SK Hynix to Bolster US Chip Supply Chain with $15 Billion Investment in Indiana
In a significant move to strengthen the United States’ semiconductor supply chain, South Korean chip giant SK Hynix Inc. is nearing a decision to establish its first major U.S. facility…
Small-cap stocks experience renewed selling pressure, led by Rapid Synergy and YNH
In Petaling Jaya, the fragile recovery observed in small-cap stocks over the past few weeks has abruptly ended, signaling a return to volatility for investors. Shares of several companies, notably…
Snap Recalls Pixy Drone Lineup Over Battery Fire Hazard
Snap Inc., the parent company of Snapchat, has announced a full recall of its Pixy drone lineup following reports of battery fire hazards. This move comes after the company discontinued…
Opec+ Set to Assess Continuation of Oil Production Cuts in March, Maintains Current Output Policy
On February 1, sources from Opec+ revealed plans to evaluate the continuation of voluntary oil production reductions in March. These cuts, amounting to approximately 2.2 million barrels per day (bpd)…
Meta Surges Ahead with Strong Q4 Earnings and Strategic Efficiency
Meta Platforms, Inc. (formerly known as Facebook) has demonstrated a robust financial performance in the fourth quarter, surpassing analysts’ expectations and signaling a strong rebound. CEO Mark Zuckerberg’s strategic focus…
Global Factory Activity Shows Mixed Results in January
The beginning of 2024 saw a varied performance across global manufacturing sectors, highlighted by the latest surveys released on February 1. Weak demand from China impacted Asia’s economic stability, while…
Gamuda Land Collaborates with Alliance Bank to Enhance Community Ties and Create New Relationships for 2024
In an innovative move to strengthen community bonds and foster new connections, Gamuda Land has teamed up with Alliance Bank Malaysia Berhad in a strategic partnership aimed at enhancing community…
Microsoft’s revenue soars to $62 billion as investment in AI pays off.
Microsoft’s AI Investments Pay Off with Stellar Quarterly Results SAN FRANCISCO: In an impressive display of financial health, Microsoft has outpaced analyst expectations with its quarterly earnings report, thanks in…
New Security Legislation in Hong Kong Spurs Concerns Among Financial Sector
John Lee, Hong Kong’s leader, has been working for the past year to rejuvenate the city’s business environment, heavily impacted by pandemic restrictions and China’s economic slowdown. However, the initiative…
China Issues Warning to Ukraine for Labeling Its Enterprises as ‘War Sponsors’
In Kyiv, on February 1, tensions escalated as China communicated concerns to Ukraine over the potential damage to bilateral relations following Kyiv’s decision to label over a dozen Chinese firms…
Nvidia Enters Competition with Huawei in the Chinese AI Chip Market
In an era where technological supremacy forms the cornerstone of geopolitical power, Nvidia’s latest foray into the Chinese market with its AI chip, the H20, signals a pivotal moment in…
Lululemon’s Big Step into Men’s Footwear Market
Lululemon Athletica, the renowned athletic apparel retailer primarily associated with yoga pants and “belt bags,” has embarked on an exciting journey by entering the men’s footwear market. This strategic move…
China’s Xpeng is introducing its great equivalent of Tesla’s Full Self-Driving technology to international customers in 2024.
Xpeng Eyes Global Expansion with Smart Driving Tech as Key Attraction Guangzhou-Based EV Maker Sets Sights on International Markets with Advanced Driving Assistance Systems In a strategic move that signifies…
Amer, supported by Anta Sports, successfully launches in New York following a US$1.4 billion stock offering
In an era where the synergy between Chinese capital and global markets is increasingly pronounced, Amer Sports’ debut on the New York Stock Exchange stands as a testament to the…
Amazon Abandons iRobot Vacuum Maker Acquisition Following EU Objections
The recent fallout of Amazon’s acquisition of iRobot, the company behind the iconic Roomba vacuum, marks a significant turning point not just for iRobot but for the entire home robotics…
Elon Musk Proposes Relocating Tesla’s Incorporation to Texas Following Legal Dispute
Tesla CEO Elon Musk announced that the electric car manufacturer plans to initiate a shareholder vote on relocating the company’s state of incorporation from Delaware to Texas. This announcement follows…
China Vows to Continue Fiscal Expansion to Boost Economic Growth
The government plans to sustain a robust level of fiscal expenditure and continue transfer payments to local governments. The focal point of fiscal policy will be to expand domestic demand.…
Investors Express Concerns Over AI Development Costs as Microsoft and Alphabet Shares Decline
Tech giants recently faced a stark reminder of the volatile nature of the stock market, with AI-related companies witnessing a staggering $190 billion wiped off their market value late on…
Bidnow, pitchIN, and Gambit Join Forces to Boost Investor Knowledge in Digital Assets 2024
In a remarkable collaborative effort, three key players in the digital asset industry – Bidnow, pitchIN, and Gambit Custody – have come together to educate the public on the nuances…
Bitsmedia seamlessly secures $20M Series A from CMIA, Gobi, and Bintang Capital.
Singapore-based Bitsmedia, the innovator behind the widely popular Muslim lifestyle application, Muslim Pro, has successfully raised US$20 million (approximately RM93 million) in a Series A funding round. This significant financial…