The Asia-Pacific markets experienced a positive trend on Monday, with Japan’s Nikkei 225 leading the gains in the region. This was largely attributed to a key U.S. inflation report that was released late last Friday. The report showed that the U.S. June personal consumption expenditures price index rose 0.1% month-on-month and 2.5% year-on-year, in line
World
The United States is set to announce a significant overhaul of its military command structure in Japan during high-level security talks with its Asian ally. The revamp is part of a strategy to deepen defense ties between the two countries and improve coordination on regional threats emanating from China and North Korea. At the heart
Bank of America has identified Apple as a top pick among technology stocks, emphasizing its upcoming quarterly results. Analyst Wamsi Mohan recently increased the price target on Apple to $256, highlighting the company’s strong performance and brand loyalty. With an expected multi-year iPhone cycle, coupled with the integration of AI features, Apple is poised for
Apple, once a dominant player in the Chinese smartphone market, has been edged out of the top five vendors list in the second quarter. According to a Canalys report, Apple’s market share in China shrank to 14% from 15% in the first quarter and 16% in the same period a year ago. This marks a
The Nikkei 225 in Japan experienced a substantial 3% decline, signaling a continuation of its six-day losing streak. This led to significant losses among Asian indexes as a whole, following a sharp downturn in the Wall Street market. SoftBank Group, a major player in the Nikkei index, saw a dramatic 9% drop, while Renesas Electronics
The Crown Estate, a key source of funding for the British monarchy, saw profits soar by 148% in the 2023-24 fiscal year, reaching an impressive £1.1 billion. This substantial increase in profits has paved the way for a significant rise in the taxpayer-funded Sovereign Grant, which supports the official duties of King Charles III and
Wiz, a cloud security startup, recently made headlines by turning down a staggering $23 billion acquisition offer from Google. This decision surprised many, as it would have been the largest-ever deal for the tech giant. Instead of accepting Google’s offer, Wiz announced that it would focus on pursuing its original plan of going public through
Asia-Pacific markets experienced a significant downturn on Monday following news that U.S. President Joe Biden had withdrawn from the presidential race and endorsed Vice President Kamala Harris as the Democratic nominee. The situation was further aggravated by China’s central bank unexpectedly cutting rates, significantly impacting market sentiment. The short term 7-day reverse repurchase rate was
In recent years, Berkshire Hathaway has been actively engaged in buyback programs, with Warren Buffett leading the charge. The company has repurchased a significant amount of shares, totaling nearly $75 billion in the last five and a half years. These buybacks have aimed to reward long-term shareholders and maximize shareholder value over time. Warren Buffett
As the world is still grappling with the aftermath of the massive business and travel disruptions caused by a faulty software update from cybersecurity firm CrowdStrike, malicious actors are taking advantage of the situation. There has been a surge in phishing schemes where these malicious actors are posing as CrowdStrike employees or other tech specialists