Chinese electric vehicle (EV) maker NIO has just announced its fourth-quarter (Q4) and full-year results for 2024, showing a notable increase in revenue driven by a rise in vehicle deliveries. However, despite these gains, the company’s net losses have widened, sparking concern among investors. Revenue and Delivery Surge NIO saw significant growth in its total … Read more
Intel Corporation (NASDAQ: INTC) has faced a rough patch recently, with its stock taking a significant hit. On March 18, 2025, the company’s shares dropped by 6.3% following a quarterly loss and analyst downgrades. This marks the continuation of a challenging period for the tech giant. The company’s latest financial results reveal a tough quarter. … Read more
Malaysia Aviation Group (MAG), the parent company of Malaysia Airlines, has made a significant announcement today, confirming the purchase of 30 new Boeing 737 MAX aircraft. The deal, valued at billions of dollars, includes 18 Boeing 737 MAX 8 models and 12 larger Boeing 737 MAX 10 jets. The aircraft will be delivered starting in … Read more
Heathrow Airport, one of the busiest air travel hubs in the world, faced major disruptions on Friday after a fire at a nearby power substation left the airport without electricity. The incident resulted in the temporary closure of several terminals and caused significant delays for travelers. Around 10 a.m., the fire at the power substation, … Read more
In the face of escalating living costs, Japanese households have significantly reduced their cash holdings, marking the most substantial quarterly decline since records began in 1998. Data from the Bank of Japan reveals that, in the three months ending December 2024, citizens’ cash holdings decreased by 3.4% year-over-year, bringing the total to ¥105.3 trillion (approximately … Read more
In a significant move to modernize its fleet, Malaysia Aviation Group (MAG), the parent company of Malaysia Airlines, has announced an order for 30 Boeing 737 MAX aircraft, with deliveries scheduled to commence in 2029. The order comprises 18 Boeing 737 MAX 8 and 12 Boeing 737 MAX 10 jets, with options for an additional … Read more
Asian stock markets ended the week on a shaky note, with investor sentiment soured by growing concerns over rising trade tensions and tariffs between the United States and China. As global markets brace for more volatility, these developments are fueling uncertainty and sending ripples across the region’s major exchanges. Mixed Performances Across Asia The Tokyo … Read more
PDD Holdings, the parent company behind Chinese e-commerce giant Pinduoduo, faced a bumpy ride in premarket trading after reporting its latest financial results. While the company posted growth in profit, its revenue came in below Wall Street expectations, leading to a dip in stock value. PDD’s quarterly revenue reached $13.1 billion, a 50% increase compared … Read more
Intel Corporation (NASDAQ: INTC), a leader in the semiconductor industry, has seen a surge in its stock price following news that Vinva Investment Management has significantly increased its stake in the company. Vinva, a well-known investment management firm, boosted its holdings in Intel by an impressive 77%, signaling strong confidence in the tech giant’s future … Read more
Ford Motor Company is currently facing a challenging period as its stock comes under increasing pressure. The automotive giant, which has been a staple of the American economy for over a century, is grappling with a combination of factors that are raising concerns among investors. Looming tariffs and struggles in the electric vehicle (EV) sector … Read more
