The FTSE 100 Index has retreated sharply in the past few weeks and underperformed its global peers like the S&P 500, Nasdaq 100, and Kospi. It ended last week at 10,195, down from the year-to-date high of 10,931. This article looks at the key catalysts that will drive the Footsie…
Chinese electric vehicle maker XPeng said on Monday it had started mass production of its first robotaxi at its Guangzhou headquarters, as the company accelerates efforts to expand its autonomous driving business amid rising competition in China’s electric vehicle market.The company said the robotaxi is built on its GX platform…
ServiceNow stock price has tumbled in the past few months, erasing billions of dollars in value as the market capitalization has dropped from $233 billion to $98 billion. NOW has tumbled amid the rising concerns that artificial intelligence tools will disrupt its business model. So, is it safe to buy…
Elon Musk said on Monday that fully self-driving vehicles operating without human safety monitors are expected to become more common across the United States later this year, following their introduction in Texas.Speaking via video link at the Smart Mobility Summit in Tel Aviv, Musk said self-driving cars were already operating…
US stock index futures fell on Monday as rising Treasury yields and oil prices renewed pressure on equities and revived concern that borrowing costs may stay elevated for longer. Futures tied to the Dow Jones Industrial Average fell 373 points, or 0.8%, while contracts linked to the S&P 500 and…
The S&P 500 Index and its top ETFs like the popular VOO and SPY have been in a strong surge recently. They jumped in the last seven consecutive weeks and settled near their all-time highs. This article explores some of the top stock market news that will drive them this…
China’s economic momentum weakened sharply in April as factory production, retail spending and investment all fell short of expectations, adding to concerns over the durability of the country’s recovery.Official data released by China’s National Bureau of Statistics and reported by Reuters showed broad-based weakness across key sectors of the economy,…
Southeast Asia’s power demand from green industrial parks, data centres, and electric vehicles is expected to increase threefold to more than 100 terawatt-hours over the next three to four years, according to a report published by Bain & Company and Standard Chartered.The report said the increase in demand from these…
European stock index futures are diving today, May 18, as geopolitical tensions and bond yields jump. The FTSE 100 Index futures dropped by 1.71%, while the DAX Index and CAC 40 retreated by over 1%. The broad Stoxx 50 Index futures fell by over 1.3%.FTSE 100, DAX, CAC 40, and…
The WTI crude oil price jumped to $103.3 on Monday morning as investors bet that the US and Iran will go back to war. Brent, the global benchmark, rose to $111.27, its highest point since May 5. These gains may accelerate in the near term if the war resumes.Donald Trump…