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Huawei Unveils Mate 70 Series Amid Looming U.S. Chip Restrictions Chinese tech giant Huawei Technologies introduced its Mate 70 smartphone series on Tuesday, signaling a significant step in its premium smartphone resurgence while highlighting its proprietary operating system, marking a decisive shift away from U.S. technology. Richard Yu, chairman of…

On Tuesday, the Japanese government reaffirmed its view that the economy is experiencing moderate recovery, though it expressed concerns about potential risks stemming from U.S. President-elect Donald Trump’s policies. A Cabinet Office official highlighted that changes in the U.S. economy could have both direct and indirect effects on Japan, particularly…

Bitcoin declined on Tuesday, continuing its retreat from recent highs, as market sentiment soured after President-elect Donald Trump announced plans for new trade tariffs targeting China and other countries. The cryptocurrency dropped 3.6% to $94,567.1 by 00:49 ET (05:49 GMT), marking a pullback from last week’s record of over $99,000,…

Japanese Stocks Set for 2025 Gains as Tariff Impact Remains Limited: BofA Japanese stocks are poised for improved returns on equity (ROE) in 2025, according to a recent note by Bank of America (BofA). The brokerage highlighted limited effects from U.S. trade tariffs on China and a rebound in domestic…

Gold prices edged up slightly in Asian trading on Tuesday as President-elect Donald Trump’s threats of increased trade tariffs spurred demand for safe-haven assets. However, gains were capped by a strengthening U.S. dollar, which rebounded toward its recent two-year high, making gold more expensive for holders of other currencies. Spot…

Macroeconomic uncertainty and evolving policies under the Trump administration may lead to short-term market volatility, but Evercore ISI views these fluctuations as opportunities to increase exposure to the S&P 500, according to a note released Sunday. Evercore forecasts the S&P 500 (SPX) to reach 6,600 by mid-2025, despite its current…

Europe’s main stock index opened at a two-week high on Monday, buoyed by the nomination of U.S. President-elect Donald Trump’s Treasury Secretary and optimistic remarks from the European Central Bank’s chief economist regarding monetary policy easing. The pan-European STOXX 600 rose 0.5% by 0810 GMT, driven by gains in basic…

German business morale dropped more than anticipated in November, adding to the negative outlook for a country projected to be the worst-performing among the G7 nations this year. The Ifo Institute reported that its business climate index fell to 85.7 in November, according to a survey released on Monday. Analysts…

The dollar gave up some of its recent gains on Monday as the nomination for U.S. Treasury secretary appeared to ease concerns in the bond market, leading to a dip in yields and slightly reducing the currency’s rate advantage. Yields on 10-year Treasuries fell to 4.351% from 4.412% on Friday,…

Bitcoin’s price edged lower on Monday after steep weekend losses, as its attempt to reach the historic $100,000 mark faltered amid uncertainty over the implications of a Trump presidency for cryptocurrency. The token had hit a series of all-time highs last week, climbing to $99,617.4 following Donald Trump’s victory in…