First Brands founder and brother indicted on US fraud charges
Patrick and Edward James accused of fraudulently obtaining billions of dollars from lenders in New York federal case
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Microsoft slides as bumper AI spending unnerves investors
Software group pulls Nasdaq lower after reporting 66% year-on-year surge in data centre costs
Coterra and Devon near tie-up to create $60bn US shale group
Deal would be the largest oil and gas merger in two years
US tech stocks tumble after Microsoft’s AI spending unnerves investors
Software group drags Nasdaq down more than 2% and S&P by 1.1% after reporting 66% year-on-year surge in data centre costs
Gold and silver fall from record highs in metals market whiplash
Volatile trading session sees precious metals give up early gains
SAP suffers biggest fall in five years amid concerns over cloud business
Shares fall 16% as Europe’s largest software company says its cloud backlog growth will ‘slightly decelerate’