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Thu, Dec 11, 2025 02:54 PM All times are UTC

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S&P 500 to Surge Backloaded in 2025: UBS Predicts 6,400 Milestone Amid Global Growth Headwinds

Nov 18, 2024 11:43 am UTC| Business Economy

UBS strategists predict the SP 500 will close 2025 at 6,400, driven by backloaded returns. Despite early-year challenges, U.S. equities are expected to outperform global counterparts, particularly European and emerging...

Xiaomi SU7 Blazes Past 100K Deliveries Early, Ramps Up 2024 Goal to 130K Units

Nov 18, 2024 11:22 am UTC| Technology Business

Xiaomi has surged past its delivery target for the SU7 electric vehicle, crossing 100,000 units ahead of schedule. The company has now set an aggressive goal for 2024, aiming to deliver 130,000 units amid record production...

Trump’s Team Plans Federal Rules for Autonomous Vehicles as Tesla Cybercab Sparks Debate

Nov 18, 2024 11:09 am UTC| Technology Business Politics

President-elect Donald Trumps transition team is prioritizing federal regulations for autonomous vehicles, potentially accelerating innovations like Teslas Cybercab. Sources reveal plans to establish a framework through...

Digital Currency Revolution

Shiba Inu Burn Rate Explodes 6223% as SHIB Price Rallies, Is $1 Within Reach?

Nov 18, 2024 10:52 am UTC| Digital Currency Technology Business

Shiba Inus burn rate hit an astonishing 6223% on November 18, destroying 290,321 SHIB. The reduced supply drove a 4% price rally, stirring investor speculation about SHIBs potential to reach $1 amid bullish market...

Nvidia's Blackwell AI Chip Overheats—Launch at Risk as Tech Giants Grow Anxious

Nov 18, 2024 10:35 am UTC| Technology Business Economy

Nvidia is urgently addressing overheating problems in its new Blackwell AI chips when integrated into customized server racks, causing anxiety among major clients like Microsoft and Meta. The company is collaborating with...

Taiwan Appeals to EU for Bold Economic Pact to Strengthen Semiconductor Alliance

Nov 18, 2024 10:22 am UTC| Technology Business Politics Economy

In a significant move on Monday, Taiwan President Lai Ching-te called on the European Union to forge a bold economic partnership agreement aimed at enhancing collaboration in semiconductors. He emphasized that uniting...

Digital Currency Revolution

Cathie Wood Says Bitcoin’s Journey Is Just Beginning as It Hits $90K With "A Long Way to Go"

Nov 18, 2024 10:02 am UTC| Digital Currency Technology Business

Despite Bitcoins surge to a record-breaking $90,000, ARK Invests Cathie Wood argues the cryptocurrency is only at the start of its ascent. Predicting a possible rise to $1.5 million by 2030, she attributes the momentum to...

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Economy

Gold Prices Dip as Markets Absorb Dovish Fed Outlook; Silver Eases After Record High

Gold prices slipped in Asian trading on Thursday as investors evaluated the Federal Reserves latest policy signals, which combined a widely expected interest rate cut with a surprisingly dovish move to boost liquidity. The...

Asian Currencies Steady as Fed Delivers Hawkish Rate Cut; Aussie and Rupee Under Pressure

Asian currencies traded cautiously on Thursday after the U.S. Federal Reserve delivered a widely expected 25-basis-point rate cut but paired it with a hawkish outlook. The Fed lowered its benchmark rate to 3.50%-3.75%,...

BOJ Expected to Deliver December Rate Hike as Economists See Borrowing Costs Rising Through 2025

The Bank of Japan is widely expected to raise interest rates by 25 basis points to 0.75% at its December 1819 meeting, according to a new Reuters poll that shows growing confidence in the central banks shift away from...

Australia’s Labour Market Weakens as November Employment Drops Sharply

Australias labour market showed clear signs of cooling in November, with national employment falling by the most in nine months. According to the Australian Bureau of Statistics, total employment declined by 23,100 jobs,...

Mexico Moves to Increase Tariffs on Asian Imports to Protect Domestic Industries

Mexico has taken a decisive step to strengthen its domestic manufacturing sector by approving significant tariff hikes on a wide range of imports from China and several other Asian countries. The Senate passed the measure...

Politics

Environmental Group Sues to Block Trump Image on U.S. National Park Passes

An environmental organization has filed a lawsuit to stop the U.S. Interior Department from placing an image of former President Donald Trump on next years America the Beautiful annual national park pass. The Center for...

Trump Administration Unveils High-Priced “Trump Gold Card” Visa Program

The Trump administration has officially introduced the Trump Gold Card, a premium visa program that offers non-U.S. citizens an expedited pathway to live and work in the United Statesat a steep cost. Launched through...

Australia’s Under-16 Social Media Ban Sparks Global Debate and Early Challenges

Australias groundbreaking ban on social media use for children under 16 has entered its first days with both praise and pushback, as Prime Minister Anthony Albanese acknowledged the rollout would not be flawless. The law,...

Japan Weighs New Tax Breaks to Boost Corporate Investment Amid Spending Debate

Japans government is preparing a new round of tax incentives aimed at accelerating corporate investment, according to a report from the Nikkei business daily. The initiative comes even as policymakers intensify discussions...

Trump Plans Call With Thailand and Cambodia to Ease Rising Border Tensions

U.S. President Donald Trump announced Wednesday that he will hold a phone call Thursday with leaders from Thailand and Cambodia as Washington attempts to ease escalating tensions between the two Southeast Asian nations....

Science

Senate Sets December 8 Vote on Trump’s NASA Nominee Jared Isaacman

The U.S. Senate Commerce Committee announced it will vote on December 8 on President Donald Trumps renewed nomination of private astronaut and tech entrepreneur Jared Isaacman to lead NASA. Isaacman, known for his...

NASA Cuts Boeing Starliner Missions as SpaceX Pulls Ahead

NASA has significantly scaled back Boeings Starliner program after years of technical issues and delays, announcing that the next Starliner mission to the International Space Station (ISS) will fly without astronauts. The...

Blue Origin’s New Glenn Achieves Breakthrough Success With First NASA Mission

Blue Origins massive New Glenn rocket marked a major milestone as it completed its first mission for paying customers, sending two NASA satellites toward Mars and successfully landing its reusable booster at sea. The...

Cogent Biosciences Soars 120% on Breakthrough Phase 3 Results for Bezuclastinib in GIST Treatment

Cogent Biosciences (NASDAQ: COGT) shares skyrocketed over 120% after the biotech company announced groundbreaking results from its Phase 3 PEAK trial evaluating bezuclastinib in combination with sunitinib for patients with...

Trump and Merck KGaA Partner to Slash IVF Drug Costs and Expand Fertility Coverage

U.S. President Donald Trump and German pharmaceutical company Merck KGaA have announced a groundbreaking deal aimed at lowering the cost of in-vitro fertilization (IVF) treatments while boosting access to fertility care in...

Technology

SK Hynix Considers U.S. ADR Listing to Boost Shareholder Value Amid Rising AI Chip Demand

South Koreas leading memory-chip producer SK Hynix is exploring a potential listing on the U.S. stock market through American Depositary Receipts (ADRs), according to a regulatory filing released Wednesday. The company...

SoftBank Shares Slide as Oracle’s AI Spending Plans Fuel Market Jitters

SoftBank Group shares dropped sharply on Thursday, leading declines across Japanese markets, after Oracles mixed quarterly earnings reignited concerns about soaring artificial intelligence investments. SoftBank (TYO:9984)...

SpaceX Edges Toward Landmark IPO as Elon Musk Confirms Plans

Elon Musk signaled that SpaceX is moving closer to a long-anticipated initial public offering, confirming on Wednesday that reports of an upcoming IPO were accurate. His response came after Ars Technica editor Eric Berger...

Nvidia Develops New Location-Verification Technology for AI Chips

Nvidia has confirmed the development of a new location-verification technology designed to help identify the country where its AI chips are being used, a move aimed at curbing the smuggling of advanced processors into...

EU Court Cuts Intel Antitrust Fine to €237 Million Amid Long-Running AMD Dispute

The General Court of the European Union has significantly reduced Intels antitrust fine, lowering it from the previously imposed 376 million to 237.1 million ($438 million to $276 million). The ruling, issued Wednesday,...