Global Trade
BYD Projects Staggering Q3 Net Profit Amidst Industry Competition
Chinese electric vehicle juggernaut, BYD, announced on Tuesday its projection of a twofold surge in net profit for the third quarter, attributing the surge to...
US Halts AI Chips Exports to China, Tightens Controls
Exports of AI chips to China Halted In a significant move to safeguard advanced US technologies and curb China’s military development, the Biden administration announced...
Bitcoin’s Soaring Rally Fuels Hopes as SEC ETF Decision Looms
The recent 10% surge in Bitcoin has sent ripples through the crypto market, grabbing the attention of traders and enthusiasts alike. This spike comes in...
US Factory Production Surges 0.4% Despite Auto Industry Strikes
In a surprising turn of events, the US factory production witnessed a notable upswing, defying expectations amid ongoing strikes within the automobile industry that have...
Lucid Group Reports Near 4% Increase in Q3 Deliveries Amid EV Market Challenges
Lucid Group, the electric vehicle manufacturer, revealed a nearly 4% sequential uptick in its deliveries during the third quarter (Q3) ending on September 30. This...
Stocks Rally Amidst Geopolitical Tensions, Earnings Season Unfolds
Amidst escalating geopolitical tensions surrounding the US-Israel-Hamas conflict, Wall Street staged a rally on Monday, exhibiting remarkable resilience as stocks surged. The Dow Jones Industrial...
Volkswagen Faces Delay in 10 Billion Euro Cost-Cutting Drive
Volkswagen, in its pursuit of a 10 billion euro cost-cutting initiative for its eponymous brand, has encountered delays, sources familiar with the matter reveal. Initially...
Mixed Results Close Out the Week on Wall Street Amid Middle East Tensions Despite Strong Bank Earnings
Friday’s trading session and the week on Wall Street concluded with mixed results, as investors grappled with a surge in geopolitical tensions in the Middle...
Oil Prices surge as Middle East Tensions Escalate: Potential New Front in Israel-Hamas Conflict Raises Concerns
Global oil prices experienced a sharp surge on Friday as geopolitical tensions in the Middle East intensified. The catalyst for the surge was Iran’s announcement...
Strong Demand for Wegovy and Ozempic: Novo Nordisk Q3 Sales Surge by 33%, 47% Operating Profit Growth
Novo Nordisk, Europe’s most valuable company in 2023, announced on Friday a significant upward revision of its full-year sales and operating profit outlook, surpassing market...
