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Sunac China Shares and Bonds Plunge After Liquidation Petition Filed

Shares and bonds of Sunac China fell sharply on Friday following the filing of a liquidation petition against the property developer, raising further concerns...

Next Wave of U.S. Crypto ETFs Set to Launch After Blockbuster 2024 Debut

The beginning of 2024 marked a historic moment for the cryptocurrency industry, as the launch of U.S. spot bitcoin exchange-traded funds (ETFs) was anticipated...

TSMC Sees 58% Surge in December Sales Driven by AI Demand

Taiwan Semiconductor Manufacturing Company (TSMC) (NYSE:TSM) reported a significant 58% increase in sales for December, buoyed by strong demand from the rapidly expanding artificial...

Biden to Block U.S. Steel Sale to Japanese Buyer, Sources Confirm

U.S. President Joe Biden has decided to block Nippon Steel's proposed $14.9-billion acquisition of U.S. Steel, a move that is expected to end the...

Central Banks and Sovereign Funds Increase Crypto Reserves

The rapid rise in the valuation of digital currencies has caught the attention of sovereign investors and central banks, prompting a significant shift in...

Oil Prices Edge Higher on China Stimulus and U.S. Stockpile Decline

Oil prices inched up on Thursday during thin holiday trading, supported by expectations of additional fiscal stimulus in China and a projected decline in...

Asian Stocks Hold Steady Amid Thin Trading; Japan Shares Surge on Record Budget Plans

Asian stock markets showed limited movement on Thursday as trading volumes remained low due to holidays in several major markets. However, Japanese stocks surged...

Japan’s Comedian-Turned-Investor Launches New Fund with Ex-Goldman “Stock Geek”

In a surprising turn of events, a former comedian and a self-proclaimed "stock otaku" have joined forces to launch a new stock fund in...

Aviva to Acquire Direct Line in £3.7 Billion Deal

Aviva (LON: AV) announced on Monday that it has entered into a definitive agreement to acquire Direct Line Insurance Group (LON: DLGD) in a...

Nike Shares Slide as Guidance Flags ‘Severe Issues’; Q2 Results Top Estimates

Nike's stock has been facing turbulence after the company reported fiscal second-quarter earnings that exceeded analysts' expectations, but provided disappointing guidance for the upcoming...

European Stocks Drop Following Hawkish Fed Signals

European stocks experienced a sharp decline on Thursday, heading for their largest percentage drop in five weeks, as investors pulled out of riskier assets,...

Micron Shares Fall After Missed Q2 Forecast

Micron Technology Inc. (NASDAQ: MU) shares took a sharp dive, falling 14% in extended trading on Wednesday after the company issued a second-quarter guidance...

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