Typhoon Shanshan wreaked havoc across large parts of Japan, bringing torrential rain that led to warnings of flooding and landslides hundreds of miles away from the storm’s center. The southwest region of Kyushu bore the brunt of the storm, with authorities describing it as potentially one of the strongest storms to hit the area. In
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Serbia’s President, Aleksandar Vucic, is set to meet with French President Emmanuel Macron in Belgrade to discuss various important issues. Among these topics are the potential purchase of Rafale fighters made by Dassault Aviation, as well as cooperation in the fields of energy and artificial intelligence. This visit comes amidst Serbia’s efforts to navigate its
Vale, the Brazilian mining company, recently announced Gustavo Pimenta as the new Chief Executive Officer (CEO) in an effort to quell market speculation surrounding potential candidates for the position, according to the company’s chairman. This decision was made to streamline the succession process ahead of schedule and to provide clarity to investors and stakeholders. As
The ongoing trial involving the Federal Trade Commission, grocery chain Kroger, and rival Albertsons has brought to light the intersection of antitrust laws and labor market dynamics. Chair Lina Khan’s initiative to utilize antitrust laws to safeguard workers’ rights is being put to the test in this high-profile case. The implications of this trial go
The S&P 500 closed lower at the end of the trading day on Monday, partly due to the anticipation surrounding Nvidia’s upcoming quarterly report. The stock of the AI giant, Nvidia, fell by 2.25% ahead of its report scheduled for Wednesday, creating angst amongst investors. This decline in Nvidia’s stock price raised concerns among market
Evercore ISI analysts are recommending buying Nvidia (NASDAQ:NVDA) stock ahead of the chipmaker’s upcoming earnings report for the July quarter. Despite worries about potential delays in the release of the Blackwell system, the investment bank believes these concerns are exaggerated. Demand for Nvidia’s systems remains strong, with a 20% quarter-on-quarter increase in hyperscale capital expenditure
The analysts at Wells Fargo Investment Institute have predicted that despite the anticipated rate cuts by the Federal Reserve in 2024 and 2025, the US dollar will remain strong. They have highlighted several factors that contribute to this forecast, including interest rate differentials, global economic conditions, and the performance of the US dollar compared to
Australia’s bank regulator, the Australian Prudential Regulation Authority (APRA), has increased the amount of spare cash that ANZ, the country’s third-largest lender, must hold in response to suspected misconduct at its bond trading unit. Originally, a A$500 million capital add-on was imposed on ANZ and other major banks in 2019 during a crackdown on industry
The Chinese electric vehicle manufacturer, BYD, has been actively seeking a location in Mexico to establish a new manufacturing plant. According to the firm’s country head, Jorge Vallejo, BYD has narrowed down its list of potential states to three and is currently evaluating various incentives being offered by each state. These incentives may include fiscal
In the ever-evolving landscape of finance, digital assets have been gaining momentum among institutional investors. Cryptocurrencies have made their way into the financial system through regulated products like futures and exchange-traded funds, sparking interest from institutions looking to hedge inflation and diversify their portfolios. State Street, a leading financial services provider, is recognizing this growing