The US stock market experienced a slight downturn on Thursday as investors weighed the financial implications of tech companies' AI spending plans against the potential for a US government shutdown. The dip in US equities came as investors pored over the latest quarterly earnings reports from several major technology companies.
Federated Hermes Inc. says the US dollar's slide this month is not indicative of a broader sell-off of American assets. Instead, the greenback's slide is a sign of global investors raising their hedges against a potential weaker greenback.
Argentine peso is attracting interest from carry-trade investors. The move could help the country's economy, but could also hurt it.
The US trade deficit in goods and services increased 1.5% to $71.1 billion in November from October. The increase was due primarily to a 3.2% surge in imports, which outpaced a 0.8% gain in exports.
Indian conglomerate Mahindra Group, led by its first non-family CEO Anish Shah, forges ahead in various industries. Simultaneously, tech titans Elon Musk and Mark Zuckerberg compete in the AI domain, while market volatility influences tech stocks and gold prices. Shah discussed Mahindr's evolution, India's economic outlook, geopolitical trends, and his leadership journey.
Saudi Arabia's state-owned metals and mining company, Manara Al-Khaleej, is reportedly holding negotiations with some of the world's leading commodity trading houses. The move comes as part of the kingdom's strategy to expand its role in global supply chains and diversify its economy.
The tech sector's increased spending on AI has been a driving force behind the recent stock market growth. The tech-driven rally in the stock markets was not without its challenges. SAP and Microsoft, two major players in the tech industry, underperformed due to disappointing performances in their cloud businesses.
The Federal Reserve's latest monetary policy decision brought a momentary halt to the rally in emerging market assets. Indonesia's stock market was the biggest casualty of this market correction.
The US dollar took a hit on Thursday as debasement fears once again came to the forefront. India's state-owned Bharat Petroleum Corp. announced plans to open a trading office in Singapore next month. VSE Corp. is reportedly in advanced talks to acquire Precision Aviation Group for over $2 billion.
Edward Yardeni, the chief investment strategist at YardenI Research, says a bull market trend is emerging worldwide. Yarden i sees emerging markets, including China, India, and Brazil, joining the US in economic strength.
Wells Fargo & Co. and Centerbridge Partners have announced that their direct lending venture has secured over $7 billion in deals since its launch in 2020. This collaboration represents an intriguing example of how banks and private credit lenders are forming strategic partnerships.
Vitabiotics is best known for its popular supplement brands like Wellman, Wellwoman, and Omnavit. The company's current chairman is Tej Lalvani, a well-known businessman and former investor on the BBC's Dragons' Den show.
Saudi Arabia's stock market is experiencing a significant surge, with the Tadawul All Share Index up more than 12% this month. This marks the best performance since 2020, fueled by a rebound in emerging markets, rising commodity prices, and the kingdom's impending loosening of foreign investment rules. Meanwhile, Exxon Mobil and Chevron are about to report their earnings, and they face a delicate balancing act. On one hand, investors want to see cost control and capital discipline. On the other
ASEAN leaders reportedly discussed various options for dealing with the crisis in Myanmar during their meeting. The decision was likely to maintain the current restrictions on Myanmar's participation in the bloc, which have been in place since the military seized power last year. Some members, including Indonesia and Malaysia, have advocated for a more assertive approach towards the military government.
Authorities announce raids on 27 premises as part of bid-rigging probe. Probe began after tragic residential fire in Kowloon that claimed 168 lives in January.
JPMorgan Asset Management's Kim Crawford says some investors are considering diversification due to US policy discontent. Crawford says ultimately, investors still want to be in the US given the breath, depth, and size of the US Treasury market. AstraZeneca Plc announced plans to invest $15 billion in China between 2022 and 2030.
Copper prices hit record highs on [Date], with the red metal trading above $14,000 a ton for the first time ever. Gold also saw record-breaking gains, with the precious metal climbing above $5,500 an ounce. Blackstone Inc., one of the world's largest investment firms, is reportedly poised to make a major move in the real estate sector.
N Nvidia's CEO Jensen Huang announced a delay in Chinese orders for the company's H200 AI chips due to Beijing's ongoing decision on imports. Meanwhile, ADQ's CEO Hamed Bin Zayed steps down to join Lunate, a rapidly growing asset manager. The US has imposed restrictions on the sale of semiconductors and other high-tech products to China.
Apple is expected to spend $40 billion on memory purchases in 2022. Apple's rivals, including Samsung Electronics Co. and SK Hynix Inc., have also been grappling with the memory price hikes.
Air India Ltd. is reportedly set to finalize an order for 30 new Boeing 737 Max aircraft. The move comes as the airline industry in India experiences a surge in travel demand. Air India currently operates a diverse fleet of over 120 aircraft, including Boeing 777s, 787s, A320s and A310s.
The political landscape in Venezuela and Ukraine is changing, and multinationals are taking notice. Jeff Kazin and Mike Rohlfsen, cofounders of agricultural consultancy AgrisAcademy and former long-time Cargill employees, shared their experiences in the Odd Lots podcast.
As the global economy continues to evolve, companies are making strategic moves to stay ahead of the curve. From Deutsche Bank's DWS implementing a hiring freeze to Endeavour Mining's record returns, businesses are adapting to changing market conditions. Here's a look at some of the latest developments.
Venezuela has faced a steep decline in production due to various socio-economic and political challenges. Baker Hughes CEO Lorenzo Simonelli believes that the country can experience incremental growth in oil production in the near term. However, the road to recovery will not be an easy one, as Venezuela faces significant challenges, including an aging oil infrastructure.
Gold and silver prices have seen a remarkable surge in the first few weeks of 2026. Gold reached a new all-time high of $2,100 per ounce and silver broke above $30 per ounce. Gold and silver have traditionally been seen as reliable hedges against economic volatility and inflation.