On Saturday, the United States will mark one month since the federal government officially shut down — one of the longest and most disruptive shutdowns in the nation’s history. What began as a political standoff over spending priorities has spiralled into a nationwide crisis affecting millions of Americans, from federal…
China has taken a significant step toward easing tensions in the global semiconductor supply chain by announcing it will exempt certain Nexperia chips from an export ban that has rattled automakers worldwide.This move comes just days after a pivotal meeting between US President Donald Trump and Chinese President Xi Jinping…
Pfizer has escalated its fight for obesity biotech Metsera by filing suit against both Metsera and Novo Nordisk in the Delaware Court of Chancery on October 31.The litigation challenges Novo’s bombshell $8.5 billion offer as legally superior to Pfizer’s original $7.2 billion deal announced in September.Metsera’s board declared Novo’s bid…
Canadian Prime Minister Mark Carney publicly confirmed on Saturday that he has apologized to US President Donald Trump for an anti-tariff advertisement funded by Ontario’s provincial government.The controversial commercial, which featured former President Ronald Reagan defending free trade, sparked significant tension between the two nations and prompted Trump to suspend…
Ford stock price staged a strong comeback this year as fears about Donald Trump’s tariffs and China’s rare earth restrictions faded. It has soared by over 61% from its lowest point this year, bringing its market capitalization to over $52 billion.Ford Motor business is doing modestly wellFord, one of the…
The FTSE 100 Index has been in a strong bull run this year and is now trading at a record high of £9,760. It has jumped by 30% from its lowest point this year.The index jumped this week as the earnings season continued, with companies such as Shell, Standard Chartered,…
The Nifty 50 Index has bounced back in the past few weeks and is now hovering near its highest point this year. It was trading at ₹25,813, a few points below the all-time high of ₹26,313. It remains about 20% above its lowest point this year.The Nifty 50 Index has…
The Reddit stock price popped by over 10% in the extended hours after the company published strong financial results and boosted its forward estimates. It jumped to a high of $2[4, up by 175% from its lowest level this year, bringing its market capitalization to over $36 billion.Reddit earnings growth…
In what may become a defining moment for the semiconductor industry, Samsung has announced the creation of an “AI Megafactory” powered by 50,000 Nvidia graphic processing units (GPUs). The initiative aims to revolutionise chip manufacturing for mobile devices and robotics while advancing Samsung’s long-term ambition to become a sovereign force…
European stocks opened lower on Friday as investors navigated a complex mix of signals, weighing a cautious stance from the European Central Bank against strong earnings from US tech giants and a landmark trade truce between Washington and Beijing.The pan-European Stoxx 600 was trading approximately 0.2% lower shortly after the…