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JPMorgan Slashes PDD Price Target Amid Margin Pressures and Uncertainty

May 28, 2025 05:24 am UTC| Business

JPMorgan has reaffirmed its Neutral rating on PDD Holdings Inc. (NASDAQ: PDD) while lowering the price target from $125 to $105, citing weakening earnings visibility and significant margin pressure. The firm highlighted...

Nissan Eyes $7B Funding Amid Cash Crunch, Asset Sales and Debt Plan in Focus

May 28, 2025 05:21 am UTC| Business

Nissan Motor Co. (OTC:NSANY, TYO:7201) is preparing a major fundraising initiative exceeding 1 trillion yen (around $7 billion) through a mix of debt issuance and asset sales, according to internal documents cited by...

U.S. to Retain Control in Nippon Steel–U.S. Steel Deal Under National Security Agreement

May 28, 2025 05:20 am UTC| Business Politics Economy

The U.S. government will retain veto power over key decisions in the Nippon SteelU.S. Steel deal through a national security agreement, according to Senator David McCormick of Pennsylvania. The agreement includes a...

Xiaomi Shares Climb After Record Q1 Profit and Premium Product Strategy Boost

May 28, 2025 02:54 am UTC| Business Technology

Shares of Xiaomi (OTC:XIACF) rose 2.3% in Hong Kong trading on Wednesday following the release of its record-breaking first-quarter earnings report. The global tech giant, best known as the worlds third-largest smartphone...

GM Shifts Strategy with $888M V8 Engine Investment at NY Plant

May 28, 2025 01:57 am UTC| Business

General Motors is investing $888 million into its Tonawanda propulsion plant in Buffalo, New York, to ramp up production of its next-generation V8 engines. This marks a major shift from GMs earlier $300 million commitment...

Chevron Gets Narrow U.S. Approval to Retain Venezuela Assets Amid Sanctions

May 28, 2025 01:48 am UTC| Business Politics Governance

The Trump administration has issued a limited authorization allowing Chevron (NYSE:CVX) to retain its stakes in Venezuelan oil joint ventures, despite the expiration of its broader operating license. The decision comes...

U.S. Court Extends Bidding Deadline for Citgo Parent Company Shares

May 28, 2025 01:46 am UTC| Business Law

A U.S. federal judge has extended the deadline for submitting competing bids in the court-ordered auction of shares in PDV Holding, the parent company of Venezuela-owned Citgo Petroleum. The new deadline is now set for at...

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Economy

Russian Stocks End Flat as MOEX Index Hits New 52-Week Low

Russian stocks closed largely unchanged on Sunday, with the MOEX Russia Index ending the session flat at 0.00% while marking a new 52-week low. The lack of movement across major Russian equities reflected a subdued trading...

France Faces Long Road to Economic Rebalancing as Weak Demand and High Rates Weigh, Says Citi

France may remain stuck in a prolonged period of weak domestic demand, low inflation, and fiscal challenges as structural shifts in its labor market make the economy more vulnerable to high interest rates than other...

China’s AI Manufacturing Boom Masks Weak Consumer Economy, Citi Says

Chinas economy continued to show a sharp divide in May, with a booming artificial intelligence (AI)-driven manufacturing sector helping sustain growth while domestic demand remained weak, according to a recent research...

Trump Says No Hormuz Strait Tolls During 60-Day Iran Ceasefire

U.S. President Donald Trump announced Saturday that no tolls will be charged for ships passing through the Strait of Hormuz during the proposed 60-day interim ceasefire period with Iran. Trump also stated that no fees...

Russia Stocks End Flat as MOEX Index Hits New 52-Week Low; Gold Falls and Oil Mixed

Russian stocks closed flat on Saturday, with the MOEX Russia Index ending unchanged at 0.00% and touching a fresh 52-week low during trading. The lack of movement across the market reflected cautious investor sentiment,...

Politics

US-Iran Talks Continue in Switzerland Despite Reports of Breakdown Amid Rising Regional Tensions

Diplomatic negotiations between the United States and Iran remained ongoing in Switzerland on Sunday, despite reports from Iranian media claiming Tehran had suspended participation following fresh military threats from...

Keir Starmer Faces Growing Pressure as Andy Burnham’s Victory Sparks Labour Leadership Debate

British Prime Minister Keir Starmer is reportedly weighing his political future following Andy Burnhams commanding parliamentary election victory, a result that has intensified calls within the Labour Party for a...

Ramiro Valdes, Cuban Revolution Hero and Fidel Castro Ally, Dies at 94

Ramiro Valdes, one of Fidel Castros earliest allies and a prominent figure in the Cuban Revolution, has died at the age of 94, according to Cuban President Miguel Diaz-Canel. The announcement was made on social media on...

Andy Burnham Leadership Speculation May Boost FTSE 100 as Gilt Yields Rise

Andy Burnhams recent victory in the Makerfield by-election has sparked speculation about a potential future challenge to U.K. Prime Minister Keir Starmer, raising questions about the outlook for U.K. government bonds, gilt...

US Military Says Strait of Hormuz Remains Open Despite Iran Closure Claim

The U.S. military has rejected Irans claim that the Strait of Hormuz has been closed, emphasizing that one of the worlds most important oil shipping routes remains fully operational. Speaking to Reuters on Saturday, U.S....

Science

Blue Origin New Glenn Explosion Could Delay Launch Operations Until 2028

Blue Origin is facing a significant setback after a dramatic explosion involving its New Glenn rocket severely damaged a launch pad at Cape Canaveral, Florida. According to NASA Administrator Jared Isaacman, repairs to the...

Blue Origin New Glenn Rocket Explodes During Launch Pad Test, Delaying Space Ambitions

Blue Origin suffered a major setback after its uncrewed New Glenn rocket exploded during a launch pad test in Florida on Thursday, raising new challenges for Jeff Bezos space company as it competes with Elon Musks SpaceX...

SpaceX Delays Starship V3 Launch Ahead of Potential Record IPO

SpaceX on Thursday postponed the highly anticipated launch of its 12th Starship rocket test from Texas after technical issues interrupted the final countdown. The company now plans to attempt the Starship V3 launch again...

Trump Administration Releases New UFO Files and Apollo Mission Records

The U.S. Defense Department has released dozens of previously classified UFO-related files following an order from President Donald Trump, sparking renewed debate over unidentified anomalous phenomena (UAP) and government...

China vs. NASA: The New Moon Race and What's at Stake by 2030

The space race is back and this time, its a direct competition between the United States and China for dominance on the lunar surface. NASAs Artemis II mission recently made history when four astronauts flew farther into...

Technology

Google’s Open-Source AI Data Center Cooling Design Raises Commoditization Concerns

Googles newly introduced open-source liquid-cooling design for AI data centers is drawing attention across the data center infrastructure industry, with analysts suggesting it could accelerate the commoditization of...

John Jumper Leaves Google DeepMind for Anthropic Amid Intensifying AI Talent Race

John Jumper, the Google DeepMind researcher who shared the 2024 Nobel Prize in Chemistry for his groundbreaking work on the AlphaFold artificial intelligence system, has announced that he is leaving Google DeepMind to join...

Trump Says Anthropic No Longer Seen as National Security Threat

U.S. President Donald Trump said he no longer views artificial intelligence company Anthropic as a national security threat, marking a significant shift from his stance just a week earlier. The comments came during an...

Meta Seeks Legal Shield From Child-Harm Lawsuits Amid KOSA Talks

Meta Platforms is reportedly lobbying U.S. lawmakers to include legal protections for social media companies in the proposed Kids Online Safety Act (KOSA), a move that could significantly impact thousands of lawsuits...

SpaceX Stock Slides After IPO Rally as Valuation Concerns Grow

SpaceX (NASDAQ: SPCX) shares extended their pullback on Thursday after a remarkable post-IPO rally, as investors locked in profits and questioned the companys lofty valuation. The stock, which dropped nearly 10% earlier in...