Following a significant drop in Nvidia’s stock price, Asian semiconductor stocks experienced a decline during morning trading. The U.S.-based chipmaker, Nvidia, saw a sharp decrease of over 9% in regular trading, which subsequently influenced the semiconductor sector in Asia. This downward trend was part of a broader sell-off on Wall Street, triggered by concerns regarding
Global Finance
China’s urban landscape is experiencing significant fluctuations due to a combination of property struggles and U.S. sanctions. The Milken Institute’s recent report highlights the contrasting fortunes of various Chinese cities, with some thriving on Beijing’s tech advancements while others face challenges in the real estate sector. The latest edition of the index assesses large- and
China’s first venture into creating a top-tier video game has taken the world by storm, setting new records and showcasing the nation’s potential in the global gaming landscape. Black Myth: Wukong, an action-packed game set in mythological China, made an impressive debut by selling over 10 million units within just three days of its release
Chinese President Xi Jinping recently expressed his desire for Washington to find “a right way” to foster positive relations with Beijing. Despite escalating tensions between the two countries over various issues, including trade, finance, and technology, Xi emphasized China’s commitment to a stable and healthy relationship with the United States. During a meeting with U.S.
Warren Buffett, one of the most successful investors of all time, celebrated his 94th birthday with Berkshire Hathaway reaching a $1 trillion market capitalization for the first time. Howard Marks, a close friend of Buffett’s, attributes his unparalleled success to a combination of well-thought-out strategy, discipline, consistency, and unusual insight. Marks emphasizes that without the
The recent announcement that U.S. President Joe Biden and Chinese President Xi Jinping are scheduled to have a phone call in the “coming weeks” signifies a potential shift in U.S.-China relations. This dialogue comes at a crucial time, as tensions between the two nations have been heightened in recent years. The White House’s decision to
Xpeng has recently launched its new mass-market Mona brand, offering electric cars at prices as low as $16,812. This move positions the Chinese automaker as a strong competitor in the market, especially with prices significantly lower than Tesla’s Model 3. The company announced that orders for the Mona M03 electric coupe surpassed 10,000 within just
The partnership between Xpeng, a Chinese startup, and Volkswagen, a German auto giant, has been making waves in the electric car industry. Hundreds of Volkswagen staff are currently spending time at Xpeng’s offices in order to work together on developing electric cars specifically for the Chinese market. This joint effort, which was announced in July
In recent years, the federal government has been increasing its enforcement of revoking passports for individuals who have “seriously delinquent tax debt.” This debt threshold is set at over $62,000 and includes federal tax liabilities, penalties, and interest. The consequences of having a seriously delinquent tax debt can be significant, as travelers may not be
The upcoming Federal Reserve’s interest rate decision in September has caught the attention of many investors, leading to a shift towards dividend stocks. Paul Baiocchi from SS&C ALPS Advisors believes that this is a wise move considering the anticipated rate cuts by the Fed. According to Baiocchi, investors are moving away from money markets and
Remote work has become a prevalent trend in the U.S. labor market, establishing itself as a significant shift that has been developing over the past couple of decades. Nick Bunker, the economic research director for North America at Indeed, describes it as a major transformation that is here to stay for a long time. This
Philadelphia Federal Reserve President Patrick Harker recently expressed a strong endorsement for an interest rate cut to be implemented in September. Speaking from the Fed’s annual retreat in Jackson Hole, Wyoming, Harker stated that monetary policy easing is almost certain in the upcoming meeting. This direct statement marks a significant shift in the Fed’s stance,