Statistics Canada reported on Friday (May 30) that real gross domestic product (GDP) gained 0.5 percent during the first quarter of 2025. Even on a per capita basis, real GDP posted a strong 0.4 percent increase. The agency primarily attributed the rise to a 1.6 percent increase in exports during…
NVIDIA (NASDAQ:NVDA) shares rose over 5 percent to hit US$142.50 on Thursday (May 29), extending a powerful rally that reflects Wall Street’s optimism in the chipmaker’s long-term trajectory The company’s positive performance came despite a bruising blow from US export restrictions to China. The semiconductor giant, seen by many industry…
Amazon’s devices unit has a new team tasked with inventing “breakthrough” consumer products that’s being led by a former Microsoft executive who helped create the Xbox. The ZeroOne team is spread across Seattle, San Francisco and Sunnyvale, California, and is focused on both hardware and software projects, according to job…
While U.S. President Donald Trump’s tariffs play out in U.S. courts, another one of his proposed laws could weaponize the American tax system. Investment banks and law firms warn this step could prove to be as significant as the impact of duties on investors. The “One Big Beautiful Bill Act,”…
Bitcoin remains stuck below $110,000 as the financial landscape maintains a cautious tone following the latest Fed updates.While most tokens experienced bearish price actions as sellers outweighed buyers, Zebec Network (ZBCN) and LIBRA bucked the trend with double-digit gains.ZBCN and LIBRA saw sharp gains of 45% and 81% in the…
Nvidia Corporation’s CEO, Jensen Huang, gave a warning about the growing prowess of Chinese AI competitors. Speaking at a recent event, Huang highlighted that Chinese companies are rapidly filling the void left by US firms in the Chinese market due to stringent export restrictions. This development signals a significant shift…
International stocks have outperformed their US counterparts in recent months – but a Jefferies analyst continues to favour the latter as they’re cheaper to own on an absolute basis.Steven DeSanctis expects the US dollar to remain weak in the back half of 2025, which he believes will benefit a bunch…
Nike Inc (NYSE: NKE) has been one big disappointment after another in recent years – and Josh Brown, a renowned investor and chief executive of Ritholtz has even lost conviction in its ability to recover.The sportswear and performance brand is scheduled to report its financials for the fourth quarter in…
Core inflation in Japan’s capital surged to a more than two-year high in May, primarily driven by persistent increases in food costs, according to data released on Friday. This development intensifies the pressure on the Bank of Japan (BOJ) to consider further interest rate hikes, even as separate figures revealed…
European stock markets commenced Friday’s trading session with a slight downturn, as a renewed wave of caution swept through investor sentiment following a US court’s decision to temporarily reinstate President Donald Trump’s widespread tariffs. Despite this immediate pressure, the benchmark pan-European index remained on track for a robust monthly gain.As…