The S&P 500 closed lower on Monday, with Nvidia, a major player in the AI sector, seeing a decline before its quarterly report later in the week. Investors were also eagerly awaiting inflation data for indications on the potential direction of interest rate cuts by the Federal Reserve. The Nasdaq also experienced a dip, while
Federal Reserve Chair Jerome Powell’s recent speech at the Jackson Hole Economic Symposium indicated a notable shift in the central bank’s stance on monetary policy. Powell’s remarks highlighted the Fed’s readiness to lower interest rates, aligning with market expectations for multiple rate cuts. This move reflects a shift towards prioritizing the labor market over inflation,
The sequel to Alien, Romulus, has been a major success at the international box office. In its sophomore session, the film added $41.6M overseas, bringing its offshore cume to $152.8M. With a global total of $225.4M through Sunday, Romulus is continuing to perform well. Particularly in China, the movie is overperforming and has become the
Last week, the World Robot Conference kicked off in Beijing with a record of 27 humanoids debuting at the event, showcasing the country’s rush into the development of humanlike robots. This surge is reminiscent of China’s electric car industry a few years ago, with over 100 billion yuan already invested in the robotics sector in
In recent years, instances of the federal government revoking passports due to unpaid tax debts have increased. The law mandates that the IRS and Treasury Department inform the State Department when an American holds a “seriously delinquent tax debt.” This debt is a substantial federal amount, exceeding $62,000 as of 2024, that the taxpayer has
The latest box office numbers reveal underwhelming performances for new releases such as “Strange Darling” and “Between The Temples.” Despite the potential for success in the thriller and comedy genres, these films failed to attract a substantial audience. “Strange Darling,” a film about a twisted one-night stand that escalates into a serial killer’s murder spree,
The recent discussions between Thailand’s central bank and the finance ministry have brought to light the clash of views on certain key issues. Prime Minister Paetongtarn Shinawatra has raised concerns about central bank independence, referring to it as an “obstacle” to economic growth. This comes after her predecessor, Srettha Thavisin, was removed from office by
The latest quarterly reports from major Chinese companies highlight the need for careful stock selection in the local market. According to Lorraine Tan, director of Asia equity research at Morningstar, the outperformance in the market has been limited to certain companies. The overall trend reflects weakness due to macroeconomic factors, with cautious guidance being issued
Pavel Durov, the billionaire founder and CEO of the popular messaging app Telegram, was reportedly arrested at Bourget airport in Paris. This incident has sparked a wave of speculation and concern about the future of the app, which has gained significant traction in regions like Russia, Ukraine, and former Soviet Union republics. Durov, who founded
Evercore ISI analysts have recently recommended buying Nvidia stock, expressing confidence in the chipmaker’s upcoming earnings report for the July quarter. Despite concerns about potential delays in the release of the Blackwell system, Evercore believes that these worries are overstated. The investment bank pointed out the strong demand for Nvidia’s systems, with a significant increase