By Philip Blenkinsop BRUSSELS (Reuters) – The European Union requires significantly more coordinated industrial policies, swifter decision-making processes, and substantial investments to stay economically competitive with the United […]
Market expert says the Kamala Harris-backed unrealized capital gains tax would be an ‘unmitigated disaster’
Vice President and Democratic presidential candidate Kamala Harris has expressed her support for the Biden administration’s proposed tax increases. A particularly contentious proposal aims to implement a 25% […]
Hedge funds flock to Japan as market heats up
HONG KONG (Reuters) – Amidst a generally subdued $400 billion hedge fund sector in Asia, Japan has distinguished itself by attracting new fund launches while other regions experience […]
Morgan Stanley cuts oil forecast again as concerns deepen
Morgan Stanley has again revised its Brent crude price forecasts downward, citing mounting demand challenges and abundant supply. According to a note from analysts led by Martijn Rats, […]
Spanish Inflation at One-Year Low With ECB Set to Cut Rates
(Bloomberg) — Inflation in Spain has dropped to its lowest level in a year, a trend that is expected to be reflected throughout the euro zone. This development […]
IBM lay-offs at China R&D teams send shock waves across local tech community
Chinese employees at IBM, the prominent US computing giant once seen as a nurturing ground for mainland engineers, have expressed dismay following a brief conference call with the […]
US senator presses Intel CEO on chips award after job cut plan
By David Shepardson WASHINGTON (Reuters) – On Wednesday, Republican Senator Rick Scott requested further clarification from Intel CEO Pat Gelsinger regarding the company’s decision to cut over 15,000 […]
Nvidia’s forecast dampens AI enthusiasm in other tech stocks
If Nvidia’s late-day dip on Wednesday continues into Thursday, it would fall significantly short of the 11% price swing anticipated by the options market, as per data from […]