Markets
NVIDIA earnings surge despite China hit, eyes AI
NVIDIA, a global leader in accelerated computing, on Wednesday reported revenue of USD44.1 billion in its first quarter ended April—up 12 percent from the previous quarter and 69 percent year-over-year — as global demand for artificial intelligence infrastructure continued to soar. The company reported a 31 percent jump in first quarter net income to USD19.9 billion.
Musk pledge to refocus on firms reassures investors, lifts Tesla
A pledge made by Elon Musk over weekend to re-immerse himself in his companies has revived investor confidence, sparking a rally in Tesla shares on Tuesday even as the electric vehicle maker faces operational headwinds.
PSE partners with Nasdaq to modernize trading with Eqlipse
The Philippine Stock Exchange said Friday it has partnered with partnered with Nasdaq to implement the Nasdaq Eqlipse Trading platform, a significant upgrade in trading infrastructure, aimed at enhancing market liquidity, technological resilience, and investor confidence.
Global Business Forum highlights perils of trade retaliation
At the 55th World Trade Centers Association® (WTCA®) Global Business Forum (GBF) in Marseille, France, global trade leaders issued a strong call for increased international cooperation to stabilize markets and safeguard economic growth amid rising tariff tensions and global uncertainty.
ETF market gets makeover push from PSE
The Philippine Stock Exchange (PSE) is taking steps to revitalize the country’s exchange traded fund (ETF) market, citing persistent liquidity challenges that have undermined the performance of its sole ETF product. The First Metro Philippine Equity Exchange Traded Fund (FMETF), which tracks the PSEi benchmark, has seen lackluster trading, with shares closing at P105.60 on Friday—down from a 52-week high of P121.50.
