AI stocks valuation, China October trade data

AI stocks valuation, China October trade data

SHENZHEN, CHINA – AUGUST 26: An aerial view of the Shenzhen skyline on August 26, 2020 in Shenzhen, Guangdong Province of China. (Photo by He Shaoping/VCG via Getty Images) Vcg | Visual China Group | Getty Images Asia-Pacific markets opened lower Friday, tracking Wall Street declines on persistent concerns over lofty valuations in artificial intelligence…

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Pony.ai debut, Hong Kong, WeRide, AI stocks

Pony.ai debut, Hong Kong, WeRide, AI stocks

Hong Kong Skyline Nikada | E+ | Getty Images Asia-Pacific markets rose Thursday, tracking Wall Street gains after AMD’s third-quarter earnings beat lifted artificial intelligence stocks. Japan’s benchmark Nikkei 225 index was up 1.45%, while the Topix index climbed 1.11%. Japanese artificial intelligence-related companies rose: Advantest, which supplies testing equipment to Nvidia, was up 3.73%,…

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Wall Street cheers bad news on jobs, sending stocks higher and betting that a soft labor market will force Powell's hand in December

Wall Street cheers bad news on jobs, sending stocks higher and betting that a soft labor market will force Powell’s hand in December

Stocks rose on Wall Street Wednesday as more U.S. companies turn in their latest quarterly reports and several economic updates shed some light on the U.S. economy. The S&P 500 rose 0.5%. The Dow Jones Industrial Average rose 62 points, or 0.1%, as of 11:35 a.m. Eastern time. The Nasdaq composite rose 0.8%. The gains…

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Federal Reserve cuts interest rates by 0.25% for second straight meeting, 2 officials vote against move as shutdown challenges mount

Federal Reserve cuts interest rates by 0.25% for second straight meeting, 2 officials vote against move as shutdown challenges mount

The Federal Reserve cut interest rates by a quarter percentage point Wednesday for the second meeting in a row, even as the government shutdown has left policymakers without key data to guide monetary policy. The central bank voted in a split decision to cut its benchmark interest rate to a range of 3.75% to 4.00%….

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The good vibes are back on Wall Street

The good vibes are back on Wall Street

Stocks hit fresh records on Monday, marking a significant pickup in momentum after a bumpy stretch in which tariff fears and worries about loan losses at regional banks weighed on major indexes. The optimism isn’t limited to U.S. markets. Benchmarks in Japan, South Korea and Taiwan notched new records Monday, while the Shanghai composite closed…

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Berkshire cut to 'underperform' by KBW, which cites Geico, tariffs, Buffett

Berkshire cut to ‘underperform’ by KBW, which cites Geico, tariffs, Buffett

By Jonathan Stempel (Reuters) -Berkshire Hathaway has been downgraded to “underperform” by Keefe, Bruyette & Woods, which said lower car insurance margins, tariffs, falling interest rates, smaller clean energy tax credits and Warren Buffett‘s departure will weigh on its share price. KBW analyst Meyer Shields, who had rated Berkshire “market perform,” also cut his target…

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