News

SoftBank Group Corp. is considering investing over $1 trillion to establish AI-powered industrial parks across the U.S., aiming to address labor shortages and revolutionize manufacturing processes through autonomous robots. This ambitious project builds upon SoftBank's existing investments in AI infrastructure, including a $100 billion joint venture with OpenAI and Oracle Corp.

BofA Securities analyst Vivek Arya identified Analog Devices, NXP Semiconductors, and ON Semiconductor as his top picks for diversified semiconductor companies, citing their defensive nature and potential for growth in the second half of 2025. Despite lingering risks around tariffs and economic contraction, Arya believes these companies are well-positioned to outperform in a recovering market.

Cryptocurrency markets plummeted on Friday due to renewed inflation fears, with Bitcoin falling below $85,000 and analysts predicting further downside potential. The market also saw significant liquidations and regulatory developments, including Trump's SEC nominee prioritizing "rational" crypto regulations.

Asia's real estate sector is booming, attracting foreign investors and prompting businesses to expand, particularly in Southeast Asia where luxury brands are investing heavily in residential projects. However, concerns about oversupply and overdevelopment are emerging, especially in Indonesia where President Prabowo Subianto's ambitious affordable housing program faces challenges due to past issues.

A 7.7-magnitude earthquake centered northwest of Mandalay, Myanmar, killed at least 144 people and injured 732, while also causing damage and casualties in the Thai capital, Bangkok, over 1,000 kilometers away. The earthquake, which struck at 12:50 p.m. local time, was followed by a 6.4-magnitude aftershock and caused significant damage to infrastructure in both countries.