Gaotu Techedu DRC earnings missed by ¥0.11, revenue topped estimates
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45 Indian power plants face critically low coal stocks amid monsoon disruption
The supply squeeze comes as uneven rainfall and hotter weather increase dependence on coal-fired generation, particularly during periods of elevated cooling demand
British Pound finds support near weekly low as fiscal woes and rate gap weigh on Yen
The GBP/JPY cross recovers a few pips from the vicinity of the weekly trough, though it lacks follow-through buying and trades around mid-216.00s during the early European session on Thursday.
British Pound extends losses as US Dollar holds ground on Fed rate hike bets
GBP/USD remains subdued for the second successive day, trading around 1.3590 during the European hours on Thursday. The pair depreciates as the US Dollar (USD) remains stronger following the robust economic data released on Wednesday.
Nvidia jumps 6% in premarket trading after blockbuster earnings boost AI confidence
Nvidia shares rose on Thursday after the chip giant's revenue guidance reassured investors that AI demand will remain strong.