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Archive: 2025-02-24 (658) - Page 13/14 (50)

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APLD Skyrockets Amid AI Boom

Applied Digital Corporation (NASDAQ:APLD) recently jumped by 16.9 percent week-on-week, driven by a boost from Nvidia Corp. (NVDA) CEO Jensen Huang's comments on DeepSeek, which sent shockwaves through US stocks. Investor sentiment was further bolstered by NVDA's recent regulatory filing, revealing that APLD is one of the companies directly invested in. The stock's price growth can be attributed to its involvement with OpenAI's ChatGPT and the significant role played by NVDA in the tech giant's growth.

US Growth Concerns Spook Investors as Indian Equities Hit 8-Month Lows

India's benchmark indexes fell to their lowest in eight months on Monday, weighed by sharp losses in heavyweight financials and information technology stocks, as concerns over slowing growth in the United States spooked investors. The Nifty 50 and BSE Sensex were down 1% each at 22,568.50 and 74,601.88 points, respectively, as of 09:46 a.m. IST. These benchmarks have been under pressure for most of February, falling in 15 out of 17 trading sessions.

Samsung Elec, union in South Korea agree 5.1% wage increase

Samsung Electronics and its labour union in South Korea have reached an agreement for a 5.1% wage increase, the company and the union said in separate statements on Monday. This deal comes after a year of strikes by the National Samsung Electronics Union (NSEU), whose roughly 36,000 members make up about 30% of the company's South Korean workforce, which aimed to secure better pay and benefits. The agreement also includes shares and other perks for union members.

Bangladeshi Students Set To Launch Political Party Amidst Post-Hasina Era Turmoil

The student-led group that played a pivotal role in ousting former Prime Minister Sheikh Hasina is set to launch its own political party this week, marking a significant shift in the country's turbulent politics. The party, led by Nahid Islam, a key figure in the protests, aims to represent the interests of Bangladesh's youth and advocate for democratic reforms. As the nation grapples with ongoing human rights issues and political instability, the emergence of a new player in the game could have far-reaching consequences.

JBL Flip 7: New Bluetooth Speakers with Improved Features

JBL is set to launch the Flip 7, a portable speaker boasting enhanced audio quality and upgraded durability, including an IP68 certification for better water and dust resistance. The new model features a unique AI Sound Boost algorithm designed for real-time audio optimization, promising to elevate listening experiences for users. With a compact design, extended battery life, and the ability to connect multiple speakers for synchronized playback, the Flip 7 aims to cater to both casual listeners and audiophiles alike.

Portable Bluetooth Speakers with AI-Enhanced Sound Gain Popularity

JBL is launching new portable speakers that promise high-quality audio playback on the go. Various improvements are advertised, including better protection against dust and water. The JBL Flip 7 comes with a kind of AI audio, the JBL AI Sound Boost algorithm, intended to provide real-time optimization of audio quality.

The Future of Farming Reveals Tech Disasters

Larry Ellison's venture into farming with Sensei Farms serves as a cautionary tale about the challenges of applying innovative technology to complex agricultural systems. Despite significant investments and ambitious goals, the project has struggled with technical issues, rookie mistakes, and unrealistic expectations. The experience highlights the importance of understanding the nuances of specialized industries before attempting to disrupt them.

Chinese Rivals to Musk’s Starlink accelerate race to dominate satellite internet

The competition is heating up in the satellite internet sector as Chinese rivals and Amazon's Jeff Bezos-backed service challenge Elon Musk's Starlink dominance. The stakes are high, with China aiming to expand its internet censorship regime globally through satellite broadband. The emergence of SpaceSail and Project Kuiper marks a significant shift in the space industry, threatening Musk's position and forcing him to adapt to a rapidly changing landscape.

ZYGOMATIC IMPLANTS AT FY SMILE: A GAME-CHANGER FOR PATIENTS WITH SEVERE BONE LOSS

New cutting-edge Zygomatic Implants at FY Smile are revolutionizing smile restoration for patients with severe bone loss, providing a permanent and effective alternative to traditional implant procedures. Under the expertise of Dr. Fadi Yassmin, these implants eliminate the need for extensive bone grafting, offering a faster, more reliable, and less invasive solution. By anchoring into the zygoma (cheekbone), Zygomatic Implants provide a strong foundation for a full set of fixed teeth, delivering immediate function and long-term stability.

World Markets React with CAUTION as Conservatives WIN ELECTION

World markets were mixed on Monday after U.S. stocks fell sharply following reports showing the U.S. economy may be suffering due to concerns over President Donald Trump's policies. German shares advanced after conservatives won an election dominated by concerns about Europe's largest economy, while Asian markets wavered before closing. The DAX jumped 0.7% to 22,439.17, while the CAC 40 shed 0.2%, and the FTSE 100 edged 0.1% higher.

Bergamont Unveils E-Horizon SUV FS 10, A Versatile e-Bike for Commuting Through the Forest

The Bergamont E-Horizon SUV FS 10 is an e-bike designed for virtually all kinds of terrain without any real compromises. However, this versatility comes at a cost in terms of the steep price tag and the high weight of the bike. The e-bike features extensive equipment, including a suspension fork and a shock absorber, which provides a comfortable ride on various types of terrain.

WiseTech Board Revolts Against Embattled Billionaire

The Australian tech company's billionaire founder, Richard White, has faced a severe backlash from its board of directors, with four senior leaders resigning over "intractable differences" with him. The company's shares plummeted 20% on the market open following the announcement, as investors reacted to the drama unfolding within WiseTech. The board's move is seen as a major blow to White, who was cleared of personal misconduct allegations but still faces legal action.

CHINA'S ALIBABA TO INVEST $50 BN IN AI, CLOUD COMPUTING

Alibaba plans to spend more than $53 billion over the next three years on artificial intelligence and cloud computing, a significant investment aimed at reinforcing its commitment to long-term technological innovation. The company's strategy is focused on "user-first, AI-driven" growth, as it seeks to capitalize on the resurgence of Chinese technology stocks. With the country's economy still battling sluggish consumption, Alibaba's efforts to boost growth through AI and cloud computing are seen as a key factor in its revival.

Russian official visits Indonesia and Malaysia to talk defence, Russian agencies report

Sergei Shoigu's visit marks a shift in Russia's geopolitical priorities towards Asia, as the country seeks to counterbalance Western influence. Russian Security Council Secretary Sergei Shoigu has emphasized that the West had tried to use Ukraine to inflict strategic defeat on Russia but had failed. The trip aims to strengthen bilateral relations with Indonesia and Malaysia through cooperation on security and defence issues.

hipages Group Holdings Reports Mixed Earnings for First Half 2025

hipages Group Holdings' (ASX:HPG) earnings report for the first half of 2025 reveals a decrease in revenue, net income, and profit margin compared to the same period last year. The company's earnings per share (EPS) also took a hit, down from AU$0.028 to AU$0.001. Despite this, hipages Group Holdings' shares have remained relatively stable, with a 1.2% drop over the past week.

Kayo's Basic Plan Price Hike Sparks Frustration Among Sports Fans

Kayo Premium, previously known as Kayo Basic, will now cost AU$40p/m from March 4, 2025, with the addition of 4K stream quality and two simultaneous screens. The price increase comes just in time for the start of the 2025 NRL, AFL, and F1 seasons, leaving fans with limited options to watch every game or race live. The restructuring also sees Kayo One becoming Kayo Standard at the same AU$25 price point.

Awards Season Honors Jane Fonda as Trailblazing Actress and Activist

Jane Fonda was awarded the SAG Life Achievement Award for her six-decade career spanning film, television, and stage. The actress and activist has been recognized for her tireless advocacy and commitment to social justice causes. Fonda's impact on the entertainment industry extends beyond her own work, inspiring generations of actors and activists.

'Shogun' and 'Only Murders in the Building' Win Prestigious TV Awards

The FX historical epic "Shogun" took home the award for best ensemble in a drama TV series at the 31st Screen Actors Guild Awards, beating out other notable nominees. Hulu's original series "Only Murders in the Building," known for its unique blend of mystery and comedy, claimed the award for best TV comedy ensemble. The wins marked a triumphant night for FX Studios, with Hiroyuki Sanada taking home awards for best male and female lead actors in a drama series.

Winners at the Screen Actors Guild Awards

The 31st Annual Screen Actors Guild Awards have recognized outstanding performances in film and television, with several notable winners taking home top honors. Timothée Chalamet received the award for Best Male Actor in a Leading Role for his performance in "Conclave," while Demi Moore won Best Female Actress in a Leading Role for her work on an unspecified project. The ceremony also saw wins for "Shogun" as Best Ensemble in a Drama Series and "Only Murders in the Building" as Best Ensemble in a Comedy Series.

CHINA EXPELS AEROSPACE EXECUTIVE FOR CORRUPTION

A former Chinese aerospace defence executive has been expelled from the ruling Communist Party for corruption, China's anti-graft watchdog said on Monday, part of a sweeping anti-corruption purge across China's military-industrial complex. The former chairman of Aviation Industry Corporation of China, Tan Ruisong, "lived off the military sector" and took a huge amount in bribes, according to a statement from the Central Commission for Discipline Inspection. This move comes after 14 military delegates were expelled from China's national legislative body in the past two years, as part of a purge of the world's largest military unprecedented in size and scale.

Nvidia Earnings Spark Options Traders' Hedges Amid Market Volatility Concerns

Even before Nvidia's earnings report, some traders were preparing for unrest by boosting bets that volatility would return. As the company's earnings on Wednesday could be a catalyst for market fluctuations, traders are taking a wait-and-see approach to gauge the market's response. Nvidia's stock price has more than tripled since its low in October 2023, making it vulnerable to market swings.

Indonesia Launches Multi-Billion-Dollar Sovereign Wealth Fund

Indonesia has launched a new sovereign wealth fund worth more than $900 billion, led by President Prabowo Subianto's ambitious plan to turbo-charge growth in Southeast Asia. The fund, known as Danantara, will aim to manage state assets and invest in high-impact national projects, including renewable energy and infrastructure development. By leveraging its significant economic potential, Indonesia seeks to upgrade its position as the region's largest economy.

ALUMINUM RALLY FADES AS TRADERS WEIGH SIGNS OF WEAK US ECONOMY

The aluminum market's recent rally has lost steam as traders weigh the implications of weak US economic data, with mixed sessions for metals and a broader cooling in global commodity prices. The decline in business activity and long-term inflation expectations have raised concerns about demand for key industrial metals like aluminum. As investors reassess their positions, the price of aluminum is expected to continue its downward trend.

Trump Names Right-Wing Commentator as Deputy FBI Director

US President Donald Trump has appointed right-wing commentator Dan Bongino as deputy director of the FBI, praising his "incredible love and passion for our Country". The appointment is seen as a surprise move, given Bongino's background in law enforcement and politics. The selection process was reportedly fast-tracked under newly confirmed FBI Director Kash Patel.

Alibaba Invests Heavily in AI

Alibaba plans to invest at least $52.44 billion in its cloud computing and artificial intelligence infrastructure over the next three years, exceeding its spending on AI and cloud computing over the past decade. The company has started 2025 as a leader in China's AI race, with investors drawn to strategic business deals. Alibaba's significant investment in AI follows other Chinese firms like ByteDance, which is earmarking $150 billion for capital expenditure this year.

Dividend Stocks To Consider In February 2025

As global markets navigate geopolitical tensions and consumer spending concerns, investors are closely monitoring economic indicators like the U.S. Services PMI, which has entered contraction territory. Amid these uncertainties, dividend stocks can offer a measure of stability and income potential, appealing to those looking for reliable returns in a volatile environment. Investors seeking stable yields may want to consider the Saudi Investment Bank's commercial banking services and its promising recent earnings growth.

China's Central Bank Policy Flip-Flop Sows Confusion Over Rate Cuts Timing

The People's Bank of China (PBOC) has signaled a shift towards monetary easing, but its recent policy decisions have left investors and analysts puzzled about the timing of potential rate cuts. The PBOC has repeatedly hinted at lowering cash reserve requirements, but so far, it hasn't followed through on these plans. This lull in policy action is depriving the economy of stimulus and delaying expectations for monetary easing in 2025.

Olam to Sell Stake in Agribusiness for $1.8 Billion

Olam Group has agreed to sell a 44.58% stake in its agricultural products business Olam Agri to state-owned Saudi Agricultural and Livestock Investment Company (SALIC) for $1.78 billion, valuing the business at $4 billion. The transaction, which includes a 35.43% stake sold previously, will result in a gain of $1.84 billion for Olam Group and give SALIC an 80% controlling stake in the business. The sale of the remaining 19.99% stake is expected to be completed three years after the completion of the first phase.

Indian Rupee to Take Cues from Regional Peers, Bond Traders Eye Liquidity Moves

The Indian rupee may remain under pressure this week due to persistent foreign portfolio outflows and a strong selling trend in domestic stocks by overseas investors. Government bonds are expected to react to liquidity infusions by the central bank, particularly with the upcoming $10 billion 3-year dollar-rupee buy/sell swap on February 28. Meanwhile, U.S. personal consumption expenditure inflation data will be closely watched to gauge the future path of the Federal Reserve's policy rates.

Euro scales one-month top after Germany's conservatives win, dollar slumps

The euro has surged to a one-month high as Germany's opposition conservatives won the national election, while the dollar tumbled to its weakest in more than two months due to mounting worries over the U.S. economy's growth outlook. Investors are now focused on how quickly Friedrich Merz's party can form a coalition government to bring about change to a frail economy. The euro's gains reflect growing concerns about the economic implications of Trump's policies, which have led to decreased investor appetite for the dollar.

Sitra Holdings (International) Full Year 2024 Earnings: Narrowing Loss, But Still Troubling Signs

Sitra Holdings (International), a Catalist-listed company, has reported its full year 2024 earnings, revealing a narrowing loss of S$0.001 per share, down from S$0.002 in the previous year. Despite this improvement, the company's revenue has declined by 13% to S$12.7 million, and its net loss has widened to S$1.19 million. The company's stock price remains unchanged from a week ago, indicating investor skepticism about its prospects.

Germany’s Crunch Election Grips Market Wanting Higher Spending

The outcome of Germany's highest-stakes election is paving the way for a pivot to increased spending, with markets predicting the end of an era for constrained fiscal policy. Friedrich Merz's conservative opposition leader comfortably won Sunday's federal election, in line with expectations, and is likely to form a new government as soon as possible. The nation will also "have somewhat better odds of avoiding a massive split with the Trump administration over trade, Russia, or China," according to analysts.

SAG Awards Red Carpet: Celebrity Style and Performances Under the Spotlight

Millie Bobby Brown, Mikey Madison, and Timothée Chalamet were among the stars walking the red carpet ahead of the Screen Actors Guild (SAG) Awards on Sunday, showcasing their stylish outfits and posing for photos. The ceremony celebrates the best television and film performances of the last year, with many stars donning dark dresses and tuxedos that became a common theme on the red carpet. As the industry's top talent gathered to honor their peers, the excitement was palpable, with many stars looking sharp in their ensembles.

Best Travel VPNs of 2025: Expert Tested and Reviewed

NordVPN is the top choice for travelers seeking fast and reliable connections, consistency across various situations, and a vast server network. This VPN provides excellent security and stability, making it an ideal option for those who need to access streaming services or browse online without worrying about their data being compromised. With its user-friendly app and extensive testing process, NordVPN stands out as the best travel VPN for 2025.

The Forgotten Middle East Peace Plan

In 2008, Israel's Prime Minister Ehud Olmert urged the Palestinian leader to accept a two-state solution, proposing that each side claim parts of Jerusalem as their capital and administer it through a committee of trustees. The map he drew has never been revealed to media – until now, when it was unveiled in a documentary film. The proposal included evacuating dozens of Jewish settlements in the West Bank and Jordan Valley, but the test never came due to Olmert's lame duck status and the complicated situation in Gaza.

Revolutionizing Drivi with Ultra-Large Automotive Displays

LG Display's mass production of 40-inch Pillar to Pillar (P2P) automotive displays marks a significant milestone in the Software-Defined Vehicle era, offering a personalized infotainment experience for drivers and passengers. The ultra-large display enables immediate access to varied information and easy control of vehicle functions without limitations, while Switchable Privacy Mode technology controls the viewing angle to ensure driver focus. This innovation maximizes design potential, minimizing physical buttons and enabling various functions to be controlled via the display.

European Shares Steadied on Monday as Germany's Election Produced No Nasty Surprise

European shares steadied on Monday as Germany's election produced no nasty surprise, while Wall Street futures firmed on hopes results from AI diva Nvidia this week would justify the tech sector's sky-high valuations. The euro edged 0.3% higher to $1.0493 after the CDU/CSU won as polls predicted. German's new conservative leader Friedrich Merz has to form a coalition government and it is not yet clear whether that will include one or two partners, with the latter likely to take more time and horse trading.

Ukraine's War Through the Lens: Love, Loss and Duty

The powerful images that have encapsulated the war in Ukraine are more than just snapshots of conflict – they are moving accounts of those behind them. Photojournalists such as Vlada Liberov and Valeria Demenko have documented the human impact of the war on the front line and in civilian areas, capturing moments of loss, duty, and even joy. Their work provides a poignant reminder of the personal cost of war and the resilience of those who continue to document its effects.

ELSOFT RESEARCH BERHAD Full Year 2024 Earnings: EPS: RM0.003 (vs RM0.01 in FY 2023)

Elsoft Research Berhad's revenue declined by 14% to RM13.9m in FY 2024, with a significant decrease in profit margin from 44% in FY 2023 to 16%. The company's net income also plummeted by 69% to RM2.16m. This drastic decline is largely attributed to increased expenses.

Germany's Future at Stake: New Leader Must Build Coalition in Divided Country

Germany is at a crossroads, with Friedrich Merz's election victory posing significant challenges as he navigates the country's deepening divisions and grapples with the daunting task of forming a coalition government. The outcome of the election highlights an east-west split that has been decades in the making, with the AfD solidifying its dominance in the former communist east and the CDU prevailing in much of Germany's south and west. As Merz takes office, he must balance competing demands and find ways to bring together a fractured nation.

iPhone 16e Brings Affordable Premium Experience to Market

The iPhone 16e, with its AU$999 price point, offers a near-premium experience despite cost-cutting efforts, thanks to its 6.1-inch Super Retina XDR display, aluminium build, and IP68 durability. Powered by the same 3-nanometer A18 chip as the iPhone 16 and 16 Plus, the device provides a powerful yet affordable smartphone experience. However, it falls short of its mainline siblings in key areas, such as camera quality.

Gold Prices Surge as ETFs Lure Funds and US Dollar Weakens

Gold traded just shy of last week's record as the US dollar eased, and investors weighed a surge in holdings of bullion-backed exchange-traded funds that could help prices challenge $3,000 an ounce. The precious metal has hit successive peaks this year, after climbing 27% in 2024, with mounting concerns over US President Donald Trump's disruptive trade and geopolitical agendas driving demand. Goldman Sachs Group Inc. last week raised its year-end target for the metal to $3,100, saying that central-bank buying would be a key driver.

Timing the Transition to Dividend Stocks for Retirement: Should He Choose SCHD?

A 49-year-old investor with a $1.2 million portfolio is weighing his options to transition from growth-focused stocks to income-generating dividend stocks, potentially impacting his retirement goals and overall financial security. The decision is complicated by concerns about timing and potential risks to the entire portfolio. This shift in investment strategy requires careful consideration of individual circumstances and long-term financial objectives.

Stock Market Showcases Resilience Amid Earnings and Policy Uncertainty

The stock market has demonstrated resilience in the face of recent slumps and uncertainty surrounding earnings and policy changes, with futures bouncing back from poor week's performances. Nvidia's recent earnings report highlighted the ongoing impact of the AI sector on investor sentiment, while the upcoming release of President Donald Trump's immigration policy is expected to further drive market volatility. Investors are now focusing on the first-quarter earnings season, which promises to bring more insights into the state of the economy.

Double Lung Transplant Gives Couple a Second Chance at Life Together

John Canning says he had to rely on oxygen 24 hours a day before he had the operation. It's like they've got a second chance, and they're taking every opportunity. The couple, from Leicestershire, can dance together again after John underwent a double lung transplant in April 2023.

Market Recovery on the Horizon as Investors Look Ahead to Earnings and Data Releases

US stock futures bounced back from a weak week with gains in tech stocks led by Nvidia's strong earnings report, boosting investor confidence ahead of a packed schedule of earnings releases and market data this week. The Dow's worst weekly performance since October has sparked fears of a pullback, but the rebound in futures suggests that investors are optimistic about the outlook for the coming week. With key economic indicators such as the PCE index and consumer confidence set to be released, traders will be keeping a close eye on market developments.

NETANYAHU SAYS ISRAEL WON'T ALLOW SYRIAN FORCES 'SOUTH OF DAMASCUS'

Israeli Prime Minister Benjamin Netanyahu says Israel will not allow Syria’s new army or the insurgent group that led the ouster of former President Bashar Assad to “enter the area south of Damascus” as his government made clear Israeli forces would stay in parts of southern Syria for an indefinite period. The comments from Netanyahu came after years of civil war and amid efforts by Syrian authorities to consolidate control over the region. Netanyahu's stance on the matter reflects the deep-seated concerns about Israel's security and its ability to protect its communities in the face of regional instability.

Downfall of a Japanese Star Marks Turning Point for Women's Rights?

The downfall of Masahiro Nakai has sparked outrage in Japan over claims of sexual violence, highlighting the country's long-standing culture of silence and impunity surrounding such incidents. The scandal has also exposed the media industry's complicity in perpetuating this culture, where women were expected to keep quiet to maintain their careers. As a result, several high-profile companies have pulled advertising from Fuji TV, which had previously allowed Nakai to continue presenting shows despite allegations against him.

Investing Indonesia's Future: $20 Billion Sovereign Wealth Fund to Drive Growth

Danantara Indonesia will invest $20 billion in a wide range of projects from metal processing to artificial intelligence, President Prabowo Subianto said on Monday, as he launched the country's new sovereign wealth fund. The fund is expected to manage more than $900 billion worth of assets to help drive development in Southeast Asia's largest economy and fulfil his promise of boosting growth to 8%. Danantara will be the country's second sovereign wealth fund after the Indonesia Investment Authority and will operate separately, its chief said.

Corn Prices See Surge as Speculators Build Massive Bets

Speculators are piling into Chicago corn futures, sending prices surging to a three-month high. The recent surge in bullish bets from money managers has lifted May corn futures by 3.6%, with the new net long position exceeding 350,000 contracts for the first time this year. Historically, early-season optimism among speculators typically precedes sharp selloffs, but past data suggests that massive reductions in positions can occur without immediate market reversals.