South Korea’s SK Hynix has announced that it is ready to mass produce its sixth-generation high-bandwidth memory (HBM4) chips, marking a decisive step in the competition to supply critical components for artificial intelligence computing. The company said on Friday that it had completed internal validation and quality checks for the…
US prosecutors have moved to dismiss charges of alleged fentanyl trafficking against an Indian pharmaceutical executive, marking a rare reversal in Washington’s intensifying campaign against the global supply chain of synthetic opioids. The decision shifts attention back to India’s role in the trade, after recent intelligence reports identified the country…
Asian equities ended the week on a strong note, tracking Wall Street higher as investors priced in further US Federal Reserve interest rate cuts. A combination of rising US jobless claims, inflation data that aligned with expectations, and easing tariff concerns lifted investor sentiment across the region.Lower bond yields and…
Thursday’s evening wrap covers major developments from politics, finance, and the economy. President Trump’s announcement to honor conservative activist Charlie Kirk stirred debate, while Figure Technology’s stock soared in a blockbuster Nasdaq debut. Infosys announced a $2 billion share buyback, and US inflation data showed an unexpected rise, complicating the…
US markets experienced significant developments on Thursday, including a sharp rally in Warner Bros. Discovery shares amid takeover speculation. Domestically, the economic backdrop turned more complex as jobless claims spiked and inflation data ran hotter than expected, setting the stage for a pivotal Federal Reserve policy meeting. Meanwhile, former President…
The long, chaotic chapter that nearly tore OpenAI apart is finally nearing its end. The world’s most influential artificial intelligence company announced on Thursday that it is close to converting into a more traditional for-profit entity, a monumental shift that involves a hard-won peace treaty with its top shareholder, Microsoft,…
A day of significant developments is underway across the Asia-Pacific, as a Wall Street giant makes a key strategic hire in Hong Kong, a top investment bank flags a bullish trend in China’s secretive oil market, and a major cyberattack in Vietnam raises fears of a massive personal data breach.These…
Gold’s price action offers significant insights into the global economy and financial markets, demonstrating that it is more than merely a safe haven asset, according to Amy Gower, Metals & Mining Commodity Strategist at Morgan Stanley.“Gold has always been the go-to asset in times of uncertainty,” Gower was quoted in…
Alibaba shares rallied on Friday after the Chinese technology giant unveiled a series of initiatives to expand its artificial intelligence and cloud capabilities, reinforcing investor confidence in its long-term growth trajectory.The company’s Hong Kong-listed stock rose 5.9% to HK$151.80, equivalent to US$19.49, by midday, placing it on track for its…
Ocado’s share price fell sharply on Friday after US grocery partner Kroger signalled a strategic rethink of its warehouse investments, triggering concerns over the British online grocer’s growth prospects in the world’s largest retail market.The stock dropped more than 11% in London trading, extending a recent slide that has wiped…