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AI Optimism Sends Stocks Rocketing Higher; BP's Chair Ousted | The Opening Trade 5/27/2026
The rally in US stocks is set to stretch into a fifth day as optimism around artificial intelligence, lower oil prices and easing bond yields spurred traders to grow increasingly bullish. Former BP Plc Chairman Albert Manifold says he was fired without warning or explanation and will challenge the company’s version of events, deepening the turmoil around the UK oil major’s latest leadership change. The company didn’t provide further details in its statement, but people close to BP who requeste...
Lidl leapfrogs Morrisons to become UK’s fifth-biggest supermarket
Lidl has soared past struggling Morrisons to become the UK’s fifth-biggest supermarket, as its heavy discounting gave the grocer an edge in the fiercely competitive market. The German grocer snatched an 8.6 per cent market share, powered by an 8.8 per cent uplift in sales across the last 12 weeks, according to data by Worldpanel. The record market position is a coup for Lidl, which, along with fellow German cut-price grocer Asda, has shaken up the supermarket sector since its arrival in the...
Sarah Guo Bet Everything On AI Pre-ChatGPT. Now She’s One Of The World’s Top Investors
InnovationDaily CoverSarah Guo Bet Everything On AI Pre-ChatGPT. Now She’s One Of The World’s Top InvestorsCody Pickens for ForbesByRashi Shrivastava,Writer. Rashi Shrivastava is a staff writer covering AI and startups. Follow AuthorMay 27, 2026, 06:00am EDTBefore everyone was sold on AI, the Conviction founder went all-in on it, backing buzzy names like Harvey, Cognition and OpenEvidence long before they had multi-billion-dollar valuations. @font-face{font-family: "Highlander"; src: url("https:...
Investing Superstar Yasmin Razavi Turned A $75 Million Check Into A $3 Billion AI Windfall
The Spark Capital partner bet early on Anthropic when most other VCs wouldn’t touch it. Now the hottest AI company on the planet has landed her on the Midas List of best investors for the first time.
SpaceX helps Scottish Mortgage Investment Trust take off
Scottish Mortgage Investment Trust revealed the extent of the success of its early backing for Elon Musk’s SpaceX on Wednesday. The buy-and-hold investor’s stake in the rocket maker now amounts to about a fifth of the £16bn fund, as revealed in its results for the year to the end of March. Overall, SMT’s net asset value in the year to the end of March rose by over 27 per cent. Christopher Samuel, the FTSE 100 constituent’s chair, pointed to “a significant upward revaluation” in the Spac...
Euronext Weighs Revising Data Price Hikes After Pushback
Euronext NV is considering changes to its planned overhaul of data fees, which critics have said would raise the cost of crucial trading information for some market participants.
‘It’s important we increase spending’: Treasury minister defends triple lock pension
A Treasury minister has defended the triple lock pension as a sustainable policy despite former Prime Minister Sir Tony Blair attacking the benefit for being unaffordable. Dan Tomlinson said it was “important we have the triple lock and that we increase spending on pensioners”, doubling down on the controversial manifesto commitment that has been criticised by the UK’s top economists. The triple lock pension ensures that the state pension increases each year by whatever is highest out of...
Salesforce Earnings Can Put AI Fears to Bed, Give Stock a Lift
While software stocks rebound from the artificial intelligence-driven wipeout earlier this year, Salesforce Inc. hasn’t really benefited. But its earnings after the close Wednesday could pull the company’s shares out of their malaise.
Meloni Told by IMF That Italy’s Energy Aid Must Be More Targeted
Italian Prime Minister Giorgia Meloni got told by the International Monetary Fund that her government’s energy aid should target poorer families rather than apply to everyone.
Croatia Picks Zigman to Succeed Vujcic as Central Bank Chief
Croatia nominated Ante Zigman to lead its central bank, a role that includes a seat on the European Central Bank’s Governing Council.
The West End works as one economy – policy should catch up
The West End functions as an integrated economy, yet policy continues to govern it in fragments, writes Ros Morgan The case for a West End International Centre London has never lacked ambition. It’s where culture, commerce, tourism, hospitality, retail, heritage and public life come together at a scale few cities can match. To recognise the heart of our city for the powerhouse it is, it’s in everyone’s interests that all stakeholders work more closely and strategically together. That is...
Zambia State Mining Firm Strikes Lime Deal With Chinese Operator
Zambia’s state-controlled mining investment company, ZCCM Investments Holdings Plc, agreed to sell a majority stake in a lime and cement venture to a privately held Chinese company.
Memory Chip Giant CXMT Heads for China’s Biggest IPO Since 2022
Memory chip maker ChangXin Memory Technologies Inc. has received approval from the Shanghai Stock Exchange for an initial public offering that’s on track to be the biggest in mainland China since 2022, in a milestone for one of the key technologies of the artificial intelligence buildout.
Germany’s Reiche Tells EU to Avoid Harming Exports to China
German Economy Minister Katherina Reiche said the European Union should ensure that any measures it applies on Chinese trade don’t harm the bloc’s exports to the country.
Crypto Firms and Automakers Are Looking to Open Banks, at Trump’s Urging
Urged on by the White House and a reduction in regulatory oversight, crypto companies and automakers are among those that have applied for banking charters.
French Open 2026: Swiatek, Djokovic and Rybakina in action on day four – live
Updates from the fourth day’s play at Roland Garros Gauff: no apology from Australian Open for racket clip Monfils bows out for last time | Mail DanielSalut et bienvenue à Roland-Garros 2026 – quatrième jour!And into round two we go. We open today with a nasty one for Belinda Bencic, the no 11 seed taking on Caty Mcnally while, at the same time Karen Kahchanov returns – and, an hour later, so too does Iga Swiatek, the four-time champ facing the Czech youngster, Sara Bejlek. Continue reading...
The $400 Million Showdown Between a Billionaire and a California Mayor
The owner of the Los Angeles Rams and the City of Inglewood are in a dispute over Hollywood Park and SoFi Stadium, which is about to host World Cup matches.
Speed up plans to close import tax loophole on small parcels, British firms say
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Lidl overtakes Morrisons to become fifth largest supermarket in UK
German-owned discounter’s sales rise 8.8% year on year as households seek ways to keep bills downLidl has overtaken Morrisons to become the UK’s fifth largest grocer as its sales were powered ahead by households seeking to keep a lid on their weekly bills.The German-owned discounter increased its sales by 8.8% year on year – making it the fastest-growing store-based grocer – to hit a record high market share of 8.6% over the 12 weeks to 17 May, according to figures from the market analysts World...
Adani Power overtakes Infosys in market capitalisation; share rallies over 65%
Adani Power’s market value currently stands at nearly Rs 4.85 lakh crore, higher than Infosys, whose market capitalization is around Rs 4.72 lakh crore. Following the latest reshuffle, Adani Power has emerged as India’s 11th most valuable listed company.