ScanTech AI Systems ( STAI ) said Monday that Nasdaq has issued a deficiency notice after the company’s publicly held shares fell below the $15 million minimum required under Nasdaq rules. In accordance with Nasdaq rules, the company has a 180-day compliance period, through August 3, 2026, to regain compliance. Shares of ScanTech AI Systems ( STAI ) fell over 30% in after-market trading. More on S...
ScanTech AI Systems ( STAI ) said Monday that Nasdaq has issued a deficiency notice after the company’s publicly held shares fell below the $15 million minimum required under Nasdaq rules. In accordance with Nasdaq rules, the company has a 180-day compliance period, through August 3, 2026, to regain compliance. Shares of ScanTech AI Systems ( STAI ) fell over 30% in after-market trading. More on ScanTech AI Systems Inc. ScanTech AI systems updates on Nasdaq compliance plan, announces reverse stock split Seeking Alpha’s Quant Rating on ScanTech AI Systems Inc. Financial information for ScanTech AI Systems Inc.
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Bangladesh’s oldest political party, prohibited from contesting elections this week, sees political instability persisting in the country and called on its supporters to boycott the polls, saying they aren’t credible. Sajeeb Wazed, the son of ousted former Prime Minister Sheikh Hasina and a top official in the Awami League, said Thursday’s election won’t resolve the country’s instability. The resu...
Bangladesh’s oldest political party, prohibited from contesting elections this week, sees political instability persisting in the country and called on its supporters to boycott the polls, saying they aren’t credible. Sajeeb Wazed, the son of ousted former Prime Minister Sheikh Hasina and a top official in the Awami League, said Thursday’s election won’t resolve the country’s instability. The result “will always be questionable,” he said in a phone interview from the US, where he is currently based. The Awami League previously won at least 30% of the popular vote in past elections, and groups like the Bangladesh Nationalist Party are now actively wooing those supporters to their side. By denying supporters the chance to vote for the party this week makes the outcome not “acceptable,” he said. Hasina fled Bangladesh in August 2024 after a wave of student protests against her regime turned violent, and a crackdown by government forces led to as many as 1,400 deaths, according to the United Nations. A tribunal in Bangladesh sentenced Hasina to death in absentia in November last year for crimes against humanity. Wazed acknowledged that Hasina’s government had made some mistakes in the way it handled the protests, calling the demands of the agitating students “legitimate” — a rare admission of lapses by an Awami official. He also said that the Awami League government “really, really failed to communicate,” which some opposition forces took advantage of to overthrow the government. Bangladesh is now governed by an interim administration headed by Nobel laureate Muhammad Yunus , which last year banned the Awami League from carrying out political activity citing national security and the need to protect witnesses in criminal trials. A spokesman for the Yunus’s government didn’t immediately respond to a request for comment. Hasina was Bangladesh’s longest-serving prime minister, winning successive elections since 2009. Under her tenure, millions in Bangladesh were lifted out...
Torsten Asmus Asian markets maintained their upward momentum on Tuesday, driven by a persistent tech rally and record-breaking gains in Japan. The Nikkei 225 reached new heights as the 'Takaichi trade' intensified following Prime Minister Sanae Takaichi’s decisive election victory. Sentiment was further bolstered by a positive session on Wall Street, by a rebound in the tech sector. Gold fell belo...
Torsten Asmus Asian markets maintained their upward momentum on Tuesday, driven by a persistent tech rally and record-breaking gains in Japan. The Nikkei 225 reached new heights as the 'Takaichi trade' intensified following Prime Minister Sanae Takaichi’s decisive election victory. Sentiment was further bolstered by a positive session on Wall Street, by a rebound in the tech sector. Gold fell below $5,030 per ounce on Tuesday as investors booked profits after prices climbed to an over one-week high in the previous session. Bangladesh has secured a reduced US tariff of 19%, down from 20%, under a trade agreement signed between the two countries on Monday, granting exemptions for some textiles and garments manufactured with US materials, as reported by Reuters. Singapore’s economy expanded 5% in 2025, easing from 5.3% growth in 2024 but exceeding the Ministry of Trade and Industry’s advance estimate of 4.8%. Japan ( NKY:IND ) surged 2.30% to above 57,200, while the broader Topix Index gained 1.4% to 3,836 on Tuesday . The Japanese yen held around 155.7 per dollar on Tuesday after gaining nearly 1% in the previous session, as renewed verbal intervention from Tokyo supported the currency following Prime Minister Sanae Takaichi’s landslide victory in Sunday’s general election. China ( SHCOMP ) rose 0.12% to around 4,130, while the Shenzhen Component inched up 0.05% to 14,215 on Tuesday, extending gains from the previous session as technology stocks rebounded for a second day , and the offshore yuan advanced 6.9 per dollar on Tuesday, nearing its highest level in thirty-four months, as momentum built after Chinese regulators urged banks to curb excessive exposure to US Treasuries. However, further gains were capped by caution ahead of Chinese CPI and PPI data, due later this week, before the Lunar New Year holiday begins on February 15. Hong Kong ( HSI ) rose 0.49% to 27,370 in Tuesday morning trade, continuing strong gains from the prior session and approaching a two-wee...
(RTTNews) - European stocks may open on a mixed note Monday after posting significant gains last week on the back of encouraging U.S. data releases. Asian markets traded mixed while U.S. stock futures inched higher, driven by optimism that the U.S. economy would dodge a recession and cooling inflation would kick off a cycle of interest rate cuts. Investors now look ahead to the release of minutes ...
(RTTNews) - European stocks may open on a mixed note Monday after posting significant gains last week on the back of encouraging U.S. data releases. Asian markets traded mixed while U.S. stock futures inched higher, driven by optimism that the U.S. economy would dodge a recession and cooling inflation would kick off a cycle of interest rate cuts. Investors now look ahead to the release of minutes from the Fed's most recent meeting on Wednesday and Federal Reserve Chair Jerome Powell's Jackson Hole, Wyoming, speech on Friday, for more clarity on the possibility of easing in September. In an interview with the Financial Times published on Sunday, San Francisco Federal Reserve Bank President Mary Daly noted that it is time to consider adjusting borrowing costs. Separately, Chicago Fed President Austan Goolsbee stated in a CBS interview that maintaining high rates for too long might create a problem on the employment side of the Fed's mandate. Sweden's central bank is expected to cut rates by 50 basis points this week. Policy announcements from the Bank of Korea, Bank Indonesia and People's Bank of China are also due this week. The dollar was undermined by dovish Fed expectations in Asian trading. Gold traded weak around $2,500 per ounce while oil extended losses from the previous session on China demand concerns. U.S. stocks fluctuated before finishing modestly higher on Friday, booking their best weekly advance since November as recession worries eased and hopes grew for a Federal Reserve rate cut in September. Separate data revealed U.S. residential construction slowed in July 2024 with permits and starts declining. The three major averages all rose around 0.2 percent as a survey showed consumer sentiment rose in August and inflation expectations remained unchanged over the next year and beyond. European stocks rose for a fourth straight session on Friday and posted solid gains for the week on optimism over potential U.S. rate cuts. The pan European STOXX 600 gained ...