Macy’s, one of the most well-known department store chains in the United States, has recently seen a significant surge in its stock price. The primary driver behind this upward momentum is the renewed interest and increased offer from activist investors Arkhouse Management and Brigade Capital Management. Why Macy’s Stock Is Rising? Increased Offer by Arkhouse…
Tesla stock (TSLA) rose 2% on Friday, marking the eighth consecutive session of gains and erasing its year-to-date losses. But why is Tesla Stock going up, given this huge rally in the last month? The recent surge has caught the attention of investors and analysts alike, as the stock’s remarkable turnaround signals renewed optimism in…
Epic Games, the creator of the globally popular game “Fortnite,” has recently voiced significant grievances against Apple. The contention centers around Apple’s alleged hindrance of Epic Games’ efforts to establish a game store on iPhones and iPads in Europe. This dispute is the latest development in an ongoing battle over Apple’s control of the iOS…
Britain’s stock market is rising after the victory of a labour party in the UK. It shows the belief of the people to the promises of the party to gain the UK’s market to new heights. FTSE 100 Gains Amid Labour Victory The FTSE 100 Index surged by 0.4%, driven primarily by gains in the…
Foxconn Singapore has recently been granted a significant license to invest $551 million in two key projects in Vietnam’s northern province of Quang Ninh. This move is a part of Foxconn’s broader strategy to expand its footprint in Vietnam, underscoring the country’s growing importance in the global electronics manufacturing landscape. The investment will focus on…
In a significant development within the energy sector, Saudi Aramco and Abu Dhabi National Oil Co. (Adnoc) have recently been exploring potential bids for Santos Ltd., an Australian liquefied natural gas (LNG) producer. This interest from two of the world’s largest energy companies highlights the strategic importance of Santos’ LNG assets and the growing focus…
China’s electric vehicle (EV) giant BYD has inaugurated its latest production facility in Thailand, marking a significant milestone as the automaker’s first factory in Southeast Asia. This strategic move positions BYD at the forefront of the rapidly expanding regional EV market, where it has swiftly emerged as a dominant player. The new plant underscores Thailand’s…
Sri Lanka has successfully negotiated a deal with Bondholders to restructure $12.6 billion worth of bonds, marking a significant step toward completing its debt overhaul two years after defaulting. This agreement is a pivotal moment for the South Asian nation, aiming to restore financial stability and regain access to international capital markets. The Deal’s Key…
Japan’s tax revenue has reached a new milestone in the fiscal year ending in March, marking another record high. This achievement is attributed to the weak yen and persistent inflation, which have significantly influenced the country’s economic landscape. Record Tax Revenues: A Detailed Breakdown In the latest fiscal year, Japan’s tax income climbed to ¥72.1…
China is taking a commanding lead in the realm of generative AI inventions, surpassing other nations by a substantial margin. According to the latest data from the United Nations, China has filed six times more patents in this field than its nearest competitor, the United States. This remarkable achievement underscores China’s significant investment and rapid…