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US stocks jump & slip as risks linger

Representative image (Picture credit: AP) Wall Street stocks got whipsawed once again as a slew of headlines on Trump’s fast-evolving tariff war with top trade partners left investors unwilling to take on too much risk following a two-day rally.That’s even as results from big banks showed an equity trading boon and signs of still healthy…

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India can become 2nd largest iron ore producer after Australia, surpassing China and Brazil : Vedanta chairman

Vedanta Group Chairman Anil Agarwal (File photo) NEW DELHI: India has the potential to overtake Brazil and China to become the world’s second-largest iron ore producer, Vedanta Group Chairman Anil Agarwal said on Tuesday.During April to January of the 2024–25 fiscal year, India’s iron ore production rose by 3.5% to 236 million metric tonnes (MMT),…

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Tariff tensions: Boeing shares slump in premarket trading after China halts jet deliveries

Boeing shares dropped sharply, slumping to 2.8% in premarket trading, after China ordered its airlines to stop taking deliveries of the American aerospace giant’s jets.This fresh blow pushed the company to $154.86 as trade tensions between Washington and Beijing intensified.According to a Bloomberg report, Chinese carriers were instructed not to accept any more Boeing aircraft…

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Nvidia to build up to $500bn of AI gear in US, a first

Nvidia Corp, the dominant player in chips for AI models, plans to produce as much as half a trillion dollars’ worth of AI infrastructure in the US over the next four years through manufacturing partnerships.Production of Nvidia’s latest generation AI chip, known as Blackwell, has begun at Taiwan Semiconductor Manufacturing Co’s new plant in Phoenix,…

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