Goldman Sachs, a major investment bank, has expressed its bullish stance on the technology sector, particularly Asian tech hardware stocks. In a recent note, the bank highlighted various opportunities in the industry, emphasizing key factors such as cyclical recovery, artificial intelligence, and the impact of geopolitical conditions. Goldman Sachs’ analysts, led by Daiki Takayama, believe
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The electric vehicle market has been heating up in recent years, with Tesla and BYD emerging as key players in the industry. Tesla, a long-time investor favorite, has dominated the global electric vehicle market for years. However, data from the fourth quarter of 2023 revealed that BYD has dethroned Tesla as the top EV maker
The U.S. Securities and Exchange Commission (SEC) has recently denied rumors of approving Bitcoin exchange-traded funds (ETFs) after a false announcement on social media. The SEC clarified that its official Twitter account had been compromised, and the tweet regarding the approval of Bitcoin ETFs was unauthorized. Unauthorized Social Media Post On Tuesday, the SEC stated
In a significant blow to Boeing, the Federal Aviation Administration (FAA) has ordered a temporary grounding of dozens of Boeing 737 Max 9 aircraft. This directive comes after a piece of a plane blew out during an Alaska Airlines flight, prompting an investigation by the National Transportation Safety Board. The FAA’s emergency airworthiness directive affects
The recent announcement of a $1.59 trillion deal on top-line spending by congressional leaders has brought a glimmer of hope in the race to avoid a potential shutdown. This deal, which sets an overall spending budget of $1.59 billion for the 2024 fiscal year, allocates $886 billion to military spending and $704 billion for non-defense
The Federal Aviation Administration (FAA) has taken the bold step of ordering airlines to ground more than 170 Boeing 737 Max 9 aircraft for inspections. This move comes in the wake of a recent incident where a panel on one of these aircraft blew out during an Alaska Airlines flight. While no serious injuries were
In the midst of ongoing tensions in the region, Lebanon’s Iranian-backed Hezbollah group launched a series of rocket attacks targeting Israel. This comes in response to the killing of Hamas’ deputy chief, Saleh al-Arouri, by a drone strike in Beirut. Hezbollah claims to have hit a significant Israeli observation post with 62 rockets as a
Raising concerns over Autopilot features and lock issues, state regulators in China have ordered Tesla to recall more than 1.6 million cars. This article critically analyzes the implications of this recall, highlighting the potential risks and the response from Tesla. China’s State Administration for Market Regulation explains that the recall is due to the “misuse”
In the past year, Alibaba has faced a series of setbacks that have raised concerns about its future. The cancelation of its cloud computing unit’s public listing and the decline in its market value have highlighted the struggles the company is facing. Additionally, Alibaba received a record fine for alleged monopolistic behavior and has been
The release of the minutes from the Federal Open Market Committee meeting in December has stirred up uncertainty and volatility in markets. Investors were looking for more clarity on the future path of interest rates, but instead, they found mixed signals and an “unusually elevated degree of uncertainty.” This article will analyze the key points