The Plug Power stock price has crawled back after plunging to a low of $1.61 in September last year. It bounced back to a high of $3.30 this week, its highest level since July 26 of last year. Then, on Wednesday, it retreated to $2.67, a trend that may continue…
Tesla has unveiled a refreshed version of its best-selling Model Y in China, taking direct aim at intensifying competition in the world’s largest electric vehicle (EV) market. With rival automakers like BYD and Xiaomi making significant gains, Tesla’s strategic redesign highlights the evolving dynamics of the Chinese EV industry, where…
Taiwan Semiconductor Manufacturing Co (TSMC), the world’s largest contract chipmaker, reported robust fourth-quarter revenue growth for 2024, reflecting the accelerating impact of artificial intelligence (AI) on the semiconductor market. Revenue surged by 34.4% year-on-year, reaching T$868.42 billion ($26.36 billion), surpassing market expectations. The AI boom has not only offset the…
Accenture’s stock price has moved sideways in the past few months, but a recent positive report from Tata Consultancy Services (TCS), a leading Indian competitor, could be a catalyst. This week, it was trading at $350, down 5.18% from its highest level in November last year. IT spending to increase…
Indian food delivery giant, Swiggy’s share price has had a rough start to the new year. Since the start of 2025, the stock has corrected around 10% but still trades above its IPO price of ₹390. However, analysts at ICICI Securities think the stock can turn things around. Swiggy share…
The search for effective Alzheimer’s treatments is emerging as a promising market, capturing the attention of major pharmaceutical companies and investors alike. With Bloomberg Intelligence estimating that the Alzheimer’s treatment market could reach $13 billion by 2030, the stakes are high. Leading firms such as Biogen Inc., Eli Lilly &…
Elon Musk’s X, the social media platform formerly known as Twitter, is introducing profile labels to clearly identify parody, commentary, and fan accounts. This move aims to reduce misinformation and confusion, especially as parody accounts have often been mistaken for official entities. The labels, currently optional, are part of X’s…
President Joe Biden’s administration is set to announce short-term guidance on clean fuel tax credits on Friday, according to a Reuters report. The Biden administration is likely to leave final decisions on clean fuel tax credits to President-elect Donald Trump when he takes office at White House on January 20,…
Italian luxury brand Prada may be considering acquiring Versace, according to a report from Il Sole 24 Ore. The speculation comes as Versace’s owner, Capri Holdings Ltd., has enlisted Barclays to explore strategic options for the iconic label and other brands in its portfolio, including Jimmy Choo, to better focus…
The DAX index has started the year well, rising for five consecutive days and hovering near its highest level on record. It was trading at €20,320 on Friday, a few points below the all-time high of €20,520. So, these are the top companies boosting the German DAX 40 index in…