A wave of relief swept across Asian markets on Tuesday, igniting a powerful rally led by technology shares after President Donald Trump signaled a crucial softening in the US tech war with China and extended a vital trade truce. The news sent investors flocking back to risk assets, hopeful that…
Returning from a holiday with explosive force, Japan’s Nikkei 225 Stock Average shattered its all-time high on Tuesday, as a powerful wave of relief over US trade policy and a rally in technology shares created a perfect storm of investor confidence. The blue-chip gauge soared as much as 2.5% to…
The NVIDIA stock price is in the spotlight as concerns about its Chinese business continues. NVDA is hovering at a record high of $182, bringing the year-to-date gains to 30%, and pushing its market capitalization to over $4.35 trillion. It has jumped by 110% from its lowest point this year.China…
US fast-food chain Steak ‘n Shake has credited its embrace of Bitcoin for a 10.7% same-store sales increase in the second quarter, outpacing major competitors and bucking broader industry trends. The growth, reported on Friday, was the strongest among America’s top fast-food names in the period, with McDonald’s seeing a…
European markets opened on a positive footing Tuesday, riding a wave of global optimism after the United States stepped back from the brink of a trade war escalation with China. The continent-wide rally provided a moment of calm, but investors remain on high alert as they pivot their focus to…
Chinese authorities have issued guidance to local companies advising against the use of Nvidia’s H20 artificial intelligence chips, particularly in government-related projects, Bloomberg News reported on Tuesday, citing people familiar with the matter.According to the report, notices were sent to a range of firms discouraging the use of the H20,…
The UK job market is showing signs of a potential turnaround, with a recent, more modest decline in payroll employment hinting that the most severe impacts of significant tax increases and Living Wage hikes may now be in the rearview mirror.Despite better news on wage growth, allowing the Bank to…
Beijing escalated its trade dispute with Ottawa on Tuesday, announcing a preliminary anti-dumping duty on Canadian canola imports. This move marks a significant development in a year-long economic disagreement that originated last August when Canada implemented tariffs on Chinese electric vehicle imports. The imposition of duties on canola, a major Canadian agricultural…
Intel Corp shares rose about 3% in pre-market trading on Tuesday after US President Donald Trump confirmed he had met with company chief executive Lip-Bu Tan, just days after publicly calling for his removal over alleged ties to Chinese businesses.“I met with Mr. Lip-Bu Tan, of Intel, along with Secretary…
Dow futures were trading in red before the opening bell on Tuesday as the investor focus shifts to July’s consumer price index, due later today, which could mark the first uptick in core inflation in six months.The release will be a key test for the Federal Reserve. Many traders still…