Finance
A look at the day ahead in European and global markets from Ankur Banerjee A handshake between Donald Trump and Xi Jinping, an expected hold on rates from the Bank of Japan and Federal Reserve Chair Jerome Powell’s cautious tone are all that investors can think about ahead of another onslaught of European earnings. Sign…
SINGAPORE (Reuters) -U.S. President Donald Trump and China’s Xi Jinping concluded talks on Thursday at a South Korean air base with both leaders sounding optimistic about cooling trade tension between the world’s two largest economies. Trump said he struck a deal to reduce tariffs on China in exchange for Beijing resuming U.S. soybean purchases, keeping…
SAN FRANCISCO, Oct 29 (Reuters) – OpenAI is laying the groundwork for an initial public offering that could value the company at up to $1 trillion, three people familiar with the matter said, in what could be one of the biggest IPOs of all time. OpenAI is considering filing with securities regulators as soon as…
A container ship sails past buildings in Busan, South Korea, on Thursday, Sept. 22, 2022. Photographer: SeongJoon Cho/Bloomberg via Getty Images Bloomberg | Bloomberg | Getty Images Hong Kong and mainland Chinese markets were largely flat Thursday as investors watched for signals from the first in-person meeting between U.S. President Donald Trump and Chinese President…
The chipmaker has already become the first $4 trillion stock. Artificial intelligence (AI) powerhouse Nvidia (NVDA +2.97%) has produced eye-popping gains for investors over the past decade and longer. Yet, the investing community doesn’t have a clear consensus on where it will go from here. There’s no question that the company is building the infrastructure…
BOJ stands pat on rates, yen falls Currency reaction muted after Trump-Xi meeting; details awaited Trump says trade deal with China could be signed on Thursday Traders reduce expectations for 25bp Fed cut in December SINGAPORE, Oct 30 (Reuters) – The yen fell on Thursday in the wake of the Bank of Japan’s decision to…
While Microsoft didn’t offer a specific forecast for its AI capital expenditures for the next quarter or coming year, the company’s chief financial officer, Amy Hood, said that the company’s total spend will “increase sequentially, and we now expect the fiscal year 2026 growth rate to be higher than fiscal year 2025.” Tech companies are…
NVIDIA (Nasdaq: NVDA) shares closed the day up 2.99% on Wednesday. That’s especially notable because NVIDIA saw 4.98% gains the day before. I would say these levels of gains are unprecedented for a $5 trillion company, but the idea of a $5 trillion company itself is unprecedented. NVIDIA surged today despite terrible market breadth. Consumer…
SANTA CLARA COUNTY, Calif. – It’s a massive milestone: Nvidia just became the first publicly traded company to exceed $5 trillion dollars in market value. “It’s a shockingly large number. But it’s not surprising when you consider how much they were worth before and how successful they’ve become. I mean, this is a company that…
SEOUL (Reuters) -Samsung Electronics reported its memory chip revenue hit a record high in the third quarter and said it will focus on mass producing its most advanced products next year, expecting continued strength in the chip market, driven by AI demand. The turnaround of the world’s top memory chipmaker reflects the unexpected boom in…