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TPH News30 articles
Markets Rally as Trump Delays Iran Strikes, Easing Oil Shock Fears
Oil prices tumbled sharply while U.S. equity futures rallied after President Trump delayed military action against Iranian energy infrastructure, easing investor concerns over a potential oil supply shock.
Indian Markets Plunge as Oil Surge and Rupee Weakness Trigger Selloff
Indian stock benchmarks plunged sharply on Monday, with the Sensex dropping nearly 2,000 points, as surging oil prices and a record-weak rupee intensified selling pressure. Foreign investors have withdrawn $9.57 billion from Indian markets in March alone.
Silver Plunges 14% as Fed Rate Hike Fears Trigger Metals Exodus
Silver futures collapsed 14.28% this week, with spot prices falling to $69.39, as traders abandoned rate cut bets. Precious metals funds saw their largest weekly outflow since 2018.
Nvidia's Networking Unit Surges, Fueling $1 Trillion AI Ambition
Nvidia's networking division generated $11 billion last quarter, more than triple the prior year, as the company reported record total revenue of $68.1 billion. CEO Jensen Huang outlined a $1 trillion revenue target for its AI chips by 2027.
Iran Strikes Gulf Energy Hubs, Sending Oil Past $112 and LNG Supply into Crisis
Oil prices spiked above $112 a barrel following Iranian strikes on energy infrastructure in Qatar, Saudi Arabia, and the UAE, crippling LNG output and raising fears of prolonged supply disruptions. European gas prices have jumped over 60% since the conflict began.
Nvidia Gains China Approval for H200 Chip as AI Revenue Target Hits $1 Trillion
Nvidia shares showed little movement despite securing Chinese regulatory approval for its H200 AI processor and significantly increasing its long-term AI revenue projection to over $1 trillion.
SGX Cash-Rich Trio's Dividend Outlook Amid Asian Market Gains
Three Singapore-listed firms with strong balance sheets face questions over future dividend growth. Meanwhile, Asian equities advanced on robust export figures and easing oil prices, with Indian indices showing resilience.
Nvidia Targets $1 Trillion AI Inference Market with New Hardware
Nvidia forecasts over $1 trillion in AI chip revenue through 2027, launching new Vera Rubin CPUs and Groq-powered systems to capture the growing inference market.
Natural Gas Futures Slide on Warm March Outlook, EIA Trims 2026 Forecast
U.S. natural gas futures declined sharply Friday, pressured by forecasts for mild late-winter weather reducing heating demand. The Energy Information Administration reduced its 2026 Henry Hub price outlook due to elevated storage inventories.
Drone Strike at Fujairah Sends Oil Above $103, Deepening Hormuz Supply Crisis
Oil prices climbed as a drone attack disrupted operations at the UAE's Fujairah port, intensifying fears over Strait of Hormuz supply routes. Brent crude settled at $103.14 a barrel.
TeraWulf Shares Dip as Analyst Trims Target, AI Transition in Focus
TeraWulf shares fell 3.6% Thursday following a price target reduction by Keefe Bruyette & Woods, which highlighted increased spending. The company continues its strategic build-out of AI data center capacity.
Morgan Stanley Boosts CrowdStrike Rating on Strong Growth Outlook
Morgan Stanley upgraded CrowdStrike to overweight, raising its price target to $510, as the cybersecurity firm projected fiscal 2027 revenue above Wall Street estimates.
AbbVie's Early Obesity Drug Trial Shows Promising Weight Loss Results
AbbVie reported its amylin-based obesity candidate ABBV-295 led to significant weight reduction in an early study, with no serious safety issues observed. The data marks a strategic step for the company as it seeks growth beyond immunology.
Tesco Trials 24/7 Royal Mail Lockers in UK Grocery Convenience Push
Tesco is piloting Royal Mail parcel lockers at eight UK locations, offering round-the-clock collection and returns. The move comes as the grocer defends market share gains against rivals also expanding locker networks.
XRP Dips as Oil Spike Triggers Crypto Sell-Off
XRP declined roughly 1.1% to $1.34, underperforming Bitcoin and Ethereum, as a 25% surge in oil prices rattled investor sentiment and triggered broad risk aversion.
Indian Markets Plunge as Oil Spike Triggers Sharp Selloff
Indian equities suffered their steepest weekly decline in more than a year, with the Nifty 50 and Sensex both dropping 2.9%. The rupee breached 92 against the dollar, prompting a significant RBI intervention to stabilize the currency.
MakeMyTrip Acquires Majority Stake in Regional Tour Operator Flamingo
MakeMyTrip has agreed to acquire a controlling interest in regional tour operator Flamingo Transworld, strengthening its position in the growing holiday packages segment. The deal comes as the company's hotel and packages revenue rose 9.7% last quarter.
Shell Secures Venezuela Gas Deal, Targets 2027 Exports to Trinidad
Shell has finalized oil and gas agreements with Venezuela to develop the offshore Dragon field, with initial gas exports to Trinidad targeted for the third quarter of 2027. The deal follows new U.S. licenses easing sanctions on Venezuela's energy sector.
Hindustan Unilever Sells Nutritionalab Stake, Sharpens Focus on Premium Brands
Hindustan Unilever has divested its entire 19.8% holding in Nutritionalab Private Limited for approximately 3.07 billion rupees. The move aligns with a broader strategy to concentrate investment on high-growth premium categories.
Malaysia Affirms Strict Lynas License Terms Despite US Minerals Pact
Malaysia's trade ministry clarified that a US critical minerals agreement does not override technical requirements for Lynas Rare Earths' operations, following the firm's 10-year license renewal. Environmental groups continue to oppose radioactive waste storage.
CrowdStrike Shares Surge on Strong Long-Term Revenue Outlook
CrowdStrike Holdings saw its stock climb 4.5% following an optimistic fiscal 2027 revenue projection that exceeded analyst expectations. The cybersecurity firm reported robust quarterly growth and expanding annual recurring revenue.
Visa Expands Global Stablecoin Card Rollout via Stripe's Bridge
Visa is expanding its partnership with Stripe's Bridge platform to offer stablecoin-linked payment cards in more than 100 nations by year-end. The initiative includes on-chain settlement pilots with Lead Bank.
Broadcom CEO's Copper Comments Trigger Selloff in Optical Networking Stocks
Corning shares dropped sharply after Broadcom's leadership indicated a slower-than-expected transition to optical links within AI server racks, favoring copper for near-term scale-up connections. The shift pushes the anticipated inflection for advanced optics technology further into the future.
Nokia Partners with Telia to Pioneer AI-Enhanced 5G Network Trials
Nokia and Telia Finland are collaborating to develop and test AI-integrated radio access networks for 5G, aiming to improve performance and explore new revenue streams. The announcement coincides with a regulatory filing showing FMR LLC now holds over 5% of Nokia's shares.
IAG Shares Rebound After Airspace Closures Trigger 13% Plunge
International Consolidated Airlines Group shares rose 2% on Wednesday, partially recovering from a 13% decline linked to Middle East airspace closures that have disrupted global aviation. The shutdowns have forced flight reroutings, slashed cargo capacity, and prompted profit warnings from carriers.
CrowdStrike Stock Steady After Strong Forecast, ARR in Focus
CrowdStrike Holdings closed nearly flat at $391.44 following a volatile session, after reporting a 23% jump in Q4 revenue and issuing a robust long-term revenue forecast that exceeded analyst expectations.
Itaú Unibanco to Distribute Fractional Share Sale Proceeds on March 10
Itaú Unibanco will pay shareholders proceeds from a recent fractional share sale on March 10. The sale involved bundled shares auctioned on Brazil's B3 exchange.
CrowdStrike Posts Strong Q4, Guides Higher Amid AI Security Focus
CrowdStrike Holdings reported fourth-quarter results that exceeded profit expectations and raised its annual recurring revenue target. The cybersecurity firm also issued forward-looking revenue guidance for fiscal 2027 and disclosed new share repurchases.
CrowdStrike Stock Gains on Strong Q4 Results and Upbeat Long-Term Targets
CrowdStrike reported better-than-expected fourth-quarter results, with annual recurring revenue exceeding $5 billion. The company provided a robust long-term forecast through fiscal 2027, sending shares higher in extended trading.
Visa Expands Global Stablecoin Card Program with Stripe's Bridge
Visa's stock price remained flat following news of a major expansion of its stablecoin card initiative with Stripe's Bridge unit. The program will grow from 18 to over 100 countries, incorporating on-chain settlement via Lead Bank.