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Shares of Walt Disney rose modestly on Wednesday in pre-market trading as analysts turned more constructive on the media and entertainment giant, arguing that its current valuation presents an attractive entry point despite ongoing macroeconomic and operational challenges. Raymond James upgraded Disney to outperform from market perform, assigning a price target of $115, after conducting… Continue reading Why Raymond James sees Disney stock as undervalued

Escalating tensions in the Middle East are starting to reshape the global technology landscape. Drone and missile strikes on critical infrastructure are disrupting cloud services and casting uncertainty over billions of dollars in planned artificial intelligence investments across the Gulf. Recent attacks on data centres in the United Arab Emirates and Bahrain have knocked some… Continue reading Iran tensions expose fragility of Gulf’s Big Tech infrastructure bet

Novo Nordisk stock surged on Wednesday after a major policy win, which is seen as a turning point for the drugmaker. England’s cost-effectiveness watchdog has backed broader use of Wegovy to cut the risk of heart attacks and strokes in overweight or obese adults. This could eventually open access to about 1.2 million people through… Continue reading Novo Nordisk stock surges 4%: can NHS boost offset pricing pressure?

BYD remained under pressure as vehicle sales fell for the seventh consecutive month, reflecting intensifying competition in China’s electric vehicle market. Sales dropped 20.5% year-on-year to 300,222 units last month, according to Reuters calculations based on company disclosures and a Weibo post by executive Li Yunfei. The decline was less severe than February’s 41.1% drop… Continue reading BYD’s sales fall for seventh month, down 20.5% in March

US stock futures edged higher on Wednesday, a day after markets recorded their biggest one-day gain in nearly a year, as reports suggested the war with Iran could be nearing an end. Global shares rose, oil prices declined and the dollar rebounded as signs emerged of a potential easing of hostilities in the Middle East… Continue reading Dow futures surge 200 points: 5 things to know before market opens

Chinese companies are offloading record quantities of liquefied natural gas onto the spot market as domestic demand weakens and supply disruptions push Asian prices sharply higher. At least eight to 10 cargoes are set to be reloaded in March, bringing year-to-date resales to 1.31 million tonnes across 19 cargoes, according to trade sources and analytics… Continue reading China offloads record LNG as Hormuz disruption lifts Asian prices

Aether Holdings, Inc. (Nasdaq: ATHR), a financial technology holding company focused on data-driven platforms and media assets for investors, announced the formation of Aether DataHub, LLC, a joint venture with OORTech Inc. (OORT), a decentralised AI data cloud company. OORT provides a distributed, community-driven platform for large-scale data collection, labelling, and validation. The move comes… Continue reading Aether, OORT partner to build core data infrastructure for financial AI

Interest in electric vehicles is climbing across Asia-Pacific as fuel prices surge and supplies tighten following disruption in the Strait of Hormuz, through which crude oil bound for Asia typically accounts for up to 80% of shipments. Shipments of oil and liquefied gas through the waterway have nearly halted since the US-Israeli war on Iran,… Continue reading Fuel price shock drives electric vehicle rush across Asia-Pacific