Asian equities were broadly lower as investors exercised caution ahead of the US nonfarm payrolls data, which is expected to shape the Federal Reserve’s monetary policy outlook. Global financial markets have experienced volatility at the start of the year, with rising Treasury yields reflecting moderated expectations for Fed rate cuts.…
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…
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 &…
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…
American credit scores are on a downward trajectory, and WalletHub’s latest data paints a concerning picture. Over the past year, every state in the US has experienced a drop in average credit scores, signalling that the financial stress is not confined to specific regions but is a systemic issue. This…
The United States Supreme Court is set to hear arguments on Friday in a pivotal case that will determine whether the federal government can enforce a nationwide ban on TikTok. At the heart of this debate lies a contentious question: does TikTok, owned by Chinese-based ByteDance, pose a significant national…
The Hang Seng and Shanghai Composite indices have retreated this month as traders focus on the falling Chinese bond yields. The Shanghai Composite Total Return Index retreated to CNY 3,570, its lowest level since October 18 and 12.6% below its highest level in 2023. Similarly, the Hang Seng fell to…
The USD/CAD exchange rate held steady and hovered near iits highest level this year as US bond yields continued rising ahead of the upcoming nonfarm payrolls (NFP) data. It was trading at 1.4400 also ahead of the Canadian jobs numbers. It has also formed a hanging man on the weekly…
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…