Global markets opened on Wednesday with investors digesting a mix of technology dealmaking, uneven economic signals, and sharp moves in commodities. Early-stage talks between OpenAI and Amazon pointed to intensifying competition in artificial intelligence, while…
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Investing
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The oil market currently sits between two distinctive scenarios, involving the growing supply risk from Venezuela, and prospect of a peace deal between Russia and Ukraine. On one hand, the prospect of a potential peace agreement…
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Medical-supplies distributor Medline has raised $6.26 billion in an initial public offering, claiming the title of the largest IPO of the year and securing a valuation of more than $50 billion. The US-based company, backed…
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For most of the past two decades, China’s economy could solve slow growth by pulling one of three levers. It could push investment, lift property, or sell more to the rest of the world. Today,…
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Lithium prices in China experienced a sharp increase on Wednesday following a significant regulatory action by the natural resource authority overseeing the country’s primary lithium-producing region. The authority announced its decision to revoke 27 existing mining…
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Investing
India’s Delhi orders office attendance limits, construction halt amid severe air pollution
Authorities in Delhi have implemented stringent measures to combat the escalating pollution crisis. Among the key initiatives rolled out on Wednesday is a ban targeting vehicles that fail to comply with the latest emission control norms,… -
The recent US seizure of a tanker off Venezuela’s coast will have a limited immediate effect on the Chinese market. A significant amount of Venezuelan oil was already headed to China with the country having a…
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Rocket Lab stock (NASDAQ: RKLB) plunged 8% on Monday despite the company’s successful RAISE-4 mission for Japan’s space agency JAXA.The stock dive is seen as a counterintuitive pullback that analysts are framing as profit-taking rather…
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Tesla stock rallied higher on Monday, extending a broader rebound that has unfolded despite a deteriorating backdrop for the company’s core automotive business. The EV stock’s year-to-date gains continue to lag the S&P 500, but…
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Shares of online real estate listing companies tumbled on Monday after Alphabet’s Google was found testing a new format that places homes-for-sale ads directly at the top of search results, threatening to encroach on a…