Nvidia, the chipmaker, saw a significant surge in its stock price, jumping 16% after posting strong earnings and guidance. This surge contributed to a 59% year-to-date increase, driven by the excitement around artificial intelligence stocks. The positive performance also briefly pushed the company’s market cap above $2 trillion during the recent trading session. However, this
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Grab, the Southeast Asian ride-hailing giant, has made an impressive turnaround by posting its first-ever profitable quarter, achieving a profit of $11 million. This is a significant improvement from the $391 million loss recorded in the same period a year ago. The company attributes this boost in profitability to various factors, including the improvement in
The Nikkei 225 in Japan has reached a record high, propelled by the robust performance of banking, electronics, and consumer stocks. This surge has been fueled by strong corporate earnings and investor-friendly measures that have driven a remarkable rally in Japanese equities throughout the year. The Nikkei 225 saw a significant jump of nearly 2%
Nvidia recently reported its fourth fiscal quarter earnings, surpassing Wall Street’s expectations for both earnings and sales. The company announced adjusted earnings per share of $5.16, exceeding the forecasted $4.64 per share. Additionally, Nvidia’s revenue for the quarter reached $22.10 billion, surpassing the expected $20.62 billion. As a result of these strong financial results, Nvidia
In an attempt to boost the sluggish property market in China, the country’s lenders have decided to cut the benchmark five-year loan prime rate. This move, initiated for the first time since June, is seen as a significant step towards revitalizing the economy and encouraging more investments in the real estate sector. The reduction of
The U.S. Federal Reserve’s decision to cut interest rates is expected to have a significant impact on currency valuations, particularly in Asian markets. Traditionally, higher interest rates attract foreign investment, leading to an increase in demand for the associated currency. However, with the Fed adopting a more dovish stance and markets pricing in rate cuts,
China experienced a significant increase in tourism revenues during the eight-day Lunar New Year holidays, surpassing pre-COVID 2019 levels. The surge of 47.3% year-on-year was primarily driven by a boom in domestic travel, providing temporary relief to policymakers in the face of deflationary risks due to weak consumer demand. It is worth noting that the
Ukrainian President Volodymyr Zelenskyy made headlines by openly inviting U.S. presidential hopeful Donald Trump to visit the war-torn front lines of Ukraine. This move, announced at the Munich Security Conference, demonstrated Zelenskyy’s willingness to confront skeptics of Washington’s support for Kyiv. By extending this invitation, Zelenskyy put himself in a vulnerable position, exposing the harsh
Japan’s central bank is facing a difficult dilemma as it considers exiting its negative interest rate regime in the coming months. While sluggish economic growth limits its ability to alleviate depreciation pressure on the yen, inflation levels and the weakening economy demand a change in policy. This article will analyze the challenges faced by the
Japan’s once-thriving economy has faced a significant setback, plunging into a technical recession in the October-December period. The latest provisional government data reveals that high inflation has severely hampered domestic demand and private consumption in what was once the world’s fourth-largest economy. This unexpected contraction not only poses a challenge for Bank of Japan Governor