Alibaba and Tencent: Unprecedented Cash Reserves Signal a Turn to Value

lovely | March 26, 2024

The landscape for Chinese technology stocks has undergone a significant transformation, transitioning from their once dazzling growth prospects to what are now considered value investments. This shift presents both opportunities and challenges for investors. Companies like Alibaba and Tencent, once the darlings of the stock market, have adjusted their strategies towards increasing dividends, enhancing buyback […]

AI stocks surge as investors bet on growth prospects

reuters | March 3, 2023

(Reuters) -Shares of artificial intelligence-based (AI) product makers zoomed on Friday, as a strong forecast from retail darling Inc amplified an ongoing euphoria in the segment driven by the launch of OpenAI’s ChatGPT. C3.a1 forecast better-than-expected revenue and profit for both the fourth quarter and fiscal year 2023, after its third-quarter results topped Wall […]

Cryptoverse: Bitcoin moves towards Satoshi’s payment dream

reuters | February 28, 2023

By Medha Singh and Lisa Pauline Mattackal (Reuters) – Satoshi Nakamoto would be proud. Adolescent bitcoin may finally be repaying its creator’s faith. The 15-year-old cryptocurrency has filled many roles – from source of speculation to hedge against inflation – but has struggled to find a clear identity. Now there are growing signs it’s edging […]

Yellen says EV battery mineral trade pacts can likely bypass Congress

reuters | February 24, 2023

By David Lawder BENGALURU (Reuters) – U.S. Treasury Secretary Yellen said on Friday that she expects that future limited free trade agreements focused on battery minerals with the European Union and other trusted allies would not need approval from Congress. Yellen told reporters on the sidelines of a G20 finance meeting in India that such […]

Stocks, crude oil advances despite higher interest rate expectations

reuters | February 23, 2023

By Chibuike Oguh NEW YORK (Reuters) -Global equities and crude oil rebounded from earlier losses on Thursday even as economic data continued to show the strength of the U.S. economy and validated the Federal Reserve’s tight monetary policy stance. A U.S. Labor Department report on Thursday showed that new claims for unemployment benefits unexpectedly fell […]

Oil drops 3% as high inflation risks stoke demand worries

reuters | February 22, 2023

By Shariq Khan BENGALURU (Reuters) – Oil prices fell by $2 per barrel to their lowest in two weeks on Wednesday, as investors became more concerned that recent data will prompt more aggressive interest rate increases by central banks, pressuring economic growth and fuel demand. Brent crude futures settled $2.45, or 3%, lower at $80.60 […]

New Biden EV charger rules stress Made In America, force Tesla changes

reuters | February 15, 2023

By Jarrett Renshaw and Hyunjoo Jin (Reuters) -The Biden administration on Wednesday issued long-awaited final rules on its national electric vehicle charger network that require the chargers to be built in the United States immediately, and with 55% of their cost coming from U.S.-made components by 2024. The White House hopes the new rules, issued […]

Binance stablecoin backer says U.S. SEC has labeled token an unregistered security

reuters | February 14, 2023

By Hannah Lang, Tom Wilson and Elizabeth Howcroft WASHINGTON/LONDON (Reuters) – The firm behind Binance’s stablecoin, Paxos Trust Company, said the U.S. Securities and Exchange Commission (SEC) has told the company it should have registered the product as a security and is considering taking action against the platform. In a statement on Monday, Paxos said […]