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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

Shares of Nike fell sharply in after-hours trading after the company warned of a decline in current-quarter revenue, underscoring persistent challenges in its key China market and an uneven turnaround trajectory. The sneaker maker said it expects revenue to fall between 2% and 4% in the ongoing quarter, driven largely by a projected 20% drop… Continue reading Nike shares sink as weak outlook and China slump hit recovery

Shares of Zhipu AI surged on Wednesday after the company reported robust revenue growth in its first earnings release since going public, underscoring investor enthusiasm for China’s fast-evolving artificial intelligence sector despite ongoing losses. The Beijing-based firm, formally known as Knowledge Atlas Technology, rose as much as 35% in early trading before trimming gains to… Continue reading Zhipu shares jump 30% after debut earnings fuel China AI buzz

Microsoft still looks like one of corporate America’s strongest growth machines, but its stock no longer trades on strength alone. As the artificial intelligence space continues to push valuations and associated risk, Microsoft stock has become a test case for investors who are willing to wait for AI spending to turn into durable profits. The… Continue reading Is Microsoft stock finally cheap enough to buy or still risky to touch?

Tesla stock (NASDAQ: TSLA) remained in focus as new car registrations in France more than tripled in March, rising to 9,569 vehicles, a 203.10% year-on-year increase and just below the all-time high of 9,572 set in December 2023, according to data from French auto body PFA. France is the first European market to publish monthly… Continue reading Tesla stock in focus as strong France data signals Europe rebound

Even as SpaceX moves closer to what could be a record-breaking IPO expected as early as 2026, a smaller Chinese competitor is already racing ahead to tap public markets. The development highlights how global space firms are lining up for investor capital. CAS Space Technology plans to raise around 4.18 billion yuan ($607 million) in… Continue reading SpaceX has a Chinese rival and it is beating it to the stock market

IndiGo stock rose more than 5% on Wednesday after the Indian low-cost carrier appointed aviation veteran Willie Walsh as its new chief executive. The development provided investors with an early sign of confidence in the airline’s abrupt leadership transition. The appointment comes less than a month after Pieter Elbers stepped down, ending a relatively short… Continue reading IndiGo stock jumps 5% after Willie Walsh named new CEO

Oracle has reportedly begun laying off employees across parts of its global workforce. The layoffs come as a new phase in the company’s restructuring as it pours money into artificial intelligence infrastructure and data-center expansion. As per the reports, the layoffs have already affected thousands of employees, though Oracle has not publicly confirmed a total… Continue reading Oracle layoffs hit thousands, but stock jumps 6%: here’s why