Is China Planning To Wreck U.S. Tech? That’s what Balaji Srinivasan argues in the post below. First, for those unfamiliar with him, here’s why his opinion is worth considering here. In a nutshell, it’s because Srinivasan, formerly the CTO of Coinbase, combines deep technical expertise with a strong track record of predicting where technology is headed….
Alibaba Group Holding Ltd. BABA BABAF Chairman Joe Tsai announced Tuesday the company will resume hiring, signaling growing confidence in China’s business landscape following recent economic policy shifts. What Happened: Speaking at HSBC’s Global Investment Summit, Reuters reported that Tsai highlighted a pivotal meeting between Chinese President Xi Jinping and private business leaders as a…
Apple Inc. AAPL continues to trade at elevated valuation levels despite Warren Buffett‘s Berkshire Hathaway Inc. significantly reducing its stake in the iPhone maker, according to a prominent market analyst. What Happened: Lawrence McDonald, founder of Bear Traps Report, highlighted concerns about Apple’s current price-to-sales ratio in a post on X on Sunday. “Think about…
The world’s top tech billionaires saw their fortunes plummet on Monday as markets tumbled, with the Magnificent Seven tech giants shedding approximately $780 billion in market capitalization during a single trading session. What Happened: According to the Bloomberg Billionaires Index, Tesla Inc. TSLA CEO Elon Musk led the losses, with his net worth dropping from…
The S&P 500 and Nasdaq both slipped into the red, reversing early gains on Thursday, while the Dow Jones remained in positive territory in midday trading. NVIDIA Corp. NVDA led the tech sector lower after the company posted its smallest revenue beat in years on Wednesday. Wall Street digested a slew of new economic data…
Goldman Sachs expert Scott Rubner has cautioned that Wall Street stocks may face a downturn, citing growing instability in the options market as a key factor behind his prediction. What Happened: According to a note from Scott Rubner, the stock market could come under pressure as nearly $2.7 trillion in U.S. stock market derivatives approach…
A potential meeting between Chinese President Xi Jinping and Alibaba Group Holding Ltd. BABAF BABA co-founder Jack Ma this week comes as China’s technology stocks continue their strong rally. What Happened: Prominent entrepreneurs including Ma have been invited to meet with China’s top leaders, reported Bloomberg, citing sources. This potential show of support for the…
Contemporary Amperex Technology Co. Ltd. (CATL), the world’s largest electric vehicle battery manufacturer, is preparing to file for a secondary listing in Hong Kong this week that could raise at least $5 billion, marking one of the territory’s largest offerings in recent years. What Happened: The Chinese battery giant could submit its listing application as…
Jim Cramer took aim at panic sellers Tuesday as major tech stocks recovered from a sharp decline triggered by Chinese artificial intelligence startup DeepSeek‘s market entrance, with NVIDIA Corp. NVDA leading the rebound with an 8.82% gain. What Happened: “The shoot first learn later crew really got hosed today,” CNBC’s Cramer wrote on X, following…
Tesla Inc. TSLA faces potential headwinds in the U.S. market as data from Europe shows significant sales declines following electric vehicle subsidy removals, raising concerns about the impact of President Donald Trump‘s planned elimination of the $7,500 EV tax credit. What Happened: Gary Black, managing partner of The Future Fund LLC, highlighted on Monday that…