Shares of Chinese electric-vehicle makers surged in Hong Kong on Tuesday, driven by strong sales forecasts for March and a sharp selloff in Tesla’s stock overnight.NIO’s shares jumped 8.7% by midday, while XPeng rose 6.2%.Zhejiang Leapmotor Technology and Great Wall Motor climbed 4.9% and 1.65%, respectively, outperforming the Hang Seng…
DocuSign stock price has crashed by almost 30% from its highest level this year as concerns about its growth trajectory remained. It has retreated to $77.85, its lowest level since November 19. Is DOCU a good contrarian stock to buy ahead of its earnings on March 13?DocuSign earnings aheadThe main…
Yes, the stock market is now in free fall. In just over a month, the S&P 500 has plunged nearly 9%, the Nasdaq has dropped over 12%, and the Dow Jones has shed nearly 3,000 points. This past Monday’s session alone saw the S&P 500 drop 2.7%, bringing its losses for…
Li Auto stock price will be in the spotlight this week as the company publishes its financial results. Its American shares were trading at $27.56 on Monday, down by almost 18% from its highest level this year, and by nearly 60% from its lowest level in 2024. Its market cap…
American stocks have plunged in the past few days. The S&P 500 index has crashed by over 8.6% from its highest level this year, and is at its lowest point since September 16. Similarly, the Nasdaq 100 index has crashed by over 12%, while the Dow Jones has retreated by…
Canada’s diplomatic stance towards India is set for a reset under the new Prime Minister Mark Carney. The former central banker, who won a resounding victory with 85.9% of the vote, has indicated that his government will prioritise strengthening economic ties with India.This marks a departure from the strained relationship…
In a significant move against corruption in the palm oil industry, Indonesian prosecutors today transferred over 221,000 hectares (546,000 acres) of illegally operated palm oil plantations to a newly established state-owned company, according to a Reuters report. These plantations were seized during an ongoing corruption investigation. The newly formed state-owned company, Agrinas…
MicroStrategy has announced plans to raise up to $21 billion through a stock offering to fund further Bitcoin acquisitions.The move comes even as the company refrains from making new BTC purchases for the second consecutive week, an unusual pause in its typically aggressive buying strategy.Led by Michael Saylor, the firm…
At 12:01 AM on March 4, 2025, President Donald Trump launched the largest trade war in modern US history, imposing tariffs of 25% on Mexican and Canadian imports and doubling duties on Chinese goods to 20%. While some of the tariffs on Canada and Mexico have been eased, tariffs on…
Global market volatility and geopolitical uncertainty have intensified amid President Donald Trump’s return to the White House, with economists warning that the US could be heading for a recession.During an interview on Fox News’ “Sunday Morning Futures,” Trump declined to rule out a downturn, stating, “I hate to predict things…