Shanghai stocks plummeted 6.6 percent on Wednesday, marking their worst single-day drop since February 2020. The steep decline came as investors grew frustrated with the Chinese government’s failure to deliver more robust economic stimulus. Shanghai Composite’s fall, compounded by an 8.6 percent slump in Shenzhen stocks, followed a brief surge earlier in the week driven…
Reuters reports that Cerebras is expected to delay its planned IPO due to complications with a U.S. government review of a minority investment from the UAE-based company G42. The review, conducted by the Committee on Foreign Investment in the United States (CFIUS), is focused on potential national security risks associated with G42’s involvement. The CFIUS is investigating…
Alphabet’s Google is grappling with a growing legal storm as multiple antitrust cases target its business operations, ranging from app distribution to online search and digital advertising. This week marked a significant moment for the tech giant, as a federal court ordered it to make changes to its Play Store, and the U.S. Department of…
Most left when they were told to. But some chose to stay, even though officials warned Hurricane Milton would turn their homes into coffins. Along Florida’s Gulf coast, where millions of people were urged to get out of harm’s way, cities were largely deserted on Wednesday afternoon as time ran out to evacuate. Those who…
In This Story Tesla (TSLA) CEO Elon Musk is primed to unveil his company’s efforts to produce a self-driving “robotaxi,” either delivering a massive win for investors that justifies sacrificing a widely anticipated car — or a major disappointment. The next Nvidia? Data center stocks could be a goldmine, strategist says Musk has been talking…
Affirm Holdings (AFRM) on Wednesday won an upgrade from Morgan Stanley while Barclays initiated coverage of Shift4 Payments (FOUR) with an overweight rating. Affirm stock jumped, while shares of Shift4 edged higher. Some financial technology stocks, notably PayPal Holdings (PYPL), are rebounding in 2024, but investors should be cautious on the sector. The biggest IBD…
Oil held steady after a day of choppy trading as US crude inventories swelled and traders monitored China’s plans for fiscal policy. West Texas Intermediate edged lower to close at $73.24 a barrel after earlier falling as much as 2.8%. Brent settled below $77 a barrel. Both benchmarks plunged 4.6% on Tuesday amid a broader…
Join our daily and weekly newsletters for the latest updates and exclusive content on industry-leading AI coverage. Learn More Hugging Face, the fast-growing AI startup valued at about $4.5 billion, has launched Gradio 5, a major update to its popular open-source tool for creating machine learning applications. The new version aims to make AI development…
Hong Kong’s biggest cycling event will affect more than 150 bus routes, with some major roads and tunnels also closed, when 6,000 riders hit the streets on Sunday. Participants in the annual Hong Kong Cyclothon will include Olympic bronze medallist Sarah Lee Wai-sze, three-time Asian Games gold medal winner Wong Kam-po and four-time Tour de…
Live Oct 10, 2024 12:47 AM IST US Election 2024 News LIVE: Get real-time breaking news updates on the biggest event unfolding in the United States, including election, politics, economics, crime, viral and more. US Election 2024 News LIVE: Biden blasts Trump for ‘onslaught of lies’ over response to Hurricanes Milton, Helene Get the latest…