In the world of stock trading, one company can have a significant impact on the entire market. Nvidia, a leading AI chip firm, saw a decline in its shares for the second day in a row, causing a ripple effect throughout the technology sector. This decline not only affected the S&P 500 and Nasdaq, but
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The future of artificial intelligence seems to be rapidly approaching, with Masayoshi Son, CEO of SoftBank, predicting that a new era of super intelligence is on the horizon. Son’s vision includes the development of artificial super intelligence (ASI), which he believes will be 10,000 times smarter than any human genius. This astounding revelation challenges the
The latest report from Bernstein sheds light on the Indian stock market landscape, indicating a surge in investor enthusiasm towards Indian stocks. However, this surge seems to be driven more by greed than rational decision-making. The report assesses approximately 90 stocks across 14 subsectors, focusing on long-term growth expectations embedded in their valuations. In January
In a move to deepen ties with South Korea, Germany’s economy minister embarked on a trip to Asia, emphasizing the need to de-risk trade exposure to China. Both nations share a common goal of expanding their network of commercial allies amidst growing trade concerns. This mission aims to boost cooperation in business, economic security, and
Japan’s recent data on exports in May reveals a concerning trend – while the weak yen has contributed to a significant increase in the value of exports, the volume of sales has been decreasing for the fourth straight month. This paints a picture of global demand that is still relatively soft, posing challenges for the
Warren Buffett’s Berkshire Hathaway has been steadily increasing its stake in Occidental Petroleum over the past nine trading sessions. This influx of shares has propelled Buffett’s ownership in the Houston-based oil and gas producer to nearly 29%, indicating a strong vote of confidence in the company’s future prospects. Through daily purchases from June 5 to
One of the leading companies making efforts to reduce the West’s reliance on Chinese rare earths is Lynas Rare Earths. Lynas is currently the largest supplier of rare earth compounds outside of China, operating primarily in Australia. The company has processing operations in both Australia and Malaysia, with plans to open a heavy rare earth
The burgeoning demand for cloud computing and artificial intelligence has propelled Malaysia onto the global data center stage. In recent years, the country has become a magnet for investments from tech giants such as Google, Nvidia, and Microsoft. The city of Johor Bahru, situated on the border with Singapore, has emerged as a focal point
The upcoming week in Asian markets is set to kick off with the monthly Chinese ‘data dump’, providing investors with crucial insights into the state of the world’s second-largest economy. While recent indicators such as producer and consumer prices have pointed towards looming deflationary risks, a closer look at retail sales, business investment, industrial production,
The indie film industry is facing significant challenges as it attempts to recover from the impact of the Covid-19 pandemic. While mainstream films like Inside Out 2 and Bad Boys: Ride Or Die have dominated the box office, indie films are struggling to find their footing. One distributor commented that June is crowded with indies,
The U.S. retail sector is currently facing challenges due to elevated interest rates, which have put pressure on many companies within the industry. While the S&P 500 Consumer Discretionary Distribution & Retail index has managed to stay relatively in-line with the overall market performance, the sector’s gains have been largely driven by a select few
Chinese companies have been steadily increasing their presence in the global market, but there is still significant untapped potential according to HSBC analysts. Despite the rapid growth of the Chinese economy, a large portion of revenue for Chinese companies still comes from domestic sources. In contrast, Japanese companies have a much higher percentage of revenue
Chinese Premier Li Qiang’s recent visit to Australia marks a significant moment in the relationship between the two countries. Li stated that relations are “back on track” after a period of turbulence, signaling a new chapter in their diplomatic ties. This visit is especially noteworthy as it is the first time a Chinese premier has
Boeing’s Starliner capsule, named “Calypso,” is set to remain at the International Space Station for twice as long as originally planned, NASA announced on Friday. This extended stay is part of the developmental mission known as Boeing’s crew flight test, which involves a series of tests being conducted on the Starliner while it is docked