Reddit Stock Surges on Its First Day of Trading

A big concern ahead of the public listing was that Reddit, the platform that gave birth to the memestocks of 2021, could also suffer the wild price swings caused by large numbers of investors coordinating their strategy over social media, including Reddit itself, on forums such as r/wallstreetbets. Reddit’s IPO is a test of investor … Read more

Portugal Joins Europe’s Shift to the Right as Populist Chega Party Surges in Election

The rapid growth of right-wing political forces across Europe hit Portugal on Sunday as the Chega party surged in support and quadrupled its seats in parliament. In an early election, the center-right AD alliance took the most seats to beat the Socialists, whose vote share collapsed. But the far-right Chega grabbed much of the spotlight … Read more

Southeast Asia’s smartphone market surges to kickstart 2024

People using their mobile phones on July 17, 2016 in Surakarta, Indonesia. Solo Imaji | Barcroft Media | Getty Images Smartphone shipments in Southeast Asia continued a resurgence at the start of 2024, contrasting to a lull in other regions, as the promising market for mobile makers continues to attract more brands and investment.  The … Read more

Bitcoin Surges Toward All-Time High as Everyone Forgets What Happened Last Time

Bitcoin’s price surged past $63,000 and then receded just a bit under on Wednesday, reaching a level the crypto coin hasn’t seen since November 2021. While it still has a little way to climb to reach an all-time high of $68,000, that level feels comfortably within reach. And if you’re feeling uneasy about the rally, given … Read more

Nigeria’s currency has fallen to a record low as inflation surges. How did things get so bad?

ABUJA, Nigeria — Nigerians are facing one of the West African nation’s worst economic crises in years triggered by surging inflation, the result of monetary policies that have pushed the currency to an all-time low against the dollar. The situation has provoked anger and protests across the country. The latest government statistics released Thursday showed … Read more

Deforestation in Brazil’s savanna region surges to highest level since 2019

RIO DE JANEIRO — Deforestation surged in Brazil’s Cerrado, a vast tropical savanna region, by nearly 45% in 2023 compared to 2022, according to full-December data released Friday by the government’s monitoring agency. The National Institute for Space Research reported that 7,852 square kilometers (3,000 square miles) of vegetation had been torn down in the … Read more

Myanmar and China conduct naval drills together as fighting surges in border area

BANGKOK — Myanmar and China are conducting naval drills together as the military government in the Southeast Asian nation loses ground in its northeast border region to a coalition of militias that also has strong ties to Beijing. State-run Myanma Alinn newspaper said Wednesday that three Chinese vessels were anchored in Yangon, Myanmar’s largest city, … Read more

Israeli troops kill 5 Palestinians, including 3 militants, as West Bank violence surges

JERUSALEM — Israeli forces on Friday killed five Palestinians, including three militants, across the West Bank, deepening a surge of violence in the occupied territory that has accompanied Israel’s war in the Gaza Strip. The deaths raised to 205 the number of Palestinians killed in West Bank violence since the Gaza war erupted on Oct. … Read more

Solana surges amid altcoin rally, nearly triples its price over the past month

The logo of cryptocurrency platform Solana. Jakub Porzycki | NurPhoto via | Getty Images The price of the Solana token jumped Wednesday amid an ongoing rally in altcoins and bullish remarks on the token from famed tech investor Cathie Wood. Solana was last higher by nearly 10% at $61.36. Earlier in the day it climbed … Read more

profit after tax surges over 235% year-on-year

Aaron P | Bauer-Griffin | GC Images | Getty Images HSBC’s profit after tax came in at $6.26 billion in the three months ended September, jumping 235% compared to the $2.66 billion in the same period last year. Profit before tax for the quarter rose by $4.5 billion to $7.7 billion, mainly due to a higher … Read more