BLOOMBERG US equity futures retreated as a rally in tech stocks lost steam and persistent inflationary pressures cemented expectations for higher rates in the US and Europe. Treasuries advanced. Contracts on the S&P 500 and the Nasdaq 100 slipped as Amazon.com Inc’s warning after the market close on growth in its key cloud computing business soured the mood. Treasuries recouped ...

BLOOMBERG Apple Inc and Microsoft Corp have never held more sway over the S&P 500 Index, leaving some investors on edge over the gauge’s increasingly top-heavy nature. The world’s two most-valuable companies saw their combined weightings in the benchmark jump to a record 14% after strong earnings reports from Microsoft and others fuelled a rally in technology stocks. When you ...

ABU DHABI / WAM Abu Dhabi-based manufacturer Monarch Holding and Chinese company EHang Holdings, a leading autonomous aerial vehicle (AAV) technology platform company, have signed a partnership agreement to establish the first facility in the Middle East and North Africa to manufacture and operate sustainable, electric-powered aircraft and drones for passengers and cargo transportation in Abu Dhabi. The announcement aligns ...