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NEWS dpa_afx

U.S. Trade Deficit Widens Substantially In May

WASHINGTON (dpa-AFX) - A report released by the Commerce Department on Tuesday showed a substantial increase in the size of the U.S. trade deficit in the month of May.The Commerce Department said the trade deficit widened to $77.6 billion in May from a revised $54.6 billion in April.Economists had…

dpa-AFX en_IN
Economy

AI Hedge Fund Surges 61% on Memory Chip Boom

Analog Century Management, a New York-based money manager focused on technology, media and telecom investments, has reported strong gains as investors continue to assess whether the massive spending behind artificial intelligence could generate durable returns. The firm's $1 billion Analog Century…

GuruFocus en_IN
ETFsStocksUS

Autoliv and China's XPeng to Collaborate on Car-Safety Technology

By Dominic ChoppingSTOCKHOLM--Autoliv and Chinese automaker XPeng agreed on a framework deal to develop new safety technology for vehicles.The Swedish maker of airbags and safety belts said Tuesday that the two companies aim to collaborate across several key areas, including technology development…

Dow Jones Newswires en_IN
StocksCNSE
gurufocus

Why Archer Aviation Stock Just Popped

Archer Aviation NYSE:ACHR shares climbed nearly 8% on Monday after the electric air taxi developer disclosed an insider ownership filing showing President of Aircraft OEM Benjamin Lyon holds restricted stock units, or RSUs, tied to about 792,321 Class A shares.The filing detailed two RSU grants cov…

GuruFocus en_IN
StocksUS
NEWS reuters

US trade deficit widens sharply in May as capital goods imports hit record high

The U.S. trade deficit widened sharply in May as an artificial intelligence investment boom helped to drive imports of capital goods to a record high, suggesting that trade remained a drag on gross domestic product in the second quarter.The trade gap jumped 42.2% to $77.6 billion, the Commerce Depa…

Reuters en_IN
Economy
NEWS reuters

Draft Egyptian law expands powers of military-linked economic body

Egyptian lawmakers are set to review a draft law that would dramatically expand the powers of the Future of Egypt Authority, an agency with a wide economic remit, and place it under presidential oversight, according to a copy of the bill seen by Reuters.The draft law would confirm and formalise the…

Reuters en_IN
Economy
tradingview

BIO-key Regains Nasdaq Compliance; Trading to Resume July 8

BIO-key announced Nasdaq will resume trading its common stock effective July 8 after regaining compliance.Key Highlights:Original SEC Filing: BIO KEY INTERNATIONAL INC [ BKYI ] - 8-K - Jul. 07, 2026This is an AI-powered summary. It may contain inaccuracies. Consider verifying important information…

TradingView en_IN
StocksUS
tradingview

Gal Announces 1-for-200 Reverse Stock Split Effective July 12, 2026

Gal announced a one-for-two hundred reverse stock split of its common stock effective July 12, 2026.Key Highlights:Original SEC Filing: Galera Therapeutics, Inc. [ GRTX ] - 8-K - Jul. 07, 2026This is an AI-powered summary. It may contain inaccuracies. Consider verifying important information with t…

TradingView en_IN
StocksUS
trading-economics

Chile Trade Surplus Larger Than Expected

Chile’s trade surplus rose to $3.3 billion in June 2026 from $1.5 billion in the same month a year ealier and surpassing market forecasts of $2.9 billion.This marked the largest trade surplus since January, as exports jumped 25.1% to a six-month high of $10.8 billion, led by key copper sales, which…

Trading Economics en_IN
Economy

China's DeepSeek developing its own AI chip, sources say

Chinese startup DeepSeek is developing its own AI chip, according to three people familiar with the matter, a push that could reduce its reliance on Nvidia NASDAQ:NVDA and Huawei chips, which it has depended on to train and run its globally popular models.The chip is designed for inference — the st…

Reuters en_IN
StocksCN
dow-jones

Wolters Kluwer's Tax and Accounting Unit Eyed in 1H Earnings — Market Talk

Wolters Kluwer's tax and accounting business is likely to be in focus when the Dutch information-services company reports half-year earnings on Aug. 5, Citi analysts write. First-quarter organic revenue growth for the unit was 4% due mostly to a drop in North America where revenue rose 2% compared…

Dow Jones Newswires en_IN
StocksNL