-
Nvidia's AI Growth Boosts Advantest's Strategic Position In AI Chip Supply Chain, Stock Shows Strong Correlation With Jensen Huang-Led Tech Giant
Thursday, January 9, 2025 - 11:19pm | 517Japanese semiconductor testing equipment maker Advantest Corp. (OTC:ATEYY) has emerged as a key beneficiary of the artificial intelligence boom, with its stock showing a remarkable 0.93 correlation coefficient with NVIDIA Corp. (NASDAQ:NVDA) over the past three years, highlighting its strategic...
-
Toyota 'Exploring Rockets,' Kicks Off Inventor City: Automaker Ready To Take On Elon Musk
Tuesday, January 7, 2025 - 8:01pm | 910Automaker Toyota Motor Corp (NYSE:TM) made its presence at the 2025 CES conference felt announcing new plans for the space sector and an update on its city for inventors. From Cars to Rockets: Toyota might be following in the footsteps of Tesla Inc (NASDAQ:TSLA) CEO Elon Musk by also getting into...
-
Chinese Bond Yields Fall Below 2% For First Time Amid Rising Deflation Concerns And US Dollar Surge Since Trump Victory
Friday, January 3, 2025 - 2:11am | 440Chinese government bond yields dropped below 2% for the first time ever, highlighting deepening concerns about deflation in the world’s second-largest economy as the U.S. dollar reaches new highs amid diverging economic trajectories. What Happened: The yield on China’s benchmark 10-year...
-
Nippon Steel Proposes Biden Government Veto Over US Steel's Production Output In Bid To Secure Acquisition
Tuesday, December 31, 2024 - 6:17pm | 475Nippon Steel (OTC:NPSCY) proposed granting the U.S. government veto power over reductions in U.S. Steel Corp’s (NYSE:X) production capacity in a bid to secure approval from President Joe Biden for its $14.9 billion acquisition of the American steelmaker. The Washington Post, which first...
-
Honda Stock Surges Nearly 14% On Buyback, Merger Talks With Nissan
Monday, December 23, 2024 - 11:01pm | 338Honda Motor Co. Ltd. (OTC:HNDAF) shares soared nearly 13.55% in Tokyo trading on Tuesday, marking their biggest one-day gain since 2008, after the Japanese automaker announced a massive share buyback plan and confirmed merger discussions with Nissan Motor Co. Ltd. (OTC:NSANY). While Honda shares...
-
Mohammed El Erian Says This Country Faces Japan-Style Economic Risk Even As Tokyo Rebounds
Monday, December 23, 2024 - 1:57am | 774Another country now faces a significant risk of economic stagnation warned veteran economist Mohamed A. El-Erian, in an X post, as the the major economic power’s short-term bond yields plummeted to a two-decade low on Friday. What Happened: The yield on one-year Chinese government debt...
-
Trump Says SoftBank's $100B Commitment To US Is 'Monumental Demonstration Of Confidence In America's Future'
Monday, December 16, 2024 - 1:39pm | 723Japanese company SoftBank (OTC:SFTBF)(OTC:SFTBY) announced a $100 billion investment and 100,000 jobs created in a commitment to the U.S. on Monday, confirming earlier reports. What Happened: SoftBank CEO Masayoshi Son made the announcement alongside President-elect Donald Trump at Mar-a-Lago...
-
Trump Policies To Kick BoJ Trade Back Into Gear: Is Japan The New Inflation Play?
Thursday, December 12, 2024 - 3:32pm | 611Ahead of next week's Bank of Japan (BoJ) meeting, investor sentiment is shifting back toward the ‘BoJ trade’ — a strategy that plays on long Japanese equities and banks, while shorting the yen and Japanese government bonds (JGBs). Despite recent reports suggesting the BoJ is unlikely to...
-
Japan's DMM Bitcoin Shuts Down Amid $320M Fraud, Plans To Transfer Assets To SBI Group
Sunday, December 1, 2024 - 9:59pm | 238Japanese Bitcoin (CRYPTO: BTC) and cryptocurrency exchange DMM Bitcoin will liquidate after a $321 million fraud in May crippled its operations, affecting 450,000 client accounts and 96.2 billion yen in assets. What Happened: By March, the exchange plans to transfer assets to SBI VC Trade, an SBI...
-
Dollar Snaps 8-Week Winning Streak, Falls To 1-Month Low Versus Yen As Traders Brace For Bank Of Japan Interest Rate Hike
Friday, November 29, 2024 - 10:36am | 738The U.S. dollar is poised to end an eight-week winning streak with its worst weekly drop since mid-August, as resilient European currencies and a surging Japanese yen pull the greenback lower. A currency-weighted gauge of the dollar, tracked by the Invesco DB USD Index Bullish Fund ETF (NYSE:UUP...
-
Dollar Powers To 4-Month Highs Against Yen: Trump Tariff Expectations Spark Carry Trade Frenzy
Wednesday, November 13, 2024 - 4:41pm | 892The U.S. dollar surged past 155.60 yen on Wednesday, hitting levels unseen in nearly four months. What Happened: Investors piled back into yen-dollar carry trades. The speculation is that the incoming Trump administration will aggressively hike tariffs on imports. Economists expect the planned...
-
Nvidia And SoftBank To Build Japan's Top AI Supercomputer On Blackwell Platform — Jensen Huang Says Tokyo Is 'Leaping Into The AI Industrial Revolution'
Wednesday, November 13, 2024 - 1:06am | 537Nvidia Corp (NASDAQ:NVDA) and SoftBank Group (OTC:SFTBF) (OTC:SFTBY) announced a partnership on Tuesday to establish Japan’s most powerful artificial intelligence supercomputer, marking a significant step in the country’s push to become a global AI powerhouse. What Happened: The...
-
Nvidia CEO Jensen Huang Doesn't Wear A Watch After A Gardner Taught Him The Secret Of Time
Monday, November 11, 2024 - 5:15pm | 608NVIDIA Corporation (NASDAQ:NVDA) CEO Jensen Huang doesn't wear a watch, which can sometimes be a status symbol of the rich and famous. Huang has watched his wealth soar in 2024 as Nvidia stock has increased substantially year-to-date. What Happened: Huang's wealth is up $84.8 billion in 2024, but...
-
Pokémon TCG Pocket Earns $12 Million In Four Days, Fueled By U.S. Downloads
Monday, November 4, 2024 - 3:36pm | 418Nintendo ADR‘s (OTC:NTDOY) Pokémon Trading Card Game (TCG) has once again demonstrated the franchise's enduring appeal, with its latest mobile entry, Pokémon TCG Pocket, raking in over $12 million in just four days since launch. According to estimates from Appmagic, published by MobileGamer....
-
Japanese Yen Hits 3-Month Low Against Dollar, Eyes Worst Month In 8 Years As Political Uncertainty Rises In Japan
Monday, October 28, 2024 - 4:58pm | 796The Japanese Yen, as tracked by the Invesco CurrencyShares Japanese Yen Trust (NYSE:FXY), weakened past 153.20 per U.S. dollar on Monday, marking its lowest level since late July 2024. The decline follows a significant political shakeup over the weekend, as Japan’s ruling coalition – the...