World Business News
US Dollar (DXY) Index News: Hovering Near Critical Resistance Level
Fed Minutes and Interest Rate OutlookU.S. Treasury yields were flat as investors assessed the timing of potential rate cuts by the Federal Reserve. The 10-year [more]
Malaysia’s state fund 1MDB sues PetroSaudi executive, seeking $1.83 bln
Malaysia's scandal-hit state fund 1Malaysia Development Berhad (1MDB) has filed a lawsuit against a top PetroSaudi International executive seeking the return of $1.83 billion invested [more]
DFI Retail’s underlying profit for FY24 expected to be between US$180 million and US$220 million
DFI Retail Group : D01 0% said in a bourse filing on Thursday (May 23) that it continues to expect its underlying profit for FY2024 [more]
QCP Capital Predicts 60% Rally With Imminent US Approval of Spot Ethereum ETFs – News Bytes Bitcoin News
QCP Capital has forecasted a 60% increase in the price of ether, projecting it could surge to around $6,000 if the SEC approves the ETFs. [more]
Nvidia’s AI dominance leaves Intel and AMD scrapping to be No. 2
PALO ALTO, California -- Nvidia is on a roll, reporting that revenue more than tripled for the third straight quarter and touting a rosy outlook for [more]
Indian stocks hit record close on RBI dividend, short covering
India’s main equity benchmarks closed at a new all-time high on Thursday (May 23) after the central bank’s bumper dividend to the government and optimism [more]
VeChain’s VeBetterDAO Prepares for Mainnet Launch: A Milestone in Sustainability and Web3 Governance
VeChain’s VeBetterDAO completes its Testnet launch as it welcomed $18,000 B3TR holders and over 4000 active users in 3 months. The mainnet launch is expected [more]
Trade of the Day: Bet on a Cannabis Rally with Village Farms (VFF) Stock
Although cannabis specialist Village Farms seems like it’s trading in a downtrend, VFF stock could be poised for a breakout move. Read More
Chinese venture capital firms bet on South Asia as geopolitics dim US-China ties
Chinese venture capital firms turn focus to South Asia as soured ties hurt business outlook in the West, investors saySome Chinese venture capital firms are [more]
China signals economy is priority as Xi meets business leaders
President Xi Jinping has called for deepened reforms to address the country’s economic problems during a meeting with the bosses of state-owned firms, private entrepreneurs [more]
POLL Global stocks fatigued from bull run, but no correction expected
The global equity bull run is showing signs of fatigue, with most major stock indexes not expected to repeat last year's stellar performance, according to [more]
Ripple Whale Moves 50M XRP After FIT21 Bill Passes
With its perhaps revolutionary clauses, the FIT21 bill may have an effect on the Ripple v. SEC lawsuit. Recent whale activity is concerning, even with [more]
Elusive 2010 Bitcoin Mega Whale Moves 2,000 BTC Worth $138M in Fourth Transfer of 2024 – Bitcoin News
Blockchain data indicates the reappearance of the elusive mega whale from 2010, who expended 2,000 BTC valued at $138 million on May 22, 2024 Read [more]
Nvidia CEO Huang expects AI-generated videos to drive more demand for its chips
FOR chip designer Nvidia, the generative artificial intelligence boom is the gift that keeps on giving. After riding a demand surge sparked by Big Tech’s rush [more]
Ralph Lauren’s Jane Nielsen on what made her a ‘real believer in the power of mentorship’
Good morning. Ralph Lauren has named a new CFO, effective today: Justin Picicci. After joining the company in 2006, he most recently served as enterprise [more]
Lenovo ‘optimistic’ AI across product lineup will energize earnings
HONG KONG -- Lenovo Group, the world's largest maker of personal computers by volume, is counting on demand for artificial intelligence powering an earnings recovery, [more]
Ralph Lauren’s long-time CFO on preparing her successor—and what’s next after her COO tenure
A CFO transition is taking place at the iconic American fashion house Ralph Lauren—and mentoring played a big role.Jane Nielsen, who became CFO in 2016 [more]
3 Blue Chip Stocks That You Can Buy and Hold for Years @themotleyfool #stocks $WMT $AAPL $LLY $VZIO
You won't be taking on much risk by investing in these stalwarts.There are many stocks that you can invest in for the long haul and [more]
Europe fines Oreo-maker Mondelez $366 million for stopping its products from being sold between countries
The European Commission has imposed a fine of 337.5 million euros ($366 million) on food company Mondelez, the owner of Oreo cookies and other snack [more]
China’s SMIC rises to third spot in global chip foundry sales rankings
China’s SMIC ranks as world’s third-largest chip foundry by sales in first quarter on back of strong domestic demandSemiconductor Manufacturing International Corp (SMIC), mainland China’s [more]
3 Things You Need to Know if You Buy RTX Today @themotleyfool #stocks $RTX
Investors need to monitor events closely with this aerospace and defense company.Shares in aerospace and defense company RTX (RTX -0.85%) have had a good year [more]
Fred Ehrsam Predicts Future Crypto Growth Driven by Demographic Shifts – News Bytes Bitcoin News
In a recent social media post, Fred Ehrsam, co-founder of Coinbase and crypto investment firm Paradigm, predicts that the cryptocurrency market will Read More
Xiaomi beats quarterly sales estimates, as EV goal remains on track
Xiaomi posts better-than-expected quarterly sales on growing smartphone shipments, as EV target remains on trackChinese smartphone and electric vehicle (EV) maker Xiaomi grew its first-quarter [more]
ParknShop imports mainland goods as Hongkongers hunt for bargains in Shenzhen
Li Ka-shing’s ParknShop imports more goods from mainland China as Hongkongers flock to Shenzhen for cheaper goodsThe ParknShop supermarket chain is importing more products from [more]