Sure, Wall Street. Go ahead. Ride the dragon. There was a moment of grace on Tuesday for investors, market analysts, and finance’s top brass when Beijing announced measures to try to reinvigorate China’s croaking economy. Pan Gongsheng, a governor of the People’s Bank of China, the country’s central bank, announced that 800 billion yuan, or…
Brazil’s Supreme Court is ordering ‘X’ to pay just over $5 million in penalties – including a new nearly $2 million fine – before the country finally lifts their ban on the platform. ‘X’ informed the Brazilian government earlier this week that they were now in compliance with the courts orders – as owner Elon…
A waterspout over Victoria Harbour was reported on Saturday afternoon, according to the Observatory. The weather forecaster announced the sighting at around 12.30 pm, where a rapidly rotating water column was spotted at sea near the North Point section of the Island Eastern Corridor. The weather watchdog warned earlier that an upper-air disturbance…
China remains about a year behind the US in large language models (LLMs), and may have more catching up to do after the release of OpenAI’s latest o1 model, according to experts. When it comes to LLMs with text generation, China is about half a year to a year behind, Roey Tzezana, a fellow at…
It’s going to be hard to count on another strong month for stocks after September’s performance. The third quarter’s final month, often regarded as the weakest month of the year for stocks, has been surprisingly good for investors. The major market averages were on track as of Friday to close it out with a robust…
Check out the companies making headlines in midday trading: Bristol-Myers Squibb — The drug maker jumped more than 3% after the U.S. Food and Drug Administration approved a highly anticipated schizophrenia drug , the first novel type of treatment for the chronic mental disorder in more than seven decades. Bristol-Myers Squibb expects the twice-daily pill,…
October is historically a very volatile month for the market. However, these stocks are relatively stable and can help investors ride out the wild swings. Since 1950, the S & P 500 has recorded an average daily move of 1.3%, higher or lower, for the month . Even when excluding the Black Monday crash of…
The Dow jumped more than 400 points Friday to an all-time high after a benign inflation report cleared the way for the Federal Reserve to focus on shoring up the labor market while continuing its interest rate easing. In recent trading, the Dow Jones Industrial Average was up 442 points, or 1%, at 42,617. The blue-chip index…
September 27, 2024 6:40 AM EDT | Source: Media OutReach Hong Kong, SAR–(Newsfile Corp. – September 27, 2024) – A delegation led by Hong Kong’s Financial Secretary Paul Chan is on a four-day visit to London (September 25-28, 2024), the second leg of an overseas trip to strengthen ties with European businesses and cultivate…
Illustration: FeatureChina (AP) In This Story Global chip stocks rallied after U.S.-based Micron’s (MU) revenue forecast topped Wall Street’s expectations. Investors should hope for a divided Congress, strategist says Micron shares were up over 18% in pre-market trading on Thursday morning, then stayed up around 17% after the market open. Micron’s earnings report boosted global…