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Xiaomi Stock Rises as Morgan Stanley Raises Price Target on EV and AIoT Growth

Feb 04, 2025 06:51 am UTC| Technology Business

Morgan Stanley (NYSE:MS) has boosted its price target for Xiaomi (OTC:XIACF) Corp (HK:1810) to HK$45 from HK$35, maintaining an Overweight rating, citing strong growth in electric vehicles (EVs) and AIoT. Analysts...

New U.S. Tariffs Hit Chinese Packages: What Shippers Need to Know

Feb 04, 2025 04:48 am UTC| Business Economy

The U.S. Customs and Border Protection (CBP) announced that all mailed packages from China will require formal customs entry starting Tuesday under new tariffs. According to a notice posted in the Federal Register on...

Ether Surges 13% After Trump Delays Trade Tariffs

Feb 04, 2025 04:46 am UTC| Digital Currency Business

Ether rebounded sharply on Tuesday, jumping 13% to $2,845.42 after U.S. President Donald Trump postponed trade tariffs on Canada and Mexico. The second-largest cryptocurrency recovered most of its 8% loss from the prior...

OpenAI and Kakao Forge AI Partnership for Korean Market

Feb 04, 2025 04:46 am UTC| Technology Business

OpenAI and Kakao have announced a strategic partnership to develop AI solutions tailored for South Korea. OpenAI CEO Sam Altman and Kakao CEO Chung Shina revealed the collaboration during a press conference in Seoul,...

Ontario Halts Starlink Contract Cancellation as U.S. Delays Tariffs on Canada

Feb 04, 2025 01:34 am UTC| Business Politics

Ontario has halted planned retaliatory measures against the U.S. after President Donald Trump postponed tariffs on Canadian imports by 30 days. Premier Doug Ford had initially threatened to ban U.S. companies from...

Alcohol Industry Faces Uncertainty Amid U.S. Tariff War

Feb 04, 2025 01:33 am UTC| Business

Global alcohol giants like Diageo (LON:DGE) and Brown-Forman (NYSE:BF.B) face significant challenges as the U.S. imposes 25% tariffs on Canadian and Mexican imports. President Donald Trump postponed the decision for a...

Palantir Warns Against Using Chinese AI Model DeepSeek, Forecasts Strong Growth

Feb 04, 2025 01:21 am UTC| Technology Business

Palantir (NASDAQ:PLTR) has urged clients to avoid Chinese AI startup DeepSeek, citing security concerns. Chief Revenue Officer Ryan Taylor stated that U.S. government agencies are unlikely to use DeepSeeks models. The...

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Economy

Russia Stocks End Flat as Energy Shares Support MOEX Index

Russian stocks finished mixed after the close of trading in Moscow on Saturday, with the MOEX Russia Index ending the session unchanged at 0.00%. Market sentiment remained cautious as gains in select energy and utility...

Trump Defends Economic Record in North Carolina as Midterm Election Pressure Mounts

U.S. President Donald Trump traveled to the battleground state of North Carolina on Friday to defend his economic policies and reassure voters that the U.S. economy remains on solid footing, as concerns grow ahead of a...

EU Approves €90 Billion Ukraine Aid as Frozen Russian Asset Plan Stalls

Ukraine welcomed a major European Union decision on Friday to provide 90 billion in financial support over the next two years, a move Kyiv says will significantly strengthen its economic resilience amid the ongoing war...

Kevin Hassett Says Inflation Is Below Target, Backs Trump’s Call for Rate Cuts

White House economic advisor Kevin Hassett said President Donald Trump is correct in claiming inflation is low, despite official data, public sentiment, and many economists suggesting otherwise. Speaking on Fox Business,...

U.S. Stocks End Week Higher as Tech Rally Offsets Consumer Weakness

U.S. stocks closed higher on Friday, recovering from a volatile start to the week as gains in technology and AI-related shares outweighed sharp declines in consumer stocks such as Nike. Major indexes finished in positive...

Politics

Australia Mourns Bondi Beach Hanukkah Attack Victims as Government Orders Security Review

Australia marked a national day of reflection on Sunday to honour the victims of a deadly gun attack that struck a Hanukkah celebration at Sydneys Bondi Beach a week earlier, killing 15 people and injuring dozens more. The...

Venezuela Condemns U.S. Seizure of Oil Tanker as “International Piracy”

The Venezuelan government has strongly condemned the seizure of a new oil tanker near its coast, accusing the United States of committing what it described as a serious act of international piracy. In an official statement...

Bangladesh Mourns Slain Youth Leader as Funeral Draws Thousands Amid Political Unrest

Tens of thousands of Bangladeshis gathered in Dhaka on Saturday to attend the funeral of Sharif Osman Hadi, a slain youth leader and election candidate whose killing has intensified political unrest ahead of the countrys...

U.S. Intercepts Venezuelan Oil Tanker in International Waters Amid Escalating Blockade Tensions

The United States has intercepted an oil tanker in international waters near Venezuela, intensifying tensions just days after President Donald Trump announced a total and complete blockade of sanctioned oil shipments...

Google and Apple Warn U.S. Visa Holders to Avoid International Travel Amid Lengthy Embassy Delays

Alphabets Google and Apple have advised certain employees working in the United States on temporary visas to avoid international travel, as visa stamping delays at U.S. embassies and consulates can now stretch up to 12...

Science

Jared Isaacman Confirmed as NASA Administrator, Becomes 15th Leader of U.S. Space Agency

The U.S. Senate has officially confirmed billionaire private astronaut Jared Isaacman as the new NASA administrator, making him the 15th leader in the agencys history. The confirmation, which took place on Wednesday, marks...

Senate Sets December 8 Vote on Trump’s NASA Nominee Jared Isaacman

The U.S. Senate Commerce Committee announced it will vote on December 8 on President Donald Trumps renewed nomination of private astronaut and tech entrepreneur Jared Isaacman to lead NASA. Isaacman, known for his...

NASA Cuts Boeing Starliner Missions as SpaceX Pulls Ahead

NASA has significantly scaled back Boeings Starliner program after years of technical issues and delays, announcing that the next Starliner mission to the International Space Station (ISS) will fly without astronauts. The...

Blue Origin’s New Glenn Achieves Breakthrough Success With First NASA Mission

Blue Origins massive New Glenn rocket marked a major milestone as it completed its first mission for paying customers, sending two NASA satellites toward Mars and successfully landing its reusable booster at sea. The...

Cogent Biosciences Soars 120% on Breakthrough Phase 3 Results for Bezuclastinib in GIST Treatment

Cogent Biosciences (NASDAQ: COGT) shares skyrocketed over 120% after the biotech company announced groundbreaking results from its Phase 3 PEAK trial evaluating bezuclastinib in combination with sunitinib for patients with...

Technology

U.S. Lawmakers Urge Pentagon to Blacklist More Chinese Tech Firms Over Military Ties

A group of nine Republican U.S. lawmakers has formally urged the Pentagon to expand its list of Chinese companies accused of supporting Chinas military, intensifying scrutiny of Beijing-linked technology firms amid rising...

Dina Powell McCormick Resigns From Meta Board After Eight Months, May Take Advisory Role

Dina Powell McCormick has resigned from Meta Platforms board of directors effective immediately, just eight months after joining the social media company, Meta confirmed on Friday. The unexpected departure comes at a time...

TikTok U.S. Deal Advances as ByteDance Signs Binding Joint Venture Agreement

TikTok has taken a major step toward securing its future in the United States after its Chinese parent company, ByteDance, announced it has signed binding agreements with three major investors to form a new joint venture...

Trump Administration Reviews Nvidia H200 Chip Sales to China, Marking Major Shift in U.S. AI Export Policy

The U.S. government under President Donald Trump has launched a formal review that could pave the way for the first-ever shipments of Nvidias H200 artificial intelligence chips to China, according to multiple sources...

Oracle Stock Surges After Hours on TikTok Deal Optimism and OpenAI Fundraising Buzz

Oracle Corporation (NYSE: ORCL) shares surged sharply in extended trading on Thursday, reflecting renewed investor optimism fueled by reports of a potential U.S. TikTok transaction and fresh fundraising discussions...