MetaX Integrated Circuits Shanghai Co. delivered one of the most dramatic stock market debuts in China in recent years, underscoring intense investor enthusiasm for domestic artificial intelligence chipmakers amid Beijing’s push for semiconductor self-sufficiency.Shares of the company surged as much as 755% intraday on Wednesday after its initial public offering,…
Global markets opened on Wednesday with investors digesting a mix of technology dealmaking, uneven economic signals, and sharp moves in commodities. Early-stage talks between OpenAI and Amazon pointed to intensifying competition in artificial intelligence, while Asian equities edged higher amid strong IPO activity in China. In the United States, attention…
The oil market currently sits between two distinctive scenarios, involving the growing supply risk from Venezuela, and prospect of a peace deal between Russia and Ukraine. On one hand, the prospect of a potential peace agreement in the Russia and Ukraine war could see sanctions on Russian oil disappear quickly. This…
The BT share price has pulled back in the past few months, undoing some of the gains it made earlier this year. It was trading at 182.40p, down by 16% from its highest point in August this year. This price is still much higher than the year-to-date low of 133p.BT…
Medical-supplies distributor Medline has raised $6.26 billion in an initial public offering, claiming the title of the largest IPO of the year and securing a valuation of more than $50 billion. The US-based company, backed by private equity groups Blackstone, Carlyle and Hellman & Friedman, said on Tuesday it sold…
The Dow Jones Index dropped for three consecutive days as jitters surrounding the artificial intelligence (AI) industry continued. It dropped to $48,115, down modestly from the year-to-date high of $48,847.Dow Jones Index has pulled back amid AI jitters One main reason why the Dow Jones Index has pulled back in the…
For most of the past two decades, China’s economy could solve slow growth by pulling one of three levers. It could push investment, lift property, or sell more to the rest of the world. Today, one lever is broken, another is politically constrained, and the third is provoking resistance abroad.…
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US nonfarm payrolls rose by 64,000 in November, beating forecasts but revealing deeper cracks in the labor market that sent Bitcoin briefly slipping below the mid-$86,000 area. While the headline jobs number was better than the worst-case fears, the uptick in the unemployment rate to 4.6% triggered a conflicting wave of…