News

Nvidia supplier SK Hynix reverses losses in first quarter on explosive AI demand

This comes after SK Hynix posted net losses for five consecutive quarters from a slump in the memory chip market.

JPMorgan Chase is caught in U.S-Russia sanctions war after overseas court orders $440 million seized from bank

The escalation shows how American banks are struggling to navigate American sanctions rules more than two years after Russia's invasion of Ukraine.

Klarna scores major payment deal with Uber ahead of hotly anticipated IPO 

The global deal will see Klarna added as a payment option on the Uber and Uber Eats apps in the U.S., Germany, and Sweden. 

U.S. prosecutors seek 36-month sentence for ex-Binance CEO Changpeng Zhao

U.S. prosecutors on Tuesday recommended an above-guidance, 36-month sentence for former Binance CEO Changpeng Zhao.

China may have to brace for a new wave of bond defaults, S&P says

China might see a new wave of bond defaults as soon as next year — the third round in about a decade, according to an S&P Global Ratings report released Tuesday.

China's Xiaomi is selling more EVs than expected, raising hopes it can break even sooner

Chinese smartphone company Xiaomi aims to sell at least 10,000 pure electric cars a month, for more than 100,000 deliveries this year, said CEO Lei Jun.

Philippines orders removal of Binance from Google and Apple app stores

The Philippines' Securities and Exchange Commission sent letters to Google and Apple requesting the removal of Binance apps from their respective app stores.

Walmart-backed fintech One introduces buy now, pay later as it prepares bigger push into lending

One's expanding role at Walmart raises the possibility that the company could force Affirm and others out of some of the most coveted partnerships in retail.

Consumers may soon get access to a share of $8.8 billion in Inflation Reduction Act home energy rebates

Home Energy Rebates funding should start flowing to many consumers within months after the Department of Energy approved the first state application.

Here's where the world's top 0.001% are putting their money, according to wealth experts

There are about 28,420 centimillionaires globally, largely concentrated in New York City, the Bay Area, Los Angeles, London and Beijing.

'Big change' in global growth is bullish for commodities including copper, says VanEck CEO

VanEck CEO Jan van Eck thinks the commodities' rally has more room to run.

If you’re investing in the AI theme for the long haul, here’s how to pick the winners

The excitement behind artificial intelligence is far from over. How to make smart decisions when investing behind the trend.
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