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BEIJING — China industrial profit growth accelerated sharply in September, rising 21.6 percent from a year earlier the biggest increase in nearly two years, according to data released Monday by the National Bureau of Statistics (NBS). The surge follows a 20.4 percent gain in August and signals that Beijing’s campaign to stabilize factory margins is … Read more
US stock futures rose Sunday, while major Asian markets climbed Monday morning after officials from the United States and China reached a framework for a long awaited trade deal, easing fears of new tariffs and offering a rare moment of optimism for global investors. As of 6:29 pm ET Sunday, Dow futures were up 0.65%, … Read more
LAGOS, Nigeria — Nigeria’s Dangote oil refinery, already the largest in Africa, is planning an ambitious expansion that could make it the biggest oil refinery in the world within three years, according to its owner, billionaire industrialist Aliko Dangote. “We are more than doubling the barrels per day from 650,000 to 1.4 million,” Dangote said … Read more
WASHINGTON — The United States and Vietnam are moving toward finalizing a trade agreement that could reshape the economic relationship between the two nations, the White House said Sunday. The deal, which is expected to be completed in the coming weeks, will set reciprocal tariffs ranging from zero to twenty percent and may remove some … Read more
WASHINGTON — Millions of Americans could see larger tax refunds or smaller tax bills when filing returns in 2026, due to the combined effects of President Donald Trump’s latest tax and spending package and a lag in Internal Revenue Service (IRS) updates. Economists estimate the total savings could reach as high as $50 billion, though … Read more
Two of the most closely watched artificial intelligence (AI) stocks, Super Micro Computer (NASDAQ/SMCI) and Intel (NASDAQ/INTC), may be headed for a significant correction, according to Wall Street analysts. Despite both companies’ partnerships with Nvidia and substantial year to date gains, recent forecasts suggest steep potential declines of up to 69% for Supermicro and 66% … Read more
BALTIMORE (TECHY QUANTUM) —The Social Security Administration announced Friday that benefits for millions of Americans will rise by 2.8% in 2026, marking a moderate cost of living adjustment as inflation stabilizes. The increase translates to an average monthly boost of about $56 for retirees beginning in January, according to the agency. The annual COLA affects … Read more
SAN FRANCISCO (TECHY QUANTUM) — Oracle Corp. (NYSE/ORCL) may soon join an exclusive group of technology titans including Apple, Microsoft, Amazon, Alphabet, Meta, and Nvidia that have each surpassed a $1 trillion market capitalization. Analysts and industry observers say Oracle’s expanding artificial intelligence capabilities, robust cloud infrastructure growth, and surging demand from enterprise clients are … Read more
WASHINGTON (TECHY QUANTUM) — US President Donald Trump has granted a full pardon to Changpeng Zhao, the billionaire chief executive and founder of Binance, the world’s largest cryptocurrency exchange, the White House confirmed Thursday. The announcement marks one of the most consequential acts of clemency under Trump’s current administration and underscores his pivot toward a … Read more
LONDON, ( TECHY QUANTUM) ~ Oil prices rose sharply Thursday after the United States announced new Russia oil sanctions, targeting major producers Rosneft and Lukoil in an effort to curb Moscow’s energy revenue amid the ongoing war in Ukraine. The move, part of a coordinated Western campaign, sent global crude benchmarks higher and prompted Asian … Read more
