France’s inflation rate took a significant dip in September, falling to 1.5%, down from 2.2% in August, according to preliminary data released by the National Institute of Statistics and Economic Studies (Insee) on Friday. The primary drivers behind this significant decrease include a notable reduction in energy prices, particularly petroleum…
Jefferies has downgraded Hersheys from “hold” to “underperform” on expectations that the chocolate maker is likely to face significant challenges over the next three years on account of a decline in sales and margin compression. Jefferies lowered its price target for Hershey from $184 to $163, representing a potential 16%…
Nio Inc (NYSE: NIO) opened more than 10% up on Thursday after a JPMorgan analyst issued a super bullish note in its favour. Nick Lai now sees upside in the EV stock to $8.0. Lai attributed his constructive view primarily to the company’s mass-market ONVO brand that launched an all-new…
Qualcomm Inc (NASDAQ: QCOM) is reportedly interested in taking over Intel Corp (NASDAQ: INTC) to potentially strengthen its footprint in servers and the PC market. But the AI darling Nvidia Corp (NASDAQ: NVDA) could be a better suitor for the once-dominant chipmaker that’s lost more than 60% in 2024. Why?…
Tech stocks have done exceptionally well this year and that outperformance will likely continue for another six months, as per nearly half of the CFOs who participated in a recent CNBC survey. Still, only 3.0% of the chief financial officers said their companies were spending on new AI capabilities even…
China’s industrial profits plunged 17.8% in August compared to the previous year, signaling growing concerns over the country’s economic slowdown. The sharp decline, reported by the National Bureau of Statistics on Friday, comes after a brief recovery in July when profits saw a 4.1% year-on-year increase — the fastest pace…
The CAC 40 index soared this week, thanks to ongoing stimulus measures by the Chinese government and actions by the Federal Reserve and the European Central Bank (ECB). It soared to a high of €7,740, its highest point since June 13. It has risen by over 10% from its lowest…
Chinese stocks surged on Friday, on track to close their best week since the 2008 global financial crisis, driven by optimism over new government stimulus measures. The CSI 300 Index, a key benchmark for China’s largest companies, climbed as much as 3.8%, marking an impressive 15% gain for the week.…
Shares of Hong Kong’s major property developer New World Development surged by 23% after the unexpected resignation of CEO Adrian Cheng, a prominent figure from the company’s founding family. The Hong Kong-listed company saw its stock price jump when trading resumed on Friday, after being temporarily halted for a major…
Shigeru Ishiba, a seasoned moderate politician, will be Japan’s next prime minister after winning the leadership election of the governing Liberal Democratic Party (LDP). The 67-year-old former defense minister secured victory over his right-wing rival, Sanae Takaichi, by 215 votes to 194 in a runoff election held at the LDP…