Jerry Lin
The Latest
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NIO Secures $1.1 billion Strategic Investment from Abu Dhabi's CYVN Holdings, Boosting Growth and International Expansion
On June 20, The Business Times learned that NIO has signed a share subscription agreement with Abu Dhabi investment firm CYVN Holdings. According to the agreement, CYVN Holdings will make a strategic investment of approximately $1.1 billion in NIO through a combination of a targeted issuance of new shares and transfer of old shares. 
On June 20, The Business Times learned that NIO has signed a share subscription agreement with Abu Dhabi investment firm CYVN Holdings. According to the agreement, CYVN Holdings will make a strategic investment of approximately $1.1 billion in NIO through a combination of a targeted issuance of new shares and transfer of old shares. -
Apple's iPhone 15 to Showcase Enhanced UWB Chip for Optimized Vision Pro Compatibility
As Apple Inc. intensifies its efforts to synchronize the iPhone with its novel Vision Pro platform, rumors suggest the forthcoming iPhone 15 series may be equipped with an upgraded ultra-wideband (UWB) chip. 
As Apple Inc. intensifies its efforts to synchronize the iPhone with its novel Vision Pro platform, rumors suggest the forthcoming iPhone 15 series may be equipped with an upgraded ultra-wideband (UWB) chip. -
Turkey's Tumultuous Turn: Brace for an Aggressive Rate Hike as Erdogan's Reelection Signals Economic Shift
As Bloomberg reported on Monday, economists are predicting that Turkey's central bank will substantially raise interest rates at its meeting on Thursday, though expectations for the size of the increase vary greatly. 
As Bloomberg reported on Monday, economists are predicting that Turkey's central bank will substantially raise interest rates at its meeting on Thursday, though expectations for the size of the increase vary greatly. -
Adobe's Financial Results Shine: Is AI Software on the Eve of Explosion?
Following the surge of Nvidia, a representative of AI hardware, Adobe, the leading creative software company, has also experienced a significant increase driven by AI Generated Content (AIGC). As AI software companies gradually demonstrate their performance in the second half of this year, this sector might be on the verge of a breakthrough. 
Following the surge of Nvidia, a representative of AI hardware, Adobe, the leading creative software company, has also experienced a significant increase driven by AI Generated Content (AIGC). As AI software companies gradually demonstrate their performance in the second half of this year, this sector might be on the verge of a breakthrough. -
BlackRock Eyes First Spot Bitcoin ETF Amid Crypto Market Meltdown
As U.S. regulators crack down on two of the world's largest cryptocurrency exchanges, Binance and Coinbase, BlackRock, the world's largest asset management firm, is aiming to introduce its first publicly traded Spot Bitcoin Exchange-Traded Fund (ETF). 
As U.S. regulators crack down on two of the world's largest cryptocurrency exchanges, Binance and Coinbase, BlackRock, the world's largest asset management firm, is aiming to introduce its first publicly traded Spot Bitcoin Exchange-Traded Fund (ETF). -
NVIDIA at All-Time High: Bank of America Remains Bullish Beyond AI, Citing Two 'Secret Weapons'
This year, NVIDIA has been a standout star among U.S. stocks, with an increase of nearly 200% so far. The surge has added $640 billion to the company's market value, equivalent to the combined worth of America's two largest banks - JPMorgan Chase and Bank of America. 
This year, NVIDIA has been a standout star among U.S. stocks, with an increase of nearly 200% so far. The surge has added $640 billion to the company's market value, equivalent to the combined worth of America's two largest banks - JPMorgan Chase and Bank of America. -
Microsoft Shares Hit Record High, Propelling Tech Stocks Amid AI Boom
On Thursday Eastern Time, Microsoft shares closed up 3.19% at $348.10, reaching a record high. This makes Microsoft the third major tech company, following NVIDIA and Apple, to achieve a new market capitalization high this year, with an estimated total value of $2.6 trillion. To date, Microsoft's shares have surged 45% this year, adding about $800.6 billion to its market cap. 
On Thursday Eastern Time, Microsoft shares closed up 3.19% at $348.10, reaching a record high. This makes Microsoft the third major tech company, following NVIDIA and Apple, to achieve a new market capitalization high this year, with an estimated total value of $2.6 trillion. To date, Microsoft's shares have surged 45% this year, adding about $800.6 billion to its market cap. -
China's Economic Slowdown Sparks Expectations of Stimulus Action
China's economy stumbled in May, with industrial output and retail sales growth underperforming predictions, stirring expectations that Beijing may roll out further stimulus measures to buttress an unstable post-pandemic recovery. 
China's economy stumbled in May, with industrial output and retail sales growth underperforming predictions, stirring expectations that Beijing may roll out further stimulus measures to buttress an unstable post-pandemic recovery. -
U.S. Stocks Soar Despite Hawkish Fed: The AI Factor
Despite the hawkish stance of the Federal Reserve, the surge in AI technology continues to propel U.S. stocks higher. 
Despite the hawkish stance of the Federal Reserve, the surge in AI technology continues to propel U.S. stocks higher. -
ECB Hikes Interest Rates to Highest Level Since 2001, Signals More to Come
The European Central Bank (ECB) has announced a 25 basis point increase in interest rates as expected, reaching its highest level since 2001. Christine Lagarde, ECB President, indicated in a press conference that another rate hike could be forthcoming in July, despite ongoing economic slowdowns. 
The European Central Bank (ECB) has announced a 25 basis point increase in interest rates as expected, reaching its highest level since 2001. Christine Lagarde, ECB President, indicated in a press conference that another rate hike could be forthcoming in July, despite ongoing economic slowdowns.
