Global Archives - Page 93 of 441

2 minute read

Warren Buffett-Backed BYD Seeks Tesla’s Support Amid Tough Competition In China’s EV Market: ‘Brands That Aren’t Able To Compete…Will Be Eliminated’

January 30, 1:32 AM

Yunfei Li, the General Manager of Branding and Public Relations at BYD, stated in a press conference on Monday that the competition has resulted in the lowest worldwide prices for EVs. He further implied that brands unable to keep up with the competition would falter in the coming years.

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2 minute read

JPMorgan’s Jamie Dimon Raises Alarm Over Potential Global Market ‘Rebellion’ Due To Record US Debt: ‘That Hockey Stick Doesn’t Start Yet’

By Benzinga Neuro

January 29, 9:51 PM

The growing U.S. national debt has been a topic of concern for some time now. The national debt surpassed $34 trillion at the start of 2024, marking a significant increase from when it first hit the $1 trillion mark in 1982.

JPM

2 minute read

Surging Uranium Demand, Supply Constraints Fuel Predictions Of Record Price Increases

By Stjepan Kalinic

January 29, 6:58 PM

Uranium prices hit new highs as demand grows and supply struggles to meet it, with analysts predicting a surge to $160/lb this year and a potential squeeze in the market. C

CCJ

3 minute read

Short Seller Does Victory Lap After Amazon Deal Dies — What Happened To iRobot?

By Natan Ponieman

January 29, 4:12 PM

iRobot stock falls 16% after Amazon merger falls apart, shares recover 7% by end of day. Company to restructure, CEO resigned.

AMZN

2 minute read

Crude Oil Down Over 1%; Science 37 Holdings Shares Spike Higher

By Avi Kapoor

January 29, 3:24 PM

U.S. stocks traded slightly higher toward the end of trading, with the Nasdaq Composite gaining around 75 points on Monday. The Dow traded up 0.03% to 38,121.11 while the NASDAQ rose 0.48% to 15,529.84. The S&P 500 also rose, gaining, 0.19% to 4,900.27.

2 minute read

Dow Edges Lower; Cardlytics Shares Jump

By Avi Kapoor

January 29, 1:16 PM

U.S. stocks traded mixed midway through trading, with the Nasdaq Composite gaining around 20 points on Monday. The Dow traded down 0.04% to 38,093.41 while the NASDAQ rose 0.15% to 4,891.83. The S&P 500 also rose, gaining, 0.02% to 4,891.83.

2 minute read

Spot Bitcoin ETF Application Marks New Era For Hong Kong: Will It Unlock A Flood Of Chinese Investment?

By Murtuza Merchant

January 29, 12:03 PM

In a significant development for the cryptocurrency market in Hong Kong, Harvest Fund has officially applied to the first-ever Bitcoin (CRYPTO: BTC)

BLK

2 minute read

US Stocks Edge Higher; Amazon And iRobot Agree To Terminate Acquisition Deal

By Avi Kapoor

January 29, 10:48 AM

U.S. stocks traded slightly higher this morning, with the Dow Jones index gaining around 25 points on Monday. Following the market opening Monday, The Dow traded up 0.07% to 38,134.80 while the NASDAQ rose 0.04% to 15,461.42. The S&P 500 also fell, dropping, 0.04% to 4,893.17.

AMZN

3 minute read

Evergrande Liquidation’s ‘Snowball Effect’: What’s Next For China’s Troubled Real Estate Sector?

By Piero Cingari

January 29, 10:18 AM

Hong Kong court orders liquidation of China Evergrande, biggest real estate developer, sending shockwaves through financial community.

BABA

2 minute read

China Plans Merger Of State-Owned Bad Debt Managers With Sovereign Wealth Fund Amid Stock Market Turbulence

By Benzinga Neuro

January 29, 5:22 AM

The merger aims to boost the inherent stability of China's capital markets and restore investor confidence. The news comes in the wake of a recent announcement by China's securities regulator, stating that the lending of restricted shares would be suspended from Monday.

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