The stock market experienced a historic surge today, with the S&P 500 and Nasdaq Composite reaching all-time highs. The tech sector led the charge, with companies like Apple, Microsoft, and NVIDIA posting significant gains. The Federal Reserve’s decision to hold interest rates steady added to investor confidence, while strong economic data, including declining inflation and […]
Telefonica is reportedly planning to sell its Mexican business, hiring JPMorgan to oversee the transaction, according to Spanish newspaper Cinco Dias. The sale is expected to be finalized before the company’s annual shareholders meeting in April or May. This move is part of Telefonica’s broader strategy to divest assets in Latin America, including the sale of […]
Dubai is set to welcome a groundbreaking transportation solution with the signing of a preliminary agreement between Elon Musk’s The Boring Company and the city’s Road and Transport Authority (RTA). The Dubai Loop, a 17-kilometer (10.6-mile) underground high-speed transport network, aims to tackle traffic congestion in the emirate’s busiest areas. The project’s initial phase will […]
Sony Group shares surged as much as 10.7% on Friday, driven by strong performance in its gaming division. The company sold 9.5 million PlayStation 5 units in the December quarter, up from 8.2 million in the same period last year, bringing lifetime sales of the PS5 to 74.9 million units. Operating profit in Sony’s gaming […]
Tech giants like Nvidia, Apple, and Tesla drove U.S. stocks higher on Thursday, February 13, 2025, as investors welcomed slowing wholesale inflation and President Donald Trump’s decision to delay reciprocal tariffs. The Nasdaq Composite rose 1%, while the Dow Jones Industrial Average and S&P 500 gained 0.3% and 0.6%, respectively. The Producer Price Index (PPI) […]
Asia-Pacific markets mostly climbed on Friday, supported by strong GDP growth in Singapore and Malaysia and President Donald Trump’s decision to delay reciprocal tariffs. Singapore’s economy expanded by 4.4% in 2024, its fastest growth since 2021, while Malaysia’s GDP grew 5.1% for the year. Japan’s Nikkei 225 fell 0.56%, but South Korea’s Kospi gained 0.59%, […]
Indian Prime Minister Narendra Modi has proposed significant increases in defense and energy purchases from the United States during his meeting with President Donald Trump at the White House. The discussions, aimed at easing trade tensions, included plans for India to buy more U.S. oil, gas, and combat aircraft, including the F-35 stealth fighter. Trump […]
Nissan and Honda have decided to shift their focus to collaboration in key areas such as electric vehicles (EVs) and autonomous driving after merger talks between the two Japanese automakers failed to reach an agreement. The move underscores their commitment to innovation and competitiveness in the global automotive market. The companies had been in discussions […]
Barclays has announced impressive Q4 2024 earnings, exceeding market expectations on the back of strong performance in its investment banking division. The British bank reported a 12% increase in net profit, reaching £1.8 billion (2.3 billion), while revenue grew (82.3 billion). The bank’s fixed-income trading and advisory services were key drivers of growth, offsetting weaker […]
Apple has announced a strategic partnership with Alibaba to integrate the Chinese tech giant’s AI technology into iPhones sold in China. The collaboration, confirmed by Alibaba Chairman Joe Tsai, aims to enhance localized features and improve user experience in one of Apple’s most important markets. The integration will include advanced language processing, voice recognition, and […]