China has established itself as a dominant player in the global supply chain for many critical minerals, including tungsten. This metal, known for its hardness and energy density, plays a crucial role in various industries such as weapons, automobiles, electric car batteries, semiconductors, and industrial cutting machines. Major companies like Taiwan Semiconductor Manufacturing Company and
Finance
Taylor Swift’s popularity has transcended borders, attracting fans from all over the world, particularly Americans, to embark on international travel to attend her concerts. This phenomenon, known as passion tourism, is a growing trend in the travel industry. Travel experts have noticed a significant increase in Americans traveling abroad to see Taylor Swift in concert,
The recent revelation of meme stock trader “Roaring Kitty,” also known as Keith Gill, taking a stake in the pet food e-commerce retailer Chewy led to a surge in the company’s stock price. Gill purchased over 9 million shares of Chewy, representing a 6.6% stake in the company and making him the third-largest shareholder. This
The second half of the year may bring about a bullish move for both value and growth stocks in the market. Todd Rosenbluth, the head of research at VettaFi, believes that value stocks, which have historically lagged behind growth stocks, could see an upswing due to the FTSE Russell’s annual rebalancing event. This shift is
JPMorgan Chase and Morgan Stanley have announced significant increases in both dividend payouts and share repurchases. JPMorgan, the largest U.S. bank by assets, plans to raise its quarterly dividend by 8.7% to $1.25 per share, alongside authorizing a new $30 billion share repurchase program. On the other hand, Morgan Stanley, a key player in wealth
Renowned investor Warren Buffett recently made his largest annual donation ever, gifting $5.3 billion in Berkshire Hathaway shares to five different charities. This generous act showcases Buffett’s commitment to philanthropy and giving back to society. By converting a significant number of his Class A shares to Class B shares, he was able to distribute millions
Apple’s much-anticipated mixed-reality headset has finally hit the shelves in China, but with a retail price that is approximately 18% higher than in the United States. Starting at 29,999 yuan ($4,128) in China, compared to the $3,500 price tag in the U.S., the device has sparked a mix of anticipation and criticism among consumers. One
In a recent exclusive interview with CNBC, George Zhao, the CEO of Chinese smartphone company Honor, emphasized the critical importance of user data protection in the development and deployment of artificial intelligence technologies. It is clear that without robust data security and privacy measures in place, the transformative power of AI becomes essentially worthless. This
Thursday saw a dramatic increase in Chewy shares after a mysterious post on social media platform X by Roaring Kitty, also known as Keith Gill. The post, featuring a cartoon dog that resembled the Chewy logo, caused the stocks to soar by as much as 34%. However, the gains were short-lived as the shares later
In a recent panel at the World Economic Forum’s “Summer Davos” meeting in Dalian, China, Wan Gang, the man behind China’s electric car strategy, expressed his belief that Chinese investment in the European electric vehicles industry could benefit both sides amid ongoing trade tensions. He highlighted the potential for combining investment with commodity trade as