ASX eyes gains, Wall Street steadies as AI stocks rebound
AI stocks bounced back and recovered some of their sell-off from the previous two sessions.
· Stan Choe
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America’s favorite Christmas markets revealed, and one in NYC wins by a mile
Festive Christmas markets nationwide are skipping right past Thanksgiving.
· Andrea Palladino
Could Nvidia's Spy Scandal Force Jensen Huang To Resign?
Could Nvidia's Spy Scandal Force Jensen Huang To Resign? Submitted by QTR's Fringe FinanceWell, this certainly wasn’t on anybody’s bingo card.Nvidia CEO Jensen Huang has found himself at the center of an extraordinary espionage controversy, following reports by FT and others that a Chinese businesswoman with whom he…
· Tyler Durden
PPI Vs CPI: Are Record Profit Margins About To Get Squeezed?
PPI Vs CPI: Are Record Profit Margins About To Get Squeezed? Authored by Lance Roberts via RealInvestmentAdvice.com,The PPI vs CPI gap is the widest since 2022, and history says record profit margins are in the crosshairs...Key TakeawaysProducer prices rose 6.3% in the year to September 2026, the fastest pace since …
· Tyler Durden
The case for a Gulf railway has never been stronger | The National
The arguments for the six-nation project are compelling but must get over the obstacles of the past
· The National Editorial
Sheikh Mohammed says UAE nine-month trade jumps to Dh3tn despite headwinds | The National
Performance underpinned by deepening trade relations in the face of geopolitical challenges
· Sarmad Khan
IRGC dismisses new US plan to tighten economic pressure on Iran as 'wordplay'
IRGC dismisses new US plan to tighten economic pressure on Iran as 'wordplay' The US cannot achieve its goals of blockading Iran's economy and shutting its trade routes because Tehran has made preparations and communicates closely with neighbours, a Revolutionary Guards spokesperson was quoted as saying on Sunday. H…
· Middleeasteye
Crypto’s Trump-fuelled Washington boom comes to an abrupt halt
With Democrats set to control Congress following their midterm sweep, crypto faces the prospect of tougher rules and closer scrutiny.
· Teresa Xie, Scott Patterson
China urged to target sugar-rich drinks during consumption tax overhaul
China has been urged to stop keeping beverage makers sweet and instead declare war on sugar-rich drinks through taxation, as the country moves to align its regulatory framework with global health promotion trends. A sugar tax has been proposed by experts and state media outlets, who argue that an ongoing overhaul of…
· Frank Chen
DHL to boost network in eastern UAE amid regional uncertainty | The National
German company's freight unit will strengthen its position near Khor Fakkan and Fujairah, MEA chief executive says
· Alvin R Cabral
Hong Kong investors look to Swiss Alps as they diversify property holdings
Some wealthy Hong Kong investors are looking beyond Asia for property, as they seek to diversify their holdings across currencies and jurisdictions as part of a broader approach to wealth preservation. The Swiss Alpine resort village of Andermatt offers one example of the appeal. Prime residential prices there rose …
· Peggy Ye
Cathie Wood 'always feels better when the market is worried' — here's why
The Ark Invest CEO said there was a "wall of worry" gripping markets right now.
· Chloe Taylor
Hong Kong makes further in-roads in AI, aviation at mainland Chinese expo
Hong Kong is forging deeper ties with the mainland across artificial intelligence (AI), aviation and professional services, industry insiders at China’s global import expo have said. Tech executives and accounting veterans discussed how to leverage Hong Kong’s strategic position, such as through the Northern Metropo…
· Lam Ka-sing
Robots’ arrival set to give Chinese asparagus farmers a boost
In the flat, typhoon-prone fields of Lianshui county in eastern China’s Jiangsu province, a once-obscure vegetable has become a local economic engine. Greenhouses for growing asparagus now cover more than 1,333 hectares (3,294 acres), produce 50,000 tonnes (55,116 short tons) a year and generate over 1 billion yuan …
· Mandy Zuo
A single fraud charge led us to a black market operating in plain sight
Black markets usually operate in the shadows, but a single fraud charge exposed one thriving in plain sight. Welcome to the world of demerit point trading.
· Tom Hartley
Paraguay’s ousted president charged over banking scandal
Santiago Pena was impeached over the collapse of Ueno Bank, which left millions unable to access their accounts.
· Al Jazeera Staff
House prices wouldn’t be falling so fast if Albanese was a man of his word
Imagine how a first-time buyer who bought into the five per cent deposit scheme feels owing 95 per cent on an asset that’s losing value thanks to the backflip on negative gearing.
· Parnell Palme McGuinness
New Zealand counts votes in tight race
WELLINGTON — New Zealand began counting the votes on Saturday in one of the closest elections in its history, with none of the parties expected to secure a majority of seats after a campaign dominated by worries over rising costs of living and the economy.
· Agence France-Presse
Berkshire's Post-Buffett Era Gets Off To Rocky Start As AI Bets Stumble
Berkshire's Post-Buffett Era Gets Off To Rocky Start As AI Bets Stumble With Warren Buffett gone for not even a year, Berkshire Hathaway is already facing questions over its investment decisions. Under new CEO Greg Abel, the conglomerate has made a multibillion-dollar push into artificial intelligence, only to see s…
· Tyler Durden
Canada First: Democrats Aim The Opening Shot Of Their Tariff Rollback At Trump's Smoot-Hawley Levies... But Veto Math Says Good Luck
Canada First: Democrats Aim The Opening Shot Of Their Tariff Rollback At Trump's Smoot-Hawley Levies... But Veto Math Says Good Luck Three days after a blue tsunami swept both chambers, Democrats have picked their first trade fight, and it's the one they have already won three times.According to the WSJ, Democrats a…
· Tyler Durden
Author Claims CIA Began Dropping Armed Commandos Into Ukraine In 1947 To Stoke Guerilla Uprising Against Soviets
Author Claims CIA Began Dropping Armed Commandos Into Ukraine In 1947 To Stoke Guerilla Uprising Against Soviets Stephen Kinzer, the author and Brown University senior fellow, told Bannon's War Room on Thursday that the CIA began "dropping armed commandos into Ukraine" in 1947 "with the goal of fomenting a guerrilla…
· Tyler Durden
Trump may have lost but don’t bet Democrats can fix the economy
There’s not much they can do over the next couple of years to alleviate angry voters’ stress over pricesIt was the economy, again. Although Donald Trump largely ignored it, voters’ acute concerns over the rising cost of living fuelled a political upheaval for the ages that is likely to deliver the biggest swing towa…
· Eduardo Porter
Guam delegate-elect praises Filipinos
GUAM — Guam delegate-elect Alicia Garrido Limtiaco clarified that she is CHamoru and not Filipino, but stressed that Filipinos hold a special place in her heart and in Guam, where generations of Filipino families helped shape the island's history, economy, and culture.
· Mark Rabago
Lee hails Korea’s first persimmon export to China in 17 years
President Lee Jae Myung pledged to actively back the opening of new export markets to boost the agricultural industry, following South Korea’ first persimmon shipment to China after 17 years of negotiations. Writing on social media platform X Saturday, Lee highlighted that Korean persimmons are making their entry in…
· Byun Hye-jin
New Zealand election early count shows two main parties near deadlocked
With just over a quarter of votes counted, both major parties were polling just under 30%, separated by a few thousand votes, in an election dominated by a struggling economy.
· REUTERS
US buyers at China’s largest trade fair soar over 20% after Xi-Trump meeting
The number of European and American buyers attending China’s largest trade fair rose sharply this autumn, though exporters on the floor said economic headwinds in the West continued to act as a drag on deal making. Attendees from the European Union and United States at the latest edition of the Canton Fair, which co…
· He Huifeng
Just like cars, Chinese motorcycles out to conquer Europe
RHO, Italy — Just as with electric cars, Chinese motorcycle brands are roaring into European markets, with high-performance, cut‑price models starting to make a name for themselves.
· The Manila Times
Donald Trump’s humiliation is an opportunity for America
US voters have done their job, now politicians have to do theirs. But Trump is not a man who likes to be left out.
· The Economist
Chinese tourist arrivals in Thailand fall 13.6% in October after embassy safety warning
Chinese arrivals in Thailand, normally a popular tourist destination, declined in October partly because of a fresh embassy warning against dangers such as getting snared by the country’s ever-active fraud rings. The Southeast Asian country logged 308,942 arrivals from China last month, 13.6 per cent lower than the …
· Ralph Jennings
US Treasury sanctions eight Canadian money exchange firms over Iran ties
US Treasury claims firms helped sanctioned Iranian entities and handled funds linked to alleged drug trafficking boss.
· Al Jazeera Staff
Trump's 'Doomsday Plane' Left Nebraska And Flew East Across America - Nobody Is Saying Why
Trump's 'Doomsday Plane' Left Nebraska And Flew East Across America - Nobody Is Saying Why The Air Force's E-4B "Nightwatch," the airborne command post built to run a nuclear war, took off from Offutt Air Force Base in Nebraska on Thursday and flew east across the Midwest on a mission nobody has explained. A renderi…
· Tyler Durden
How the US midterm elections reflected resistance to data centres
Voters rejected data centre development in all but one of the 41 measures addressing the issue in Tuesday's midterms.
· Andy Hirschfeld
Former Evergrande economist faces WeChat gag order after ‘buy the dip’ call
Amid a bear market in China’s stock exchanges, Ren Zeping, the high-profile independent economist famed for his prescient call on China’s A-share bull market, is once again in the spotlight for a “gag order” on his social media, though industry insiders say that the move by the platform was not unexpected. Since Oct…
· Emma Ma
A Dangerous Woman: Democrats Adopt Soviet Rhetoric To Condemn Stevens As Mentally Ill
A Dangerous Woman: Democrats Adopt Soviet Rhetoric To Condemn Stevens As Mentally Ill Authored by Jonathan Turley,Haley Stevens is a dangerous woman. That message is echoing across liberal cable stations and websites. Only recently embraced as the best candidate for the Michigan Senate nomination, Stevens is now bei…
· Tyler Durden
Gen. Flynn To Trump: The Time For Excuses Is Over
Gen. Flynn To Trump: The Time For Excuses Is Over Authored by Maureen Steele via PJ Media,There is an old military truth that Washington would do well to remember: the battlefield does not care how convincing your excuses are. AP Photo/Evan Vucci You can blame the weather, the terrain, faulty intelligence, inadequat…
· Tyler Durden
Japan biz community working to ease tensions between Tokyo and Beijing
Leading business officials say it is necessary to approach relations from various angles, not just political and diplomatic ones.
· No Author
US urges China to honour Busan trade deal commitments
Trump-Xi Busan deal aimed to ease tariffs and tech restrictions; progress hinges on China's fulfilment of commitments.
Hollywood studios ban workers from gambling on movie secrets — as company sets up snitch hotline
Major studios and production companies are rolling out strict new rules barring workers from using confidential information to cash in on booming prediction markets.
· Erica Andrews
Microsoft Pulls The Plug On Oracle AI Rental As Post-Election Data Center Fallout Spreads
Microsoft Pulls The Plug On Oracle AI Rental As Post-Election Data Center Fallout Spreads More bad news for Oracle.About an hour after we checked in with Oracle's PR team on how that whole "force majeure is commonplace" thing was working out...Hey guys, any updates here? https://t.co/GCPReT2mE1— zerohedge (@zerohedg…
· Tyler Durden
US, China trade chiefs hold call ahead of Trump-Xi summit in Shenzhen
US Treasury Secretary Scott Bessent and Trade Representative Jamieson Greer held a video call with Chinese Vice-Premier He Lifeng on Friday, as both sides moved to finalise preparations for President Donald Trump’s planned meeting with Chinese leader Xi Jinping in Shenzhen later this month. “Secretary Bessent emphas…
· Nayan Seth
Cartoon for November 7, 2026 | The National
Our cartoonist’s take on markets plummeting worldwide after the US midterm elections
· The National
Asia's Bailout Brigade: Taiwan Curbs Shorts, Readies $15BN Fund As Seoul Waives Margin Calls To Stop The AI Rout
Asia's Bailout Brigade: Taiwan Curbs Shorts, Readies $15BN Fund As Seoul Waives Margin Calls To Stop The AI Rout It took just a few hours long for the AI unwind to go from a Wall Street problem to an Asian government problem.After the post-midterm "sell everything" day in which the Nasdaq suffered its worst day sinc…
· Tyler Durden
US tech stock rout: is the AI bubble bursting?
After Thursday’s share price plunge on Wall Street, could the volatility be the start of a huge market meltdown?Global financial markets have been thrown into a tailspin as investors bet on an AI slowdown after the US midterm elections.This is not the first time stock markets have wobbled in recent months due to con…
· Richard Partington
Apple looking to raise $7.5B from dollar bonds
APPLE is raising about $7.5 billion from a seven-part US-dollar bond offering, a term sheet seen by Reuters showed on Thursday, adding to a growing number of tech firms tapping debt markets to fund the artificial intelligence boom.
· Reuters
PH economy under siege from inflation, corruption and political warfare
THE Philippine economy is sending unmistakable distress signals. Inflation is accelerating, unemployment is rising, investment is weakening, public debt continues to accumulate and political instability threatens to undermine already fragile economic confidence. Yet the Marcos Jr. administration appears increasingly…
· Anna Malindog-Uy
The slough of discord
A SLOUGH is an area of swampland or swampy region; that is exactly the best way to describe the South China Sea. The Philippines has entered a very dangerous phase of its existence. Two superpowers are fighting for world domination. China is an economic powerhouse that professes to be a communist state as it continu…
· Saul Hofileña Jr.
Haircut No. 2: Anthropic IPO Talk Slides To $1.2 Trillion As AI Rout Crushes Odds Of A November Listing
Haircut No. 2: Anthropic IPO Talk Slides To $1.2 Trillion As AI Rout Crushes Odds Of A November Listing Keeps going lower.Three weeks ago we reported that Anthropic IPO investors had marked the valuation from $2 trillion down to $1.5 trillion as the growth slowdown sank in. This morning, Bloomberg reports that the p…
· Tyler Durden
Global stocks plunge amid AI slowdown fears after Democrats’ midterm triumph
Asian and European markets follow US tech rout with many analysts predicting more waves of selling to comeEuropean and Asian stock markets fell sharply on Friday after the Democrats’ decisive victory in the midterms triggered a rout in US tech stocks a day earlier.A sell-off on Wall Street on Thursday was followed b…
· Marksweney, Graemewearden
Consumer Sentiment Unexpectedly Jumps, Fueled By Independents, Despite Growing AI Bubble Fears
Consumer Sentiment Unexpectedly Jumps, Fueled By Independents, Despite Growing AI Bubble Fears The UMichigan consumer sentiment survey unexpectedly jumped in November to a three-month high, boosted by modest improvements in Americans' views of their personal finances and the economic outlook.The University of Michig…
· Tyler Durden
Hong Kong’s yacht industry eyes mainland China buyers but challenges remain
Hong Kong’s yacht industry is seeking to attract more buyers and visitors from mainland China under a new cross-boundary travel scheme, but relatively high berthing costs could pose a challenge, industry representatives have said. Industry leaders, exhibitors and visitors gathered in Discovery Bay on Friday for the …
· Roetta Wang