Mortgage approvals for house purchases in the UK fell sharply in May, reflecting weaker borrowing activity across households and businesses, according to data released by the Bank of England on Monday. The central bank said lenders approved 56,205 mortgages for house purchases during May, the lowest monthly total since December 2023. The figure was significantly
Wall Street was set for a stronger start on Monday as investors welcomed signs that Washington and Tehran were stepping back from a fresh round of military escalation. Nasdaq 100 futures led the move, helped by lower oil-risk fears and a better tone across growth stocks. Still, the rebound is not clean as traders are
Apple is lobbying the Trump administration for clearance to buy memory chips from Chinese manufacturer CXMT as the artificial intelligence boom pushes up semiconductor costs and strains global supply chains, Financial Times reported on Saturday. The move underscores how even the world’s largest consumer electronics company is scrambling to secure additional sources of memory as
UK equities came under pressure as weakness across consumer staples, defence and mining stocks weighed on market sentiment. Investors also assessed fresh economic data showing a slowdown in mortgage lending and broader credit growth, pointing to softer borrowing activity in May. Both the FTSE 100, which is dominated by internationally focused companies, and the more
Comcast on Monday unveiled plans to break itself into two publicly traded companies, separating its connectivity operations from its media and entertainment assets in the latest attempt by a legacy media company to adapt to the rapidly changing streaming landscape. The tax-free spin-off, expected to be completed in about a year, will create one company
Cardano (ADA) remains under pressure after a sharp sell-off over the past month, but several technical indicators suggest the pace of the decline may be slowing. The Cardano price was trading at $0.1445 at the time of writing, down 1.3% over the previous 24 hours and 10.8% over the last seven days. The token has
Charter Communications shares CHTR surged over 24% in premarket trading on Monday after a Bloomberg report said the cable and broadband giant was in discussions with SpaceX over a potential partnership to offer consumer mobile services. According to the report, executives from SpaceX and Charter have held high-level talks about working together on a mobile
Rocket Lab (NASDAQ: RKLB) stock price has suffered a major reversal in the past few weeks, moving from the year-to-date high of $151 on May 27 to $84. This retreat continued even after the company landed a new NASA contract last week. So, is it safe to buy the dip or sell the rip? Rocket
Shares of advanced battery materials developer Solidion Technology STI swung sharply on Monday after the company announced plans to acquire a stake in SpaceX as a long-term treasury asset. It became the latest listed firm seeking exposure to Elon Musk’s aerospace company through its balance sheet. Solidion’s stock jumped more than 23% at one point,
Wall Street’s main indexes opened higher on Monday as easing tensions in the Middle East lifted investor sentiment after days of hostilities between the United States and Iran. Technology stocks also rebounded following a sharp selloff last week, while Comcast shares soared after the media and cable company announced plans to split into two publicly