Bank of America Corp

Bank of America Warns Federal Reserve to Tread Carefully on Interest Rate Cuts

Bank of America Corp. Chief Executive Officer Brian Moynihan has issued a strong warning to the Federal Reserve, urging its policymakers to exercise caution when reducing interest rates in the coming months. Speaking during an interview with Bloomberg TV on...
Drone view shows a cargo ship and shipping containers at the port of Lianyungang

U.S.-China Trade Battle: How a Trump Victory Could Shake Global Supply Chains

As the U.S. presidential election approaches, business leaders across various sectors are anxiously preparing for the possibility of another Donald Trump presidency and its potential impact on trade with China. For many companies, like KidKraft— a leading manufacturer of toys...
Asian Stock

Asian Equities Decline as Wall Street Takes a Breather; Bonds Fall Amid Cooling Rate-Cut Expectations

Asian markets fell for the second consecutive day, as Wall Street paused its longest weekly rally of the year. Investor concerns over bond yields and the Federal Reserve's monetary policy triggered a broad selloff across global markets, with shares in...
Computer parts

Logitech International Raises Full-Year Outlook Following Strong Second Quarter Performance

Swiss-American Tech Company Exceeds Expectations and Signals Optimism for Full-Year Sales Logitech International, a globally recognized leader in computer peripherals, has raised its full-year outlook following a strong performance in the second quarter of its fiscal year. The Swiss-American company,...
South Korea team showcases drone that serves as 'flying shopping cart'

South Korean Researchers Develop Flexible-Rotor Transport Drone for Uneven Terrain

A team of researchers at Seoul National University of Science and Technology (Seoul Tech) has developed an innovative transport drone that operates on multiple flexible rotors, making it capable of self-correcting in flight to remain level. This new drone, which...
Crude Oil

Oil Prices Fall Amid Middle East Ceasefire Efforts and Weakened Chinese Demand

Oil prices dropped on Tuesday, retracing a portion of the previous day's nearly 2% gain, as U.S. diplomatic efforts to negotiate a ceasefire in the ongoing Middle East conflict, coupled with persistent concerns about China's sluggish economic recovery, weighed on...
electric vehicle

Electrifying Rise of EVs: A Quiet Revolution in Transportation

Over the past decade, the electric vehicle (EV) market has seen significant strides, thanks to remarkable advancements in battery technology. As battery energy densities have soared and production costs have plummeted, EVs are now on a trajectory to compete head-to-head...
China Economic

China Lowers Key Lending Rates as Part of Aggressive Economic Stimulus

China implemented a highly anticipated cut to its benchmark lending rates, marking a pivotal move in its effort to revive the slowing economy. The People's Bank of China (PBOC) reduced both the one-year and five-year loan prime rates (LPR), following...
Mineral Resources

Mineral Resources Launches Investigation Into Payments Linked to Founder, Shares Tumble Amid Corporate Uncertainty

Mineral Resources Ltd., a major Australian mining company, has announced that it has hired legal counsel to investigate payments made to its founder and Managing Director, Chris Ellison, after it was revealed that he failed to declare certain revenue to...
Chinese yuan

China Slashes Benchmark Lending Rates Amid Struggles to Revive Growth and Stabilize Housing Market

In a significant move aimed at reviving its faltering economy and stabilizing the housing market, China has cut its benchmark lending rates as part of a broader set of measures initiated by the central bank to spur growth. On Monday,...
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