Apple’s planned handover to hardware chief John Ternus landed like a re-rating event for Asia’s supplier base, especially the China-heavy names.Apple said on Monday that Tim Cook will become executive chairman and that Ternus will take over as chief executive on September 1, 2026.The move is described as a “thoughtful,…
Coinbase-backed x402 has rolled out a new marketplace designed to help AI agents discover and pay for digital services without relying on traditional API access.Coinbase product lead Nick Prince said in a video posted on X on Monday that the new platform, Agentic.market, is built to “give humans and their…
Wall Street’s AI trade is broadening again, and Morgan Stanley wants investors to look beyond the chips that have dominated the first leg of the rally.In a note on April 20, the bank said increasingly autonomous, so-called agentic AI could lift demand for CPUs and memory.The development could reshape data-center…
Taiwan’s export orders recorded their sharpest annual increase in more than 16 years in March, climbing 65.9% year-on-year to $91.12 billion.The surge came as demand for artificial intelligence hardware and advanced semiconductors drove strong gains across key product categories and trading regions.The figures significantly exceeded market expectations of a 41.0%…
UnitedHealth Group reported stronger-than-expected quarterly results on Tuesday, easing investor concerns that rising medical costs would weigh further on its earnings.Shares in the US’s largest private health insurer surged roughly 7% after the company posted first-quarter results that beat analyst estimates on both the top and bottom lines.UNH rally on…
US stock index futures edged higher on Tuesday as investors leaned back into the artificial-intelligence trade, taking comfort from strong corporate earnings and fresh signs that big technology companies are still willing to spend aggressively.The result was a market that appeared increasingly prepared to look past renewed violence in the…
JPMorgan has raised its year-end target for the S&P 500 to 7,600, arguing that stronger artificial-intelligence earnings and an improved market response to geopolitical risk have created room for further gains. The upgrade marks another shift higher in Wall Street’s outlook after a period in which concerns over war, oil…
London equities edged higher on Tuesday as tentative signs of renewed US–Iran engagement supported risk appetite, lifting banks and other cyclical sectors.The advance was modest and uneven, however, with stock-specific developments continuing to drive dispersion across the index. Consumer names lagged after Associated British Foods outlined plans to separate Primark…
The ongoing closure of the Strait of Hormuz, following seven turbulent weeks of war, has amplified global economic uncertainty, with a new analysis suggesting that central bank actions—particularly in the short term—will dictate the immediate winners and losers in the foreign exchange markets.Thu Lan Nguyen, head of FX and commodity…
Unemployment in the United Kingdom unexpectedly fell in the three months to February, offering a brief sign of resilience in the labour market.However, economists and business groups warn that the fallout from the Middle East conflict is likely to reverse this trend, with rising energy costs expected to weigh on…