Dollar Surge Forces Asian Authorities to Defend Struggling Currencies
The recent dollar surge has led Asian authorities to take swift action to defend their currencies as market volatility increases, particularly in light of election-related uncertainties in the United States. These fluctuations have placed additional pressure on regional currencies, prompting a response from central banks across the continent. Dollar Surge Triggers Currency Defense Across Asia […]
Trump Expands Lead as Harris Struggles to Secure Blue Wall Support
Trump expands his lead as Harris struggles to secure support in Blue Wall states. With ongoing vote counts, Harris faces challenges in battlegrounds critical to the 2024 election outcome. Trump Expands Lead in Critical Battleground States Republican nominee Donald Trump has gained momentum in the race for the presidency, taking a lead over Democrat Kamala […]
Tesla Ditches Affordable $25,000 EV Plans as Profits Decline
Elon Musk has dismissed the idea of a $25,000 Tesla for human drivers, calling it “pointless.” Tesla now plans a fully autonomous $25,000 “Cybercab” expected in 2026, marking a strategic shift toward self-driving technology. In a surprising turn of events, Tesla has abandoned its long-anticipated plans for a $25,000 electric vehicle aimed at human drivers. […]
Surging Oil Hedging Activity Hits Record High in October Amid Mounting Market Risks
Oil hedging hit record levels in October as traders sought to reduce risk amid the Middle East conflict and an expected oversupply in 2025, driving volatility in crude oil prices. HOUSTON (Reuters) – Oil hedging activity reached unprecedented levels in October, as investors sought to protect their portfolios from potential losses amidst escalating geopolitical tensions […]
Toyota’s Profit Drop Signals Significant Slowdown as Demand Cools After Big Run
Toyota’s profit drop marks its first decline in two years, reflecting cooling demand and shifting consumer preferences. The automaker expects a 14% decline in operating profit amid intense market competition. TOKYO (Reuters) – Toyota’s profit drop is expected when the automaker reports its second-quarter earnings on Wednesday, signaling a significant cooling demand after a run […]
Southeast Asia’s Digital Economy Faces Stunning Slowdown as Consumer Spending Plummets
Southeast Asia’s digital economy faces record-low growth as consumer spending cuts and rising competition impact tech-driven markets in the region. Southeast Asia’s digital economy, which has seen significant growth in the past decade, is now experiencing a historic slowdown. According to research by Google, Temasek Holdings, and Bain & Co., the region’s internet economy is […]
AI Chip Demand Fuels Surge in Nvidia and TSMC Market Value
The AI chip demand drives Nvidia and TSMC’s significant market value increases in October, reflecting the growing integration of artificial intelligence in business operations. Market Value Surge Driven by AI Chip Demand (Reuters) – Nvidia (NVDA) led a surge in market value among global firms in October, buoyed by unrelenting AI chip demand as more […]
Marriott Profit Forecast Lowered for 2024 Amid Weak U.S., China Tourism Demand
Marriott lowers its 2024 profit forecast due to weak U.S. and China tourism demand, impacting revenue projections. Read more on Marriott profit forecast and financial outlook. Marriott International (MAR) recently announced a lowered 2024 profit forecast, citing weakened domestic travel demand in both the U.S. and China. This revised Marriott profit forecast has led to […]
Wealth Management Expansion as Blackstone Targets New European Markets
LONDON (Reuters) – Blackstone’s private wealth management business plans to enter at least two new European markets next year to tap into the growing demand among wealthy individuals, two executives at the company told Reuters. The firm has identified the need to broaden its reach as it seeks to provide comprehensive wealth management services tailored […]
Surging Trump Trade Doubts Rock Dollar, Boost Bond Futures
Trump Trade doubts weigh on the dollar and boost bond futures as US election polling suggests a tight race between Trump and Harris. Trump Trade Doubts Weigh on the Dollar Doubts around the ‘Trump Trade’ are causing notable shifts in the currency and bond markets, with the Bloomberg Dollar Spot Index dropping 0.7% on Monday […]