News
Important Only
Tesla Is Back on the Growth Track: Musk Vows to Step Back from Politics and Focus on Building the Business
TradingKey - After months of intense political engagement through the U.S. Department of Government Efficiency (DOGE), Tesla (TSLA) CEO Elon Musk has come to realize the risks of politicizing the Tesla brand.
TradingKey
Wed, May 21
UK inflation jumps in April, raising prospect of BoE rate cut delay
UK annual inflation rate hits 3.5% in AprilSurge is bigger than economists and Bank of England predictedHuge increase in Easter airfares pushes up services pricesInvestors push back Bank of England rate cut betsBy Andy Bruce and William Schomberg May 21 (Reuters) - Britain suffered a bigger-than-...Reuters
Wed, May 21
New-Energy Storm in Hong Kong Stocks: CATL’s Hong Kong Debut Sees 9.8% Rise, BYD Hits a New High
Tradingkey - As of press time, CATL's share price closed up 9.8% at 336.0HKD/share. Driven by the positive sentiment from CATL's Hong Kong IPO debut, BYD's Hong Kong stocks rose 4.54% at one point on Wednesday, setting a new record high.TradingKey
Wed, May 21
Warby Parker Shares Surge 16% As Google Injects $150 Million—A Major Shake Up in the Smart Glasses Market
TradingKey - During the Google I/O 2025 conference, Google (NASDAQ: GOOGL) announced it will invest up to $150 million in consumer eyewear brand Warby Parker (NYSE: WRBY). The two companies will collaborate on developing AI smart glasses powered by Android XR.
TradingKey
Wed, May 21
Wolfspeed price tumbled 60% after hours, is the silicon carbide giant going bankrupt?
TradingKey - Silicon carbide giant Wolfspeed (WOLF) stock price peaked at $142.33 in January 2021,and has been on the downtrend ever since. On May 20, Wolfspeed's stock price fell by about 60% in after-hours trading, halving again to $1.37.TradingKey
Wed, May 21
China, ASEAN complete negotiations on upgraded free trade deal
HONG KONG, May 21 (Reuters) - China and the Association of Southeast Asian Nations (ASEAN) have completed negotiations to further refine their free trade area to include the digital and green economy and other new industries, China's commerce ministry said on Wednesday.Reuters
Wed, May 21
Japan's super-long yields rise to all-time highs on fiscal, auction concerns
By Rocky SwiftTOKYO, May 21 (Reuters) - Yields on long-dated Japanese government bonds rose to new records on Wednesday in the wake of a poor auction result that cast doubt over debt sales looming in the weeks ahead. Super-long yields have been on the rise, following U.S. Treasury yields higher an...Reuters
Wed, May 21
South Korea vows more policy support, including for drugmakers, as US tariffs weigh
SEOUL, May 21 (Reuters) - South Korea pledged on Wednesday more support measures for key export industries such as biopharmaceuticals and autos, as U.S. President Donald Trump's sweeping tariffs weigh on the trade-reliant economy.Reuters
Wed, May 21
BYD shares soar to record high; Citi hikes PT on export strength
Investing.com-- BYD Co Ltd (SZ:002594) (HK:1211) shares rose to a record high in Hong Kong trade on Wednesday, with Citi hiking its price target on the Chinese electric vehicle maker on the grounds that it was best positioned to benefit from stronger exports.Investing.com
Wed, May 21
Taiwan's Foxconn says AI data centre with Nvidia to have 100 MW of power
TAIPEI, May 20 (Reuters) - Taiwan's Foxconn 2317.TW, the world's largest contract electronics maker, said on Tuesday an artificial intelligence centre it has announced with Nvidia NVDA.O will be built in phases and is targeted to have 100 megawatts of power.
Reuters
Wed, May 21
Nvidia CEO praises Trump move to scrap some AI export curbs
TAIPEI, May 21 (Reuters) - U.S. export controls on artificial intelligence chips to China were "a failure" as they have cost American companies billions of dollars in lost sales, Nvidia NVDA.O Chief Executive Jensen Huang said on Wednesday.Reuters
Wed, May 21
Japan's exports slow, shipments to US fall as tariffs bite
April exports rise 2% yr/yr, matches forecastExport to US fall 1.8% yr/yr on drop in automobile shipmentsJapan's trade surplus with US rises for 4th straight monthData highlight risks to economy from US tariffsBy Leika Kihara TOKYO, May 21 (Reuters) - Japan's export growth slowed in April...Reuters
Wed, May 21
Slow exports of China’s rare-earths are threatening global supply chains
China’s move to ease its new export controls on rare earths has begun, but industry participants warn the approvals are coming too slowly to keep global supply chains running. China’s rare-earth controls may be a strategic response to US tariffs.Slow license approvals would affect Western companies.Cryptopolitan
Wed, May 21
