polybutmono While most of the stock market has performed well in recent months, some segments have not kept up. Notably, the transportation industry has struggled with lower demand and, more importantly, significantly higher operating and input costs. That trend is evident from air travel to ground package transportation. Fundamentally, the cost of paying transportation operators…
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Legal experts, including Ripple lawyer John E. Deaton, share Armstrong’s optimism, speculating that Coinbase will be a significant beneficiary of Binance’s regulatory challenges. Recent developments have thrust Coinbase Global Inc (NASDAQ: COIN) into the spotlight, positioning it as the frontrunner following regulatory challenges faced by its main rival, Binance. The collapse of FTX had already…
SweetBunFactory The chip packaging equipment maker’s profit nearly evaporated in the third quarter, marking its fifth consecutive quarter of declines. Leading Chinese chip packaging equipment maker ASMPT Ltd. (OTCPK:ASMVF)(OTCPK:ASMVY) [0522.HK] is getting caught in the latest downdraft sending a chill through the global chip sector after two bumper years during the pandemic. The company’s sales…
The ripple effect of the Chinese market plunge has extended to other major Asian markets, with Japan’s Nikkei 225 and South Korea’s Kospi also experiencing declines. China’s stock market has hit a significant low not seen since the pre-pandemic era, rattling investors as the country grapples with various economic challenges and regulatory scrutiny. The country’s…
Diy13/iStock via Getty Images Back in August, I wrote that the completion of the long-delayed Mountain Valley Pipeline (MVP) presented a significant opportunity for Equitrans (NYSE:ETRN), but there were still potential delay and cost overrun risks associated with the project. Earlier this week, the company pushed out the time line for the project and well…
FrankvandenBergh Overview The US dollar begins the new week on a firm note. It is trading at new highs for the year against the Japanese yen and is bid against nearly all the G10 currencies, though the Swedish krona and Canadian dollar are resisting the greenback’s push. Most emerging market currencies are heavier, with the…
Aside from the popular Apple and Samsung brands, Huawei is probably one of the few other companies that has designed its smartphone processor. Another threat may just have added to the number of issues that Apple Inc (NASDAQ: APPL) currently faces in China. Despite the pertinent geopolitical and economic threats to its existence in the…
thitivong Original Post By Stuart Burns Buyers who depend on imports for semi-finished materials or finished components will undoubtedly cheer the recent fall in freight rates. Indeed, global logistics costs peaked in late 2022. Now, buyers will soon see relief from the historic highs of the COVID-induced ocean freight-feeding frenzy. Indeed, few will shed a…