As the U.S. election approaches, concerns grow over the potential implications for China, especially if Donald Trump secures a victory. Recently, China's yuan has fallen to a two-month low as the dollar gained strength amid speculation surrounding the election. This decline in the yuan reflects fears that a Trump presidency could lead to heightened trade [...]
Tech giant Meta is reportedly developing its AI-powered search engine to reduce reliance on existing platforms like Google and Microsoft’s Bing. The new search engine will focus on generating conversational AI summaries of recent information and current events, delivered through Meta’s AI chatbot. Project Development According to a report by The Information on October 28, [...]
Boeing shares dropped around 2 percent in U.S. pre-market trading on Thursday after workers voted to extend a nearly six-week strike, adding new uncertainty to the company's financial recovery and image restoration efforts. Price Movement Boeing Company's shares dropped almost 2 percent in U.S. pre-market trading, decreasing to $155.06 from the prior close of $157.06. [...]
Apple shares fell nearly 3 percent on Wednesday following a report from analyst Ming-Chi Kuo, indicating a significant reduction in iPhone 16 orders by 10 million units. The decline is attributed to a lack of consumer demand for the new models, particularly as expectations for a boost from Apple's AI features have not materialised. About [...]
Shares of Korea Zinc surged 30 percent on Thursday, reaching a record high following the conclusion of its tender offer for shares amid a takeover bid from private equity firms MBK and Young Poong. About the Company Korea Zinc Company Ltd is a prominent non-ferrous metal smelter based in Seoul, South Korea, founded in 1974 [...]
Starbucks tumbled 5.5 percent in premarket trading after issuing preliminary fiscal fourth-quarter results that missed analysts' estimates and suspending guidance for its next fiscal year. Share Price Movement On Wednesday, the Pre-market indicative price of Starbucks Corporation featured a 5.5 percent decrease to $91.70 per share, from its previous close of $96.82 each on Tuesday. [...]
Shares of the shipping giant fell after receiving a rare sell rating, as concerns grew over increasing competition from Amazon and FedEx. Analysts pointed to mounting pressure from Amazon’s evolving logistics capabilities and FedEx’s non-unionized workforce, which could challenge UPS’s market position. Price Movement The share price of United Parcel Service, Inc.(UPS), listed in Nasdaq, [...]
According to the Semiconductor Association, the U.S. semiconductor industry is pivotal to the global economy, generating approximately $77.4 billion in revenue in 2024, with a projected growth rate of 10.4% annually. In 2023, over 1 trillion semiconductors were sold globally, underscoring their critical role in technology and innovation. The shares of NVIDIA were closed at [...]
Shanghai Electric Group Company Limited is a prominent Chinese multinational corporation based in Shanghai, specialising in power generation and electrical equipment manufacturing. What happened Shanghai Electric Group plans to acquire a 50 percent stake in Shanghai Fanuc International Trading, an industrial robot manufacturer and joint venture with Japanese robot company Fanuc, for 3.08 billion yuan, [...]
As the US prepares for its next election cycle, investors, forex traders, and market analysts are closely observing its potential impact on global stock markets, the forex market, and CFD trading. Historically, US elections have influenced market volatility, sparking changes in investment strategies, particularly in sectors like commodities trading and currency pairs. In this guide, [...]
