Apple Inc. is facing increased pressure from analysts to rethink its leadership strategy as it navigates a critical juncture in its evolution. Following the announcement that Chief Operating Officer Jeff Williams will retire later this year, LightShed Partners analysts Walter Piecyk and Joe Galone issued a stark warning: Apple may…
Asia-Pacific stock markets began Thursday’s session with a mixed performance, as investors navigated a complex landscape of new US tariff announcements from President Donald Trump and a key interest rate decision from the Bank of Korea. While some regional bourses found positive footing, Japanese stocks slipped, and Indian benchmarks like…
Shares of Core Scientific plunged after AI cloud provider CoreWeave announced plans to acquire the data center firm in an all-stock deal, a reaction that defies the typical market response to acquisition news. Instead of rallying to reflect the purchase price, Core Scientific stock dropped 25%, closing at $13.43 on…
Shares of US-based copper giant Freeport-McMoRan climbed 3.75% to $47.30 in premarket trading on Wednesday, as investors reacted to a new 50% tariff on imported copper announced by former President Donald Trump.The tariff, set to take effect from August 1, is part of a broader push to reshore strategic metals…
In a significant escalation of trade tensions, US President Donald Trump has threatened Brazil with 50% tariffs on their imports to the United States.The tariff threat seems like a regular part of Donald Trump’s playbook, but this time it looks like this is more than a trade matter.Trump’s latest threat,…
UBS announced a revised outlook on the global oil refining industry, anticipating a significant tightening of supply balances in the coming years. This adjustment is primarily attributed to two critical factors: widespread project delays in new refinery constructions and a series of additional refinery closures globally, according to an Investing.com report. These…
Asia-Pacific stock markets began Thursday’s session with a mixed performance, as investors navigated a complex landscape of new US tariff announcements from President Donald Trump and a key interest rate decision from the Bank of Korea. While some regional bourses found positive footing, Japanese stocks slipped, and Indian benchmarks like…
OpenAI is preparing to launch an artificial intelligence-powered web browser in the coming weeks, potentially setting the stage for a direct challenge to Alphabet Inc.’s market-leading Chrome browser. The move, reported by Reuters citing three people familiar with the matter, signals OpenAI’s ambitions to further integrate its AI tools into…
Nissan Motor has announced a suspension of US production for three of its vehicle models specifically designated for the Canadian market, according to a Reuters report. This decision comes as a direct consequence of the escalating trade tensions between the United States and Canada, which have resulted in the imposition of…
Taiwan Semiconductor Manufacturing Co. (TSMC) reported a 39% year-on-year increase in revenue for the June quarter, exceeding analyst expectations and reinforcing optimism around continued investment in artificial intelligence infrastructure.Based on monthly disclosures, consolidated revenue for the April–June period reached approximately NT$934 billion (US$32 billion). That figure surpassed the average analyst…