Yesterday, Super Micro Computer (NASDAQ: SMCI) saw its stock climb 15.8% after the company disclosed that it had deployed over 100,000 GPUs equipped with its liquid cooling solution for AI factories and cloud service providers. This marked the largest share price increase in seven months. CEO Charles Liang emphasized the…
Amazon’s legal challenge with the US Federal Trade Commission (FTC) over anti-competitive practices will move forward, but the court has dismissed several claims brought by individual states. US District Judge John Chun, in a ruling unsealed on September 30, dismissed claims made by attorneys general from New Jersey, Pennsylvania, Maryland,…
Hyundai Motor India is set to make its debut on the Indian stock market next week, with its initial public offering (IPO) priced between ₹1,865 and ₹1,960 per share ($22 to $23), according to a Reuters report that quoted insiders familiar with the matter. The offering is expected to raise…
Philip Morris (PM) and Altria (MO) stocks have done well this year as investors moved back to tobacco companies. Altria jumped to a record high of $53.9 in September, a 50% increase from its lowest point in 2023. It has risen by over 23% this year. Philip Morris, on the…
Since its much-anticipated IPO in August, Ola Electric has seen a steady decline in both stock price and market sentiment as the EV manufacturer, which once held a dominant share in India’s electric two-wheeler market, now finds itself under mounting scrutiny. On October 7, the Central Consumer Protection Authority (CCPA)…
PepsiCo has revised its organic revenue growth expectations for the year following a continued decline in consumer purchases of its snacks and beverages in the US. The food and beverage giant, headquartered in Purchase, New York, now forecasts a modest increase in organic revenue, with growth in the low single-digit…
State producer Saudi Aramco has increased the official selling price of its main Arab Light crude grade for buyers in Asia, and cut the rates for Europe and the US. The divergent price views for different regions indicate local imbalances in the oil market. According to a report by Bloomberg,…
Donald Trump’s recent wave of tax-cut promises and policy proposals is set to increase the US budget deficit by $7.5 trillion over the next decade, according to a new report by the Committee for a Responsible Federal Budget (CRFB). This estimate is more than double the deficit increase that Kamala…
British Prime Minister Keir Starmer is about to initiate a significant government reset as he navigates a tumultuous first 100 days in office marred by policy missteps, public criticism, and a “freebie” scandal. To regain momentum, Starmer has made critical changes to his leadership team, including the departure of Chief…
Oil prices have had a strange year since the war broke out between Israel and Hamas on October 7, 2023. Exactly a year ago, Hamas, a Palestinian political and militant outfit, launched an attack on southern Israel, killing 1,200 people. That marked the beginning of the war between Israel and…