Bitcoin made a significant jump at the start of the final week of March, reclaiming the $70,000 mark. The surge in price was notable, with the leading cryptocurrency climbing by approximately 7% to reach $70,617.68. Alongside Bitcoin, Ether also experienced a 7% increase, reaching $3,621.30. This upward trend was not limited to just the top
Boeing, the embattled aerospace giant, is undergoing a major management shake-up, with CEO Dave Calhoun set to step down at the end of 2024. Along with Calhoun, Chairman of the board Larry Kellner is also resigning and will not stand for reelection at Boeing’s annual meeting in May. These changes are part of a broader
Universal/DreamWorks Animation’s Kung Fu Panda 4 had an impressive weekend at the international box office, raking in $55.3M from 69 markets. This added to its overseas running total of $135M, bringing its global earnings to $268.2M. The film performed exceptionally well in China, with $25.7M generated, including previews from the previous session. China has historically
The private equity landscape in Asia Pacific saw a significant shift last year, with the total value of deals falling to its lowest since 2014. This decline can be attributed to various factors, including slowing growth, high interest rates, and volatile public markets. Fundraising also hit a 10-year low, painting a challenging picture for investors
The current state of the foreign exchange market sees the dollar gaining momentum, while the Japanese yen remains at a multi-decade low. The threat of Japanese authorities intervening to stabilize the yen has prevented the greenback from soaring even higher. At the time of writing, the yen is trading at 151.25 per dollar, not far
IFC’s Late Night With The Devil has exceeded all expectations with its distributor’s largest opening weekend to date, bringing in an estimated $2.8+ million across 1,043 screens. This impressive performance has solidified Late Night as the sixth highest-grossing film at the domestic box office. Prior to this weekend, the distributor’s top opening films included Watcher,
In the current market environment, where geopolitical tensions and the impending U.S. presidential election can cause volatility, investors are seeking stability in their portfolios. One way to achieve this is by considering high-quality dividend stocks with a track record of steady income payments. Analysts conduct in-depth research into companies’ fundamentals to assess their ability to
China’s economic policies are at a crossroads, according to the International Monetary Fund’s Managing Director Kristalina Georgieva. In a meeting with senior Chinese officials and global company executives, Georgieva emphasized the need for China to “reinvent itself” in order to address the property market crisis, boost domestic consumption, and enhance productivity. This call for reinvention
China has recently introduced new guidelines aimed at phasing out U.S. microprocessors from Intel and AMD in government personal computers and servers, as reported by the Financial Times. Additionally, the procurement guidance also seeks to sideline Microsoft’s Windows operating system and foreign-made database software in favor of domestic options. Government agencies above the township level
The recent trend among investment analysts is to upgrade U.S.-listed Chinese stocks to buy, signaling a positive outlook for these companies. This comes as many Chinese firms are releasing their earnings for the last quarter of 2023 and the full year. While there is skepticism about China’s ability to meet its growth target for 2024
Big Tech companies such as Apple and Google are currently facing one of the biggest challenges in decades as antitrust regulators on both sides of the Atlantic are cracking down on alleged anti-competitive practices. This crackdown could potentially result in break-up orders for these tech giants, which would be a first for the industry. The
The U.S. Congress recently passed a $1.2 trillion budget bill, which was done in an overwhelming manner with a 74-24 vote. This bill will keep the government funded through the fiscal year that began six months ago and will be sent to President Joe Biden for his signature to avert a partial shutdown. The departments
In a recent interview with the Financial Times, activist investor Nelson Peltz criticized Disney for focusing too heavily on movies with female and Black actors. Peltz argued that Disney’s films have become more about delivering a message rather than quality storytelling. Specifically, he took issue with films like “The Marvels” and “Black Panther,” questioning the
The world of exchange-traded funds (ETFs) is constantly evolving, with new products being introduced to cater to changing investor preferences. Roundhill Investments, a major ETF provider, is at the forefront of this evolution, exploring new opportunities in the market. One of their upcoming funds will focus on companies behind GLP-1 drugs, a move that reflects