Last news

Shein Eyes £50bn UK Float Amid Controversy and Regulatory Scrutiny

Shein Eyes £50bn UK Float Amid Controversy and Regulatory Scrutiny

Stocks news
3 weeks ago

Shein, the Chinese fast fashion giant that skyrocketed during the COVID-19 pandemic, is reportedly considering a £50bn (approximately $66bn) initial public offering (IPO) on the London Stock Exchange. The company could file the necessary paperwo...

Google Joins Other Tech Giants Flocking to Southeast Asia

Google Joins Other Tech Giants Flocking to Southeast Asia

Economy news
3 weeks ago

First, Microsoft and Amazon announced major investments in Southeast Asia. Now, Google has committed $2 billion to establish its first data center and "cloud region" in Malaysia, aiming to bolster the country's digital infrastructure. This signi...

Dell Shares Dip Despite Strong AI Server Growth

Dell Shares Dip Despite Strong AI Server Growth

Stocks news
3 weeks ago

Dell reported first-quarter earnings that surpassed analysts' expectations for both earnings and sales, solidifying its position as a leading vendor for AI-oriented servers. Despite this, Dell shares fell by about 12% in extended trading before recov...

BYD's Rapid Rise Has Tesla in A Spin

BYD's Rapid Rise Has Tesla in A Spin

Stocks news
3 weeks ago

BYD, a Chinese-owned carmaker backed by Warren Buffett, has become a significant player in the global automotive industry, challenging longtime EV leader Tesla. Previously dismissed by Elon Musk, BYD has overtaken Tesla as the leading seller of EVs w...

Saudi Aramco Plans Major Share Offering

Saudi Aramco Plans Major Share Offering

Stocks news
3 weeks ago

Saudi Arabia's state oil company, Aramco, is reportedly planning to sell between $10 billion and $20 billion worth of its stock in a new offering, potentially as soon as this week. Currently, the Saudi state and its sovereign wealth fund, the Pu...

U.S. Crude Oil Rises as Market Awaits OPEC+ Production Decisions

U.S. Crude Oil Rises as Market Awaits OPEC+ Production Decisions

Economy news
4 weeks ago

As the market anticipates the upcoming OPEC+ virtual meeting on Sunday to review production policy, U.S. crude oil prices have climbed more than 1%. OPEC+ members are currently withholding 2.2 million barrels per day from the market to support prices...

UK Election Expected to Impact Stock Market

UK Election Expected to Impact Stock Market

Economy news
4 weeks ago

With less than six weeks until the UK General Election, analysts are eyeing the potential impact on the stock market, especially with polls suggesting a potential return of the center-left Labour Party after 14 years. Should Labour win, displacing th...

South Korea Eyes Stock Market Boom Amid Reforms

South Korea Eyes Stock Market Boom Amid Reforms

Economy news
1 month ago

Seoul is implementing reforms to address the 'Korea discount,' which has long depressed the valuations of its companies. Now, a growing number of Koreans, many young, are investing in stocks.From 2022 to 2023, Korea’s stock market capitalization rose...

Nvidia Growth Surges Further on Data Center Business

Nvidia Growth Surges Further on Data Center Business

Stocks news
1 month ago

Nvidia's already impressive performance was boosted by a remarkable 427% growth in its data centerbusiness in the latest quarter. This surge comes as companies continue to invest heavily in Nvidia's artificial intelligence processors.The critical cus...

AI Power Demands Straining Electricity Grids

AI Power Demands Straining Electricity Grids

Economy news
1 month ago

Generative AI's growing popularity is creating significant energy challenges. AI systems powered by large language models (LLMs) are incredibly energy-intensive and require substantial computational resources. A recent study indicates that gener...

Ether Rallies Amid Renewed ETF Optimism

Ether Rallies Amid Renewed ETF Optimism

Cryptocurrency
1 month ago

Ether's price continued its upward trajectory, adding 8.5% to $3,661.12 following a substantial 20% surge on Monday. This rally is driven by increasing optimism that the U.S. Securities and Exchange Commission (SEC) might approve spot ether exchange-...

Ryanair Profits Surge After Fare Hikes

Ryanair Profits Surge After Fare Hikes

Stocks news
1 month ago

Budget airline Ryanair has reported a significant 34% increase in full-year profits, reaching €1.92 billion, driven by a 21% hike in average fares. This surge comes despite rising fuel costs and delays in the delivery of new Boeing planes, which have...

China Injects Billions into Troubled Property Market

China Injects Billions into Troubled Property Market

Economy news
1 month ago

China's ongoing property crisis, which began in 2021, has prompted significant interventions by Chinese authorities to stabilize the sector and mitigate its impacts on the world's second-largest economy. The People's Bank of China (PBOC) announc...

Utilities Surge Amid AI Boom

Utilities Surge Amid AI Boom

Stocks news
1 month ago

This year, the S&P 500’s utility sector has gained 14%, making it the third-best-performing category, surpassed only by information technology and communication services. This marks a notable turnaround from last year's decline, during which util...

Copper Nears Record Highs Amid Surging Demand

Copper Nears Record Highs Amid Surging Demand

Economy news
1 month ago

Copper prices are approaching record highs as demand driven by renewable energy, electric vehicles, and artificial intelligence continues to grow. Year-to-date, copper prices have surged by 29%, with futures reaching $5 per pound as of May 15, the hi...

Do you need help or have a question?