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SAP News30 articles
30-Year Treasury Yield Surges to 19-Year High as Fed Holds Rates Steady
The 30-year Treasury yield hit a 19-year high of 5.247% after the Fed held rates steady, with real yields leading a sixth straight weekly gain.
Oracle Stock Drops $14.5B Despite $7B Pentagon Award
Oracle shares fell 4.2% Friday, erasing $14.5 billion in market cap despite winning a Pentagon contract worth up to $6.99 billion.
SAP Shares Jump 6% as Cloud Backlog Surges, Offsetting Profit Guidance Cut
SAP shares surged 6.25% on Friday after the company reported a stronger-than-expected cloud backlog, which overshadowed a reduced profit outlook.
SK Hynix Market Cap Plunges 114 Trillion Won Amid Legal Woes and Tech Sell-Off
SK Hynix shares tumbled 8.34% on Friday, erasing 114 trillion won in market value, as a court order against chairman Chey Tae-won added to a broader tech rout.
SAP Shares Surge 6% on Cloud Backlog Strength, Despite Profit Outlook Cut
SAP shares rose 6.2% as cloud backlog growth of 26% exceeded forecasts, outweighing a reduced profit outlook. Market value increased by €9.8 billion.
South Korea's KOSPI Plunges into Bear Territory as AI Rally Unwinds
The KOSPI index fell into a bear market, down over 20% from its June high, driven by a selloff in AI-related stocks. Global markets also declined amid rising bond yields and geopolitical risks.
G7 Leaders Debate AI Model Access Amid OpenAI's $1T IPO Plan and Rising China Competition
G7 leaders debate AI model access as OpenAI files for a $1T IPO. Anthropic restricts models, China boosts local AI, and cybersecurity deals surge.
France Secures €93 Billion in AI and Industrial Investment at Choose France Summit
SoftBank leads €93 billion in corporate pledges at the Choose France summit, with plans for major AI data centres in northern France, as the country positions itself as a European AI hub.
Workday Shares Surge 12% as AI Concerns Ease, Earnings Beat
Workday shares surged 12.45% to $146.19 after beating Q1 earnings and raising margin guidance, as AI fears recede. DevCon next week.
Richtech Robotics Surges Despite Delayed SEC Filing
Richtech Robotics surged 49.5 cents to $3.17 Tuesday on volume exceeding 39 million shares, even as the company disclosed a late SEC filing for its March quarter.
ServiceNow Rebounds; Market Weighs AI Impact Ahead of Holiday Break
ServiceNow shares rose 2.45% to $102.13 Friday, adding 7.4% for the week. BofA reinstated coverage with a Buy rating and $130 target.
Workday Shares Surge on AI Agent Demand, Strong Q1 Results
Workday shares jumped 7% in after-hours trading after beating Q1 estimates with $2.54B revenue and an adjusted profit of $2.66 per share, driven by surging adoption of its AI agents.
SAP Shares Surge on AI Optimism and Positive Analyst Ratings
SAP SE shares jumped 5.8% on Tuesday, buoyed by AI-related announcements and favorable analyst coverage, though the stock remains down 25% for the year.
Oil Price Surge Revives ECB Rate Hike Bets, European Stocks Slide
European stocks declined Friday as stalled US-Iran talks pushed oil prices higher, reigniting inflation fears and expectations for ECB rate hikes. The STOXX 600 fell 0.8%.
Dow Holds Steady at 49,700 as Inflation Data Rattles Tech and Rate Outlook
The Dow ended nearly unchanged at 49,700.29, but the S&P 500 dropped 0.54% and the Nasdaq fell 1.37% after April CPI surged 3.8%, driven by energy costs.
Ramp Targets $40B Valuation in $750M Funding Round
Ramp is negotiating a $750 million funding round at a pre-money valuation exceeding $40 billion, with existing investors GIC and Iconiq Capital expected to co-lead.
Hormuz Crisis Looms Over Oil Markets as Physical Prices Surge
Brent crude slipped to $108.17 on Friday after Iran proposed talks, but the Strait of Hormuz remains disrupted, and physical crude grades trade near $130, signaling further price spikes ahead.
Workday's Q1 Earnings: AI Strategy Faces Pivotal Test on May 21
Workday reports fiscal Q1 earnings on May 21, with subscription revenue guidance of $2.335B. The company's AI push faces a key test amid competition and investor concerns.
SAP Q1 Beats Estimates on Cloud Strength, Maintains Annual Guidance
SAP beat Q1 estimates with cloud revenue up 27% in constant currencies. Operating profit rose 17% to €2.74B. The company reaffirmed its 2026 targets and full-year guidance.
Gold Retreats Despite Middle East Tensions as Dollar, Yields Climb
Gold prices declined on Monday, pressured by a stronger U.S. dollar and rising Treasury yields, even as geopolitical tensions flared in the Middle East. The precious metal erased last week's gains, with spot gold falling 0.4%.
Cocoa Prices Plunge on European Demand Slump, Asian Markets Mixed
Cocoa prices tumbled over 3% after weak European demand data, while Asian markets diverged with Hong Kong falling and India's Sensex gaining.
Markets Rally on Geopolitical Hopes; AI and Growth ETFs Advised for Young Investors
Equities advanced on optimism for a resolution to the Iran conflict, while a market veteran recommends young investors allocate monthly funds to Vanguard's VGT and VUG ETFs for long-term growth.
Lockheed Martin Clarifies No Direct F-35 Talks with India, Deal Remains Distant
Lockheed Martin confirmed it is not engaged in direct discussions with India regarding the F-35 fighter jet, stating any potential deal must follow official U.S. government channels. India has not initiated a formal acquisition process for the advanced aircraft.
Intel Buys Back $14.2B Stake in Irish Fab, Bolstering AI Strategy Ahead of Earnings
Intel has regained full ownership of its Fab 34 facility in Ireland through a $14.2 billion buyback of Apollo's stake. The move strengthens Intel's manufacturing control as it prepares to report quarterly results and advance its AI initiatives.
U.S. Markets Shut for Good Friday as March Jobs Data Looms
U.S. equity markets will be closed on Friday, April 3, 2026, for the Good Friday holiday, with trading resuming Monday, April 6. The key March employment report is scheduled for release during the market closure.
IBM's AI Strategy Under Scrutiny as Q1 Report Looms Amid Stock Slump
IBM shares are trading nearly 27% below their 52-week peak, with pressure mounting on its AI strategy ahead of first-quarter results on April 22. The company recently completed its $11 billion acquisition of Confluent.
AST SpaceMobile Targets April 10 for BlueBird 7 Launch Amid Rival Rocket Lab's ESA Milestone
AST SpaceMobile has scheduled its BlueBird 7 satellite launch for April 10, while Rocket Lab successfully completed its first dedicated mission for the European Space Agency. Both companies are advancing amid a backdrop of robust financial results and industry momentum.
European Gas Prices Retreat Amid Qatar Supply Shock, Storage Concerns Mount
European natural gas benchmarks declined Tuesday but stayed well above last month's levels after QatarEnergy invoked force majeure on LNG contracts, reducing export capacity. Storage levels are low, with Shell cautioning about possible supply shortfalls.
Indian Markets Rebound Sharply on Easing Oil Prices and IT Rally
Indian equity indices staged a strong recovery on March 20, 2026, with the Sensex jumping 891 points. The rally was fueled by falling crude oil prices and a surge in IT stocks.
UBS: CTAs Slash Equity Stakes, Sage AI Pricing in Focus, Desk Revamp
UBS states commodity trading advisers have reduced global equity holdings by 75% since the Middle East conflict began. The bank maintains a buy rating on Sage, highlighting AI-driven pricing strength, and is reorganizing its European high-yield trading desk.