China is making progress in unifying the country’s scattered data centres into a nationwide computing network to drive artificial intelligence applications, according to the data centre builders. China’s Open Data Centre Committee (ODCC), an organisation representing the country’s key AI infrastructure investors such as Alibaba Group Holding and China Telecom, hosted a three-day conference this…
MANILA, Philippines (AP) — World shares were mostly higher Thursday, buoyed by gains of tech-related stocks after Wall Street inched to more records following a surprisingly encouraging report on inflation and a stunning forecast for growth from Oracle because of the artificial intelligence boom. In early European trading, Germany’s DAX was nearly flat at 23,631.29….
[The content of this article has been produced by our advertising partner.] “Dim sum” bonds, offshore renminbi debt issued mostly in Hong Kong, are headed for a record year. Offshore issuance has already reached about Rmb475bn in 2025 to end-August, propelled by cheaper onshore rates and a broader base of issuers and buyers, according to…
CNBC’s Jim Cramer explained why he thinks newly-minted IPO Klarna is a buy even after shares climbed during its first trading session. “While Klarna roared right out of the gate, the stock hasn’t gone to an insane valuation yet. I think the numbers look good, so I think it can be bought at these levels,”…
A Syracuse-based immigration attorney handling a half-dozen cases after ICE raided a food factory in Cayuga County last week says information he received from his clients doesn’t line up with what the U.S. attorney told reporters on Tuesday. “I have six clients that were already my clients [that were detained in the raid], that had…
BENSENVILLE, Ill. (AP) — Federal agents seized hundreds of thousands of illegal vaping products in raids across the country Wednesday as the Trump administration moved to crack down on devices that are regularly used by teens in the U.S. after being smuggled in from China. Attorney General Pam Bondi, Health and Human Services Secretary Robert…
Global financial investors are pouring into Hong Kong in a low profile way to stay under the radar and avoid undue attention because of rising geopolitical tension, said the head of the city’s de facto sovereign wealth fund. “We see a great velocity of [capital] flow, although in a very low profile way,” said Clara…
Several Wall Street firms hiked their year-end outlooks for the S & P 500 , citing continued strength in the artificial intelligence trade and easing concerns tied to tariffs. Deutsche Bank said the broad index can now ended the year at 7,000, up from 6,550. Wells Fargo said it expects the average to finish 2025…
One Wall Street strategist is wary of the near-term market outlook, even as the consensus grows more optimistic. JPMorgan equity strategist Dubravko Lakos-Bujas is worried the S & P 500 could suffer a near term pullback of roughly 5% to 8%, equal to the benchmark index slumping as low as 6,200 or 6,000, respectively, and…
Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., August 14, 2025. Brendan McDermid | Reuters With the desire to have private market exposure alongside publicly traded stocks gaining traction among investors, Morningstar has developed a benchmark to reflect the trend. The Morningstar PitchBook US Modern Market…