On Wednesday, Japan stocks experienced a decline in the Textile, Power, and Shipbuilding sectors, causing shares to fall. The Nikkei 225 closed with a 1.63% decrease, indicating a negative trend in the market. The session highlighted both top performers like Eisai Co., Ltd. (TYO:4523) and underperformers such as Tokyo Gas Co., Ltd. (TYO:9531). This volatility
The energy sector has been underperforming in the market, with both West Texas Intermediate futures and Brent futures experiencing significant drops. Energy is currently the worst performing S&P sector in September and has been facing challenges for the past few months. Companies such as EQT, Coterra, APA, Halliburton, Occidental, ExxonMobil, and Chevron have all seen
The U.S. economy has shown remarkable resilience to steep interest rate hikes in recent years. Despite a five percentage point tightening cycle by the Federal Reserve between March 2022 and July 2023, the overall economy has remained relatively unaffected. Real GDP has continued to grow at an annualized rate of over 2% in the past
Recently, Junko Nakagawa, a policymaker at the Bank of Japan, commented on the central bank’s intention to continue raising interest rates in line with its forecast. Despite last month’s market turbulence, the BOJ remains steadfast in its plan to gradually increase borrowing costs. However, Nakagawa emphasized the importance of considering the impact of market fluctuations
As Los Angeles gears up to host the 2028 Summer Olympics, Mayor Karen Bass acknowledges the immense preparations that need to take place in the city. Drawing inspiration from the successful 1984 Olympics held in Los Angeles, Mayor Bass is confident that the city will not only rise to the occasion but also reap the
Australian real estate listing firm REA Group recently made a bold move by offering a 5.6 billion pounds cash-and-stock takeover bid to Britain’s largest real estate portal, Rightmove. This offer was seen as a strategic opportunity for REA to expand its reach into the lucrative international market, especially considering that Britain’s housing market is triple
Larry Ellison, the chairman and co-founder of Oracle, made a surprising announcement during the company’s earnings call this week. According to Ellison, the demand for electricity from artificial intelligence is increasing to such an extent that Oracle is exploring the option of sourcing power from next-generation nuclear technology. This move comes as a response to
The Broadway debut of Hollywood superstar Robert Downey Jr. made quite the splash last week, with sold-out previews at Lincoln Center’s Vivian Beaumont Theater. Starring in Ayad Akhtar’s play, directed by Bartlett Sher, Downey portrays a Pulitzer runner-up author who becomes fixated on Artificial Intelligence. The production, which also features a talented cast including Brittany
Southwest Airlines recently announced that long-time executive chairman and former CEO Gary Kelly will be retiring next year. This news comes amid pressure from activist investor Elliott Investment Management for leadership changes within the company. Kelly, who has been with Southwest for nearly four decades, made this decision following a meeting with Elliott, signaling a
Mission Produce, the avocado producer, saw a significant surge of 21.6% in premarket trading. This surge was fueled by the company reporting a remarkable 24% increase in revenue for the fiscal third quarter compared to the same period last year. With sales reaching $324 million, Mission Produce’s performance has exceeded expectations and made a strong