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Meta has made a blockbuster move in the AI arms race, committing $14.3 billion for a 49% non-voting stake in Scale AI, bringing its valuation to around $29 billion. As part of the deal, 28-year-old founder and CEO Alexandr Wang will join Meta to spearhead its “superintelligence” initiative—marking a significant pivot in the company’s AI strategy. What Scale AI…
Global markets tumbled on Friday, with the Dow plunging over 700 points after a major escalation in hostilities between Israel and Iran. Here’s an in-depth look at what happened, why it matters, and what it could mean moving forward: What Sparked the Sell-Off? Market Reactions at a Glance Why the Markets Reacted Sharply What Investors…
Posted on June 9, 2025, by Niftynews In a powerful reminder of the lingering friction between the world’s two largest economies, China exports to US plunged by 34.5% in May 2025, marking the steepest year-on-year decline since the COVID-era lows of early 2020. This massive drop in outbound shipments underscores the fragility of the recent trade…
India’s GDP grew by 7.4% in the January-March 2025 quarter, sharply up from 6.2% in the previous quarter, and significantly ahead of analyst expectations. The data signals a resilient economy even amid domestic consumption challenges and global uncertainties. With this, India continues to hold its position as the world’s fastest-growing major economy, despite a broader…
Posted on May 26, 2025, by Niftynews BYD shares fell sharply by as much as 8.25% on Monday, May 26, 2025, marking a sharp reversal from the stock’s record high just a week earlier. The steep decline followed the company’s unexpected announcement of aggressive price cuts on more than 20 electric and plug-in hybrid models. The…
Posted on May 16, 2025, by Niftynews The HPL stock surge captured investor attention on Friday morning, with Hotel Properties Limited (SGX: H15) climbing nearly 10% in active trading. By 11:30 a.m. on May 16, 2025, the counter had risen to S$4.72, up 9.2% from the previous day’s close, with over 350,000 shares traded—a sharp increase…
Posted on April 25, 2025, by Niftynews The Hang Seng Index climbed 0.72% on Friday, April 25, 2025, boosted by optimism around easing US-China trade tensions, impressive tech stock performance from Alibaba and Baidu, and renewed interest in Chinese real estate stocks. This positive momentum came in the wake of strong Wall Street gains, where the…
Posted on April 22, 2025, by Niftynews US anti-dumping duty developments sent Indian solar stocks higher on April 22, with Premier Energies and Waaree Energies leading the gains. The sharp surge came after the United States imposed steep tariffs on solar imports from four Southeast Asian countries, opening a new window of opportunity for Indian manufacturers….
Posted on April 17, 2025, by Niftynews The DAX Index opened on a positive note on April 17, 2025, rising 0.57% to 21,433 as markets priced in expectations of a European Central Bank (ECB) rate cut. But beyond the initial bounce, a mix of macroeconomic data, global trade tensions, and central bank signals are shaping the…
Posted on April 16, 2025, by Niftynews Solana Staking ETF has become a buzzword in the digital asset investment world with the historic launch of 3iQ Solana Staking ETF (TSX: SOLQ) on the Toronto Stock Exchange. This marks a pivotal moment—not just for Canadian investors—but for the broader North American crypto ETF market. With the Ontario…