Business
Xiaomi taps ex-Tesla factory chief to lead its EV push into Europe
Xiaomi has appointed two senior executives to steer its electric vehicle division through its next phase of growth, pairing a veteran insider…
Category: Business
Business
Global food prices hit three-year high as fertilizer crisis deepens
Egypt has introduced a temporary $90-per-ton export tax on nitrogen fertilizers, effective May 5, as governments worldwide scramble to secure domestic agri...
Business
Wall Street bets on prolonged Hormuz closure with ‘NACHO’ trade
A new acronym is making the rounds on trading floors: NACHO — 'Not A Chance Hormuz Opens.' The term, which reflects deep…
Business
Asian stocks post biggest weekly gain since 2024 amid AI boom, Iran peace hopes
Markets across Asia capped a blockbuster week of gains driven by hopes for a U.S.-Iran peace deal and surging demand for artificial…
Business
Oil surges past $100 after US strikes on Iran again
Brent crude climbed back above $100 per barrel on Friday after the United States launched retaliatory strikes on Iranian targets linked to…
Business
Memory stocks extend rally amid worst chip shortage in 15 years
Memory chip stocks extended their historic rally on Friday as investors continued to digest Goldman Sachs's dramatically revised forecast for DRAM and…
Business
TCI hedge fund sells $8B Microsoft stake over AI fears
Sir Christopher Hohn's TCI Fund Management has sold almost all of its massive Microsoft stake, warning investors that rapid advances in artificial…
Business
Shell posts $6.9B profit as Iran war lifts earnings across Wall Street
The U.S.-Iran conflict that began on February 28 has produced a paradox on Wall Street: record trading profits even as the war…
Business
Moderna stock surges on mRNA flu vaccine data
Moderna shares jumped more than 16% on Friday, May 8, after peer-reviewed Phase 3 data confirmed its mRNA flu vaccine candidate outperformed…
Business
Wall Street rallies on strong jobs data as US-Iran clashes rattle oil markets
Renewed exchanges of fire between the United States and Iran in the Strait of Hormuz pushed Brent crude back above $100 per…