Posts with tag: exploration
Qantas shares reach record high after frequent flyer program revamp
Published on: January 23, 2025, 07:00 AM UTC
Chinese government mandates pension and mutual fund investments in domestic stocks to secure returns.
Published on: January 23, 2025, 05:01 AM UTC
Even a 25% tariff on China would hurt iconic retailer Ralph Lauren (RL), however, it's unlikely that Ralph Lauren could fully exit China to mitigate tariff risk due to their unique expertise in certain categories.
Published on: January 23, 2025, 05:01 AM UTC
Chuck Robbins, CEO of Cisco, discusses the impact of US-China relations and trade policy on businesses at the World Economic Forum in Davos. Cisco's China business, despite facing challenges, remains a key concern for Robbins, who also emphasizes the importance of extending expiring tax cuts. Shares of Cisco have underperformed over the past year but have shown recent resurgence, driven by better-than-expected earnings and optimism about the integration of Splunk.
Published on: January 23, 2025, 02:01 AM UTC
Tariffs could hurt Ralph Lauren and other apparel companies that manufacture in China. CEO Patrice Louvet says the company has diversified its sourcing and can manage tariffs, but warns of potential price hikes for consumers.
Published on: January 23, 2025, 02:01 AM UTC
Fortescue's iron ore shipments rose 1% in the last quarter, adding to concerns about oversupply as Chinese demand wanes. The miner exported 49.4 million tons in the three months to end-December, retaining full-year shipment guidance of 190-200 million tons.
Published on: January 23, 2025, 12:00 AM UTC
Microsoft's relationship with OpenAI faces challenges. Despite investing $14 billion, Microsoft was excluded from OpenAI's new joint venture, prompting speculation of a strained relationship. Microsoft has scaled back plans for additional investment, while OpenAI seeks other partners and explores using rival cloud services for its AI training.
Published on: January 22, 2025, 11:01 PM UTC
Nvidia stock jumped over 4% Wednesday after Trump announced a massive, $500B AI infrastructure project. Stargate, a company funded by SoftBank, OpenAI, Oracle, and MGX, will build data centers for AI and invest up to $500 billion over the next four years.
Published on: January 22, 2025, 04:01 PM UTC
The Trump effect at Davos: Excitement, optimism, and some skepticism
Published on: January 22, 2025, 01:01 PM UTC
China suspends soybean imports from 5 Brazilian entities due to phytosanitary concerns, including chemical contamination, pests, and insects.
Published on: January 22, 2025, 12:04 PM UTC