Braskem shares rallied on Wednesday after reports named the company as a key beneficiary of a proposed government incentive program targeting the domestic chemical sector.At 10:25 a.m. Brasília time, Braskem’s stock was up 7.53% at R$10, having briefly climbed more than 8% earlier in the session, according to local news…
All eyes are on Nvidia Corp (NASDAQ: NVDA) this morning as the artificial intelligence giant continued to extend gains and become the world’s first $4.0 trillion company.However, a senior JPMorgan analyst is all praise for a different chip stock instead. On Wednesday, Harlan Sur reiterated his “overweight” rating on Broadcom…
Linda Yaccarino has stepped down as CEO of X, the platform once known as Twitter, bringing an eventful chapter to a close. Over the past two years, she was at the center of one of tech’s most ambitious and chaotic transformations. Handpicked by Elon Musk in June 2023, the veteran…
After imposing heavy tariffs on 14 nations and revealing plans to push import duties on the copper and pharma sector, US President Donald Trump on Wednesday delivered letters to seven more nations.The countries that came under fresh fire from Donald Trump include the Philippines, Brunei, Moldova, Algeria, Iraq, Libya and Sri Lanka.Donald Trump shared the…
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…