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,
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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
European Central Bank policymakers are currently facing a rift when it comes to their outlook on economic growth. This division within the ECB could potentially shape the ongoing debate regarding the rate cut decision for the coming months. Some members are concerned about the possibility of a recession, while others are more focused on the
As per the forecasts by economists, Bank Negara Malaysia (BNM) is anticipated to maintain its key interest rate at the current level of 3.00% through 2025. The decision to keep the interest rate stable reflects the country’s robust economic growth and manageable inflation rate. Despite inflation hovering around 2.0%, the Malaysian ringgit has shown significant