The Alibaba office building on Feb. 18, 2025, in Nanjing, Jiangsu province of China. Fang Dongxu | Visual China Group | Getty Images Chinese tech titan Alibaba posted a startling 239% year-over-year jump in net profit in the final quarter of 2024. CEO Eddie Wu attributed that shiny result to growth in the company’s cloud…
CATL is the world’s largest electric vehicle battery maker and supplier to the likes of Tesla and Ford. Pavlo Gonchar | Sopa Images | Lightrocket | Getty Images China’s Contemporary Amperex Technology (CATL), the largest electric vehicle battery producer in the world, has filed for listing on Hong Kong’s stock exchange, potentially making it the…
Warren Buffett has long been a proponent of value investing — and those principles have helped him amass a personal fortune of around $150 billion . It’s an investing approach that means taking the long view, holding your nerve and avoiding risky behavior — philosophies Buffett learned from economist Benjamin Graham’s 1949 book, “The Intelligent…
Bank of America has lagged its peers since the lender’s stellar fourth-quarter earnings report, leading some analysts to speculate that Berkshire Hathaway , the biggest investor in the nation’s second-largest bank, has been quietly offloading shares again. Since its latest quarterly report on Jan. 16, Bank of America shares are little changed, compared to a…
(Bloomberg) — Bank of America Corp. strategists expect US stock-market outperformance to continue to fade after a relentless run was halted in the early part of 2025. Most Read from Bloomberg Equity markets including Brazil, Germany, the UK, China and Canada have all yielded higher returns than Wall Street’s S&P 500 year to date, noted…
TOKYO (AP) — Asian shares were trading mixed Wednesday as markets mulled the impact of tariffs being imposed by the United States and China. Japan’s benchmark Nikkei 225 recouped earlier losses and was little changed, up less than 0.1% in afternoon trading at 38,820.77. Australia’s S&P/ASX 200 rose 0.5% to 8,416.90. The Hang Seng dropped…
The sign of the 7th China International Import Expo is seen with the skyline of the Lujiazui Financial District in the background on Nov. 2, 2024, in Shanghai, China. VCG | Visual China Group | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up…
10 things to watch Thursday, Jan. 16 1. The S & P 500 was looking at a muted open Thursday, the morning after its best gain since the election. The 10-year Treasury yield was slightly higher after falling Wednesday in response to a cooler-than-expected consumer inflation report. December retail sales, released before Thursday’s opening bell,…
Wall Street couldn’t ask for a better start to the earnings season. About 35 S & P 500 have reported fourth-quarter results thus far. Of those, more than 25 have exceeded expectations on the bottom line, according to FactSet. Many of those beats came from the largest U.S. banks. Goldman Sachs and JPMorgan Chase reported…
Traders work on the floor of the New York Stock Exchange on Jan. 15, 2025 in New York City. David Dee Delgado | Getty Images U.S. stock futures are little changed Wednesday night after the S&P 500 posted its best day since November, on the back of a tame inflation report and blowout bank results….