Nvidia stock looks to have been hit by fears over a potentially stretched valuation. Companies seen as associated with its success also looked to be leveling out with server maker Super Micro Computer recovering.
(Bloomberg) -- Canada’s newest oil pipeline has turbo-charged exports of the country’s heavy crude to Asia and a diversion through California is making for a longer but potentially cheaper journey.Most Read from BloombergSupreme Court Poised to Allow Emergency Abortions in IdahoSpaceX Tender Offer Said to Value Company at Record $210 BillionSupreme Court Ends OxyContin Settlement, Cracking Sackler ShieldChina’s Finance Elite Face $400,000 Pay Cap, Bonus ClawbacksBolivia’s President Arce Swears i
China's potential imposition of anti-dumping measures on European Union pork imports, a disastrous scenario for the bloc, could benefit Brazil's exporters but also affect the country's ability to compete elsewhere, analysts and industry sources said. Chinese companies have asked for an anti-dumping probe into pork imports from the European Union, state-backed Chinese media have reported. The potential for additional demand from China as a consequence of any anti-dumping measures is welcome for Brazilian exporters.
WARSAW (Reuters) -Poland's biggest energy company Orlen warned gas companies in Hungary, Slovakia and Austria that it could seize their payments for imports from Russia's Gazprom, sources familiar with the matter said. The warnings, in letters sent over a month ago, are linked to claims for losses Poland incurred after being cut off from Russian supplies in 2022, two sources with knowledge of the letters told Reuters. Poland was cut off for not paying in roubles as Western nations imposed sanctions on Russia following its invasion of Ukraine.
This mining stock has a huge future ahead of it, especially as copper surges in demand around the world. And the dividend is the cherry on top! The post 1 Canadian Mining Stock Worth a Long-Term Investment appeared first on The Motley Fool Canada.
After spectacular gains sales of electric vehicles are struggling in the West, with China taking the lead. Barclays takes a look at the situation. Sales of new battery-electric cars in the European Union dropped 12% in May from a year earlier, led by a 30% plunge in Germany.
The biggest wild card going forward is the war in Israel. If the conflict spreads, oil prices could rise more substantially.
Toyota is planning to launch the first electric car model equipped with an advanced autonomous driving system similar to Tesla's Full Self-Driving for the Chinese market next year, one of its Chinese joint ventures said. The JV with state-owned Guangzhou Automobile Group (GAC) aims to restore the Japanese automaker's market share in China by catching up with Chinese rivals on technologies in hybrids, batteries and intelligent vehicles. GAC Toyota said it would launch Bozhi 3X SUV next year as the first model to be equipped with the system that would enable advanced driving assistance for parking and navigation on highways and urban traffics.
Artificial intelligence (AI) took centre stage at MWC Shanghai, the regional edition of the world's largest mobile communications industry trade show, as China's telecommunications network operators and equipment suppliers look to advances in the technology to bolster their businesses. Senior executives from China Mobile, China Unicom, China Telecom, Huawei Technologies and ZTE Corp presented their AI strategies at Wednesday's opening of MWC Shanghai, which runs until Friday. The event's main th
Investing.com -- Oil prices rose Friday and were headed for strong gains in June as fears of supply disruptions in Russia and the Middle East largely offset concerns over slowing demand.
The argument is about a lot more than Detroit and cars.
Laughing and joking, Russian President Vladimir Putin and North Korean leader Kim Jong-un cruised around Pyongyang last week in a Russian-made Aurus limousine to showcase their strengthened anti-Western alliance. The luxury sedan was intended to epitomize Russia's domestic prowess and reduced dependence on imported technology and goods when unveiled in 2018. But customs records show that the company that builds it uses millions of dollars in imported parts, many arriving in Russia from what Kim has described as his country's "primary foe", South Korea.
Another challenging day for some travellers at YYC Calgary International Airport with the threat of a strike by WestJet mechanics. Several flights were preemptively cancelled, but the federal labour minister directed the airline and the mechanics' union into binding arbitration. Meghan Cobb reports.
AMSTERDAM/HAMBURG (Reuters) -Nexperia, one of the world's largest makers of basic semiconductors such as diodes and transistors, said on Thursday it would invest $200 million to expand capacity at its main production site in Hamburg, Germany. The investment by Dutch-headquartered Nexperia, owned by Chinese electronics maker WingTech, is a rare example of a computer chip investment made in Europe without assistance from state subsidies under the EU's Chips Act launched in 2023. It also comes as the European Union is considering whether China is unfairly subsidising domestic Chinese production of simple "legacy" chips, found in cars, electric systems, smartphones and industrial applications.
Amidst a backdrop of cautious interest rate cuts by the Bank of Canada and a pause from the Federal Reserve, Canadian consumers are exhibiting signs of fatigue even as they continue to drive economic growth. With inflation showing signs of moderation and stock markets reaching new heights, this environment underscores the potential stability that high-yielding dividend stocks can offer, particularly in times when diversification remains a key strategy for managing risk.
(Bloomberg) -- Apple Inc.’s iPhone shipments in China rose 40% in May, continuing a recent rebound fueled by heavy discounting from major retailers in the run-up to the country’s June shopping festival.Most Read from BloombergGavin Newsom Is Ready for the Biden EmergencyThe Question on Democrats’ Minds: How to Replace Biden?Biden’s Disastrous Debate Accelerates Doubts Over CandidacyPanicked Emails, Gallows Humor: The Aftermath of Biden's Debate DisasterSupreme Court Overturns Chevron Rule in Blo
(Reuters) -Oil prices will not change much in the second half of 2024 as concerns around demand from China and prospects of higher supply from key producers counter risks from geopolitical tensions, a Reuters poll indicated on Friday. A poll of 44 analysts and economists surveyed by Reuters in the last two weeks forecast the global benchmark, Brent crude , would average $83.93 per barrel in 2024, just shy of the $84.01 consensus in the previous month's poll. Brent crude futures have averaged $83.4 thus far in 2024, after brief spikes to as high as $92.18, driven by supply risks due to the conflict in the Middle East.
BRUSSELS (Reuters) -Microsoft's partnership with OpenAI could face an EU antitrust investigation as regulators singled out their exclusivity clauses while Google's artificial intelligence deal with Samsung also triggered scrutiny. EU antitrust regulators will seek additional third-party views, EU competition chief Margrethe Vestager said on Friday. Vestager in March sent questionnaires to Microsoft, Google, Meta's Facebook and ByteDance's TikTok as well as other big tech companies related to their AI partnerships.
Namibia's recent oil discoveries, particularly Galp's Mopane find, have sparked a surge in interest from major oil companies, with potential reserves rivaling Guyana's.
Walgreens announced on Thursday that it's closing about a fourth of its 8,600 stores. The announcement comes after Rite Aid recently announced it's filing for bankruptcy.
Toyota's global production slid for a fourth straight month in May from a year earlier on lower output in many overseas markets, with the decline in China, where local brands have become much more competitive, particularly sharp. In China, production fell 22%. The Japanese automaker also had lower production in markets such as Thailand, Mexico, Brazil and France although the U.S. and Japan saw output grow.
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