The long-anticipated meeting between U.S. President Joe Biden and Chinese President Xi Jinping finally took place in San Francisco, marking their first face-to-face encounter in a year. As tensions between the two countries continue to simmer, the leaders convened on the sidelines of the Asia-Pacific Economic Cooperation conference to discuss critical global challenges and the
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The latest inflation figures have had a significant impact on U.S. Treasury yields, causing them to tumble. This comes as the October consumer price index showed a dramatically slower pace of price increases compared to previous months. The 10-year Treasury yield fell by nearly 17 basis points to around 4.46%, while the 2-year Treasury yield
Renewable energy firms have been facing a dire earnings season due to various challenges in their operations. One of the main issues is the struggle with supply chains, as equipment manufacturers are finding it difficult to keep up with the soaring global demand for cleaner energy. This has resulted in rising production costs, which are
Contemporary Amperex Technology, better known as CATL, is a dominant force in the electric vehicle (EV) industry. As the largest stock by market capitalization in the index of largest stocks on the Shenzhen exchange, CATL holds a prominent position in the market. While Chinese stocks have struggled throughout the year, CATL has caught the attention
In a concerning turn of events, Russia launched a missile attack on Ukraine’s capital, Kyiv, and its surrounding region for the first time in over seven weeks. With the use of drones, Russian forces heavily pounded the east and south of Ukraine. This assault marks a clear escalation in aggression by Russia, and Ukrainian officials
Chinese low-cost retailer Temu has established itself as a dominant force in app stores across Japan and South Korea, surpassing its rival Shein. Temu’s successful expansion in Western markets has propelled its growth, leading to its rapid rise in popularity in these two Asian countries. According to Goldman Sachs, Temu is now available in over
Amid a volatile October for the major averages, active managers seemed to have found their footing. According to Bank of America, 68% of large-cap active managers outperformed the benchmark, marking a positive month for stock pickers. While allocations to active strategies have shrunk, the beat rate for the year-to-date still remains ahead of the average.
Global equities are poised for a notable boost in the upcoming year, provided that central banks adopt an accommodative monetary policy and the Federal Reserve manages a soft landing, according to analysis by HSBC. In a note to clients, Alastair Pinder expressed optimism by stating, “We expect global equity markets to climb higher and forecast
Crude oil prices in the United States experienced a significant dip on Tuesday as weak global economic data took precedence over concerns about the Israel-Hamas war potentially escalating into a broader regional conflict. This downward trend brought prices to their lowest point since July. The drop in prices was fueled by mixed economic data from
Aleph Alpha, a German startup, has recently secured a substantial funding round amounting to $500 million. The investment was provided by prominent companies such as Bosch, SAP, and Hewlett Packard Enterprise. This funding will allow Aleph Alpha to further develop its own large language models and expand its capabilities in artificial intelligence (AI). In this