Greg Abel is getting decent, if not spectacular, reviews for leading his first annual shareholders meeting as CEO.
ACTUAIAsia's market rankings are being reshaped by AI-driven gains in TSMC, Samsung, and SK Hynix, overshadowing India's consumption story. Experts cite inflation, a weaker rupee, and job market slowdown as reasons for foreign investor exits.
ACTUAIAsia-Pacific markets opened lower Thursday, mirroring Wall Street's decline, as escalating tensions between Iran and the U.S. pushed oil prices higher, fueling concerns over energy costs and inflation. Israel and the U.S. are prepared to strike Iran again if necessary.
ACTUAIBroadcom reported strong quarterly results with significant AI semiconductor revenue growth, but its guidance fell short of market expectations, causing its stock to dip after hours. The company reiterated its AI revenue targets and announced new deals with major tech firms.
ACTUAIAsia-Pacific markets are expected to open lower, mirroring Wall Street's decline, as elevated oil prices due to Iran-US tensions fuel inflation concerns. Israel and the US are prepared to strike Iran again if necessary.
ACTUAISierra Leone's largest diamond mine has closed due to falling prices of mined gems, driven by the rise of cheaper, ethically sourced lab-grown diamonds. Informal miners struggle as the global market shifts, impacting the region's economy and history.
ACTUAISpaceX is preparing for its IPO next week, setting an ambitious share price of $135 and a valuation of $1.75 trillion. This early price estimate is unusual and could make SpaceX one of the world's most valuable companies, potentially making Elon Musk a trillionaire.
