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Nvidia Now World’s Most Valuable Company Despite China Setbacks
1 month ago
Stocks News
Nvidia’s latest earnings report sparked a 5% jump in after-hours trading, pushing the chipmaker’s stock within 8% of its January peak. With fiscal Q1 2026 revenue climbing 69% to $44.1 billion and earnings per share reaching $0.96, Nvidia beat Wall ...
DAX Pushes Higher as Trade Talks Ease Tariff Jitters
1 month ago
Economy News
Germany’s DAX notched a new record high, climbing 0.18% to 24,269.47, as investors responded to signs of progress in US-EU trade negotiations. The move capped a third consecutive day of gains for European markets, with the Euro Stoxx 600 inching up ...
BYD Shares Fall on Discounts, But Outpaces Tesla in Europe
1 month ago
Stocks News
Shares of BYD dropped sharply this week after the Chinese EV giant announced sweeping price cuts across 22 models, triggering fresh worries about a price war in China’s already competitive electric vehicle market. BYD’s stock slid 4% in Tuesday’s Hong Kong ...
More Tariff Talk Puts Extreme Volatility Back on The Menu
1 month ago
Economy News
Last Friday, US President Donald Trump reignited threats of sweeping tariffs, sinking both stocks and the dollar. A 25% tariff on Apple if it doesn’t shift iPhone production to the US, followed minutes later by a proposed 50% levy on ...
Xiaomi Ramps Up Chip and SUV Ambitions
1 month 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 month 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
1 month 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
1 month 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
1 month 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 month 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 month 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 month 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 month 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 month 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 months 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 ...
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