China has unveiled a new carbon-peaking action plan that targets new energy vehicles (NEVs) accounting for 30% of the country’s total vehicle fleet by 2030, marking a significant step in the electrification of the world’s largest automobile market.The State Council on Thursday released the “15th Five-Year Plan” Carbon Peaking Action…
We’ve just waved goodbye to the first half of 2026, and now investors are girding their loins for the second quarter earnings season. This begins next week when a large chunk of the giant US financial institutions report. This includes the world’s largest bank by market capitalisation, JP Morgan Chase,…
US futures steadied on Thursday, suggesting investors were not ready to abandon risk after another flare-up in the Gulf. Fresh US strikes on Iran and Tehran’s response had briefly pushed oil higher and revived inflation fears, but crude cooled from its highs before the open.That gave equities room to recover,…
US President Donald Trump has reignited his long-running dispute with Spain by threatening to cut off trade with the country over its refusal to back NATO’s new defence spending target.He also broadened his criticism of European allies over their stance on the recent conflict with Iran.Speaking to reporters ahead of…
Federal Reserve officials were divided over the future direction of interest rates at their June policy meeting, with policymakers considering scenarios that could justify either rate cuts or additional hikes, according to minutes released Wednesday.The Federal Open Market Committee (FOMC) unanimously voted to keep the benchmark federal funds rate unchanged…
Nvidia stock remains under pressure this week as the recent sell-off continues. It dropped to $189, down by 18% from its highest point this year, with its valuation falling by nearly $1 trillion. Still, the stock has formed a highly bullish pattern and has landed at a core support, suggesting…
Nio stock price dropped below a crucial support level as demand for Chinese electric vehicle shares fell. It dropped to a multi-month low of $4.88 in New York, down by 40% from its highest point this year despite its strong delivery numbers.Nio’s vehicle deliveries are soaringNio has emerged as one…
Celestica stock has done well in the past few years, helped by the ongoing artificial intelligence (AI) boom. Its US stock has jumped by 125% in the last 12 months and by over 4,500% in the last five years. Its $40 billion valuation has made it one of the biggest…
Plug Power stock extended its sharp sell-off this week, falling to its lowest level since April 2. The shares have plunged 45% from their highest level this year and have slipped below the 200-day moving average, while short interest remains elevated despite the company’s ongoing turnaround efforts.Rising short interest despite…
The Kospi Index has retreated into a technical bear market after falling by 23% from its highest point this year. This sell-off continued today as it plunged to its lowest level since May 20th. So, will the blue-chip index fall further, or will it stage a comeback?Why the Kospi Index…