China’s AI tech stocks surged after the Chinese New Year public holidays. DeepSeek’s rise challenges Western AI dominance and boosts Chinese tech sector confidence. However, broader Chinese markets fell amid US-China trade war jitters. DeepSeek-related Chinese tech stocks surged on Wednesday, despite trade war jitters that hit the broader market. Last week, affordable Chinese AI…
NEW YORK — Tesla, IBM and Meta Platforms helped lead most U.S. stocks higher Thursday after a rush of profit reports from some of the country’s most influential companies. The Standard & Poor’s 500 rose 0.5%, as 4 in 5 stocks in the index climbed. The Dow Jones industrial average added 0.4%, and the Nasdaq composite gained…
Stocks will continue to rally next year amid a resilient economy and strong earnings, Barclays says. The bank forecast the S&P 500 to rise 10% to 6,600, adding to th chorus of bullish forecasts from top analysts. Their outlook marks a slight slowdown from the index’s 26% gain this year. The S&P 500 is primed…
AI infrastructure companies took off in 2024 as investors put their money in the picks and shovels. Goldman Sachs believes companies using AI to boost revenues will be next to take off in 2025. Here are 11 companies that are realizing revenue gains from the technology. This year, the AI story has dominated the stock…
US stocks were up on Friday as the market headed for a weekly gain. The US dollar, meanwhile, surged to its highest since November 2022. Earnings season has nearly concluded with 77% of S&P 500 firms beating third-quarter profit estimates. US stocks rose Friday, with traders looking to cap off a solid week of rebounds…
China’s stock markets slumped after a 10-day rally that was driven by Beijing’s stimulus announcement in September. Investors were disappointed when a hyped-up Chinese government press briefing failed to deliver more stimulus. Retail investors dominate China’s markets, influencing sentiment and market movements. Thanks for signing up! Access your favorite topics in a personalized feed while…
China’s stock markets surged post-National Day break, driven by pent-up investor demand. Beijing’s aggressive stimulus measures have bolstered market sentiment, despite economic challenges. Investors are assessing further economic stimulus measures from Beijing. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the go. download the app By clicking “Sign…
HONG KONG — Dannie Li, a 30-year-old with 140,000 yuan ($19,840) in China stock funds, could not wait for the mainland markets to reopen Tuesday after a seven-day National Day break. Shares were on a government-stimulus-fueled tear before the holidays, and Li had seen enough. “Once I get all my investment capital back, I will…
US stocks are clicking on all cylinders, which led Goldman Sachs to lift its S&P 500 target again. The top investment bank now expects the index to reach the 6,000 mark by year end. Here are 25 companies set for outstanding earnings growth in 2025. Thanks for signing up! Access your favorite topics in a…
Goldman Sachs estimates China-focused hedge funds had best weekly performance on record By Summer Zhen HONG KONG, – Some China-focused hedge funds are reporting explosive returns in September, thanks to a sharp rebound in Chinese stocks driven by Beijing’s aggressive stimulus package. The surge in stocks, which fuelled a 25% record jump over five days…