Nvidia shares surged in premarket trading Thursday after the chipmaker posted robust quarterly results that exceeded Wall Street expectations. However, the celebration was tempered by renewed criticism from US lawmakers concerned over Nvidia’s planned facility in Shanghai in China, according to a report by The Wall Street Journal, in an…
Britain’s Less Common Metals (LCM) intends to establish a new plant in France, Reuters reported on Thursday. This initiative involves a collaboration with a French recycling company, according to LCM’s majority owner and chairman.This move represents a further effort to broaden the sources of rare earth elements for Western nations. These…
A US court determined that US President Donald Trump overstepped his authority by using the 1977 International Emergency Economic Powers Act (IEEPA) to enact tariffs. This ruling directly impacts the 10-30% tariffs levied on goods from China, Canada, Mexico, and other countries. However, the sectoral tariffs on steel, aluminum, and automotive products…
In the first quarter of 2025, U.S. corporate profits experienced a decrease of $118.1 billion, following a substantial gain of $204.7 billion in the previous quarter, said the Commerce Department’s Bureau of Economic Analysis (BEA). Simultaneously, the real gross domestic product (GDP) contracted at an annual rate of 0.2%, according to…
In a significant development for its agricultural sector, particularly its robust beef export industry, Brazil has been officially recognized by the World Organization for Animal Health (WOAH) as a country free of foot-and-mouth disease (FMD) without the need for vaccination. This landmark announcement was jointly confirmed by a high-ranking Brazilian government…
The Trump administration signaled Thursday that it may ask the US Supreme Court as early as Friday to temporarily reinstate tariffs that were blocked by a federal trade court ruling this week, as per a CNBC report.In a court filing, the administration said it would seek “emergency relief” from the…
The security of Germany’s gold reserves stored abroad, especially in New York, has transitioned from a fringe topic discussed primarily by the far-right and gold enthusiasts to a subject of broader public discussion following Donald Trump’s return to the White House.The Alternative for Germany (AfD), a right-wing party in Germany,…
Core inflation in Japan’s capital surged to a more than two-year high in May, primarily driven by persistent increases in food costs, according to data released on Friday. This development intensifies the pressure on the Bank of Japan (BOJ) to consider further interest rate hikes, even as separate figures revealed…
Elon Musk is diving back into his companies, declaring a renewed, round-the-clock focus on Tesla, SpaceX and his AI venture xAI, just as each prepares for high-stakes moves that could shape their futures. On Wednesday evening, Musk announced he was stepping away from his role at the Department of Government…
Shares in M&G surged more than 6% Friday, reaching their highest level in over a year, after the British financial group announced a long-term partnership with Japanese insurer Dai-ichi Life. As part of the deal, Dai-ichi Life will acquire a 15% stake in M&G, making it the company’s largest single…