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By Abhirup Roy and Kalea Hall SAN FRANCISCO, June 9 (Reuters) – General Motors is releasing a software update that allows some ‌U.S. electric-vehicle owners to pipe power back to the electric grid, ‌another example of car companies pursuing business opportunities in the energy sector. The update gives ​owners of GM’s vehicle-to-home energy system, which allows the EV to power the home during a blackout, the expanded capability of feeding electricity to the power grid. However, it remains unclear whether doing so will be popular ‌with drivers, who may ⁠also want to keep their cars charged. • Vehicle-to-home system owners…

Global Markets Enter London Session with Mixed Sentiment Financial markets entered the London trading session under the influence of stronger-than-expected U.S. employment data released last Friday. The latest Non-Farm Payrolls (NFP) report showed the U.S. economy added 172,000 jobs, significantly above market expectations of 85,000. The data reinforced expectations that the Federal Reserve may keep interest rates elevated for longer, supporting the U.S. Dollar and creating pressure across precious metals markets. Forex Market Overview : The pair remains under bearish pressure as investors continue to favor the U.S. Dollar. A sustained move below key support levels could open the door for…

Hugo Boss shares popped 6% Thursday after its biggest shareholder, Frasers Group announced a 2-billion-euro takeover offer for the German fashion company.Frasers, which has a 26% stake in Hugo Boss, said late Wednesday it is offering 38 euros per share in cash for the remainder of Hugo Boss shares, marking a total consideration of 1.978 billion euros ($2.28 billion). The offer represents a premium of around 4% to Hugo Boss’ Wednesday closing price.Hugo Boss noted that the offer had not been coordinated by the company and added that it will “thoroughly examine” the deal.Frasers said it remains supportive of Hugo’s…

A KKR logo displayed on the floor of the New York Stock Exchange on Aug. 23, 2018.Brendan McDermid | ReutersU.S.-based investment giant KKR expects the AI-driven productivity boom is only just getting started, but said it could mean growth is concentrated in just a few sectors. That’s according to the firm’s mid-year report distributed Thursday.While AI-driven productivity gains will play out in coming years, “the offset is that intensifying strategic competition will likely make economic growth more concentrated across fewer industries and, at times, more extreme than anything we have seen since the start of the second industrial revolution in…

The financial sector may be starting to look like more than a defensive hiding place. After the June 5 selloff hit technology shares hard, investors have a reason to ask whether the next leg of the market needs broader participation. The AI trade is not dead, but it is no longer the only game worth watching. When leadership gets crowded and rate expectations shift, capital often starts hunting for stocks with cleaner valuations, stronger cash generation and more direct leverage to the economy.And within the financial sector, (BAC) stands out. Shares have rallied roughly 20% over the last year, but…

Bank of Canada holds rates, sees few signs of broad-based inflation

LIV Golf CEO Scott O’Neil told CNBC Tuesday that as a funding cliff approaches, the organization has to trust Saudi Arabia’s Public Investment Fund will back the golf venture through the rest of the season as it has promised. “I can say they’ve been terrific partners so far, and you have to take an incredible organization like PIF at their word,” O’Neil said. “They’ve been very public about funding us through the season, so we are full steam ahead.” PIF is set to pull its funding from the golf league at the end of 2026 schedule, CNBC reported in late…

The risks to the Philippines’ financial sector from the Middle East conflict are real but manageable, according to a report co-published by the country’s central bank.The financial stability council – which includes the Central Bank of the Philippines (BSP) and four other regulators – published its annual report today (June 8). A section of the report, dated March 6, states that the Philippines is primarily exposed to the effects of the conflict via two channels: “Imported inflation from higher Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.To…

For years, crypto has transformed how people think about money, ownership, and digital assets. Now, a new asset class is emerging at the intersection of artificial intelligence and blockchain technology: data.As AI models become more powerful, the demand for high-quality datasets is exploding. The companies and individuals who control valuable data may soon hold one of the most important resources in the digital economy. Just as oil fueled the industrial age and computing powered the internet age, data is becoming the fuel of the AI era.The question is no longer whether data has value—it is who owns it, who profits…

In a few days, the most anticipated IPO in history begins trading. Even people who have never bought a stock are talking about it. Before you join them, it is worth slowing down: what does actually do, and does it make money? What are you really paying for at a $1.77 trillion valuation? And what are the risks of buying in?How SpaceX Actually Makes MoneySpaceX is best understood as three distinct businesses operating at very different stages of maturity. Starlink is the commercial backbone. Its satellite constellation delivers broadband to locations conventional networks cannot reach economically, from maritime and aviation…