Shares of Xiaomi Corp dropped as much as 8.7% to HK$47.5 on Monday, hitting their lowest level since April 30, after reports of a fatal crash involving one of its electric vehicles in China. The decline marked the steepest single-day drop since April before the stock pared some losses. Xiaomi…
The Dow Jones Index plunged by almost 2% on Friday as geopolitical risks between the United States and China accelerated. It plunged to a low of $45,480 as we had predicted a few hours before that. This article explores some of the top catalysts that will move the Dow Jones…
The Royal Swedish Academy of Sciences announced the winners of the 2025 Nobel Prize in Economics on Monday.This year’s Nobel Prize in Economics will be awarded to Joel Mokyr, Philippe Aghion, and Peter Howitt for their groundbreaking work on innovation-driven economic growth.The trio was honoured for their exceptional contribution to…
Dow futures received a major bump on Monday as the US President indicated a softer stance of geopolitical tensions. Just hours before Wall Street is set to open, Dow futures are trading 450 points up.The futures tied to S&P 500 futures and Nasdaq-100 futures also displayed gains on Monday as…
The London-based artificial intelligence company Wayve is in talks to raise as much as $2 billion from Microsoft and SoftBank, as per a Financial Times report.The discussions could see the company’s valuation rise to about $8 billion, the report said, citing sources, though a final figure has not yet been…
The geopolitical tensions flared up again on Sunday as at least 58 Pakistani soldiers are reported to be killed and dozens more injured following fierce overnight clashes along the contested Pakistan-Afghanistan border.This is the deadliest escalation in years between the two countries, and threatens to deepen instability in the region,…
A triumphant and supremely confident President Donald Trump has declared an end to the brutal two-year war in Gaza, a bold and perhaps premature proclamation delivered from the cabin of Air Force One as he embarked on a high-stakes peace tour of the Middle East. The lightning trip, a carefully…
A day of significant global developments is underway, as Argentina’s finance chief touts a powerful US backstop for his nation’s battered currency, a major new company makes a strong debut on the booming Indian stock market, and Canada embarks on a delicate diplomatic mission to Asia.Here’s your one-stop stand to…
China’s refinery runs hit its highest levels this year during September, which led to a rise in oil imports by 3.9% compared to the same month last year. The Asian giant purchased 47.25 million metric tons of crude oil last month, according to data from the General Administration of Customs. The…
Donald Trump’s new plan to double tariffs on all Chinese imports has reignited one of the world’s most important economic rivalries. And it’s not even the first time this year.The current situation goes beyond another tariff battle. It is a fight over time, as China has found a far more…