Alibaba has recently announced the completion of a three-year regulatory “rectification” process after being fined for monopolistic practices in 2021. This marks a significant milestone for the Chinese tech giant as it strives to comply with antitrust regulations and regain the trust of regulators. Regulatory Compliance The State Administration for Market Regulation (SAMR) in China
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Intel CEO Pat Gelsinger recently spoke at the Deutsche Bank’s technology conference in Dana Point, California, acknowledging the challenges the company has faced in recent weeks. Following a disastrous earnings report, Intel’s stock price plummeted by 26%, marking the worst day on Wall Street for the chipmaker in over 50 years. Share prices have seen
The rapid return of market confidence following a recent global sell-off in risky assets has caused alarm for the head of asset allocation research at Goldman Sachs. Christian Mueller-Glissmann expressed his concerns in an interview with CNBC’s “Squawk Box Europe,” likening the early August stocks slump to a warning shot. The S&P 500 experienced a
The artificial intelligence boom has led to an increased demand for more powerful processors and the energy needed to keep data centers cool. Sustainable Metal Cloud, a data center company, has found an opportunity in this trend by operating “sustainable AI factories” made up of its HyperCubes in Singapore and Australia. These HyperCubes house servers
Recently, the Dow Jones Industrial Average experienced a surge to a record high, only to subsequently retreat in light of the significant sell-off earlier in the month. This rollercoaster ride was reflective of the uncertainty and volatility that has been gripping the market in recent times. The 30-stock index displayed a notable drop of 0.1%,
The recent quarterly reports from major Chinese companies emphasize the need for meticulous stock selection in the local market. According to Lorraine Tan, director of Asia equity research at Morningstar, there has been noticeable outperformance among specific companies, indicating a trend where weakness is more prevalent across the board. She points out that the companies
In a shocking turn of events, the Islamic State group has claimed responsibility for a deadly knife attack in the German city of Solingen. The attack resulted in the tragic loss of three lives and left eight others wounded. The perpetrator, described as a “soldier of the Islamic State”, reportedly carried out the attack as
Bank of England Governor Andrew Bailey will be acknowledging the significant progress made in reducing inflation in the U.K. during his upcoming speech. He is expected to highlight the sharp decline in headline inflation, particularly due to the decrease in energy and food prices. Additionally, Bailey will mention how higher interest rates have played a
Deutsche Bank recently announced settlements with nearly 60% of plaintiffs in a long-running case regarding its acquisition of Postbank. These agreements have been reached at a settlement price of 31 euros per share, resulting in a positive impact on the bank’s anticipated third-quarter pretax profit by 430 million euros. This move has not only allowed
On Wednesday, Asian markets experienced a downturn following a halt to the eight-day winning streak of U.S. benchmark indexes, the S&P500 and the Nasdaq Composite. The S&P 500 dropped by 0.2%, while the Nasdaq Composite fell by 0.33%. Additionally, the Dow Jones Industrial Average saw a decrease of 0.15%. Japan’s trade data for July revealed