Wall Street veteran: S&P 500 can rise another 11% this year, will surge to 10,000 points by the end of 2029
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South Korea’s exports continued strong growth in the first 20 days of October, with chip exports surging by 222.5%
Driven by strong global demand for artificial intelligence (AI), Korea’s semiconductor shipments continued to post robust growth in the first 20 days of October.
Blackstone (BX.US) and Warburg Pincus reportedly plan to sell IntraFi, with a valuation expected to exceed $10 billions
According to sources, Blackstone Group and Warburg Pincus are considering selling IntraFi for over 10 billion dollars.
Natural gas and coal prices surge, Japan's electricity prices rise by 25%
The surge in electricity prices reflects the severe energy cost pressures faced by Japan as one of the world's largest LNG importers. Last weekend, the spot price of LNG soared to $29.30 per MMBtu, hitting its highest level since 2022. Heightened geopolitical risks in the Strait of Hormuz, combined with competition between Europe and Asia for winter supplies, have rendered Japan's alternative options nearly ineffective. Even the hedging strategy of switching to coal has backfired, with Newcastle coal prices recording an approximately 30% cumulative increase compared to pre-Middle East conflict levels.
Microsoft (MSFT.US) plans to launch an Xbox handheld console in 2027, with the next-generation console arriving in 2028 and possibly priced as high as $1,800.
According to reports, Microsoft plans to launch a handheld Xbox device during the 2027 holiday season, and release the next-generation Xbox console, codenamed "Project Helix," during the 2028 holiday season.
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