On Tuesday, China’s stock markets witnessed a decline, primarily influenced by technology stocks. Investors began withdrawing profits after a significant rally in artificial intelligence-related shares, redirecting their focus to the country’s most extensive military parade ever. The blue-chip CSI300 Index experienced a 0.9% drop during the lunch break, with the Shanghai Composite Index losing…
Cambricon, a China-based semiconductor firm, posted record profit in the first half of the year, along with revenue that surged roughly 4,300%. The earnings, released late Tuesday, serve as an example of Nvidia’s growing local competition in China, as the government and market seek alternative chipmakers to gain traction in the region. Nvidia’s business in…
(Reuters) -Intel is in talks with other large investors to receive an equity infusion at a discounted price, CNBC reported on Wednesday, just days after the struggling chipmaker got a $2 billion capital injection from SoftBank Group. The new funding would be another financial lifeline for Intel, as billions of dollars in investment to expand…
(MENAFN– AsiaNet News) U.S. stocks appear set for a negative opening on Tuesday as investors turn their focus to retail earnings, which offer a peek into the health of the economy. The Home Depot Inc. (HD) reported its second-quarter (Q2) results before the bell on Tuesday, while Target Corp. (TGT) and Walmart Inc. (WMT) are…
(Bloomberg) — Across equity, bond and currency markets, gauges of volatility are slumping to their lowest levels of the year. The Cboe Volatility Index, which measures the expected 30-day volatility for the S&P 500 — and dubbed Wall Street’s fear gauge — just fell to its lowest since December. A similar index for global currencies…
(Bloomberg) — Artificial intelligence’s imprint on US financial markets is unmistakable. Nvidia Corp. is the most valuable company in the world at nearly $4.5 trillion. Startups from OpenAI to Anthropic have raised tens of billions of dollars. Most Read from Bloomberg But there’s a downside to the new technology that investors are increasingly taking note…
The Hong Kong government’s first business report in four years can offer investors some reference but may not be enough to sway those holding preconceived views about the city due to geopolitical tensions, commerce chamber chiefs and economists have said. Industry leaders and experts offered their views hours after Financial Secretary Paul Chan Mo-po unveiled…
By Manya Saini and Ateev Bhandari (Reuters) -Design software firm Figma said on Wednesday it had raised $1.22 billion in its U.S. initial public offering, as investors warm up again to pure-play tech listings following a years-long dry spell. The San Francisco-based company and some of its existing investors sold 36.9 million shares at $33…
Entrepreneurial success in the traditional startup playbook — be it for beauty, consumer goods or tech — usually looks like scaling a business, gaining external investment and eventually exiting after it’s acquired. This pathway is less common (and harder) in creative industries. But experts and investors agree that small to medium-sized fashion brands have a…
This might be the most critical week for investors in years. In fact, in over two decades of investing, and more than a decade as a professional analyst, I’ve never seen a single week with this many potentially market-moving headlines. Between earnings surprises, critical inflation and jobs data, a Federal Reserve decision, and a looming…