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Xiaomi Ramps Up Chip and SUV Ambitions
9 hours ago
Stocks News
Xiaomi marked its 15th anniversary with an ambitious double play: a high-performance electric SUV and a self-designed 3-nanometer smartphone chip, both unveiled at a livestreamed event in Beijing. The YU7 SUV, promising a driving range of 835 kilometers on a single ...
Bitcoin Breaks Above $111K Amid Regulatory Optimism
1 day ago
Cryptocurrency News
Bitcoin surged past $111,000 on Thursday, hitting a record high of $111,886 before settling just above $111,500, up 3% for the single day. Unlike past rallies that had been driven by volatility and rapid price swings, this climb has been steadier, ...
Treasury Yields Surge Past Key Levels
2 days ago
Economy News
Yields on U.S. Treasurys shot up on Wednesday, with the 30-year yield crossing the 5% mark and the 10-year pushing past 4.5%, as mounting deficit concerns and political friction over a new tax bill shook investor sentiment. The 30-year bond yield ...
CATL Soars on Hong Kong Debut Despite Geopolitical Tensions
3 days ago
Stocks News
Shares of Contemporary Amperex Technology Co Limited (CATL), the world’s largest EV battery producer, leapt by as much as 18% in their Hong Kong trading debut, marking the biggest IPO of the year. The firm raised $4.55 billion, confirming investor confidence ...
AI-Powered Trading Bots Bring a New Kind of Threat
4 days ago
FOREX News
Trading algorithms have long played a role in global markets, but advances in artificial intelligence are rapidly outpacing regulatory frameworks. While traditional bots simply executed predefined strategies, today’s AI-powered trading agents can autonomously learn from market behaviour, synthesise large volumes of ...
Japan’s Economy Contracts as Trade Tensions Dampen Growth
1 week ago
Economy News
Japan’s economy shrank by an annualized 0.7% in the first quarter, wiping out the 2.4% expansion recorded at the end of 2024. The contraction, worse than expected, was driven by a 2.3% fall in exports as U.S. tariffs under the Trump ...
Alibaba Shares Slide After Profit Miss
1 week ago
Stocks News
Alibaba shares dropped 5% in U.S. premarket trading on Thursday after the Chinese e-commerce giant missed expectations for both revenue and profit in its fiscal fourth quarter. Revenue came in at $32.6 billion, narrowly missing forecasts. However, net income was as ...
Nvidia Stock Rallies on US-Saudi AI Alliance
1 week ago
Stocks News
Nvidia shares surged 5.6% on Tuesday after the announcement of a major US-Saudi artificial intelligence investment initiative led by President Trump and Crown Prince Mohammed bin Salman. Despite this rally, Nvidia’s stock remained 4.5% lower year-to-date as of the 13 May ...
Canada’s Job Market Sags Under Pressure from US Tariffs
1 week ago
Economy News
Canada’s unemployment rate shot up to 6.9% in April, marking the highest level in six months as US-imposed tariffs on steel, aluminum, and automobiles has begun to bite. Statistics Canada reported a 0.2% increase in unemployment from March, largely driven by ...
Markets Surge as US and China Slash Tariffs in Surprise Deal
1 week ago
Economy News
In a move that sent global markets soaring, the United States and China agreed to a major rollback of tariffs for an initial 90 days, offering the first real de-escalation in a trade war that has shaken economies across the ...
BoE Eases Rates as Trade Tensions Cloud UK Outlook
2 weeks ago
Economy News
The Bank of England has trimmed its benchmark interest rate by 25 basis points, bringing the cost of borrowing down to 4.25%. This makes it the fourth reduction since August, signalling growing confidence that inflation has been tamed enough to justify ...
Bitcoin Hurtles Towards $100K as US-UK Trade Pact Sparks Crypto Rally
2 weeks ago
Cryptocurrency News
Bitcoin surged past $99,000 on Thursday, nearing the symbolic $100,000 mark for the first time since February, after news broke of a finalized trade agreement between the United States and the United Kingdom. The world’s biggest cryptocurrency rose over 3% to ...
Tesla’s European Freefall Deepens
2 weeks ago
Stocks News
Tesla is in big trouble in Europe. This comes just as the continent’s appetite for electric vehicles is growing again. In April, Tesla’s sales dropped sharply in key markets—62% in the UK, 67% in Denmark, 74% in the Netherlands, 33% in ...
Auto Giants Back Away From Issuing Financial Guidance
2 weeks ago
Economy News
Major automakers are pulling financial forecasts as tariff uncertainty muddies the global automotive waters. Stellantis, Mercedes-Benz, General Motors, Volvo, and Volkswagen have all hit pause on their annual investor guidance, citing uncertainty stemming from US trade policy. Stellantis, which oversees brands from ...
Crude Oil Prices Plunge as OPEC+ Increases Production
2 weeks ago
Commodities News
Oil prices slumped to their lowest level in over three years as OPEC+ pushed ahead with big production increases just as global demand gets weaker from rising trade tensions. Brent futures slid by 4.6% to $58.50 per barrel in early Monday ...
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