ORLANDO, Florida, Nov 11 (Reuters) – U.S. tech was the major outlier in an otherwise buoyant day for global stocks on Tuesday, as relief around the expected end of the U.S. government shutdown lifted the Dow to a record closing high and other indices to new peaks too. More on that below. In my column…
Tech sector amounts to 36% weight in S&P 500, more than in dot-com era Tech remains best performing sector YTD AI-related declines could prompt broader weakness NEW YORK, Nov 6 (Reuters) – This week’s wobble in shares connected to artificial intelligence is a stark reminder that the U.S. stock market is ever more reliant on…
ORLANDO, Florida, Nov 5 (Reuters) – U.S. stocks and bond yields rose on Wednesday on surprisingly strong job growth and service sector data, which suggests the economy is in decent shape and calls into question how much lower the Federal Reserve needs to cut interest rates. I didn’t write a column today, but don’t worry…
Nov 5 (Reuters) – Shares of Chinese electric vehicle maker Seres Group , the EV partner of technology firm Huawei (HWT.UL), fell almost 2% in the company’s Hong Kong Stock Exchange debut on Wednesday after it raised $1.84 billion in a listing. Seres Group, already listed in Shanghai, sold 108.6 million shares at HK$131.50 each…
Solid Q3 earnings season sees 130 more S&P 500 reports next week Meta, Microsoft shares stumble after results; Alphabet, Amazon gain Private data including ADP employment in focus as shutdown set to delay jobs report NEW YORK, Oct 31 (Reuters) – A resilient U.S. stocks rally heads into a busy week of corporate results, with…
Xi to hold first talks with Japan’s new leader Takaichi Canada seeks to restart engagement with China Host South Korea warns of changes to free trade order Bessent stands in for Trump at APEC summit discussions GYEONGJU, Oct 31 (Reuters) – China’s Xi Jinping will take centre stage at an annual gathering of Pacific Rim…
ABOARD AIR FORCE ONE, Oct 30 (Reuters) – U.S. President Donald Trump said on Thursday that the United States will cut its tariffs on Chinese goods related to fentanyl to 10% from 20%, after his summit with Chinese President Xi Jinping in South Korea. Xi will work “very hard to stop the flow” of fentanyl,…
SEOUL (Reuters) -Samsung Electronics reported its memory chip revenue hit a record high in the third quarter and said it will focus on mass producing its most advanced products next year, expecting continued strength in the chip market, driven by AI demand. The turnaround of the world’s top memory chipmaker reflects the unexpected boom in…
WASHINGTON, Oct 29 (Reuters) – Nvidia CEO Jensen Huang donated to fund the construction of U.S. President Donald Trump’s White House ballroom, he told reporters, joining other tech leaders supporting the project. “I’m delighted to be part of it,” he told reporters in Washington on Tuesday. Nvidia was not named on the White House’s public…
ORLANDO, Florida, Oct 28 (Reuters) – Another wave of U.S. tech euphoria lifted Wall Street to new highs on Tuesday, this time in the shape of a deal between Microsoft and OpenAI, a day ahead of a clutch of U.S. Big Tech earnings and the Federal Reserve‘s policy decision. In my column today, I look…