At the midway point of the year, optimism is soaring on Wall Street. According to the recent global fund manager survey from Bank of America Securities, investors are exuding the most bullish sentiment since November 2021. Not only are they not anticipating a recession, they are also showing a strong preference for equities, especially the
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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
In a time where corporate expenses seem to be spiraling out of control, one startup is aiming to revolutionize the way companies manage and monitor employee spending. CleverCards, a Dublin-based firm, recently secured an impressive 8 million euros in funding from investors, despite the financial technology industry facing a period of reduced investment. A 2016
Disney/Pixar’s highly anticipated sequel, Inside Out 2, made a remarkable debut at the international box office with a stellar performance in its first full day of play. The film opened at No. 1 in each of its eight major markets, including Korea, Germany, and the Philippines. With a total overseas gross of $4.9M on its
The financial technology industry has undergone a significant transformation in recent years, with many industry executives and investors believing that the sector has finally reached a “bottom.” During the Money20/20 event in Amsterdam, executives shared their views with CNBC on how valuations have adjusted from unsustainable highs in the industry’s peak years of 2020 and
After a whirlwind couple of weeks in the industry, Rob Westerling is making a return to Harkins Theatres as its VP of Content & Programming in Scottsdale, AZ. This move comes on the heels of his short-lived stint as the SVP of U.S. Content at Regal Cinemas, a position he left after just two weeks.
The European Union has been taking steps to address the issue of low-priced, subsidized imports of Chinese electric vehicles (EVs). While the standard duty on imported EVs is 10%, the EU is expected to increase this rate for Chinese EVs starting July 4. Analysts have predicted that the tariff rate could potentially be raised to
Elon Musk, known for his roles as CEO of Tesla and SpaceX, recently made headlines by threatening to ban Apple devices from his companies. This decision came after Apple announced a partnership with OpenAI, which raised concerns for Musk regarding the protection of users’ information. He took to his social media platform, X, to voice
Rivian Automotive has recently announced the redesign of its all-electric R1 pickup and SUV models, with a focus on improving range, performance, and computing power. Despite the 2025 model-year vehicles looking similar outwardly to the current models, Rivian has made significant changes to over half of the hardware components in the second-generation products. In addition,
Costco Wholesale’s decision to offer high wages at its warehouse in a rural Japanese town has had a ripple effect on local businesses. When Costco opened its doors, it created a demand for workers by offering competitive salaries, which in turn forced nearby businesses to consider adjusting their own wages. One such example is a
Financial technology startup Nium recently announced a $50 million fundraising round, with plans to go public within the next 18 months. The round was led by a Southeast Asian sovereign wealth fund and supported by venture capital firms BOND, NewView Capital, and Tribe Capital. Despite the significant amount raised, Nium’s valuation now stands at $1.4
As global investors continue to monitor economic data around the world, Asian share markets have seen mild weakening. This shift comes as manufacturing activity in the United States, the world’s largest economy, has shown signs of further deterioration. While MSCI’s index of Asia-Pacific shares outside Japan experienced a slight decline of 0.1%, it is important
The pre-market trading session has revealed a significant surge in GameStop’s stock, with a remarkable over 77% increase. This surge comes amid speculation that Keith Gill, famously known as Roaring Kitty, holds a stake in GameStop worth $116 million. On the other hand, AMC Entertainment has also seen a notable rise of about 25% in