Geopolitical rivalries, especially U.S.-China trade battles, now top inflation concerns for sovereign wealth funds and central banks.Global conflicts, like Russia-Ukraine war and trade restrictions, now dominate,…
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Nvidia is developing China-compatible AI chips adhering to U.S. export controls, according to three informed sources.The AI chip company introduced its “Blackwell” chip family in March,…
Asian equities fell Thursday, driven by chip stocks, as U.S.-China trade tensions rose. Meanwhile, the yen remained firm. The U.S. dollar hovered near a four-month low,…
Morgan Stanley’s Q2 profit exceeded expectations due to a surge in investment banking and trading revenues, despite muted wealth management. The bank, like Bank of America…
Apple’s stock hit a record high as Morgan Stanley’s increased price target and “top pick” status highlighted AI’s potential sales impact.To compete with Google and OpenAI,…
Asian stocks hit record highs Thursday; sterling reached a four-month peak on strong growth, as traders anticipated easing U.S. inflation. U.S. stocks reached new highs on…
China’s consumer prices rose for a fifth month in June but missed expectations, while producer prices continued to decline amid slow economic recovery efforts. Beijing aims…
Barbie, the well-known Mattel doll, turns 65 this year. To commemorate her milestone, a new exhibition exploring Barbie’s growth opens in London this week. “Barbie: The…
British fintech Revolut achieved a record pretax profit of £438 million in 2023, driven by strong user growth and rising interest income.Revolut reported a record pretax…
According to two people familiar with the situation, the US Justice Department will charge Boeing with fraud for two fatal crashes on Sunday. The planemaker must…