President-elect Donald Trump has hinted at a surprising reversal regarding TikTok’s operations in the United States. Speaking at AmericaFest in Phoenix, Arizona, Trump acknowledged the platform’s immense popularity during his presidential campaign, which garnered billions of views. “I think we’re going to have to start thinking because, you know, we…
News Corp has agreed to sell its Australian cable TV unit, Foxtel, to the British-owned sports network DAZN in a deal valued at A$3.4 billion ($2 billion), including debt. This move reduces the Murdoch-controlled company’s exposure to a legacy business facing challenges from the rise of streaming platforms. Under the…
Rolls-Royce share price has spectacularly performed this year, making it the best-performing company in the blue-chip FTSE 100 index. It has risen by about 95% this year, helped by the strong demand of its products and services. This growth has brought its market cap to over $61 billion. Rolls Royce…
Nio stock price has had a rough year as its business faces substantial challenges, including elevated competition and losses. It was trading at $4.55 on Monday, meaning that it has dropped by about 50% this year and by over 93% from its highest level in 2020. So, will the new…
HDFC Bank’s share price has had a volatile time in 2024. After a rough start to the year, the stock has made some recovery in the second half of the year. Brokerage firm Emkay Global remains bullish on stock to continue its up move. The analysts have maintained the ‘buy’…
European stock markets were mixed on Monday as trading commenced in a shortened week ahead of the Christmas holidays. Activity remained muted, with markets across Europe set to close early on Christmas Eve and remain shut on Christmas Day. The pan-European Stoxx 600 index hovered slightly above the flatline during…
As the global economy moves into 2025, the optimism of a post-pandemic recovery is fading. While 2024 saw central banks easing interest rates and stock markets reaching record highs in the US and Europe, significant challenges loom large. A burgeoning cost-of-living crisis, geopolitical tensions, and climate-related financial strain threaten to…
US President-elect Donald Trump has demanded that Panama reduce its canal fees for American ships or face calls to return the Panama Canal to US control. Addressing a crowd of supporters in Arizona, Trump criticized Panama’s pricing policies as “exorbitant” and “highly unfair,” claiming they impose an undue burden on…
Despite rising geopolitical tensions, gold prices have been lacking bullish conviction, according to experts. Prices were little changed on Monday as the market tread cautiously in the wake of the Federal Reserve’s hawkish comments for 2025. Last week, prices had fallen sharply after the US Fed’s policy meeting, in which…