Articles by Daniel Marsh
Bloom Energy Added to Bloomberg 500 Index Amid Stock Decline
Bloom Energy will be included in the Bloomberg 500 Index starting March 12. The company's stock declined nearly 4% in Thursday trading, while it forecasts significant revenue growth driven by data-center power demand.
Indian Equities Rebound on Reliance, Metals Surge; Rupee Firms
Indian stock indices snapped a three-day losing streak, climbing over 1% on Thursday. Gains were led by Reliance Industries and metal stocks, while the rupee firmed after central bank action.
Booking Holdings Soars on OpenAI's Strategic Pivot Away from Direct Chatbot Commerce
Booking Holdings shares jumped sharply after reports indicated OpenAI is pulling back from developing a native checkout feature within ChatGPT, reducing perceived competitive threats to established travel platforms.
Oil Volatility Tests AI Memory Stocks as Sandisk Swings on Gulf Tensions
Sandisk shares fell 0.6% in early Thursday trading following sharp intraweek swings, as escalating U.S.-Israeli conflict with Iran disrupts oil shipping and revives inflation fears that could pressure tech budgets.
Nu Holdings Secures Inter Miami Stadium Naming Rights Amid U.S. Bank Charter Push
Nu Holdings has secured naming rights for Inter Miami CF's new Miami Freedom Park stadium, branding it 'Nu Stadium' as the company pursues a U.S. national bank charter. The 26,700-seat venue opens April 4, with jersey branding starting in August.
UK Auto Market Hits 22-Year February High, But EV Adoption Lags Mandate
UK new car registrations reached a 22-year high for February, climbing 7.2% to 90,100 units. However, battery-electric vehicle adoption at 24.2% remains significantly below the 2026 regulatory target of 33%.
NIO Weekly Orders Hit 2026 Peak, Shares Rally on Demand Surge
NIO's weekly new orders in China climbed to roughly 3,500 units in early March, marking the strongest weekly figure of 2026, according to Deutsche Bank channel checks. The EV maker's February deliveries rose 57.6% year-over-year to 20,797 vehicles.
KOSPI Soars 10% on $68B Rescue, Oil Nears $84 Amid Iran-Israel Conflict
South Korea's KOSPI index jumped close to 10% following a major government intervention, while oil prices climbed toward $84 per barrel amid escalating Middle East tensions that are roiling global markets.
Babcock & Wilcox Secures $2.4B AI Data Center Power Deal, Shares Surge
Babcock & Wilcox Enterprises has been authorized to begin work on a major $2.4 billion contract to provide natural gas-fired power systems for Applied Digital's AI data center campuses, sending its shares up nearly 31%.