Just days after sealing a trade truce with the United States that took months of negotiations, China has issued a stern warning to Washington, outlining four sensitive “red lines” that it says must not be crossed if the agreement is to hold.The comments, delivered by China’s ambassador to the US,…
Palantir Technologies Inc. raised its annual revenue forecast after reporting a stronger-than-expected third quarter, but shares of the data analytics firm fell in extended trading as investors questioned whether the company’s rich valuation can be justified.The company said late Monday that revenue climbed 63% from a year earlier to $1.18…
In a significant development, Norway’s sovereign wealth fund, the world’s largest, said it would oppose ratifying Tesla Chief Executive Elon Musk’s proposed $1 trillion compensation plan, citing concerns about excessive size, shareholder dilution, and the risks tied to Musk’s dominant role at the company.The announcement comes ahead of Tesla’s annual…
Ship tracking data revealed on Tuesday that a vessel sanctioned by the European Union is currently offloading Russian naphtha at a port in western India. This port is operated by the Adani group, according to a Reuters report. This discharge marks the first occurrence of its kind since the conglomerate implemented…
The FTSE 100 Index crashed by over 1.25% today, Nov. 4, reaching a low of £9,580, its lowest level since October 24. It has plunged from the year-to-date high of £9.780 as global stocks retreated. Why the FTSE 100 Index crashedThe Footsie Index retreated as global equities plunged after major warnings…
Dow futures plunged over 450 points or 0.76% on Tuesday as traders weighed mixed earnings and questioned whether AI stocks can offset ongoing market concerns.While technology stocks, particularly in the AI sector, have driven gains recently, the Dow’s futures movement suggests profit-taking and some risk aversion ahead of a key…
MSTR stock price has crashed this year and is now hovering at its lowest level since April. Strategy has plunged by over 42% from its highest level this year, and its technicals and fundamentals points to more downside in the near term.MSTR stock price technicals points to more downsideThe daily…
The S&P 500 Index had a mixed performance last week as investors reacted to corporate earnings by most Magnificent 7 companies and the Federal Reserve interest rate decision. Most big-tech companies, especially Amazon, published strong financial results, helped by the artificial intelligence tailwinds. This pushed its stock to a record high,…
XPeng stock price has held steady in the past few days, moving to a high of $24, its highest point since October 9. It has jumped by over 45% from its lowest level this year. It rose by 257% from last year’s low of $6.56. XPeng sales surge continuesXPeng stock price…
The crypto market is crashing today, with Bitcoin and most altcoins being in the red. Bitcoin is in a deep correction after falling by over 15% from its highest point this year. Other top cryptocurrencies like Virtuals Protocol (VIRTUAL), SPX6900 (SPX), Aerodrome Finance (AERO), Sei (SEI), and Optimism (OP) falling by…