to help the company list on the stock market as investors prepare for an expected rush of US tech listings.SpaceX is considering Bank of America, JP Morgan,
SpaceX lines up Wall Street banks as Musk eyes blockbuster IPO Read More »
OpenAI, Anthropic, SpaceX and Stripe are rumoured to be among ten of the biggest companies considering IPOsYou’ve probably heard of “unicorns” – technology startups valued at more than $1bn – but 2026 is shaping up to be the year of the “hectocorn”, with several US and European companies potentially floating on stock markets at valuations
The year of the ‘hectocorn’: the $100bn tech companies that could float in 2026 Read More »
Progress of artificial general intelligence could stall, which may lead to a financial crash, says Yoshua Bengio, one of the ‘godfathers’ of modern AIWill the race to artificial general intelligence (AGI) lead us to a land of financial plenty – or will it end in a 2008-style bust? Trillions of dollars rest on the answer.The
‘We could hit a wall’: why trillions of dollars of risk is no guarantee of AI reward Read More »
Some experts have voiced fears a tech meltdown could hit our savings and pensions – here’s how to protect yourselfThe new year has started as 2025 ended – with share prices booming amid warnings from some that the growth is being driven by overvalued technology stocks. Fears of an “AI bubble” have been voiced by
AI bubble: five things you need to know to shield your finances from a crash Read More »
Analysts and investors voice caution about tech valuations and Trump’s influence on the US central bankInvestors expect global stock markets to keep rising in 2026, despite fears that the AI bubble could burst, and anxiety about chaos engulfing the US central bank.Wall Street strategists broadly expect the S&P 500 share index of US-listed companies to
From the AI bubble to Fed fears: the global economic outlook for 2026 Read More »
Elon Musk’s net worth increased by nearly 50% to $645bn with founders of Google and Amazon also seeing huge wealth gainsA stock market boom in artificial intelligence companies has added more than half a trillion dollars to the wealth of America’s tech barons in the past year, data shows.The top 10 US founders and bosses
AI boom adds more than half a trillion dollars to wealth of US tech barons in 2025 Read More »
Should we be worried about the vast amounts of money pouring into AI? And what will happen if the bubble bursts? Blake Montgomery reportsFor months there have been fears that artificial intelligence is a bubble and that it is about to burst.As the Guardian US tech editor Blake Montgomery explains, the magnificent seven – Alphabet,
