Singapore’s Gross Refining Margins Plummet: Implications for Oil Marketing Companies

The Gross Refining Margins (GRMs) for Singapore hit a notable low of $2.85 per barrel as of April 24, marking the lowest level observed since […]

Apple’s Market Share Declines in China Amidst Intense Smartphone Competition

In the first quarter of 2024, Apple experienced a decline in its market share in China, with its shipments dropping by 6.6%. Revenue from iPhone […]

Mark Zuckerberg’s Strategic Stock Divestment: A Comprehensive Analysis of $106M in Meta Platforms, Inc. Shares Sold in February and March 2024

Mark Zuckerberg, the Chair & CEO, sold over $300 million in $META shares in the past week, bringing his total sales to over $1.5 billion […]

Meta’s Revenue Outlook Miss Sends Stock Plummeting 19% in After-Hours Trading

Meta, led by Mark Zuckerberg, experienced a sharp decline of up to 15% in after-hours trading following a Q2 revenue guidance miss. The company anticipates […]

NVIDIA Corporation to Acquire Run:AI, Pledges Continued Support and Investment

NVIDIA Corporation is set to acquire Run:AI, a provider of GPU orchestration software. Following the acquisition, NVIDIA intends to maintain Run:AI’s current business model for […]

US DOJ Seeks Jail Term for Former Binance CEO and Settles with Exchange in Landmark Cryptocurrency Crackdown

The U.S. Department of Justice (DOJ) is pursuing a three-year jail sentence for Changpeng Zhao, the former CEO of Binance, the world’s leading cryptocurrency exchange. […]

Boeing and Spirit AeroSystems Forge $425 Million Deal Amidst Production Challenges and Acquisition Talks

Boeing and Spirit AeroSystems have struck a $425 million deal to tackle Spirit’s inventory challenges and cash flow issues. This move comes as the U.S. […]

Google Extends Deadline for Third-Party Cookie Phase-Out Amid Feedback Challenges

Google extends the deadline for eliminating third-party cookies, citing challenges in addressing industry, regulatory, and developer feedback. Google announced today that it’s extending the deadline […]

US Senate Passes $95B Aid Package for Ukraine, Israel, and Taiwan, Including TikTok Sale Provision

The US Senate approved a $95 billion aid package for Ukraine, Israel, and Taiwan, with a provision included for the sale of TikTok as part […]

Philippine SEC Requests Google and Apple to Remove Binance Apps Amid Security Concerns

The Philippine Securities and Exchange Commission (SEC) has formally requested Google and Apple to remove Binance’s applications from their app stores. This action stems from […]

Apple’s First Quarter Phone Sales in China Decline by 19.1%, While Huawei Experiences a 70% Increase

Counterpoint Research reports a 19% decline in Apple’s iPhone sales in China during the March quarter, marking its weakest performance since the Covid outbreak in […]

Tesla and Reliance Industries in Talks to Forge EV Manufacturing Venture in India

Tesla and Reliance Industries Ltd. are currently engaged in preliminary discussions regarding the establishment of an electric vehicle (EV) manufacturing plant in India, as reported […]