In the first half of 2025, Apple supplier Foxconn Industrial Internet stood out as the top performer on the CSI 300, with an impressive 81% surge in its stock price. This Shanghai-listed company has garnered attention from investors, with Bank of America Securities even giving it a buy rating and raising its price objective to
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Tropical Storm Beryl made its mark on the Gulf of Mexico and the Caribbean, leaving a trail of destruction in its wake. Moving from the Yucatan Peninsula to the Gulf, Beryl caused minimal damage on land but was still considered a threat as it headed towards the south Texas coast. Texas officials issued disaster declarations
The recent British election night brought with it a surprising turn of events with the right-wing Reform UK party making significant gains. The party, led by prominent Brexiteer Nigel Farage, is forecasted to secure 13 seats in the U.K.’s parliament, a stark contrast to its performance in the 2019 general election where it failed to
Bitcoin experienced a significant drop in price, falling to around $57,000 per unit after the U.S. Federal Reserve announced that it was not planning to cut interest rates. This news came after the release of minutes from the Fed’s June meeting that indicated a reluctance to lower rates until there is clear evidence of inflation
Hurricane Beryl has recently been classified as the strongest hurricane ever observed in July, shattering records as it leaves a trail of destruction in the Caribbean. This tropical cyclone has set numerous records that experts attribute to the effects of climate change. It developed at an unprecedented rate and much earlier in the year compared
Federal Reserve Chair Jerome Powell expressed satisfaction Tuesday with the progress on inflation over the past year but said he wants to see more before being confident enough to start cutting interest rates. Powell mentioned that they have made quite a bit of progress in bringing inflation back down to their target of 2%. The
EU regulators have recently accused Meta, the parent company of Facebook, of failing to comply with antitrust rules regarding its ad-supported social networking service. The Commission claims that Meta’s subscription model restricts users to either pay for an ad-free experience or consent to their data being used for personalized advertising, failing to offer a less
French voters are currently participating in the first round of a snap parliamentary election that could potentially see the far-right National Rally group emerge as the largest party in France’s National Assembly. This unexpected move by French President Emmanuel Macron comes after his Renaissance party faced defeat in the European Parliament elections by the National
In a recent snap presidential election in Iran, voter apathy has dominated the political scene. The low turnout of around 40% reflects a growing dissatisfaction among the Iranian population over economic hardships and social restrictions. Despite the efforts of the clerical establishment to encourage high voter participation, polling stations in Tehran and other cities were
France’s recent parliamentary election has caused some unrest among investors, leading to a rise in the country’s risk premium. While the market seems to be pricing in certain outcomes, there are still two scenarios that have not been fully factored in, which could have a significant impact on stocks in the wider European region, according