Reported 16 days ago
Source: YAHOO
Reported 16 days ago
Source: YAHOO
Reported 16 days ago
Source: YAHOO
Reported 16 days ago
Source: YAHOO
Reported 16 days ago
Source: YAHOO
Reported 16 days ago
Billionaire Ken Griffin's Citadel recently reduced its stake in Palantir Technologies by 48%, redirecting funds into Chipotle Mexican Grill, which saw a significant stock split. Despite Palantir's popularity in the AI sector, Griffin's move reflects a disciplined approach to portfolio management, realizing profits from a high-flying stock while seizing opportunities in a temporarily undervalued restaurant chain. This shift indicates a recognition of shifting market dynamics, as Griffin seeks to balance valuation discipline with long-term positioning.
Source: YAHOO
Reported 16 days ago
Michael Hiltzik explores the impact of corporate tax cuts on the federal deficit, revealing that while these cuts are predicted to increase corporate profits significantly, the benefits largely accrue to wealthy executives and shareholders rather than the average American. The article questions the equity of tax policies, suggesting that the rich gain more from corporate tax breaks while essential programs like Obamacare face funding cuts, leaving many Americans vulnerable.
Source: YAHOO
Reported 16 days ago
Source: WSJ
Reported 16 days ago
Source: WSJ
Reported 16 days ago
This article discusses three companies poised to benefit from the rise of quantum computing and artificial intelligence: Nvidia, Taiwan Semiconductor Manufacturing (TSMC), and ASML. Nvidia is leveraging its software to integrate traditional and quantum computing. TSMC stands out for its advanced chip production capabilities, essential for both technologies. ASML controls a technological monopoly with its specialized machines crucial for chip manufacturing, positioning it well to meet the growing demand as AI and quantum computing evolve.
Source: YAHOO
Reported 16 days ago
Source: BARRONS
Reported 16 days ago
Source: BARRONS
Reported 16 days ago
Source: BARRONS
Reported 16 days ago
Source: BARRONS
Reported 16 days ago
Oil prices fell slightly as the market reacted to the International Energy Agency's forecast of a potential supply surplus in 2026 and renewed trade tensions between the US and China. Brent crude dropped to $62.18 per barrel while US West Texas Intermediate fell to $58.57. Analysts indicated that the focus is currently on oversupply and geopolitical tensions, which could dampen demand and economic output.
Source: YAHOO
Reported 16 days ago
London-listed Pennpetro Energy Plc has secured Heads of Terms to acquire a 100% stake in the Limnytskyi oil and gas exploration license in western Ukraine, a region rich in oil and gas fields. The company plans to develop this underexplored opportunity to contribute to Ukraine's energy independence and security. The acquisition is subject to regulatory approvals and further due diligence, with plans to re-enter a previously abandoned well and drill new prospects soon.
Source: YAHOO
Reported 16 days ago
Source: WSJ
Reported 16 days ago
Source: WSJ
Reported 16 days ago
Tata Communications reported a 19.4% decline in quarterly net profit due to increased expenses, despite a growth in its data services business. The company is transitioning from traditional network services to digital services, aiming for a significant boost in future revenue and margins. Although overall revenue rose by 6.5%, network and transmission costs surged by 10%, affecting the profit margin.
Source: YAHOO
Reported 16 days ago
Apple is lobbying the Indian government to amend its income tax law, which currently penalizes the company for owning high-end iPhone manufacturing equipment used by its contract manufacturers. This tax issue is deemed a barrier to Apple's expansion in India, where the company aims to grow its market share, which has doubled to 8% since 2022. The discussions with Indian officials highlight the delicate balance between encouraging foreign investments and preserving sovereign tax rights, as Apple continues to face potential billions in taxes unless the law is modified.
Source: YAHOO
Reported 16 days ago
In escalating trade tensions, President Trump labeled China 'economically hostile' for its lack of soybean purchases and threatened an embargo on cooking oil imports. He argues that China's refusal to buy U.S. soybeans harms American farmers and hinted at a potential halt in business with China regarding cooking oil, which is a byproduct of soybeans. As the U.S. shifts from being a net exporter to a net importer of used cooking oil, these trade disputes are exacerbated by China's recent export controls on rare earth elements.
Source: YAHOO
Reported 16 days ago
JPMorgan Asset Management's CEO for Asia-Pacific, Dan Watkins, emphasized that China will be a key contributor to the firm's ambitious plan to double its assets under management in the region to approximately $600 billion over five years. He anticipates substantial growth from China's asset management sector, particularly in exchange-traded funds (ETFs), as international investors seek diversification amid geopolitical tensions. With Hong Kong as a central hub for innovation, JPMorgan aims to significantly expand its ETF offerings and capitalize on cross-border investment opportunities.
Source: YAHOO
Reported 16 days ago
Apple is lobbying the Indian government to amend its income tax laws, which currently hinder its expansion by taxing the company for owning high-end machinery provided to contract manufacturers. As Apple's market share in India grows, the company faces potential billions in additional taxes if it cannot secure legal adjustments. Talks are ongoing, with Apple emphasizing the importance of the manufacturing sector to India's economy while officials remain cautious about altering tax regulations.
Source: YAHOO
Reported 16 days ago
Recent fluctuations in the stock market have been attributed to heightened US-China trade tensions, which have created uncertainty for investors. Stocks initially rose significantly over the past months but have recently experienced volatility, with the Dow and S&P 500 reflecting mixed performances amid fears of a potential trade war. Analysts warn that ongoing geopolitical risks and tensions in the tech and chip sectors—many of which are sensitive to trade relations—could lead to further market instability.
Source: YAHOO