Billionaire Elon Musk’s electric vehicle (EV) company, Tesla Inc., signed a $16.5 billion chip supply deal with the South Korean electronics maker Samsung Electronics on Monday, 28 July 2025. The EV major aims to focus on the next-generation AI6 chip, according to the executive’s post on the social media platform X. The chip supply partnership…
Hong Kong’s stock market stamp duty income is filling the city’s financial coffers at the fastest pace since 2021, amid a bull run on the local bourse that has attracted scores of initial public offerings (IPOs) and fuelled frenzied trading. Duties from transactions and transfers rose to HK$29.69 billion (US$3.78 billion) in the first five…
Indian equity indices are expected to open on a positive note following mixed global cues. The Asian indices were mixed in morning trade. The GIFT Nifty was trading 0.15% higher at 25,532. Here are key global cues to watch before the market opens that include crude oil prices, FII and DII data, business groups that…
US stocks plunged on Thursday, reversing a portion of their historic gains from Wednesday, as concerns over global trade war continue to rattle Wall Street.The S&P 500 index was down 3 per cent in early trading, following Wednesday’s dramatic 9.5 per cent rally, its third-best performance since 1940. The Dow Jones Industrial Average followed a…
A graduate of the renowned Harvard University with a doctorate in Law, Jim Cramer, the founder of TheStreet and CNBC host of the show “Mad Money”, warned global market investors about a potential bloodbath likely to happen after the stock markets reopen on Monday, April 7, reported multiple media outlets. Also Read | Can Indian…
Last Updated:March 12, 2025, 08:30 IST Trump’s tariffs, including reciprocal tariffs worldwide and a more intense trade war with Mexico, Canada, and China, are a pivotal factor for rekindling fears of a recession It is expected that higher tariffs and a trade war would lead to higher inflation in the US. (AP Photo) The Wall…
(Bloomberg) — From ditching US stocks for Chinese peers to buying the yen and the euro, traders are running for cover as they ponder how a US markets meltdown may convulse the world. Most Read from Bloomberg What had been a steady drumbeat of US stock selling turned into a stampede on Monday as recession…
US President Donald Trump said that his administration will not look at the stock market reaction before dishing out details of their trade policy. “I am not even looking at the market, because long-term, the United States will be very strong with what is happening here,” Trump said in response to a reporter’s question as…
We have put together stories from our coverage of Chinese AI start-up DeepSeek to help you stay informed. If you would like to see more of our reporting, please consider subscribing. 1. Will rise of Chinese AI firm DeepSeek tilt the balance in US-China tech war? A DeepSeek app is shown on a a mobile…
The Indian markets are shut on account of Assembly Elections in Maharashtra but globally its a positive day of trade. Asian markets have opened higher and US too closed in the green after a volatile session on Tuesday. Investors are looking forward to appointments by US President-elect Donald Trump Meanwhile, oil prices saw a modest…