Broadcom (AVGO) stock is up, trading 4.28% higher at $348.27 at the time of writing, Wednesday morning, April 8, according to Yahoo Finance. The company settled an important question for many investors, and they are reacting positively. The question is, how secure are Broadcom’s revenue streams? ...
Broadcom (AVGO) stock is up, trading 4.28% higher at $348.27 at the time of writing, Wednesday morning, April 8, according to Yahoo Finance. The company settled an important question for many investors, and they are reacting positively. The question is, how secure are Broadcom’s revenue streams? ...
This picture taken on March 26, 2026 shows an oil tanker unloading crude oil at a port in Yantai, in China's eastern Shandong province. CN-STR | Afp | Getty Images Oil prices rose Thursday after Iran accused the United States of violating elements of a two-week ceasefire agreement, raising concerns that tensions could escalate again and disrupt energy supplies. International benchmark Brent crude ...
This picture taken on March 26, 2026 shows an oil tanker unloading crude oil at a port in Yantai, in China's eastern Shandong province. CN-STR | Afp | Getty Images Oil prices rose Thursday after Iran accused the United States of violating elements of a two-week ceasefire agreement, raising concerns that tensions could escalate again and disrupt energy supplies. International benchmark Brent crude futures for June delivery rose 2.52% to $97.14 while the U.S. West Texas Intermediate crude futures for May added 2.72% to $96.96 per barrel. The moves come a day after U.S. crude oil posted their biggest single-day drop since 2020. Mohammad Bagher Ghalibaf, Iran's parliamentary speaker, said on Wednesday that Washington had breached the terms of the ceasefire deal. "The deep historical distrust we hold toward the United States stems from its repeated violations of all forms of commitments — a pattern that has regrettably been repeated once again," Ghalibaf said in a statement posted on social media. Ghalibaf said three elements of Iran's 10-point truce proposal had been violated: Israel's ongoing strikes in Lebanon, a drone entering Iranian airspace, and what he described as the denial of Tehran's right to enrich uranium. U.S. President Donald Trump had said Tuesday stateside that Iran's proposal could serve as a basis for talks. Vice President JD Vance responded to the allegations while on a trip to Hungary on Wednesday. "Ceasefires are always messy," Vance said, addressing the reported drone incident in Iranian airspace. He added that Washington maintains Iran should not be allowed to enrich uranium, and said any ceasefire covering Lebanon had not been included in the agreement. Now that oil is below $100 per barrel, refiners should "use this window to resume more opportunistic buying," said Rystad Energy's vice president of commodity markets, Janiv Shah. "However, the transition period itself could present the next challenge. If refiners delay purchases in anticipation ...
The average one-year price target for MINISO Group Holding Limited - Depositary Receipt (NYSE:MNSO) has been revised to $18.78 / share. This is a decrease of 12.18% from the prior estimate of $21.38 dated February 23, 2026. The price target is an average of ma
The average one-year price target for MINISO Group Holding Limited - Depositary Receipt (NYSE:MNSO) has been revised to $18.78 / share. This is a decrease of 12.18% from the prior estimate of $21.38 dated February 23, 2026. The price target is an average of ma
Hong Kong food safety authorities have ordered an immediate halt to the sale of oysters from a French brand after the product was possibly linked to suspected gastroenteritis cases in the Netherlands. The Centre for Food Safety on Wednesday ordered the trade to suspend imports of raw oysters from the French brand Josephine that were produced and packed between March 5 and 25. Traders were instruct...
Hong Kong food safety authorities have ordered an immediate halt to the sale of oysters from a French brand after the product was possibly linked to suspected gastroenteritis cases in the Netherlands. The Centre for Food Safety on Wednesday ordered the trade to suspend imports of raw oysters from the French brand Josephine that were produced and packed between March 5 and 25. Traders were instructed to stop using or selling any affected batches still in stock. A spokesman said the authority had...
Nvidia Corp backed Australian AI infrastructure startup Firmus has secured $505 million in fresh equity funding, pushing its valuation to $5.5 billion. AI Infrastructure Demand Drives Fresh Capital The latest funding round was led by Coatue, with participation from Nvidia. The investment remains subject to closing conditions, Nikkei Asia reported on Tuesday. This marks Firmus' third equity raise i...
Nvidia Corp backed Australian AI infrastructure startup Firmus has secured $505 million in fresh equity funding, pushing its valuation to $5.5 billion. AI Infrastructure Demand Drives Fresh Capital The latest funding round was led by Coatue, with participation from Nvidia. The investment remains subject to closing conditions, Nikkei Asia reported on Tuesday. This marks Firmus' third equity raise in six months, bringing total capital raised during that period to $1.35 billion. The funding arrives
A two-week ceasefire between the United States and Iran is unlikely to significantly ease fuel prices in the near term without a complete end to the conflict, Hong Kong economists have warned, citing uncertainties in the volatile situation. Economist Simon Lee Siu-po of the Chinese University of Hong Kong’s Shenzhen Finance Institute said that uncertainties remained, adding that fuel prices were s...
A two-week ceasefire between the United States and Iran is unlikely to significantly ease fuel prices in the near term without a complete end to the conflict, Hong Kong economists have warned, citing uncertainties in the volatile situation. Economist Simon Lee Siu-po of the Chinese University of Hong Kong’s Shenzhen Finance Institute said that uncertainties remained, adding that fuel prices were still subject to volatility unless a permanent ceasefire was achieved. “There are lots of variables –...
China’s biopharmaceutical sector is seeing an uptick in deal-making, with sovereign wealth funds from Singapore and the United Arab Emirates joining Chinese state-backed investors to back next-generation drug developers. Shanghai-based Everest Medicines agreed to spend US$250 million to acquire a Singapore company holding rights to 14 chronic-disease treatments across the Asia-Pacific region, acco...
China’s biopharmaceutical sector is seeing an uptick in deal-making, with sovereign wealth funds from Singapore and the United Arab Emirates joining Chinese state-backed investors to back next-generation drug developers. Shanghai-based Everest Medicines agreed to spend US$250 million to acquire a Singapore company holding rights to 14 chronic-disease treatments across the Asia-Pacific region, according to a stock exchange filing on Wednesday. Its Singapore unit will acquire 100 per cent of...
Prime Minister Narendra Modi faces a key electoral test as voters in key Indian states head to the polls, with his handling of cooking gas shortages and industrial disruptions triggered by the Middle East crisis emerging as a central issue. The month-long regional polls kick off Thursday, with millions of voters across four states and a federally administered territory. Voting begins in Assam, Ker...
Prime Minister Narendra Modi faces a key electoral test as voters in key Indian states head to the polls, with his handling of cooking gas shortages and industrial disruptions triggered by the Middle East crisis emerging as a central issue. The month-long regional polls kick off Thursday, with millions of voters across four states and a federally administered territory. Voting begins in Assam, Kerala and the coastal Puducherry, followed by Tamil Nadu and West Bengal later in April. Results for all regions will be announced on May 4. While Modi’s Bharatiya Janata Party seeks to expand its foothold in states dominated by regional parties, the elections come as India faces an uncertain growth outlook after a surge in oil prices following US and Israeli strikes on Iran. A tentative ceasefire was announced this week, but the effective closure of the Strait of Hormuz, a key route for India’s oil imports, for over a month left Indian households and industries grappling with acute shortages of cooking gas. “There is a great deal of anxiety among people regarding shortage of fuel and we will have to see how it plays out when they are casting their votes,” said Rasheed Kidwai, a visiting fellow at the New Delhi-based Observer Research Foundation. “The Middle East crisis is worrying the government more than the opposition.” The BJP is also seeking to make significant gains in the eastern state of West Bengal, and in Tamil Nadu, one of India’s wealthiest states. It has never won power in either state. The elections will also test whether Modi’s development-led agenda can gain traction in southern India, where voters have been less receptive to the BJP’s messaging. The party’s mix of welfare delivery, Hindu nationalism and economic promises has worked well in more populous northern states. In the south, stronger social indicators, regional identities and dominant local parties have limited its appeal. Assam Assam has backed the BJP-led alliance in the past two elections, with ca...
S&P Slashes New Orleans' Credit Rating On "Structurally Imbalanced Operations" New Orleans, home to Mardi Gras and muffulettas, has been governed by Democrats for decades, so it should come as little surprise that S&P Global Ratings has slashed the city's obligation rating to the third-lowest level of investment grade and placed it on a negative outlook. S&P Global Ratings cut New Orleans' general...
S&P Slashes New Orleans' Credit Rating On "Structurally Imbalanced Operations" New Orleans, home to Mardi Gras and muffulettas, has been governed by Democrats for decades, so it should come as little surprise that S&P Global Ratings has slashed the city's obligation rating to the third-lowest level of investment grade and placed it on a negative outlook. S&P Global Ratings cut New Orleans' general obligation rating by one notch to BBB+ with a negative outlook, citing structurally imbalanced finances, shrinking reserves, and growing reliance on one-time desperate measures to meet cash needs. "The downgrade and negative outlook reflect the city's structurally imbalanced operations , declining reserves and liquidity , and need to rely on multiple one-time measures to meet short-term cash needs, including additional borrowing for operating liquidity," S&P Global Ratings analysts Alex Louie and Sarah Sullivant wrote in the report . The downgrade serves as a warning of worsening fiscal strain, with the city projecting a $160 million deficit in fiscal 2025 and continuing to rely on stopgap measures, including borrowing to maintain operating liquidity, tapping external funds, and maintaining hiring freezes and furloughs. The analysts continued, "Despite these measures, we believe the city still faces substantial challenges in achieving those goals and has a history of management projections not meeting actual audited results." In February, Moody's downgraded the city's credit rating by two notches to the bottom of investment grade and warned investors about risks to future bond sales amid a budget crisis. New Orleans' rapidly deteriorating credit profile comes as no surprise, given that Democrats have governed the metro area for a generation . Here is the list of the mayors: Helena Moreno, 2026 to present, Democrat LaToya Cantrell, 2018 to 2026, Democrat Mitch Landrieu, 2010 to 2018, Democrat Ray Nagin, 2002 to 2010, Democrat, after previously switching from the Republican ...