Finance

The surprising 2% jump in Moderna’s shares highlights not just a routine market reaction but a deeper shift in biotech innovation. Moderna’s positive late-stage trial results for its experimental flu vaccine demonstrate the company’s aggressive expansion beyond Covid-19. This creates a significant competitive edge, signaling that Moderna is no longer a one-trick pony but a
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China’s decade-long and heavy-handed crackdown on cryptocurrencies was once seen as a bold move to control financial risk and maintain monetary sovereignty. Yet, recent developments surrounding Hong Kong reveal the policy may be unraveling in unexpected ways. While mainland China strictly bans virtual asset trading, investors and institutions are increasingly using Hong Kong as a
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The electric vehicle (EV) market is increasingly resembling a fierce battleground, with industry giants competing not just for market share but also for consumer loyalty. In this ever-evolving landscape, Chinese tech powerhouse Xiaomi is pivoting from its smartphone roots to carve a niche in the automotive industry, directly challenging Tesla, the current leader in upscale
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AeroVironment has made waves in the stock market with a remarkable jump of over 22% following its fiscal fourth-quarter results that exceeded market expectations. Reporting earnings of $1.61 per share on revenues of $275.1 million, the defense contractor outperformed the analysts’ forecast of $1.38 per share and $241.5 million in revenue. This isn’t just a
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Carnival Cruise Line’s remarkable surge of nearly 7% on the day of its second-quarter earnings announcement epitomizes resilience in turbulent times. With an adjusted earnings report of 35 cents per share on revenue soaring to $6.33 billion—comfortably surpassing analysts’ predictions—Carnival stands as a beacon of hope against an otherwise tumultuous market backdrop. As spectators watched,
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Despite the escalating tensions in the Middle East, a surprising undercurrent of optimism continues to flow from Chinese business circles regarding the region. This phenomenon is noteworthy, especially considering the geopolitical turmoil and the dual-edged sword that international relations often wield. Chinese enterprises, buoyed by a steady increase in trade, are not merely weathering the
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