category: Global – Page 2 – Charm

Jeff Bezos-Backed Perplexity Aims For $8B Valuation In New Funding Round: AI-Fueled Google Challenger Reportedly Seeks $500M For Growth – Alphabet (NASDAQ:GOOG), Alphabet (NASDAQ:GOOGL)

Perplexity, an artificial intelligence startup, is in discussions to raise its valuation to $8 billion or higher in its latest funding round, a significant increase from its previous valuation of $3 billion. What Happened: The San Francisco-based company, which has seen its valuation triple in the past year, is looking to raise approximately $500 million…

Billionaire Investor Ray Dalio Urges Xi Jinping’s China To Implement This To Prevent Debt Crisis: ‘They Have The Willingness To Do That’ – Alibaba Gr Hldgs (NYSE:BABA), Baidu (NASDAQ:BIDU)

Cs news4 months ago4 months ago05 mins

Ray Dalio, the founder of Bridgewater Associates, has called on Xi Jinping‘s China to adopt a “beautiful deleveraging” strategy. This comes in the wake of China’s recent stimulus measures, which Dalio believes should be complemented with this strategy to avert a potential debt crisis. What Happened: Dalio, while speaking at the FutureChina Global Forum in…

Chinese Stocks Plunge As Stimulus Hopes Fade: Hong Kong Posts Worst Daily Decline Since October 2008 – Alibaba Gr Hldgs (NYSE:BABA), Baidu (NASDAQ:BIDU)

Cs news5 months ago07 mins

After weeks of soaring performance that positioned Chinese stocks among the best global performers year-to-date, a sharp selloff swept across Chinese markets overnight, with the Hang Seng Index in Hong Kong plummeting more than 9% on Tuesday. The massive drop marks the index’s worst single-day loss since October 2008, during the height of the global…

‘Absolutely Impossible’ For China To Become Taiwan’s ‘Motherland,’ Says President Lai Ching Te Amid Rising Pressure From Team Xi Jinping

Cs news5 months ago5 months ago04 mins

In a bold statement ahead of Taiwan’s national day, Lai Ching-te has firmly asserted that it is “absolutely impossible” for Communist China to claim Taiwan as its motherland. This declaration emphasizes Taiwan’s historical government, which predates the People’s Republic of China. The comments have sparked criticism from Taiwan’s opposition party, the Kuomintang, accusing Lai of…

Kim Jong Un And Xi Jinping Vow To ‘Write A New Chapter’ In China-North Korea Cooperation: ‘Develop The Friendly And Cooperative Relations…As Required’

Cs news5 months ago5 months ago04 mins

The leaders of China and North Korea have pledged to enhance their bilateral cooperation on the occasion of the 75th anniversary of their diplomatic relations. What Happened: Chinese President Xi Jinping has expressed his commitment to the development of China-DPRK relations in a message to North Korean leader Kim Jong Un. Xi highlighted the significance…

China Stocks Are Cooling Off Thursday: What’s Going On? – Alibaba Gr Hldgs (NYSE:BABA), Baidu (NASDAQ:BIDU)

Cs news5 months ago05 mins

China stocks are taking a breather on Thursday after staging an impressive rally in recent weeks on the back of mounting stimulus optimism. Here’s a look at what’s going on. What To Know: Chinese indices ended their 13-day win steak on Thursday as markets tilted to risk-off amid rising concerns over ongoing Middle East tensions,…

China’s Ex-Finance Deputy Urges Xi Jinping Government To Study Cryptocurrencies In Light Of ‘Latest International Changes And Policy Adjustments

Cs news5 months ago5 months ago03 mins

In an intriguing development, Zhu Guangyao, China’s former Vice Minister of Finance, has called on the Xi Jinping administration to delve deeper into the study of cryptocurrencies, emphasizing the significance of the industry in the digital economy and its growing mentions in global discussions. What Happened: Guangyao made these remarks at the 2024 Tsinghua Wudaokou…

Latest Inflation Data Cements Fed’s Interest Rate Call, S&P 500 Hits All-Time High, Biden Adviser Backs China EV Ban At Detroit Economic Club: This Week In The Markets – Alibaba Gr Hldgs (NYSE:BABA), Meta Platforms (NASDAQ:META)

Cs news5 months ago5 months ago05 mins

The Federal Reserve’s preferred measure of inflation, the personal consumption expenditures index, grew less than economists expected in August at 2.2% year-over-year. The data comes on the heels of the Federal Reserve’s 0.5% interest rate cut issued Sept. 18, the first in more than four years. The inflation data supports another 0.5% interest rate cut…

Elon Musk’s Not-So-Long-Ago Prediction Of A 1929 Market Crash Falls Flat As S&P 500 Soars 50%, Defying Tesla CEO’s Gloomy Outlook

Cs news5 months ago5 months ago04 mins

The S&P 500 has surged nearly 50% since Tesla Inc and SpaceX CEO Elon Musk drew parallels between the current market conditions and the infamous 1929 stock market crash. What Happened: This remarkable rally, was highlighted by CNBC’s Carl Quintanilla. On Mar. 15, 2023, amid a flurry of bank failures that sent shockwaves through the…