Asian stock markets showed mixed results on Thursday as they tracked the record highs set on Wall Street the night before. Despite the positive sentiment, the Japanese economy faced challenges as it shrank and the Biden administration increased trade tariffs against Beijing. The weak data from Japan raised doubts about the ability of the Bank
Wall Street
As the U.S. stock index futures maintain a steady pace, investors are eagerly awaiting the release of the key monthly consumer price index data. This crucial information will offer valuable insights into the future monetary policy decisions of the Federal Reserve. At 06:30 ET (10:30 GMT), Dow Jones Futures showed a slight increase of 20
Recently, it was reported that Scott H. Peters, a congress member representing California’s 50th congressional district, made a significant investment in U.S Treasury Notes (NYSE:GS). The transaction, which occurred on April 3, 2024, was disclosed to the Clerk of the House of Representatives on April 30, 2024. This investment falls within the range of $500,001
Regeneron Pharmaceuticals, Inc. stands out in the biopharmaceutical industry with its strategic focus on novel therapeutic areas and strong financial standing. The company’s market capitalization of $103.43 billion indicates a substantial industry presence. Moreover, Regeneron’s earnings per share (EPS) have shown consistent growth, with projections of $52.38 in 2024E. Revenue projections also remain positive, with
Recent reports from Nikkei Asia suggest that Arm Holdings, a UK-based company owned by SoftBank Group, is gearing up to venture into the realm of artificial intelligence (AI) chips. The ambitious plan includes setting up a dedicated AI chip division with the goal of rolling out the first products by 2025. This strategic move signifies
France is set to host its annual ‘Choose France’ event, with President Emmanuel Macron leading the charge to attract foreign investment. The event has already proven successful in the past, with the 2023 edition bringing in 13 billion euros of foreign investment. This year, France has secured new jobs and investments from major companies such
SoftBank Group, a Japanese technology investor, is anticipated to report a net loss for the January-March quarter, despite the strong performance of its core asset, Arm Holdings. Analysts and investors are eagerly awaiting insights into new growth investments, given SoftBank’s substantial liquidity and the possibility of monetizing its significant holding in Arm. While Arm Holdings
The imposition of new trade tariffs by the Biden administration on China, particularly targeting the electric vehicle sector, has caused Chinese stocks to lag behind their Asian peers. The fear of increased tariffs on China’s massive battery and solar energy industries has raised concerns about the impact on the Chinese economy and the already fragile
The latest high-end smartphone from Huawei has brought to light the increasing involvement of Chinese suppliers in the production of the device. A teardown analysis conducted by online tech repair company iFixit and consultancy TechSearch International revealed a significant shift towards greater reliance on domestic components in Huawei’s Pura 70 Pro. This trend underscores China’s
The recent decision by President Joe Biden’s administration to pause a shipment of weapons to Israel has raised concerns about the potential escalation of conflict in the region. The move came in response to apparent Israeli plans to invade the southern Gaza city of Rafah, where a large number of Palestinians have sought refuge from