ZoomInfo (ZI) is riding high after a strong fourth-quarter earnings report sent its stock soaring, but that’s not stopping founder and CEO Henry Schuck from doubling down on his belief in the company’s long-term value. In fact, Schuck is signaling even more aggressive share repurchases, convinced that the market is…
As it prepares for a potential initial public offering (IPO) in London, fast-fashion retailer Shein is facing renewed scrutiny over its supply chain practices. The company disclosed to British lawmakers that it uncovered two cases of child labor at its suppliers in 2024, the same number as in 2023, despite…
Stacks, a prominent layer-2 solution designed to unlock the potential of Bitcoin for decentralized finance (DeFi), is gaining significant momentum. The platform announced today that a number of major institutions are adopting sBTC, a 1:1 Bitcoin-backed, decentralized programmable asset, as a key component of their Bitcoin strategies.Since its mainnet launch…
The world’s largest spiritual gathering, the Mahakumbh Mela in Prayagraj, concluded on Wednesday after a 45-day run that witnessed an unprecedented 66 crore devotees taking a holy dip at ‘Sangam’—the confluence of the Ganga, Yamuna, and the mythical Saraswati rivers. While the event was primarily a religious and cultural spectacle,…
Asia-Pacific markets were mixed on Thursday as investors weighed fresh tariff threats from US President Donald Trump and reacted to corporate shake-ups in Japan. While Australia’s ASX 200 gained, Japan’s Nikkei 225 hovered around the flatline, and South Korea’s Kospi extended losses. Meanwhile, Seven & i Holdings plunged after a…
Elon Musk, as head of the Department of Government Efficiency (DOGE), took center stage at Donald Trump’s first Cabinet meeting of his second term, outlining his aggressive plans to cut federal spending.The billionaire Tesla and SpaceX CEO presented DOGE’s mission as an urgent effort to prevent what he called an…
Shares in Rolls-Royce (RR) surged more than 15% at the start of trading, as investors welcomed the UK engineering giant’s financial revival. The stock jumped to 735p per share, marking a strong vote of confidence in the company’s transformation under chief executive Tufan Erginbilgiç.For the first time since the COVID-19…
The South African rand strengthened a bit against the US dollar as traders watched the latest South African inflation data and the upcoming tariffs from the United States. The USD/ZAR exchange rate traded at 18.55 on Thursday morning, down from the year-to-date high of 19.25. What next for the USD to…
The Nifty 50 index pulled back this year and moved into a correction phase as concerns about valuation, slow growth, and Donald Trump’s tariffs accelerated. The index, which tracks the biggest Indian companies, dropped to 22,255 on Thursday, down by about 14% from the lowest point this year. Here are…
The Direxion Daily Semiconductor Bull 3X Shares ETF (SOXL) has suffered a big reversal in the past few months as signs emerged that the artificial intelligence (AI) bubble was starting to fade. The SOXL ETF, which provides a leveraged exposure to the biggest semiconductor companies, retreated to $26.30, down by…