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…
Voters in Greenland are heading to the polls on Tuesday in a crucial parliamentary election, with the long-standing issue of independence from Denmark taking center stage. The vote also comes amid renewed interest from US President Donald Trump, who has repeatedly suggested that the United States should take control of…
Singapore iron ore futures experienced an upswing on Tuesday, fueled by optimistic projections of heightened demand from the steel industry. These expectations are tied to the anticipated resumption of production by steelmakers in northern China, a region that holds significant sway as the world’s leading consumer of iron ore. The resumption is…
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…
The upcoming election in Australia will gauge public opinion on nuclear energy as a solution to the country’s long-term energy requirements and rising living costs. However, immediate energy transition plans may be hindered by energy security concerns arising from grid instability, power shortages, an impending gas shortage, and infrastructure limitations, Rystad…
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…
Investors should consider owning TJX Companies Inc (NYSE: TJX) on the recent pullback as the discount retailer stands to benefit from Trump tariffs, according to analysts at UBS.The investment firm expects TJX to tap on its network of more than 21,000 vendors worldwide to navigate higher tariffs on the likes…
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…
The long-running legal battle between former Philippine President Rodrigo Duterte and the International Criminal Court (ICC) took a decisive turn on Tuesday as authorities arrested him upon arrival at Manila’s main airport. The move underscores the ICC’s determination to investigate the controversial anti-drug campaign that defined Duterte’s presidency.The arrest comes…