Year: 2024

Advance Magazine, a significant shareholder in Reddit Inc , is reportedly seeking to establish a credit facility backed by its stake in the social media platform, Bloomberg reported on Thursday. As the publishing arm of the Newhouse family, Advance owns prominent media entities, including Condé Nast and American City Business…

Nvidia’s strong third-quarter performance and guidance further bolster the positive outlook for Taiwan Semiconductor Manufacturing  according to Bank of America analysts. “These results highlight robust structural AI demand, with minimal digestion periods as adoption accelerates,” noted analysts led by Brad Lin. They emphasized that Nvidia’s consistent annual cadence for developing…

US stock index futures mostly declined on Thursday, pressured by disappointing guidance from AI leader Nvidia and rising tensions between Russia and Ukraine. As of 06:15 ET (11:15 GMT), Dow Jones Futures edged up 10 points, or 0.1%, while S&P 500 Futures dropped 7 points, or 0.1%, and Nasdaq 100…

JD Sports Fashion Plc has revised its full-year profit forecast, cautioning investors that earnings are now expected to fall at the lower end of its previously estimated range of £955 million to £1,035 million. This announcement led to a sharp decline in its share price, which dropped over 13%. The…

LONDON (Reuters) – Official data revealed that Britain borrowed more than anticipated in October, highlighting the challenges faced by Finance Minister Rachel Reeves, who has pledged to both repair public finances and significantly boost spending. According to the Office for National Statistics, public sector net borrowing for October reached £17.4…

Japan’s government is planning a new stimulus package worth 21.9 trillion yen ($141 billion) in fiscal spending, which is expected to be approved this week, according to public broadcaster NHK on Thursday. The total package, including private sector contributions, amounts to 39 trillion yen, with 13.9 trillion yen allocated from…

Seoul, Nov 21 (IANS) High household debt and anticipated policy shifts under Donald Trump’s administration are among the key systemic risks to South Korea’s financial system, according to a central bank poll released Thursday. The survey, conducted by the Bank of Korea among 78 financial and economic experts, revealed that…

STMicroelectronics shares dropped on Wednesday following the announcement of a delay in its long-term financial goals.   The semiconductor giant extended its target of reaching $20 billion in revenue with a gross margin of around 50% to 2030, revising its earlier timeline of 2025-2027. To address market uncertainties, the company introduced…

Some of the post-election gains in the US dollar have already been partially reversed, and UBS expects the currency to consolidate at current levels rather than push higher in the near term.   As of 06:15 ET (11:15 GMT), the Dollar Index, which measures the greenback against six major currencies, was…

On Wednesday, Japan’s ruling coalition reached an agreement with a key opposition party on the draft of an economic stimulus package, overcoming a significant hurdle for the $87 billion plan aimed at alleviating the impact of rising prices on households. The agreement, made between the Liberal Democratic Party (LDP), its…