Finance

The lucky investors who got in on the first trading day of Moore Threads quintupled their money by the close. Moore Threads’ blockbuster debut was not all that surprising considering that the Beijing-based chipmaker has been dubbed “China’s Nvidia,” a nod to the most valuable company in the world. Within …

American tech giant IBM announced last month the acquisition of Confluent, a pioneering company in data streaming, for $11 billion. The buyout will allow IBM to strengthen its AI platform and cloud offerings, thanks to the integration of Confluent’s real-time data technology. At $31 per share, IBM’s offer yields a …

Under the three-year licensing agreement with OpenAI, users will be able to access more than 200 copyrighted characters across Disney, Marvel, Pixar, and Star Wars, and make short videos using the Sora app. In addition, users will be able to turn word prompts on ChatGPT images into generated images drawing …

With an advanced technology infrastructure supporting a deep range of services for FX trading, hedging, analytics, and post-trade reporting, J.P. Morgan operates the most powerful FX franchise in North America. Over the past 20 years, the foreign exchange market has undergone a profound transformation. Once dominated by voice trading and …

Can the rest of the world challenge Beijing’s dominance of high-performance magnets, used in everything from consumer electronics to weapon systems, by developing new projects for mining, processing, and synthetic products? As China exploits its control over the global supply of high-performance magnet components, the rest of the world is …

Aclara Resources in October announced a $277 million plan to build a first-of-its-kind US heavy rare-earth separation facility in Louisiana, part of a $1.3 billion investment in rare-earth mines and processing plants across the US and South America. François Motte, CFO of Chilean-based Aclara Resources, explains the company’s vertical integration …

Social inflation, driven by litigation funding, looms as a global systemic risk. Recent earnings reports in the insurance industry underscore a looming challenge. Property and casualty insurer Travelers reported a higher profit in its third quarter ending in September, thanks to a rise in revenue and net written premiums. But …

Leisure and sportswear-maker Lululemon Athletica will start the year searching for a new chief executive, as CEO Calvin McDonald announced his departure during the company’s third-quarter earnings call in early December. McDonald steps down as CEO and board member effective January 31, but he will remain as a senior adviser …

Henrique Braun “is an American citizen who was born in California and raised in Brazil.” He’s also currently executive vice president and COO of Coca-Cola and will become the beverage giant’s new CEO effective March 31. Observers were quick to note the emphasis on Braun’s US citizenship in the company’s …

This year, Bulgarians will head to the polls. This election day will mark the eighth time since April 2021 that the Balkan nation has held parliamentary elections, securing its status as emerging Europe’s most politically volatile nation. However, the vote will be held just as Bulgaria should be celebrating its …