The ongoing trade discussions between the United States and China have become a theatrical spectacle, full of dramatic exchanges and unmet expectations. President Donald Trump recently characterized the negotiation process with Chinese President Xi Jinping as “extremely hard,” revealing the depth of the impasse between the two global giants. It’s chaotic, and it suggests a
Finance
In an extraordinary turn of events, Ferguson Enterprises has captured investors’ attention, with shares skyrocketing by 17%. This meteoric rise can be attributed to its impressive third-quarter earnings of $2.50 per share. Analysts had projected a mere $2.01, leaving those who doubted the company’s potential scrambling to reassess their views. Ferguson’s revenue, which surpassed initial
In what can only be described as a volatile day in the stock market, steel companies made headlines as President Trump took a bold stance, doubling tariffs on steel to a staggering 50%. This aggressive policy decision was unexpected and sent ripples through the industry. Cleveland-Cliffs saw an unbelievable 26% surge, exemplifying the intense market
In a year overshadowed by economic uncertainties and global supply chain issues, the Hong Kong-listed Xiaomi has emerged as a powerhouse in the smartphone market, reporting record net profits for two consecutive quarters. While it’s easy to dismiss Xiaomi’s achievements by comparing its earnings to Apple’s, the narrative surrounding these two tech titans is more
Daniel Loeb has positioned himself at the forefront of the artificial intelligence (AI) revolution, as his hedge fund, Third Point, celebrates its 30th anniversary. While loquacious investments in AI can lead to unprecedented gains, they also harbor the peril of becoming casualties in the market’s tumultuous landscape. The mantra of “become a beneficiary or be
In a startling move, BYD, one of China’s largest electric vehicle manufacturers, recently slashed prices on many of its models, leaving the automotive sector in a state of turmoil. Price reductions of as much as 30% for several entry-level battery-operated and hybrid vehicles are not merely a corporate strategy; they signify a potentially destabilizing shift
The world is buzzing over the incredible performance of Nvidia, the tech powerhouse fueling the artificial intelligence revolution. With a staggering leap of 5% in after-hours trading, this chipmaker has seemingly outperformed every optimistic forecast, posting first-quarter adjusted earnings per share of 96 cents and a whopping revenue of $44.06 billion. Analysts, perhaps too conservative
As global investment patterns shift, the decline of gold in the market reflects a broader trend away from traditional safe havens. Newmont’s stock decline of 2%, paralleled by a 1.5% dip in gold prices, underscores a growing sentiment among investors: the desire for innovation and technological advancement may outweigh the security historically offered by precious
Xiaomi has made a bold and aggressive entry into the electric vehicle (EV) head-to-head with its newly unveiled YU7 SUV, targeting Tesla’s stronghold in the Chinese market. This venture comes less than a year after the company first ventured into the EV sector with its SU7 sedan, indicating a determined strategy to position itself as
In the heart of an ongoing economic malaise, a new force is stirring in the Chinese tech landscape: artificial intelligence (AI). Despite formidable headwinds, the first quarter of the year saw an impressive resurgence of several tech giants, triggered mainly by their investment in AI and cloud services. This trend is not just another statistic;