Singapore’s sovereign wealth fund, GIC, has taken legal action against Chinese electric vehicle maker Nio Inc., accusing it of inflating revenues through complex accounting linked to its battery-swap business. The lawsuit,Bloomberg reports, filed in August in the Southern District of New York, targets Nio, its CEO Li Bin, and former CFO Feng Wei. It centres
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Emily
Singapore’s sovereign wealth fund, GIC, has taken legal action against Chinese electric vehicle maker Nio Inc., accusing it of inflating revenues through complex accounting linked to its battery-swap business. The lawsuit,Bloomberg reports, filed in August in the Southern District of New York, targets Nio, its CEO Li Bin, and former CFO Feng Wei. It centres
21The brief and brilliant rally that graced European markets has come to an abrupt and jarring end. The powerful optimism of Wednesday, fueled by a surge in luxury brands, has vanished, replaced on Thursday by a fresh wave of selling that has sent London’s benchmark index tumbling and cast a renewed sense of uncertainty over
The brief and brilliant rally that graced European markets has come to an abrupt and jarring end. The powerful optimism of Wednesday, fueled by a surge in luxury brands, has vanished, replaced on Thursday by a fresh wave of selling that has sent London’s benchmark index tumbling and cast a renewed sense of uncertainty over
22Taiwan Semiconductor Manufacturing Co. (TSMC) has reported a sharp rise in quarterly profit, underscoring how artificial intelligence (AI) is rewriting the dynamics of global chip supply chains. The 39% jump in net income to NT$452.3 billion ($14.8 billion) in the September quarter exceeded analysts’ forecasts of NT$405.5 billion, as the company continued to benefit from
Taiwan Semiconductor Manufacturing Co. (TSMC) has reported a sharp rise in quarterly profit, underscoring how artificial intelligence (AI) is rewriting the dynamics of global chip supply chains. The 39% jump in net income to NT$452.3 billion ($14.8 billion) in the September quarter exceeded analysts’ forecasts of NT$405.5 billion, as the company continued to benefit from
20Barclays share price has moved sideways this week as investors focus on the ongoing earnings by its biggest American peers like JPMorgan, Goldman Sachs, and Morgan Stanley. BARC was trading at 380p, inside a range it has been in the past few days. This price is about 72% above the lowest level in April. US
Barclays share price has moved sideways this week as investors focus on the ongoing earnings by its biggest American peers like JPMorgan, Goldman Sachs, and Morgan Stanley. BARC was trading at 380p, inside a range it has been in the past few days. This price is about 72% above the lowest level in April. US
17Asian equities advanced on Thursday, extending gains from the previous session as investors grew increasingly confident that the US Federal Reserve would soon begin cutting interest rates. Gains across the region, however, were tempered by escalating trade tensions between Washington and Beijing. China and Hong Kong stocks feel jitters China’s Shanghai Composite Index fluctuated through
Asian equities advanced on Thursday, extending gains from the previous session as investors grew increasingly confident that the US Federal Reserve would soon begin cutting interest rates. Gains across the region, however, were tempered by escalating trade tensions between Washington and Beijing. China and Hong Kong stocks feel jitters China’s Shanghai Composite Index fluctuated through
16Even as gold prices continue to hit new record highs every trading day, the rally might still have some legs, according to the World Gold Council. Gold hit a new high of $4,258.76 per ounce on Thursday. Its future trajectory hinges on investor reactions to tactical and fundamental elements. “In our view, comparisons to 1979
Even as gold prices continue to hit new record highs every trading day, the rally might still have some legs, according to the World Gold Council. Gold hit a new high of $4,258.76 per ounce on Thursday. Its future trajectory hinges on investor reactions to tactical and fundamental elements. “In our view, comparisons to 1979
17Dow futures rose nearly 150 points on Thursday, reflecting cautious optimism among investors following strong earnings from major banks. A similar pattern was visible across other Wall Street indices like the S&P, futures were up 0.1% and Nasdaq 100 futures increased 0.2% today. Amid increased uncertainty over escalating US-China trade tensions and government shutdown, the
Dow futures rose nearly 150 points on Thursday, reflecting cautious optimism among investors following strong earnings from major banks. A similar pattern was visible across other Wall Street indices like the S&P, futures were up 0.1% and Nasdaq 100 futures increased 0.2% today. Amid increased uncertainty over escalating US-China trade tensions and government shutdown, the
17Micron Technology’s stock could see further upside, according to UBS, as the semiconductor market faces a widening supply-demand imbalance. The investment bank reiterated its “buy” rating on the chipmaker and raised its 12-month price target to $245 per share, up from $225. The new forecast implies a potential 28% rally from Micron’s Wednesday closing price
Micron Technology’s stock could see further upside, according to UBS, as the semiconductor market faces a widening supply-demand imbalance. The investment bank reiterated its “buy” rating on the chipmaker and raised its 12-month price target to $245 per share, up from $225. The new forecast implies a potential 28% rally from Micron’s Wednesday closing price
18Foxconn shares experienced a significant rise on Thursday after its Chairman confirmed the meetings with OpenAI, deepening its commitment to artificial intelligence by expanding collaborations. The company is signalling a strategic shift from traditional contract manufacturing to a pivotal role in AI hardware infrastructure. Following a high-profile meeting between Foxconn’s chairman, Young Liu, and OpenAI
Foxconn shares experienced a significant rise on Thursday after its Chairman confirmed the meetings with OpenAI, deepening its commitment to artificial intelligence by expanding collaborations. The company is signalling a strategic shift from traditional contract manufacturing to a pivotal role in AI hardware infrastructure. Following a high-profile meeting between Foxconn’s chairman, Young Liu, and OpenAI
19Top semiconductor ETFs have rallied in the past few years as the tailwinds in the AI industry continued. The VanEck Semiconductor ETF (SMH) jumped to a high of $348 this month, up by 100% from its lowest point in April. Similarly, the iShares Semiconductor ETF (SMH) rose to $292, also up by 95% from its
Top semiconductor ETFs have rallied in the past few years as the tailwinds in the AI industry continued. The VanEck Semiconductor ETF (SMH) jumped to a high of $348 this month, up by 100% from its lowest point in April. Similarly, the iShares Semiconductor ETF (SMH) rose to $292, also up by 95% from its
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Emily is a passionate financial writer and market enthusiast with over a decade of experience in personal finance, stock market trends, and long-term investing strategies. With a background in economics and a love for simplifying complex financial topics, she helps readers make smarter money decisions with confidence. When she’s not analyzing charts or writing about the latest market moves, Emily enjoys hiking, strong coffee, and reading biographies of great investors.
