BYD’s sales fall for seventh month, down 20.5% in March

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

Dow futures surge 200 points: 5 things to know before market opens

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

China offloads record LNG as Hormuz disruption lifts Asian prices

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, OORT partner to build core data infrastructure for financial AI

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

Fuel price shock drives electric vehicle rush across Asia-Pacific

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

Nike shares sink as weak outlook and China slump hit recovery

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

Zhipu shares jump 30% after debut earnings fuel China AI buzz

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

Is Microsoft stock finally cheap enough to buy or still risky to touch?

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 in focus as strong France data signals Europe rebound

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