China’s top officials have made it clear that the country will prioritize its own affairs amidst escalating trade tensions. Han Wenxiu, deputy director at the Chinese Communist Party’s central committee office for financial and economic affairs, emphasized the importance of focusing on internal matters to ensure the smooth and steady progress of the national economy.
Sales
The reboot of the 1996 film Twisters seems to be off to a promising start, earning around $7 million in preview sales from both Imax/PLF showtimes and early previews. The film, starring Glen Powell and Daisy Edgar Jones, has garnered positive reviews, with a 78% critics score and an impressive 94% audience score on Rotten
The recent volatility in U.S. and Asian chip stocks has been largely driven by concerns over tighter curbs on exports of advanced chip technology to China. This article will delve into the impact of these trade concerns on the performance of chip stocks in different regions. The Philadelphia semiconductor index experienced choppy trading, opening up
Chinese consumer spending seems to be at a standstill, despite the numerous attempts by the government to encourage citizens to spend. With household deposits slowing down and banks reducing interest rates, one would expect an increase in consumer spending. However, data suggests otherwise. Chinese households saw a decrease in the amount of money deposited in
General Motors has recently announced its plans to increase production of the Cadillac Escalade V-Series performance model as part of updates to the flagship SUV for the 2025 model year. The new SUV will come equipped with a standard 55-inch diagonal display across the dash, including a passenger-only screen, an “executive package” for the second
The market saw a notable decline in chip stocks in premarket trading, with some of the largest semiconductor companies like Nvidia, Taiwan Semiconductor, and AMD all experiencing drops in their stock prices. This was attributed to a Bloomberg News report suggesting that the Biden Administration is considering imposing stricter trade restrictions due to concerns about
Amazon Prime Day, a 48-hour event filled with discounts and deals, has been identified as a significant contributor to worker injuries, as per the findings of a Senate investigation. The Senate’s Health, Education, Labor and Pensions (HELP) Committee recently released the interim results of a year-long inquiry into Amazon’s warehouse working conditions. The investigation coincided
The health care insurance sector saw a positive uptick in midday trading, with companies like Humana and UnitedHealth Group gaining around 1% each. The increased likelihood of a Donald Trump victory in the upcoming presidential election has raised hopes of fewer cost pressures in the industry. Wolfe Research has also identified Humana as a potential
Macy’s, a department store giant, recently announced that its board has decided to terminate negotiations with Arkhouse and Brigade, an activist group that was in talks to take the retailer private for $6.9 billion. The reason cited for this decision was the lack of certainty of financing and the failure to deliver compelling value. Despite
The recent attack on U.S. presidential candidate Donald Trump has sent shockwaves through global markets, with investors adjusting their strategies in response to the increased likelihood of his victory. U.S. bond futures have slipped, while the dollar has strengthened, reflecting a growing concern over the potential implications of a Trump presidency. The market has historically
Amazon, as one of the largest e-commerce platforms globally, has always been known for its competitive pricing strategies. However, a recent incident involving Brandon Fishman and Mason Arnold sheds light on the downside of Amazon’s automated pricing algorithms. The story revolves around a discount promotion at Target that inadvertently led to a loss of the
Intuit, the parent company of TurboTax, recently faced a setback in midday trading as its shares fell by nearly 4%. This decline was a result of the company’s decision to cut 1,800 jobs, representing about 10% of its workforce. The move came as Intuit seeks to increase investments in artificial intelligence. However, it also announced
Volkswagen issued a warning that it may have to close the Brussels site of its luxury brand Audi due to a significant decrease in demand for high-end electric cars. This drop in demand has particularly affected Europe’s top carmaker, leading to a revision of the margin target for the current year. The last time Volkswagen
Nvidia has been making waves in the stock market, with its shares seeing a 1.8% increase following KeyBanc’s optimistic price target hike to $180. This move implies a significant 40% upside from Monday’s close. The firm’s positive outlook is based on the strong demand for Nvidia’s H100 chip, which has remained robust despite the impending