Next-generation Chinese electric-vehicle (EV) batteries that charge in minutes are expected to add fuel to global sales of the country’s carmakers. An EV battery that goes from a 10 per cent to a 98 per cent charge in under six-and-a-half minutes was the star of the Super Technology Day event staged in Beijing in April by the world’s biggest producer of batteries for EVs, Contemporary Amperex Tech...
Next-generation Chinese electric-vehicle (EV) batteries that charge in minutes are expected to add fuel to global sales of the country’s carmakers. An EV battery that goes from a 10 per cent to a 98 per cent charge in under six-and-a-half minutes was the star of the Super Technology Day event staged in Beijing in April by the world’s biggest producer of batteries for EVs, Contemporary Amperex Technology Ltd (CATL). Earlier, the world’s leading EV maker, Shenzhen-based BYD, unveiled a battery...
If you've ever wired money overseas, you know it's not nearly as easy as using fintech platforms like Zelle or PayPal 's (NASDAQ: PYPL) Venmo within the U.S. Indeed, moving money beyond the United States' border can be surprisingly complicated and time-consuming; these transactions are highly regulated. Nevertheless, the need is there, with some estimates putting the outbound (from the U.S.) amoun...
If you've ever wired money overseas, you know it's not nearly as easy as using fintech platforms like Zelle or PayPal 's (NASDAQ: PYPL) Venmo within the U.S. Indeed, moving money beyond the United States' border can be surprisingly complicated and time-consuming; these transactions are highly regulated. Nevertheless, the need is there, with some estimates putting the outbound (from the U.S.) amount alone at around $200 billion per year. Enter Remitly Global (NASDAQ: RELY) . Continue reading
rawintanpin/iStock via Getty Images Highlights During the first quarter of 2026, the largest portfolio sector weightings were Information Technology and Consumer Discretionary. The largest sector overweight was Information Technology and the largest sector underweight was Financials. The Financials and Industrials sectors contributed to relative performance while Consumer Discretionary and Energy ...
rawintanpin/iStock via Getty Images Highlights During the first quarter of 2026, the largest portfolio sector weightings were Information Technology and Consumer Discretionary. The largest sector overweight was Information Technology and the largest sector underweight was Financials. The Financials and Industrials sectors contributed to relative performance while Consumer Discretionary and Energy were among sectors that detracted from relative performance. Market Environment U.S. equities endured a turbulent first quarter, with the S&P 500 Index declining 4.33% as two distinct forces converged to reshape the investment landscape. The period began with a sharp recalibration across the software industry, as the emergence of agentic artificial intelligence ( AI ) tools raised questions about the durability of traditional software business models. Investors moved swiftly to reprice companies most exposed to AI disruption, triggering a broad sell-off that weighed heavily on the technology-heavy corners of the market. The dislocation also spilled into private credit, where several firms with outsized exposure to software faced redemption pressures. Despite this turbulence, the underlying economy remained strong through the opening months of the year — consumers continued to spend, and expectations held firm for another quarter of solid earnings growth within the S&P 500 Index. The second, and more consequential, disruption arrived in late February with the outbreak of the U.S.–Iran conflict and the subsequent closure of the Strait of Hormuz — a critical chokepoint through which roughly 20% of the world's seaborne oil transits. The resulting supply shock sent crude prices surging past $100 per barrel for the first time in four years, injecting potential inflationary pressure into an economy the Federal Reserve (Fed) had been carefully guiding lower. Higher energy costs complicated the Fed's rate-cutting path; markets entered the quarter pricing in two rate cuts in 2026 but...
Billionaire Patrick Drahi has reached an agreement to sell French mobile carrier SFR to a consortium of rival telecommunications firms, in a deal that values the company €20.4 billion ($23.5 billion) and will test regulators’ tolerance for consolidation. Bouygues Telecom , Orange SA and Iliad SA signed a memorandum of understanding with Drahi’s Altice France , the companies said in separate statem...
Billionaire Patrick Drahi has reached an agreement to sell French mobile carrier SFR to a consortium of rival telecommunications firms, in a deal that values the company €20.4 billion ($23.5 billion) and will test regulators’ tolerance for consolidation. Bouygues Telecom , Orange SA and Iliad SA signed a memorandum of understanding with Drahi’s Altice France , the companies said in separate statements over the weekend. The deal is subject to regulatory approval and could still fall apart. If approved, it would rank among the biggest telecoms deals in Europe in the last decade. The takeover would eliminate France’s fourth-largest telecommunications operator, splitting SFR’s assets and customers among the three other players and testing European regulators’ appetite for consolidation. Telecom groups on the continent have pushed for a relaxation of the European Union’s merger rules for years, arguing that intense competition limits their ability to generate returns to invest in new infrastructure such as 5G, fiber networks and data centers. While the EU has been receptive to calls to soften its competition rules to boost the bloc’s global competitiveness, the SFR deal will be a key test. In April, the EU announced plans to revamp its merger rules to favor combinations that boost innovation. Read More: EU Eases Merger Rules to Compete With US and Chinese Giants Orange shares rose as much as 2% in Paris on Monday to €17.80 before paring those gains. Altice France’s secured bonds due in 2030 edged up by one point, to 98 cents on the euro, according to Bloomberg pricing. The bonds of the three bidders were little changed. The bidders are aiming for completion in the second half of 2027, pending approvals, and said they won’t cut jobs until at least 2029. The deal must undergo an in-depth review by competition authorities, French economic minister Roland Lescure said in a statement on Sunday. “We will follow this operation with great attention, to ensure that essential iss...
(RTTNews) - AI chip maker Nvidia Corp. (NVDA) announced that it has signed a multiyear technology partnership with South Korean semiconductor supplier SK Hynix Inc. (000660.KS) to co-develop and advance next-generation memory for AI factories. Both companies will also apply AI to
(RTTNews) - AI chip maker Nvidia Corp. (NVDA) announced that it has signed a multiyear technology partnership with South Korean semiconductor supplier SK Hynix Inc. (000660.KS) to co-develop and advance next-generation memory for AI factories. Both companies will also apply AI to