US auto sales accelerate to five-year high as consumers embrace incentives
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Cloudflare stock is on the verge of a bullish breakout
Cloudflare’s stock price is at an important resistance level as the market assesses whether it has more upside after soaring 41% in 2024. It was trading at $112.55, a few…
Tesla annual deliveries drop for the first time, stock falls over 6%
Annual deliveries for automaker Tesla fell for the first time in years, sending its share price down by more than 6% in early trading hours. By 9:57 am, the stock…
Binance expands in LATAM with 21st global crypto license in Brazil
In a big move for crypto in Latin America, Binance, the top dog in cryptocurrency exchanges worldwide, just snagged its 21st license, this time from Brazil’s Central Bank. According to…
US jobless claims hit 8-month low: key numbers you need to know
The US labor market continues to display unexpected strength as the year closes, with new applications for unemployment benefits dropping to their lowest level in eight months. This significant decline…
Nippon Steel’s plan to buy US Steel blocked by Biden, Washington Post reports
President Joe Biden has reportedly decided to block Nippon Steel’s proposed $15 billion acquisition of US Steel, according to the Washington Post on Thursday, citing unnamed administration officials unauthorized to…
China to offer smartphone subsidies to boost consumer spending
China plans to broaden its consumption subsidies to include smartphones and other electronics in a bid to boost domestic spending as external challenges loom. The country’s trade-in program, originally focussed…
China’s Hainan faces setback in its global retail hub ambition as spending drops 29% in 2024
The duty-free shopping haven of Hainan, China’s island province known for its luxury boutiques and pristine beaches, saw a dramatic decline in spending last year, dealing a significant blow to…
GLD ETF forecast as gold price forms a bullish pennant pattern
The SPDR Gold Trust (GLD) ETF could have another solid year as Wall Street analysts predicts more gains for gold. GLD, the biggest gold ETF, rose to a record high…
Covid-like HMPV virus spreads across Asia: what you need to know
The human metapneumovirus (HMPV), a respiratory virus often compared to COVID-19 due to its symptoms and transmission methods, is currently spreading across Asia, raising significant health concerns. The virus, which…