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Philippine Congress Slashes Vice President Duterte's Budget Amid Growing Rift with Marcos

Sep 26, 2024 15:31 pm UTC| Business Politics Economy

The Philippine lower house has reduced Vice President Sara Dutertes 2025 budget by nearly two-thirds, leaving her office with 733 million pesos. The decision follows tensions between Duterte and President Marcos, sparking...

Blackstone Announces £10 Billion AI Data Center Investment in Northeast England

Sep 26, 2024 13:06 pm UTC| Economy

U.S. private equity firm Blackstone (NYSE:BX) has unveiled plans for a 10 billion ($13.3 billion) investment to establish an artificial intelligence (AI) data center in northeast England, according to an announcement from...

Piper Sandler Increases Tesla Price Target Amid Strong Deliveries, Lower WACC

Sep 26, 2024 12:44 pm UTC| Economy

Piper Sandler has revised its price target for Tesla (NASDAQ: TSLA) stock, raising it to $310 from $300. The updated outlook is driven by improved delivery projections and a decrease in the companys weighted average cost...

Gold Prices Edge Higher Amid U.S. Rate Cut Outlook; Copper Dips After China Stimulus Rally

Sep 26, 2024 12:16 pm UTC| Economy

Gold prices continued their upward trajectory in Asian trading on Wednesday, bolstered by prospects of additional U.S. interest rate cuts. Spot gold rose 0.3% to approximately $1,950 per ounce, while December gold futures...

Gold Dips Slightly After Record High Amid Interest Rate Speculation

Sep 26, 2024 11:16 am UTC| Economy

On Wednesday, gold prices hovered below the flatline after hitting a fresh record high in Asian trading. By 07:07 ET (11:07 GMT), spot gold was down 0.03%, trading at $2,656.24 per ounce. Earlier in the session, the...

Analysts Predict Another 50 bp Rate Cut from Federal Reserve

Sep 26, 2024 09:26 am UTC| Economy

According to analysts at Deutsche Bank, the possibility of an additional 50 basis point (bp) rate cut from the Federal Reserve is gaining traction, despite initial indications that the September cut would be a standalone...

Morgan Stanley: iPhone 16 Lead Times Shorter Than Previous Models, Supply Improves

Sep 26, 2024 09:06 am UTC| Economy

Apple Inc. (NASDAQ: AAPL) is seeing shorter lead times for its latest iPhone 16 models compared to its predecessors, according to a report released Tuesday by Morgan Stanley. The note suggests improved supply for the tech...

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Economy

Oil Prices Hold Near Multi-Year Highs Amid Iran Conflict and Hormuz Supply Fears

Oil prices remained elevated during Asian trading on Wednesday as markets processed mixed signals surrounding the ongoing conflict with Iran. Brent crude futures for June climbed 0.5% to $104.47 per barrel, while West...

Asian Stocks Surge on Trump's Iran War Comments and Dip-Buying

Asian equity markets posted strong gains on Wednesday, driven by U.S. President Donald Trumps remarks signaling a potential end to military operations against Iran within two to three weeks. Renewed investor optimism,...

Japan Business Sentiment Rises as Iran War Fuels Inflation Fears, BOJ Rate Hike Looms

Japans corporate confidence strengthened for the fourth consecutive quarter through March 2026, reinforcing expectations that the Bank of Japan (BOJ) may raise interest rates as early as this month. However, mounting...

Japan's Business Confidence Rises Despite Iran War Uncertainty, BOJ Rate Hike Expected

Japans large manufacturers reported improved business sentiment in the three months to March, according to the Bank of Japans closely watched Tankan survey released Wednesday. The headline index for big manufacturers...

South Korea Manufacturing PMI Hits 4-Year High in March 2025 Driven by Semiconductor Demand

South Koreas manufacturing sector delivered a standout performance in March, with factory activity accelerating to its strongest level in over four years. Data from SP Globals Purchasing Managers Index showed a reading of...

Politics

U.S.-Iran War: Rubio Says Finish Line Is Visible as Diplomatic Talks Begin

U.S. Secretary of State Marco Rubio expressed cautious optimism on Tuesday, stating that Washington can see the finish line in its ongoing military conflict with Iran, now entering its fifth week. Speaking on Fox News...

Trump Signs Executive Order Tightening Mail-In Voting Rules Amid Legal Backlash

President Donald Trump signed a sweeping executive order Tuesday aimed at tightening mail-in voting regulations across the United States, setting off immediate legal threats from voting rights advocates and Democratic...

Trump Attends Supreme Court Hearing on Birthright Citizenship Restrictions

President Donald Trump made a rare personal appearance at the U.S. Supreme Court on Wednesday to witness oral arguments in a landmark case centered on his executive order restricting birthright citizenship marking one of...

Rubio Calls for Democratic Transition and Free Elections in Venezuela

U.S. Secretary of State Marco Rubio declared Tuesday that Venezuela must undergo a political transition leading to free and fair elections, while urging both patience and vigilance from Washington. Speaking on Fox News...

U.S. Senator Pushes to Permanently Block Chinese Automakers from American Market

Republican Senator Bernie Moreno announced plans to introduce legislation next month that would permanently and comprehensively ban Chinese automakers from the U.S. automotive market. The proposed bill would expand on an...

Science

NASA's Artemis II Crew Arrives in Florida for Historic Moon Mission

The four astronauts chosen for NASAs Artemis II mission have touched down at Kennedy Space Center in Florida, marking the beginning of final launch preparations for the first crewed lunar journey in over 50 years. NASA...

SpaceX Pivots Toward Moon City as Musk Reframes Long-Term Space Vision

SpaceX CEO Elon Musk has revealed a significant shift in the companys near-term space exploration strategy, announcing that SpaceX is now prioritizing the development of a self-growing city on the Moon rather than focusing...

SpaceX Prioritizes Moon Mission Before Mars as Starship Development Accelerates

Elon Musks SpaceX is shifting its near-term space exploration strategy, choosing to prioritize a return to the Moon before pursuing missions to Mars, according to a recent Wall Street Journal report citing sources familiar...

NASA and SpaceX Target Crew-11 Undocking From ISS Amid Medical Concern

NASA has confirmed that the agency, in coordination with SpaceX, is targeting no earlier than 5 p.m. Eastern Time (2200 GMT) on Wednesday, January 14, for the undocking of the SpaceX Crew-11 mission from the International...

Neuralink Plans High-Volume Brain Implant Production and Fully Automated Surgery by 2026

Elon Musks brain-computer interface company Neuralink is preparing for a major expansion, announcing plans to begin high-volume production of its brain implant devices and transition to a fully automated surgical procedure...

Technology

TSMC Japan's Second Fab to Produce 3nm Chips by 2028

Taiwan Semiconductor Manufacturing Company (TSMC), the worlds leading contract chipmaker, has confirmed plans to begin equipment installation and mass production of 3-nanometre wafers at its second fabrication plant in...

Apple Turns 50: From Garage Startup to AI Crossroads

In early 1976, engineer Steve Wozniak finished designing a computer circuit board he planned to share with fellow hobbyists at a local California tech club. His friend Steve Jobs recognized a commercial opportunity, and...

Rubio Directs U.S. Diplomats to Use X and Military Psyops to Counter Foreign Propaganda

Secretary of State Marco Rubio has instructed American diplomats to leverage social media platform X and collaborate with Pentagon psychological operations units as part of a broader strategy to combat foreign...

Microsoft Eyes $7B Texas Energy Deal to Power AI Data Centers

Microsoft Corporation (NASDAQ: MSFT) is reportedly in exclusive negotiations with Chevron Corp (NYSE: CVX) and investment firm Engine No. 1 to develop a massive energy complex in West Texas dedicated to powering its...

California's AI Executive Order Pushes Responsible Tech Use in State Contracts

California Governor Gavin Newsom signed a landmark executive order Monday, setting new standards for artificial intelligence governance in state contracting. The directive requires companies seeking government contracts to...