Year: 2024

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…

Asian shares traded cautiously on Wednesday as investors awaited Nvidia’s highly anticipated third-quarter earnings, with significant risks of potential disappointment. The dollar, meanwhile, steadied after three consecutive sessions of losses.   Nvidia, the world’s most valuable chipmaker, is set to report results after the market close. Its shares surged 4.9% on…

A Preview of the Day in European and Global Markets by Stella  Asian trading remained muted as investors eagerly awaited the earnings report from Nvidia, the AI powerhouse and the world’s most valuable company with a staggering market cap of $3.6 trillion. With Nvidia shares already climbing 5% overnight, expectations…

Gold prices edged higher on Wednesday, supported by increased safe-haven demand driven by escalating Russia-Ukraine tensions. However, gains were capped by a firm dollar. The yellow metal recovered from recent two-month lows earlier in the week, aided by slight dollar weakness. Yet, the greenback stabilized on Wednesday, curbing gold’s momentum. …

The founding Ito family of Japanese retailer Seven & is reportedly seeking to raise over 8 trillion yen ($52 billion) to take the company private by the end of this fiscal year, according to NHK.  To achieve this, the family has created a special purpose company and is negotiating with…

Shares of Super Micro Computer Inc. surged 36% to $29.30 by 18:32 ET (23:32 GMT) on Monday evening after the company appointed BDO USA as its new auditor. Additionally, Super Micro announced it had submitted a plan to request more time to meet listing requirements.  The server manufacturer expressed confidence…

Tuesday’s earnings spotlight is on Walmart (NYSE:WMT), set to report before the market opens. The retail giant is expected to showcase another strong quarter, as its focus on low-cost essential goods continues to attract budget-conscious consumers amid softening demand. Analysts predict a revenue increase of approximately 4% and a 5%…

Nestle announced plans to boost advertising and marketing, reduce costs by at least $2.8 billion by 2027, and establish a standalone global unit for its water and premium beverages businesses as part of a strategy to drive growth under new CEO Laurent Freixe.  The world’s largest food company aims to…

Gold prices climbed in Asian trading on Tuesday, building on their recovery from two-month lows as the dollar eased from recent highs. Heightened tensions between Russia and Ukraine further fueled demand for the safe-haven asset.   The precious metal saw a sharp rebound earlier this week, as a decline in risk-driven…

Hong Kong’s High Court sentenced 45 prominent pro-democracy figures on Tuesday to prison terms of up to 10 years, a decision critics argue marks a significant erosion of the rule of law in the city.   Republican Chris Smith, Chair of the U.S. Congressional-Executive Commission on China  “The Hong Kong government…