The CEOs of artificial intelligence giants such as Google DeepMind and Microsoft AI are set to attend the annual Bilderberg Meeting in Madrid, Spain. This exclusive gathering will also see the presence of prominent figures from the business and political realms, including Citigroup CEO Jane Fraser, former Google CEO Eric Schmidt, and Shell CEO Wael
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Pinduoduo (PDD) has carved out a niche for itself in China’s competitive e-commerce market, positioning itself as a value-for-money platform. Analysts have recognized PDD’s success, highlighting its growth trajectory and market dominance. The company’s Temu marketplace has played a significant role in solidifying its position as China’s most valuable e-commerce company, surpassing industry giants like
In recent times, gold prices have been on a steady climb, reaching record highs and creating a buzz in the market. Spot gold managed to hit a new peak of $2,449.89 per ounce on a given Monday, with silver and copper following suit. Although the prices have slightly receded, they still remain close to their
The Asia-Pacific markets experienced a rise on Monday as China’s industrial profits showed an increase during the first four months of the year. Official data revealed that China’s industrial profits rose by 4.3% year-on-year in the January to April period. This positive growth in profits has boosted investor confidence and contributed to the upward trend
Morgan Stanley recently updated its forecasts for Tuya, a U.S.-listed Chinese company that primarily generates its revenue from overseas markets. According to Asia equity analyst Yang Liu and the team, they have raised their price target on Tuya to $3.50, representing a potential increase of over 75%. The analysts also highlighted the short-term valuation opportunity
China recently conducted war games around Taiwan, simulating attacks with bombers and practicing boarding ships. These exercises were seen as a direct provocation by Taiwan, which condemned the actions as aggressive and threatening. The drills, named “Joint Sword – 2024A”, lasted for two days and involved a significant number of Chinese warplanes and warships. The
X CEO Linda Yaccarino recently spoke out against Australia’s online safety regulators in response to a legal dispute involving X’s platform. Yaccarino accused Australia of overreach in their attempts to block videos of a violent incident involving a priest in Sydney. The incident sparked a clash between X and the Australian government, with Elon Musk
Nvidia has reached a significant milestone with its shares surpassing $1,000 for the first time in extended trading, following the release of its fiscal first-quarter results that exceeded analyst expectations. This achievement reflects the ongoing momentum of the AI boom, which has captured the attention of investors worldwide. The company’s robust performance in the first
The recent statements from Federal Reserve officials regarding the inflation landscape in the U.S. have sparked confusion and skepticism among experts in the financial sector. Julian Howard, lead investment director of multi-asset solutions at GAM, has criticized the Fed for appearing clueless about the current state of inflation. According to Howard, the lack of a
The Asia-Pacific markets experienced a mixed reaction on Tuesday following the surge in tech shares that propelled the Nasdaq Composite to record highs. While Nvidia shares saw a gain of more than 2% due to positive analyst calls, several other companies also experienced changes in their stock values. South Korea’s Kospi index fell by 0.34%,