On Wednesday, Asian shares and global stock futures experienced a significant decline, with technology stocks leading the way. Stock benchmarks in Tokyo and Taipei were hit hard, each falling more than 3%. The broader MSCI index of Asia-Pacific shares outside Japan was also 1.8% lower. Market analysts attributed the sell-off to worries about the global
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Tiger 21, a network of ultra-high-net-worth investors and entrepreneurs, has recently released an asset allocation report that sheds light on the investment preferences of its members. Surprisingly, more than half of Tiger 21’s members have chosen not to invest in chip giant Nvidia, a decision that has raised eyebrows in the financial world. With a
The recent sell-off on Wall Street has sent shockwaves across global markets, with traders seeking refuge in safe-haven assets like the Japanese yen. This surge in the yen’s value has been accompanied by a decline in riskier currencies such as the Australian dollar and sterling. The catalyst for this shift was soft U.S. manufacturing data,
The stock market has been on a rollercoaster ride lately, with some major players experiencing significant loss. Nvidia, for example, lost a whopping $279 billion in market value in a single day, marking the fifth time the stock has taken such a hit. With a 9.5% drop on Tuesday alone, Nvidia is now down 23.3%
The Asian semiconductor market experienced a downturn on Wednesday morning, following the significant drop in Nvidia’s share price in the U.S. Nvidia, a leading chipmaker, saw its stock plummet by more than 9% during regular trading hours in the U.S. This decline had a ripple effect on semiconductor stocks across the region, as investors reacted
September has been waiting for a blockbuster hit for quite some time, and Warner Bros. seems to have delivered with the highly anticipated sequel, Beetlejuice Beetlejuice. The movie is expected to make a splash with a global opening estimated to reach $145M, with a domestic opening target of $100M-$110M. The buzz around the movie is
Steph Curry, a four-time NBA Champion, is already looking towards his future after basketball. In a recent interview with CNBC, the 10-time NBA All-Star discussed his plans for the remainder of his basketball career and his aspirations for the future. Curry, who is 36 years old, has already established a media company called Unanimous Media,
The recent news that Volkswagen is considering closing factories in Germany for the first time raises concerns about the mounting price pressure the carmaker faces from Asian rivals. This move represents a significant shift in strategy and marks the first major clash between Chief Executive Oliver Blume and the influential unions at VW. The potential
The Milken Institute’s best performing cities China Index for 2023 has shown significant fluctuations in rankings for Chinese cities. Hangzhou, the capital of Zhejiang province, has emerged as the top-ranked city thanks to its status as a tech hub, hosting companies like Alibaba. On the other hand, Zhuhai, a once-promising city in Guangdong province, has
As the world of technology advances, many hotel chains are making efforts to switch from traditional plastic room keys to digital options, such as Apple Wallet and Google Wallet apps. This transition has been expedited due to the impact of the pandemic, where touchless trends became the norm. Additionally, concerns over cybersecurity have driven the