Peter Oppenheimer, chief global equity strategist at Goldman Sachs, discusses the impact of war in the Middle East on inflation, the economy and equity markets. "Financial conditions have been tightening globally about 0.3 since this conflict started, and that's another route to which it can affect confidence and equity valuations, at least in the nearer term," Oppenheimer tells Bloomberg Televisi...
Peter Oppenheimer, chief global equity strategist at Goldman Sachs, discusses the impact of war in the Middle East on inflation, the economy and equity markets. "Financial conditions have been tightening globally about 0.3 since this conflict started, and that's another route to which it can affect confidence and equity valuations, at least in the nearer term," Oppenheimer tells Bloomberg Television. (Source: Bloomberg)
Guests look at a Tesla Cybertruck at the “Cyber Rodeo” grand opening celebration for the new $1.1 billion Tesla Giga Texas manufacturing facility on Thursday April 7, 2022. Jay Janner / American-Statesman A Cybertruck operating with Tesla Inc.’s Autopilot feature allegedly attempted to drive off a Houston overpass, injuring the driver, according to a recently filed lawsuit. The driver, Houston res...
Guests look at a Tesla Cybertruck at the “Cyber Rodeo” grand opening celebration for the new $1.1 billion Tesla Giga Texas manufacturing facility on Thursday April 7, 2022. Jay Janner / American-Statesman A Cybertruck operating with Tesla Inc.’s Autopilot feature allegedly attempted to drive off a Houston overpass, injuring the driver, according to a recently filed lawsuit. The driver, Houston resident Justine Saint Amour, was in a Cybertruck in August 2025 when the Autopilot-controlled vehicle drove straight into a concrete barrier on a Y-shaped overpass on 69 Eastex Freeway. The vehicle was expected to follow a curve to the right, but when it failed to do so, she disengaged the driver-assistance feature. Still, “it was too late” once she took control of the wheel and the vehicle crashed into the barrier, the lawsuit claims. Advertisement Article continues below this ad The lawsuit, filed in Harris County District Court in late February, came as Tesla was facing accusations from California regulators over misleading advertising for the name “Autopilot.” The Austin-based automaker responded by suing the California Department of Motor Vehicles to reverse the ruling, but still adjusted the name. Navigate on Autopilot is now referred to as “Navigate on Autosteer.” The incident allegedly caused serious injuries to Saint Amour's right shoulder, neck and back. She was diagnosed with two herniated discs in her lower back, a herniated disc in her neck, sprained tendons in her wrist, and neuropathy causing numbness, tingling, and weakness in her right hand, attorneys at Hilliard Law said. She is seeking monetary relief exceeding $1 million over Tesla's alleged negligence tied to misrepresenting the abilities of Autopilot and failing to incorporate features such as lidar or more effective emergency braking systems, among other acts and omissions. Statesman Logo Want more Statesman? Make us a Preferred Source on Google to see more of us when you search. Add Preferred Source “T...
In this article Follow your favorite stocks CREATE FREE ACCOUNT Oil prices jumped to their highest levels in months on Monday as Iran and Israel escalated attacks in the Middle East, disrupting shipments from the region. Bloomberg Creative Photos | Bloomberg Creative Photos | Getty Images Oil prices rose on Friday morning, wiping out an earlier dip that had boosted sentiment in international equit...
In this article Follow your favorite stocks CREATE FREE ACCOUNT Oil prices jumped to their highest levels in months on Monday as Iran and Israel escalated attacks in the Middle East, disrupting shipments from the region. Bloomberg Creative Photos | Bloomberg Creative Photos | Getty Images Oil prices rose on Friday morning, wiping out an earlier dip that had boosted sentiment in international equity markets. By 5 a.m. ET, global benchmark Brent crude futures added 2.3% to trade at $87.34 a barrel, while West Texas Intermediate crude futures were 4.5% higher at $84.64 a barrel. Stock Chart Icon Stock chart icon Crude oil prices Prices dipped overnight as investors continued to assess the impact of the U.S.-Iran war on global energy supply. This is a developing story. Please refresh for updates.
China has for the first time included commercial health insurance in its 2026 government work report, signalling efforts to strengthen the country’s social safety net and support the growth of innovative drugs and medical devices On Thursday, Chinese Premier Li Qiang said the government would “work faster to develop commercial health insurance” and promote the “high-quality development of innovati...
China has for the first time included commercial health insurance in its 2026 government work report, signalling efforts to strengthen the country’s social safety net and support the growth of innovative drugs and medical devices On Thursday, Chinese Premier Li Qiang said the government would “work faster to develop commercial health insurance” and promote the “high-quality development of innovative drugs and medical devices” to better meet people’s diverse needs. Behind the unusual emphasis were an ageing population and slower government revenue growth, analysts said. Healthcare expenditure in China reached more than 9 trillion yuan (US$1.3 trillion) in 2023, growing at a compound annual rate of 9.9 per cent since 2014, according to a July 2025 report by Swiss Re Institute. Advertisement Further increases were projected, driven by greater use of medical services and rising drug and treatment costs. However, the annual surplus of the basic medical insurance fund fell for two consecutive years to 470 billion yuan in 2024, the report said. “It will become harder for the state to carry that burden through basic public insurance alone,” said Anthony W. D. Anastasi, assistant professor of economics at the Sino-British College, University of Shanghai for Science and Technology. Chinese Premier Li Qiang says China will promote the “high-quality development of innovative drugs and medical devices” to better meet people’s diverse needs. Photo: AFP Official data showed that China’s mandatory basic medical insurance covered more than 95 per cent of the population. Yet individuals, particularly those in middle-income and high-income groups, were increasingly seeking treatments and services beyond what was available under the basic coverage, according to Song Lynn, chief economist for Greater China at ING Bank.
March 6 (Reuters) - Marvell Technology shares surged nearly 12% before the opening bell on Friday as investors bet on strengthening demand for its AI-focused custom chips and interconnect technologies following an upbeat long-term forecast. AI‑chip spending has accelerated industry-wide. Broadcom, a key supplier of custom accelerators and networking silicon, this week projected more than $100 b...
March 6 (Reuters) - Marvell Technology shares surged nearly 12% before the opening bell on Friday as investors bet on strengthening demand for its AI-focused custom chips and interconnect technologies following an upbeat long-term forecast. AI‑chip spending has accelerated industry-wide. Broadcom, a key supplier of custom accelerators and networking silicon, this week projected more than $100 billion in AI chip sales next year, underscoring demand widening beyond Nvidia and deepening hyperscaler build-outs. Marvell on Thursday said it expects fiscal 2028 revenue to grow nearly 40% to $15 billion, above analysts' average estimate of $12.92 billion, according to LSEG data. It also raised its fiscal 2027 outlook to more than 30% year-over-year growth, nearing $11 billion. "Emphatic long-term guidance is credible and worth buying in (the stock)," said Morningstar analyst William Kerwin. Capital spending on AI infrastructure by Alphabet, Meta, Microsoft and Amazon is expected to exceed $630 billion this year, boosting demand for Marvell's custom ASICs and high-speed interconnect technologies that shuttle data between AI processors, memory and servers. That spending is "still growing massively," President and COO Chris Koopmans said. ASICs, or application‑specific integrated circuits, are chips tailored for a single function or custom workload, offering higher efficiency than general‑purpose graphics processing units. "We expect further penetration of custom XPUs at large AI customers like AWS and Microsoft, along with greater optical content in data centers, over the next five years," Kerwin added. For the first quarter, Marvell forecast revenue of $2.40 billion, plus or minus 5%, above estimates of $2.27 billion, with contributions from newly acquired Celestial AI and XConn Technologies. Analysts say Marvell is set for a strong run in its data-center business, on rising demand for its optical DSP chips that power high-speed links inside AI servers and a...
Available for over a year Today, your questions answered on the US-Israel war with Iran. Adam and Chris are joined in the studio by Panorama film maker Jane Corbin and Chief International Correspondent Lyse Doucet to answer Newscasters questions. Have the US underestimated Iran? Will Keir Starmer’s approach work? What role could the Iranian army play? You can now listen to Newscast on a smart spea...
Available for over a year Today, your questions answered on the US-Israel war with Iran. Adam and Chris are joined in the studio by Panorama film maker Jane Corbin and Chief International Correspondent Lyse Doucet to answer Newscasters questions. Have the US underestimated Iran? Will Keir Starmer’s approach work? What role could the Iranian army play? You can now listen to Newscast on a smart speaker. If you want to listen, just say "Ask BBC Sounds to play Newscast”. It works on most smart speakers. You can join our Newscast online community here: https://bbc.in/newscastdiscord Get in touch with Newscast by emailing newscast@bbc.co.uk or send us a WhatsApp on +44 0330 123 9480. New episodes released every day. If you're in the UK, for more News and Current Affairs podcasts from the BBC, listen on BBC Sounds: https://bbc.in/4guXgXd Newscast brings you daily analysis of the latest political news stories from the BBC. The presenter was Adam Fleming. It was made by Jack Maclaren with Jem Westgate. The social producer was Beth Pritchard . The technical producer was Dafydd Evans. The assistant editor is Chris Gray. The senior news editor is Sam Bonham. Programme Website
The euro-area economy expanded less than initially reported at the end of last year, with trade weighing on growth. Fourth-quarter gross domestic product rose 0.2% from the previous three months, worse than the preliminary estimate of 0.3%, Eurostat said Friday. Household consumption made the biggest positive contribution, with public spending and investment also helping. Whether the 21-nation blo...
The euro-area economy expanded less than initially reported at the end of last year, with trade weighing on growth. Fourth-quarter gross domestic product rose 0.2% from the previous three months, worse than the preliminary estimate of 0.3%, Eurostat said Friday. Household consumption made the biggest positive contribution, with public spending and investment also helping. Whether the 21-nation bloc can keep growing now hinges on events in Iran, where US and Israeli attacks have already sent energy prices soaring. The fear is that inflation picks up and economic activity is curbed. Much will depend on how long the fighting lasts. The war adds further uncertainty to Europe’s prospects after a ruling by America’s Supreme Court threw Donald Trump ’s tariffs into question. Policymakers who’ve spoken since the US campaign in Iran started have argued that it’s too soon to pass judgment on the economic implications. Bundesbank President Joachim Nagel reckons the inflation implications are a bigger concern than those for growth, and that the European Central Bank will decide on any action when it meets in two weeks. In December, the ECB predicted gains in consumer prices would remain just below 2% this year and next, before reaching the target in 2028. Growth was seen accelerating to 1.4% from 1.2% in 2026. ECB Saw 2% Rates Allowing Enough Flexibility to React to Shocks Euro-Zone Inflation Unexpectedly Rises as Iran Risks Swirl Euro-Zone Unemployment Unexpectedly Declines to Record Low
Schroptschop Euro Area GDP expanded 0.20% in Q4 2025 over the previous quarter, missing estimates of 0.3%. GDP figures grew 1.2% Y/Y in Q4, missing the consensus of 1.3%. In 2025, the real GDP of the EU increased by 1.5%, after an increase of 1.1% in 2024. More on Euro Area EUR/USD: NFP Looms As 1.1578 Support Faces Critical Test EUR/USD: Trapped At 1.1800 As Euro Area Inflation Cools Significantl...
Schroptschop Euro Area GDP expanded 0.20% in Q4 2025 over the previous quarter, missing estimates of 0.3%. GDP figures grew 1.2% Y/Y in Q4, missing the consensus of 1.3%. In 2025, the real GDP of the EU increased by 1.5%, after an increase of 1.1% in 2024. More on Euro Area EUR/USD: NFP Looms As 1.1578 Support Faces Critical Test EUR/USD: Trapped At 1.1800 As Euro Area Inflation Cools Significantly... What Next? Beyond The Rate Hold: Examining The ECB's Path Forward Amidst Euro Strength European indexes gain as oil market rally takes a breather European markets dip over escalating concerns of conflict with Iran
Vietnam’s richest man Pham Nhat Vuong handed the reins of his EV taxi company Green & Smart Mobility JSC to his wife, Pham Thu Huong, who has been named chairwoman of the business, according to news website VnExpress. The appointment comes as GSM, known domestically as Xanh SM, weighs an international initial public offering that could value the company at about $20 billion. Read More: Vietnam’s G...
Vietnam’s richest man Pham Nhat Vuong handed the reins of his EV taxi company Green & Smart Mobility JSC to his wife, Pham Thu Huong, who has been named chairwoman of the business, according to news website VnExpress. The appointment comes as GSM, known domestically as Xanh SM, weighs an international initial public offering that could value the company at about $20 billion. Read More: Vietnam’s GSM Weighs Overseas IPO, Eyes $20 Billion Market Value GSM, which deploys electric vehicles produced by Vuong’s VinFast Auto Ltd. , is a leading Vietnamese ride-hailing operator plotting aggressive overseas expansion. GSM has moved beyond its borders into Laos, Indonesia and the Philippines, and is expected to enter India, where VinFast recently opened an EV manufacturing facility. GSM is 95% owned by Vuong. Huong replaces Phan Thanh Long, who will stay on as CEO of GSM, according to the report, which cited the company. Read More: Vietnam Tycoon Who Bet $14 Billion on EVs Pins Comeback on Asia