Ark Invest’s Cathie Wood says lower prices and rates will ‘activate coiled equities’
“In our view, more price deflation and lower interest rates will activate coiled equities,” Wood said in an X post.
Turkish markets are ‘on the verge of a renaissance moment,’ Citi says
New economic and central bank team appointments since roughly a year ago appear dedicated to reversing Turkey’s fortunes, no matter how painful the process.
Singapore Airlines tweaks its in-flight seatbelt sign policies after fatal incident
Singapore Airlines altered its in-flight seatbelt rules and changed at least one flight route following Tuesday’s turbulence incident.
X CEO Linda Yaccarino accuses Australia of ‘overreach’ after judge lifts ban on stabbing video
X CEO Linda Yaccarino accused Australian regulators of “overreach” over its decision to ban videos of a Sydney church stabbing.
Former TikTok CEO Kevin Mayer says AI hype is at an all-time fever pitch right now
Former TikTok CEO and Candle Media co-CEO Kevin Mayer believes the hype around artificial intelligence has reached a crescendo.
Chinese EV makers continue aggressive push into Europe under growing threat of tariffs
Nio, Xpeng and BYD have continued their European expansion even as an ongoing EU probe into Chinese electric vehicle subsidies could result in tariffs.
British retail sales plunge 2.3% in April, missing estimates
U.K. retail sales volumes dropped 2.3% in April as wet weather deterred shoppers, the Office for National Statistics said Friday.
JPMorgan is ‘positive’ on China stocks and ‘constructive’ on real estate as Beijing props up markets
JPMorgan is “positive” on China stocks and “constructive” on its real estate sector as the world’s second-largest economy strives to prop up its equity and property markets.
British fund manager abrdn’s CEO Stephen Bird to step down
British fund manager abrdn said on Friday CEO Stephen Bird will step down after four years in the role.
F1 dispute with Andretti Global draws in U.S. lawmakers
A dispute over whether to accept American motorsports giant Andretti Global as Formula One’s 11th team is reaching boiling point.
