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The Gulf bets big on artificial intelligence… Is it the new oil?
The Gulf bets big on artificial intelligence… Is it the new oil?
Aug 4, 2025
When Donald Trump landed in the United Arab Emirates earlier this year, he wasnt just bringing headlines with himhe came with deals, ambitions, and soft power in the field of artificial intelligence. The former US president was received with royal honors, but the highlight of the visit was the announcement of a massive AI-focused university campusa joint UAE-US project. This...
Is the US labor market losing balance? July data raises concerns
Is the US labor market losing balance? July data raises concerns
Aug 3, 2025
The US labor market appeared to make steady progress during the first half of the year, but there are growing signs that job growth is losing momentum. The July jobs report is set to be released at 8:30 a.m. Eastern Time on Friday and is expected to show a net gain of 115,000 jobs a significant slowdown compared to Junes...
US dollar steadies after payrolls shock.. Swiss franc declines
US dollar steadies after payrolls shock.. Swiss franc declines
Aug 4, 2025
The US dollar found some support on Monday after a disappointing US jobs report on Friday and President Donald Trumps abrupt dismissal of a top labor statistics official, which had delivered a blow to the currency and fueled investor bets on an imminent Federal Reserve rate cut. Data released on Friday showed that job growth in the US fell short...
Yen gives up two-week high on profit-taking
Yen gives up two-week high on profit-taking
Aug 3, 2025
The Japanese yen declined in Asian trading on Monday against a basket of major and minor currencies, retreating from a two-week high versus the US dollar. The drop came amid profit-taking and a rebound in the greenbacks strength across the forex market. Last weeks Bank of Japan meeting paved the way for further normalization of monetary policy. However, uncertainty remains...
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Semtech Stock: A Deep Dive Into Analyst Perspectives (8 Ratings)
Semtech Stock: A Deep Dive Into Analyst Perspectives (8 Ratings)
May 26, 2025
8 analysts have expressed a variety of opinions on Semtech ( SMTC ) over the past quarter, offering a diverse set of opinions from bullish to bearish. The table below provides a concise overview of recent ratings by analysts, offering insights into the changing sentiments over the past 30 days and drawing comparisons with the preceding months for a holistic...
Telegram 'surprised' as Vietnam orders messaging app to be blocked
Telegram 'surprised' as Vietnam orders messaging app to be blocked
May 26, 2025
HANOI (Reuters) -Vietnam's technology ministry has ordered telecommunication service providers to block the messaging app Telegram for not cooperating in combating alleged crimes committed by its users, in a move that Telegram said was surprising. In a document, dated May 21 and signed by the deputy head of the telecom department at the technology ministry, telecommunication companies were ordered to...
CommScope considers sale of broadband arm for as much as $10 billion, Bloomberg News reports
CommScope considers sale of broadband arm for as much as $10 billion, Bloomberg News reports
May 26, 2025
May 23 (Reuters) - CommScope Holding ( COMM ) is exploring the sale of its broadband connectivity and cable solutions (CCS) division, Bloomberg News reported on Friday. The U.S.-based network infrastructure provider has spent years working to lower its debt in the wake of sizable acquisitions and economic challenges during the pandemic that stunted its growth. The company is aiming...
Nvidia CEO calls Trump re-industrialisation policies 'visionary'
Nvidia CEO calls Trump re-industrialisation policies 'visionary'
May 26, 2025
By Supantha Mukherjee NORRKOPING, Sweden (Reuters) -Nvidia ( NVDA ) CEO Jensen Huang on Saturday praised U.S. President Donald Trump's efforts to boost U.S. technology as the leading chipmaker announced a partnership with a group of Swedish businesses to develop AI infrastructure in Sweden. Nvidia ( NVDA ) will provide its latest generation AI data centre platform to a group...
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Deals of the day-Mergers and acquisitions
Deals of the day-Mergers and acquisitions
Jul 16, 2024
July 16 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 0930 GMT on Tuesday: ** A majority of shareholders have approved Japanese company Electric Power Development's ( EPWDF ) (J-Power) 9513.T A$381 million ($257.56 million) buyout of Genex Power, the Australian company said. ** Scientific instruments maker Spectris Plc ( SEPJF ) said it has agreed...
Update: Boeing Begins Certification Flight Tests for Delayed 777-9 Aircraft
Update: Boeing Begins Certification Flight Tests for Delayed 777-9 Aircraft
Jul 16, 2024
05:42 AM EDT, 07/16/2024 (MT Newswires) -- (Updates with details from Boeing's ( BA ) statement in the second paragraph and a response from the FAA in the fourth paragraph.) Boeing ( BA ) conducted the first certification flight test for its long-delayed 777-9 plane on Friday under the oversight of the US Federal Aviation Administration, the company said in...
Mercantile Bank Q2 Earnings Decline, Revenue Rises
Mercantile Bank Q2 Earnings Decline, Revenue Rises
Jul 16, 2024
05:47 AM EDT, 07/16/2024 (MT Newswires) -- Mercantile Bank ( MBWM ) reported Q2 earnings Tuesday of $1.17 per diluted share, down from $1.27 a year earlier. Analysts polled by Capital IQ expected $1.16. Revenue, expressed as the sum of net interest income and noninterest income, was $56.8 million for the quarter ended June 30, up from $55.2 million a...
Malaysia's ADE sees boom in aircraft repairs amid new plane shortages
Malaysia's ADE sees boom in aircraft repairs amid new plane shortages
Jul 16, 2024
KUALA LUMPUR, July 16 (Reuters) - The global aircraft repair industry will see more growth in the next six years as airlines keep flying their jets longer because of a shortage of new planes, said Mahesh Kumar, the CEO of Malaysia-based aviation services firm Asia Digital Engineering (ADE). New deliveries have dropped sharply in recent months amid supply chain disruptions...
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Will Markets Continue to Fall When $15B Crypto Options Expire Today?
Will Markets Continue to Fall When $15B Crypto Options Expire Today?
Jul 25, 2025
Around 103,500 Bitcoin options contracts will expire on Friday, July 25, and they have a notional value of roughly $12.6 billion. This one is much larger than last week’s expiry, being an end-of-month event, but unlikely to be enough to influence spot markets, which have been on the back foot for most of the week. “Last month’s H1 expiry hit...
Volatile XRP and DOGE Whale Accumulation Steal the Show: Bits Recap July 25th
Volatile XRP and DOGE Whale Accumulation Steal the Show: Bits Recap July 25th
Jul 25, 2025
TL;DR XRP briefly plunged below $3 before recovering above the psychological mark, with analysts viewing the dip as a temporary pause in its broader uptrend. Whales scooped up 310 million DOGE, with analysts eyeing a rally toward $0.46 and even $5. A substantial spike in burn rate and oversold RSI levels suggest SHIB may be primed for a short-term recovery....
Toncoin (TON) Eyes $5.30 If This Key Support Holds
Toncoin (TON) Eyes $5.30 If This Key Support Holds
Jul 25, 2025
TL;DR Toncoin holds the key $2.87 level, setting sights on $5.30 if support continues to attract buyers. RSI and MFI readings suggest overbought conditions as traders watch for a possible short-term pullback. Telegram’s TON Wallet rollout in the US could expand adoption, reaching 87 million users instantly. Price Maintains Critical Support Range Toncoin (TON) continues to trade above the $2.87...
Tribute or Quick Buck? Ozzy Osbourne and Hulk Hogan Meme Coins Pump and Dump
Tribute or Quick Buck? Ozzy Osbourne and Hulk Hogan Meme Coins Pump and Dump
Jul 25, 2025
TL;DR Speculative tokens named after the late celebrities have registered whopping price spikes before heading south. Innovative crypto participants often launch meme coins after notable figures pass away. Such was the case in 2022 when they flooded the market with Queen Elizabeth-themed tokens. More Memes Popping up Earlier this week, the world lost two legends of music and show business:...
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