Chinese artificial intelligence startup MiniMax is preparing for a major public debut in Hong Kong, with Alibaba Group Holding Ltd. and Abu Dhabi Investment Authority (ADIA) set to anchor the offering, reported Bloomberg, citing people familiar with the matter. The deal positions MiniMax at the forefront of a closely watched race among China’s generative AI
Micron stock price was in a relentless bull run in 2025, making it the top gainer in the Nasdaq 100 and S&P 500 indices. It jumped to a record high of $294, much higher than the year-to-date low of $62, with its market capitalization rising to over $331 billion. MU’s jump mirrored that of other
Gold prices bounced back on Tuesday from the previous session’s sharp losses as safe-haven demand boosted the market. Silver prices rebounded more than 7% after having plunged more than 10% on Monday. Meanwhile, crude oil extended gains as investors focused on rising geopolitical tensions in the Middle East, which raised fears of lower supply. Gold
The United States has granted an annual licence allowing Samsung Electronics and SK Hynix to import US chipmaking equipment to their China facilities for 2026. The development provides temporary relief from tightening export controls that threatened to disrupt the global memory supply chain. The approval, which replaces a broader exemption system expiring this week, offers
The Organization of the Petroleum Exporting Countries and allies are likely to proceed with their intended output pause during this weekend’s meeting, as evidence of a worldwide oil oversupply continues to mount, Bloomberg said in a report. A monthly video conference is scheduled for January 4, where key members, notably Saudi Arabia and Russia, will
The cryptocurrency industry faced a tumultuous year in 2025, as blockchain security incidents resulted in staggering financial losses. According to the latest report from SlowMist, a leading blockchain security firm, the sector recorded approximately 200 security incidents, leading to a total loss of $2.9 billion. This marks a significant increase in financial damage compared to
Raymond James is steering investors toward opportunities outside the artificial intelligence boom. In its latest note to clients, the firm highlighted stocks it believes are positioned for strong gains in 2026. Rather than chasing the AI-driven momentum that has dominated large-cap valuations, analysts emphasised companies in delivery, dining, and financial services. The strategy reflects a
China’s electric vehicle (EV) industry is accelerating its global expansion, with exports surging across emerging and developed markets, while domestic champion BYD appears poised to overtake Tesla as the world’s largest EV seller. The shift comes amid slowing demand for Tesla in key regions, changing subsidy regimes, and intensifying geopolitical and trade tensions around Chinese-made
Apple has been lagging in the AI race compared to the other tech giants. While other tech giants have raced ahead with improved AI chatbots, video-generating apps, and much advanced AI models, Apple has not been able to deliver with its AI improvements. A recent executive shakeup has also put Apple on the back foot
Oil prices jumped on Monday on potential disruptions in oil supply from the Middle East. At the time of writing, the price of West Texas Intermediate crude oil was at $58 per barrel, up 2.2%, while Brent was 2% higher at $61.44 a barrel. Both oil benchmarks had fallen more than 2% on Friday. Geopolitical