The Chinese electric vehicle (EV) market is facing yet another challenge as the government in Beijing has issued a recommendation to protect key technology by keeping advanced electric vehicle parts within the nation. This move has sent shockwaves through the industry, causing Chinese EV stocks to p
Imagine a world where a single messaging app has become the heart of South Korea's 15th largest conglomerate by assets. That's the reality for Brian Kim, the founder of Kakao Corp. He's now facing trial for allegedly rigging prices during the takeover battle for K-pop powerhouse SM Entertainment Co.
Larry Ellison, the 80-year-old co-founder, chairman, and chief technology officer of Oracle, has been partying like it's 1999. Despite fellow legacy tech giants Intel and Cisco struggling to adapt to the AI-driven world, Oracle has emerged as the belle of the Wall Street ball. The company's cloud bu
What if the market's reaction to the debate is more about sentiment than substance? Has the analyst's assumption that markets are accurately predicting the election outcome been tested? Or is it just a fleeting reaction to a momentary shift in perceived probability? As the dust settles on Tuesday's
As the fourth quarter of 2024 approaches, UBS has released its list of top tech stocks to watch, including an Nvidia alternative that could be a game-changer for investors. The list includes Advanced Micro Devices (AMD), which could be seen as a competitor to Nvidia in the chip market. The firm h
When Donald Trump's debate skills were put to the test, his stock in Trump Media & Technology Group took a drastic hit. The company's shares plummeted $2.79, or 15%, to $15.84, its lowest level since its public market debut in March. This sudden drop has raised questions about whether this is a sign
Goldman Sachs is set to take a $400 million pre-tax hit in the third quarter due to the unwinding of its General Motors credit card platform and the sale of real estate loans. The bank is in talks to hand over its GM credit card business to Barclays, a deal that would see the transfer of roughly $2
Dave & Buster's Entertainment has reported a better-than-expected adjusted profit for the second quarter, despite sluggish same-store sales. The company earned an adjusted profit of $1.12 per share, beating expectations by $0.26. Revenue increased 2.8% to $557.1 million, although it fell short of
SiriusXM's stock soared 2.6% on Tuesday, the first full trading day since its merger with Liberty Media's tracking stock. But what does this mean for the company and its shareholders? The merger aimed to simplify SiriusXM's capital structure, eliminating confusion around its multiple share classes a
Imagine an industry that's not only stable but also surging in value. That's what's happening with utilities in 2024. With a 20% increase in value, this sector has become the darling of Wall Street. But why are investors flocking to utilities? One reason is the growing demand for data centers. These
