Michael Chen

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.

Leo Gonzalez

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.

Benjamin Hughes

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.

Leo Gonzalez

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.

Benjamin Hughes

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.

Michael Chen

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.

Benjamin Hughes

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 to affluent clients.

Benjamin Hughes

HSBC, Barclays, and Standard Chartered target U.S. banking expansion as U.S. commercial banking booms amid rising trade and M&A opportunities. Discover their strategies as the election approaches.

Leo Gonzalez

AI challenges are impacting Intel and Samsung’s stock performance. Although both companies saw brief rallies following earnings, ongoing struggles in the AI market suggest long-term difficulties ahead.

Benjamin Hughes

In October, US job growth faces challenges from hurricanes and labor strikes, impacting key sectors as Americans prepare to vote. Experts assess the labor market and job outlook.

Benjamin Hughes

Legal challenges are increasingly hindering SEC rulemaking, reshaping oversight capabilities in a critical election year as the agency grapples with court limitations.

Leo Gonzalez

Typhoon Kong-Rey made landfall in Taiwan, bringing dangerous winds and severe weather conditions. As the storm tracks toward mainland China, it has led to significant disruptions, including stock market suspensions, flight cancellations, and power outages. With forecasts predicting heavy rainfall in Shanghai, Typhoon Kong-Rey poses risks of flooding and landslides, highlighting the increasing intensity of severe weather events in the region.

Michael Chen

Stocks fell amid economic uncertainty as traders braced for volatility ahead of key economic reports and the upcoming US election.

Michael Chen

Toyota’s worldwide output drops for the eighth consecutive month, driven by declining sales and production issues in the U.S. and China. This article explores the factors behind Toyota’s performance and the challenges ahead.

Michael Chen

Japan's Nikkei 225 surges over 1% following Nasdaq record highs driven by Big Tech gains, with mixed performance across Asian markets.

Benjamin Hughes

US Futures waver as the earnings season heats up and the upcoming election approaches. Investors react to early reports, while key economic data influences market sentiment.

Michael Chen

McDonald's stock falls as third-quarter earnings reveal a decline in same-store sales. Despite revenue growth, net income decreased, raising concerns for investors.

Leo Gonzalez

Apple’s iPhone exports from India reach $6 billion, marking a significant shift from China as the tech giant expands its manufacturing and retail presence in India.

Leo Gonzalez

European airlines, including Lufthansa and Air France-KLM, grapple with plane delivery delays and increasing operational costs in Q3, affecting profitability and operational efficiency. Discover the current state of the aviation sector and its implications for the future.

Benjamin Hughes

Hong Kong introduces its first AI in finance policy and proposes tax breaks for virtual assets, aiming to enhance its position as a leading business hub in Asia.