Mixue could face challenges in growing its footprint in the tier 1 cities, according to a Zephirin Group analyst.Longdley Zephirin’s remarks arrive only hours after shares of China’s largest bubble tea chain rallied more than 40% on their Hong Kong debut.Mixue sold a total of 17.06 million shares in its…
Kroger announced on Monday that CEO Rodney McMullen has stepped down following a board investigation into his personal conduct. The company said that his personal conduct, “while unrelated to the business, was inconsistent with Kroger’s Policy on Business Ethics.” It did not specify the nature of the misconduct.The board was…
Binance will delist several stablecoins in the European Economic Area (EEA) to align with the Markets in Crypto-Assets Regulation (MiCA).The exchange will remove spot trading pairs for EEA users, affecting nine stablecoins, including Tether’s USDT and Dai. Binance announced the decision on March 3 as part of its compliance measures…
The US has threatened tariffs on Mexican goods, but Mexican President Claudia Sheinbaum has assured her country that contingency preparations are already in place.Sheinbaum said during a Monday press conference that Mexico was ready for whatever the US government decides about trade and security issues, as per a Reuters report.As chatter rises,…
All eyes are on Anthropic this morning as it closed a deal to raise $3.5 billion in fresh capital. The latest funding round valued the OpenAI rival at a whopping $61.5 billion.Anthropic’s new milestone underscores continued interest in artificial intelligence startups that many believe will shape the future of technology.Notable…
China has vowed to respond to new US import tariffs set to take effect on March 4, escalating trade tensions between the world’s two largest economies. The Chinese Commerce Ministry condemned the latest round of duties imposed by the Trump administration, calling them an attempt to “shift the blame” and…
Chinese stocks have been “dead money” for an investment point of view for quite some time, but Michael Gayed of “The Lead-Lag Report” believes that could change in 2025. The market veteran now expects Chinese equities to outperform their US counterparts over the next four years.“If you’re going to do a…
All eyes are on iDEGEN this morning as it prepares to launch on BitMart in just a few hours.Investors flocked to the meme coin during the presale, believing continued interest in artificial intelligence enabled platforms could drive significant price gains in 2025.“Every time someone tweets at iDEGEN, its AI absorbs…
The iShares Silver Trust (SLV), the largest silver-affiliated ETF, has been in the green for 6 out of the past 9 weeks. On Monday, it held steady above the crucial support zone of $28.00 to trade at $28.91 as at the time of writing.Heightened safe haven demand, coupled with the…
The S&P 500 index crashed to its lowest level since January this year as most constituent components plunged. It dropped to a low of $5,850 on Monday, down sharply from the year-to-date high of $6,127. Other indices like the Dow Jones and the Nasdaq 100 also plunged. Here are the…