The Celsius Holdings stock price has imploded in the past few months, ending one of the biggest rallies on Wall Street. It initially soared from $1.82 in January 2020 and peaked at near $100 last year. It has now erased most of those gains and is trading at $25, a…
ByteDance, the Chinese parent company of TikTok, has earmarked over 150 billion yuan ($20.64 billion) for capital expenditures in 2025, with a substantial portion of the funds being directed toward artificial intelligence, according to sources with knowledge of the matter. This significant investment demonstrates ByteDance’s commitment to becoming a major…
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Citi has revised its oil price outlook for 2025, citing heightened geopolitical risks surrounding Russia and Iran. The bank’s updated forecasts suggest increased volatility in the oil market, particularly during the first half of the year, while also acknowledging the potential for prices to ease later in the year. This…
Oil and gas exporters in Indonesia will be exempted from the new rule mandating that all proceeds from natural resource exports be kept onshore for a year, according to a Reuters report. The exemption comes after companies raised concerns about the Indonesian rule’s potential impact on their cash flows and…
As US President Donald Trump considers imposing a 25% tariff on imports from Canada and Mexico, policymakers, economists, and industry leaders are focusing on the sectors that would be most significantly impacted by such a decision. These prospective duties, set to be discussed on February 1, 2024, fall under the…
President Donald Trump has issued a stark warning to his Russian counterpart, Vladimir Putin, urging him to reach a deal to end the conflict in Ukraine “now” or face the consequences of increased tariffs and further sanctions. This ultimatum, delivered via Trump’s Truth Social network on Wednesday, signals a significant…
In just his second day in office, Donald Trump announced a $500 billion initiative to transform the United States into the global leader in artificial intelligence. The “Stargate Project” is backed by some of the most prominent leaders in the industry, such as OpenAI, Oracle, Softbank and MGX (an Abu…
Saudi Arabian Crown Prince Mohammed bin Salman has informed President Donald Trump of the kingdom’s plan to invest $600 billion in expanded trade and economic ties with the United States over the next four years, according to Saudi Arabia’s state news agency. During a phone conversation, Crown Prince Mohammed said…