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  • Aug 28, 2024

Lego outperforms toy market with robust sales in Europe and North America

Lego's sales of its colorful plastic bricks outpaced the overall toy market in the first half of the year, driven by strong demand in Europe and North America, the Denmark-based toymaker said on Wednesday. The family-owned Lego company said sales from January through June rose 13% to 31 billion Danish crowns ($4.65 billion). By comparison, Lego increased first-half sales by 1% last year and 17% in 2022, year over year.

  • Aug 28, 2024

PLTR vs. GOOGL: Which Technology Stock Is Better?

In this piece, I evaluated two technology stocks: Palantir Technologies (PLTR) and Alphabet (GOOGL). A closer look suggests a neutral view of Palantir and a bullish view of Alphabet. Palantir Technologies specializes in big data analytics, while Alphabet is a holding company that owns the Google search engine and sells apps and content on Google Play and YouTube. Alphabet also generates revenue from cloud services fees, licensing revenue, and hardware products like Chromebooks and other devices.

  • Aug 28, 2024

Asian benchmarks mostly decline as markets await Nvidia earnings

Asian shares were mostly lower Wednesday, despite a record high on Wall Street, as investors awaited a closely watched earnings report from Nvidia. Japan’s benchmark Nikkei 225 edged up 0.2% in afternoon trading to 38,352.07. Toyota stock jumped 3.7% after Japanese media reported Japan’s top automaker was going to announce a cooperative agreement on fuel cells with European automaker BMW.

  • Aug 28, 2024

Gold slips on stronger dollar, market awaits US inflation data

Gold prices slipped on Wednesday as the dollar ticked up, while investors awaited a key U.S. inflation report due this week for more clarity on the size of a likely September rate cut. Spot gold fell 0.7% to $2,507.64 per ounce by 0531 GMT. "Market seems to be waiting for a catalyst to ignite the potential bullish breakthrough above that $2,532 level," said Kelvin Wong, OANDA's senior market analyst for Asia Pacific.

  • Aug 28, 2024

India's VerSe buys Valueleaf to boost digital marketing

VerSe Innovation, India's content tech unicorn that owns local language news aggregator Dailyhunt, digital newsstand platform Magzter and short-video app Josh, has acquired digital marketing firm Valueleaf Group in a cash and equity deal. Valueleaf will help VerSe to bolster its presence in the Indian digital ad space and build a significant retargeting platform, countering the likes of Google, which also backs the startup, and local contenders including InMobi. Digital ad spending in India is growing as consumption across online platforms expands in the world's most populous country.

  • Aug 28, 2024

China’s Two Richest People Lose Billions in Consumer Stock Rout

(Bloomberg) -- Record-breaking stock selloffs in two of China’s biggest consumer companies erased more than $18 billion from the fortunes of the nation’s richest people, underscoring deepening investor concern over the health of Asia’s biggest economy.Most Read from BloombergNazi Bunker’s Leafy Makeover Turns Ugly Past Into Urban EyecatcherChicago Overcomes DNC Skeptics With Calm, Parties and SunHow the Cortiços of São Paulo Helped Shelter South America’s Largest CityChina’s wealthiest person, N

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