Browsing: Business

Moderna stock dropped 18% after the company slashed its 2025 revenue forecast by $1 billion, citing declining COVID vaccine demand, market competition, and other financial challenges.

China’s inflation fell to 0.1% in December, highlighting weak demand. Producer prices dropped for the 27th month, raising concerns over deflation despite Beijing’s attempts to revive consumption.

Nvidia stock dipped 6.2% after CES, but analysts emphasize the company’s AI leadership, highlighting advancements like the Blackwell AI processor and its partnerships in autonomous driving.

European markets fell Wednesday after EU economic sentiment data showed declines, raising growth concerns. Shell shares dropped 2.2% following lower LNG and chemicals forecasts.

ADNOC L&S completes an $1.04 billion acquisition of 80% of Navig8, strengthening its global maritime logistics footprint and setting plans to acquire the remaining stake by 2027.

U.S. stock futures extended gains for the third day, led by Nvidia’s rise after launching new chips. Analysts expect volatility ahead as investors await key economic reports this week.

Asian markets mixed as China stocks drop on weaker manufacturing, while Singapore’s GDP grew 4% in 2024, reflecting economic resilience amid global uncertainties and trade pressures.

Japan approved a record $730 billion budget for fiscal 2025, prioritizing defense and social programs to address security concerns and rising costs from its aging population.

The US launched a probe into China’s semiconductor industry over alleged anti-competitive practices, raising concerns about trade policies and supply chain vulnerabilities.

Oil prices rose Wednesday after U.S. crude inventories fell, but gains were capped as the Federal Reserve hinted at slower rate cuts. A stronger dollar also tempered optimism.