Key Takeaways Alibaba’s U.S.-listed shares extended their recent rally into Wednesday after it was reported that Apple is partnering with the Chinese company. The companies have submitted to Chinese regulators Alibaba-developed AI features to allow Apple to release Apple Intelligence products in China, according to reports. Analysts have said the launch of the AI features
Key Takeaways Warren Buffett’s Berkshire Hathaway purchased 763,017 shares of Occidental Petroleum on Friday for $35.7 million, according to a regulatory filing Tuesday. The investment firm has grown its stake in recent years, but Buffett has said he has no interest in taking a majority ownership stake in the company. The stock has dropped about
West Texas Intermediate (WTI) Oil price falls on Thursday, according to FXStreet data. WTI trades at $70.55 per barrel, down from Wednesday’s close at $71.16. Brent Oil Exchange Rate (Brent crude) is also shedding ground, trading at $74.29 after its previous daily close at $74.89. WTI Oil FAQs WTI Oil is a type of Crude
Inflation Data Adds Uncertainty to Fed’s Next Move The latest U.S. Consumer Price Index (CPI) report showed a 0.5% monthly increase in January, exceeding the 0.3% forecast. Year-over-year inflation rose to 3%, while core CPI climbed to 3.3%. This data reinforces expectations that the Federal Reserve will maintain elevated interest rates, which could limit gold’s
AUD/JPY holds ground as Australia’s Consumer Inflation Expectations rose to 4.6% in February from 4.0% prior. Market caution increased as the White House indicated that President Trump could unveil his reciprocal tariff plan on Thursday. Japan’s PPI rose 4.2% YoY in January, marking the highest reading since May 2023. AUD/JPY remains steady after registering gains
The multi-year lawsuit between the U.S. SEC and Ripple could be approaching its highly anticipated conclusion. Leading crypto payments company Ripple has endured a lengthy lawsuit from the SEC. The securities regulator introduced the lawsuit in December 2020, alleging that Ripple violated the law by raising $1.3 billion through its XRP sales to retail and
Copenhagen, Denmark – To Donald Trump, the United States president who presents himself as an adept dealmaker, Greenland appears to be an irresistible opportunity. He has long said he wants to buy the vast, semi-autonomous icy island that is part of Denmark, rich in untapped mineral resources and home to about 56,000 people. In 2019
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By GEIR MOULSON Updated [hour]:[minute] [AMPM] [timezone], [monthFull] [day], [year] BERLIN (AP) — Alternative for Germany appears to be heading for its strongest national election result yet this month and is fielding its first candidate to lead the country. Even though it’s highly unlikely to take a share of power soon, it has become
Germany’s top naval officer said “more than one” of its warships were recently sabotaged. A day before, a local report said a corvette-class vessel had metal shavings poured into its engine system. Without expressly accusing any party, the German naval chief warned of a growing threat from Russia. Germany’s naval chief said on Tuesday that