Author: Lucas

Swan Defence and Heavy Industries Limited (SDHI) has entered into a strategic Memorandum of Understanding (MoU) with South Korea’s Samsung Heavy Industries. The agreement, signed on September 30, 2025, aims to collaborate on shipbuilding and heavy engineering projects, both domestically and internationally. This partnership comes at a time when the Indian government is pushing aggressively to transform the country into a global shipbuilding hub, backed by substantial financial support. SDHI, recognised as India’s largest shipbuilding and heavy fabrication company, will work alongside Samsung, a world leader in constructing specialised and complex vessels. The MoU focuses on exploring opportunities in commercial…

Nvidia CEO Jensen Huang has touted the transformational potential of artificial intelligence long before it went mainstream.AFP via Getty ImagesA $1,000 investment in Nvidia (NVDA) five years ago would be worth more than $12,000 today. The chipmaker’s stock has enjoyed a remarkable run, fueled by surging demand for its high-powered GPUs amid the AI boom. This wasn’t a hype-driven rally. The stock never got ahead of its fundamentals; if anything, investors were late to recognize what Nvidia had been quietly building for years. When AI’s moment arrived, Nvidia was ready to embrace it.Nvidia Vs. SPY: Which Delivered Better Returns Over…

Rachel Reeves raised fears of a painful tax raid on Middle England as she suggested those with the ‘broadest shoulders’ would have to pay billions more.As official figures showed the economy flatlined over the summer, the Chancellor laid the ground for a Budget that will target the better-off.Her comments, on the fringes of the International Monetary Fund’s annual meetings in Washington, prompted a warning that property, pensions and savings could be targeted.While the Chancellor has ruled out a specific wealth tax, her remarks appeared to signal that she is looking to grab assets in other ways. That will intensify speculation…

Total revenue increased by +7.5%, and like for like revenue grew by +0.9% reflecting continued trading momentum and market outperformanceRetail performance was hampered by weak footfall during the early weeks of the second half, coinciding with the Budget event, but has improved since. As a result, Retail like for like revenue was -4.0%. New stores contributed a further +10.3% points to deliver total Retail revenue growth of +6.3% over the eight weeksEcommerce performance continued to increase year on year with like for like growth of +7.7% and total growth of +9.3% when including revenue generated from the recently re-launched Amazon…

As the artificial intelligence (AI) boom strains global power grids, tech giants are looking to the sea and stars for solutions. In a significant move, Samsung Electronics (OTC:SSNLF) and OpenAI are collaborating to develop floating data centers on the ocean, aiming to tackle land scarcity and the immense energy costs of cooling AI hardware.Ocean Water To Help Cool AI InfrastructureThe partnership, which involves Samsung SDS, Samsung C&T, and Samsung Heavy Industries, follows a recent visit to Korea by OpenAI CEO Sam Altman.According to a Korea JoongAng Daily report, the project’s goal is to submerge AI infrastructure, using cold seawater for…

PAYPAL and Venmo users have reported widespread issues with both payment platforms. Users complained of a global outage that left them in the dark around 11:50 am ET, or 4:50 pm BST, on Thursday. Sign up for The Sun newsletter Thank you! Venmo and PayPal users have reported an outage with the payment platformsCredit: Alamy Around 30 minutes after the incident started, reports spiked to nearly 10,000 on DownDetector. Most users said they were kicked out of their accounts and had issues logging back in. Some business owners said the outage left them unable to print shipping labels or view…

Craig Miller, CEO of Valterra Platinum, speaks after blowing a ceremonial horn during the listing of Anglo American’s platinum unit under its new name, Valterra Platinum, at the Johannesburg Stock Exchange (JSE) headquarters in Sandton, South Africa, May 28, 2025. REUTERS/Siphiwe Sibeko THE 87% improvement in the platinum price this year was a sustainable improvement as it was supported by a supply deficit in the metal, said Craig Miller, CEO of Valterra Platinum. In an interview with Miningmx on Thursday, Miller added that platinum had also pulled in investors searching for alternatives to gold which has hit a near-record price…

This article was written byFollowMonte Independent Investment Research: Michael Del Monte is a buy-side equity analyst with over 5 years of industry experience. Prior to working in the investment management industry, Michael spent over a decade in professional services working across industries that include O&G, OFS, Midstream, Industrials, Information Technology, EPC Services, and consumer discretionary.Investment recommendations are built upon the entirety of the investment ecosystem rather than considering a company independently.Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I…

Investors were not happy with the latest business update from Insteel. Insteel Industries (IIIN -19.31%) stock got hit with a big pullback Thursday following the publication of the company’s latest quarterly earnings. The steel products specialist’s share price sank 19.3% in the daily session. Before the market opened this morning, Insteel published results for the fourth quarter of its last fiscal year, ended Sept. 27. Sales and earnings for the period fell short of the market’s expectations, and management also issued some unencouraging guidance. After today’s big sell-off, Insteel’s stock gain across 2025 has been cut to approximately 12%. Image…

The Minister of State with responsibility for Insurance has said savings from reforms of the sector “must be reflected in lower premiums” and “wider availability of cover.” Robert Troy said consumers will not accept otherwise and he insisted neither will the Government. Speaking at the launch of the Injuries Resolution Board’s strategic plan for 2025-2029, he said it is “not simply a matter of goodwill; it is about credibility.” “Insurers cannot argue that claims costs remain too high while refusing to use mechanisms specifically designed to reduce those costs.” Minister Troy said he believes that insurance companies “can be doing…