The Asian market is currently experiencing a flat-to-low range movement as investors process mixed signals regarding Chinese business activity. This lackluster performance can be attributed to the uncertainty surrounding U.S. interest rates, which continues to influence investor sentiment. The recent negative close on Wall Street has also contributed to the subdued performance of Asian stocks.
Wall Street
A recent downgrade of Alphabet (NASDAQ:GOOG) by a Rosenblatt analyst has brought attention to multiple areas of transitional risk that the tech giant is facing. The investment bank identified risks associated with the impact of AI on search, potential search ad revenue loss due to AI Overviews, and emerging evidence of search share loss to
The ongoing saga between Boeing and U.S. prosecutors has reached a pivotal moment, with a July 7 deadline looming for the Justice Department to decide whether to criminally charge the embattled planemaker. This development comes on the heels of the government’s finding that Boeing violated a deferred prosecution agreement (DPA) from 2021, put in place
India’s opposition Congress has recently called on Prime Minister Narendra Modi’s government to investigate Foxconn, a major Apple supplier, regarding its discriminatory hiring practices towards married women. The issue came to light after a Reuters report revealed that Foxconn was excluding married women from job opportunities in its iPhone assembly plant in Tamil Nadu. This
The National Transportation Safety Board (NTSB) issued a warning to Boeing stating that it could lose its status as a party to the probe into a 737 MAX mid-air blowout. This warning came after Boeing violated rules by providing non-public information to the media and speculating about possible causes. The NTSB Office of Aviation Safety
GSK’s shares took a hit, dropping as much as 7% following a U.S. public health agency‘s change in recommendation for the use of respiratory syncytial virus (RSV) vaccines. This change directly affects the drugmaker’s new blockbuster medicine, Arexvy, which was introduced in the United States last summer. The recommendation by the U.S. Centers for Disease
General Mills, Inc. reported a mixed bag in its fourth-quarter earnings, surpassing Wall Street’s earnings per share (EPS) expectations by a cent but falling short on revenue targets. The food giant posted adjusted EPS of $1.01, slightly higher than the analyst consensus of $1.00. However, revenue for the quarter was reported at $4.71 billion, missing
Recent economic developments have led to a rise in political uncertainty in major economies around the world. With the first U.S. presidential debate on the horizon and the first round of voting in the French election taking place, investors are wary of how these political shifts could impact their positions in the market. This caution
Asian stocks experienced a positive trend on Tuesday, bouncing back from recent losses as investors shifted their focus to potential developments in the ongoing trade war between China and the West. With Chinese markets stabilizing after a period of steep declines, optimism began to emerge as Chinese and European ministers engaged in discussions regarding import
Beijing is pushing the European Union to eliminate its preliminary tariffs on Chinese electric vehicles before the July 4 deadline. These tariffs, ranging up to 38.1%, are scheduled to come into effect on July 4 as the EU investigates alleged excessive and unfair subsidies to Chinese electric vehicle manufacturers. China has been urging the EU
Australia is set to crack down on big supermarket chains, imposing billion dollar fines on those who fail to comply with the industry code of conduct. Under the new regulations, grocers with more than A$5 billion in annual revenue will be required to adhere to the code, which was previously voluntary. Implications for Supermarkets Supermarkets
The recent developments at Boeing have brought the company into the spotlight once again, this time with potential criminal charges looming. U.S. prosecutors are putting forth a recommendation to senior Justice Department officials to bring charges against Boeing after it was found that the company violated a settlement related to two fatal crashes involving the
One major issue with the reported discussions between Meta Platforms and Apple is the lack of transparency surrounding the potential integration of generative AI technology. Both companies have not provided any official statements regarding these discussions, leaving consumers and stakeholders in the dark about the future implications of such a collaboration. This lack of transparency
Deutsche Bank’s strategists have once again turned their attention to the S&P 500, suggesting that the index may experience another pullback. This follows their successful prediction in April, where they anticipated a pause in the market rally, resulting in a 4.6% decline in the weeks following their note. The strategists have identified three key factors