Shares of Zip Co. surged more than 25% on Friday, reaching their highest level in over three years, after the buy-now-pay-later company reported a sharp rise in annual earnings and unveiled plans for a secondary listing in the United States.The stock climbed as much as 25.6% to A$3.92 in early…
US President Donald Trump and South Korean President Lee Jae Myung are set to hold their first summit meeting in Washington on Monday. This follows last month’s trade deal, which reduced US tariffs on South Korea from a threatened 25% to 15%. Discussions are also expected to focus on US efforts to…
Global defense spending is poised to accelerate as conflicts in Europe, the Middle East, and rising tensions in Asia intensify demand for new technologies and weaponry. The US defense budget is projected to surpass $1 trillion in fiscal year 2026, while European nations, spurred by fresh commitments under the Trump…
Nvidia Chief Executive Jensen Huang on Friday lauded Taiwan Semiconductor Manufacturing Co. during a visit to Taipei, calling the company one of the greatest in history and suggesting that any investor buying into it would be “very smart.”The comments came in response to questions about Washington’s interest in acquiring stakes…
Existing home sales in the US rose 2% in July, signaling a modest rebound in buyer activity.However, home price growth slowed to just 0.2% for the month, even as inventory levels reached their highest point since May 2020.While affordability remains a challenge, Redfin CEO Glenn Kelman says the housing market…
JPMorgan Chase has agreed to pay $330 million (about RM1.4 billion) to Malaysia, a deal that closes out the bank’s long-running dispute over its role in the 1MDB scandal. The announcement came on August 22 after years of back-and-forth in courts on multiple continents.The settlement money will be funneled into…
Shares of Zip Co. surged more than 25% on Friday, reaching their highest level in over three years, after the buy-now-pay-later company reported a sharp rise in annual earnings and unveiled plans for a secondary listing in the United States.The stock climbed as much as 25.6% to A$3.92 in early…
A busy night in global affairs saw Beijing sharpen its rhetoric ahead of hosting world leaders, Nvidia forced to pause a key chip rollout under Chinese scrutiny, and Elon Musk making an unlikely approach to Mark Zuckerberg in his pursuit of OpenAI. Here’s your one-stop stand to catch up on…
Global defense spending is poised to accelerate as conflicts in Europe, the Middle East, and rising tensions in Asia intensify demand for new technologies and weaponry. The US defense budget is projected to surpass $1 trillion in fiscal year 2026, while European nations, spurred by fresh commitments under the Trump…
XPeng stock price has done well this year and is beating many electric vehicle companies like Tesla, BYD, and Nio. XPEV jumped to high of $22.75 on Friday, up by 253% from its lowest point in 2024, bringing its valuation to over $21 billion. The bullish case for XPeng stockThere are…