The bulls on Wall Street emerged victorious Friday but not for the week. Investors shook off a midday, end-of-the-week sell-off on geopolitical concerns sparked by President Donald Trump’s Oval Office spat with Ukraine President Volodymyr Zelenskyy . Still, the advance Friday was not enough for the S & P 500 and Nasdaq to overcome weekly…
Impossiable | Moment | Getty Images Hong Kong’s government has earmarked 1 billion Hong Kong dollars ($128.67 million) for the establishment of an artificial intelligence research institute. Called the Hong Kong AI Research and Development Institute, the facility will “spearhead and support Hong Kong’s innovative R&D as well as industrial application of AI,” the city’s…
There’s still plenty of stocks to buy ahead of earnings, according to Bank of America. The firm named several companies it says are “compelling” such as Nvidia. The other buy-rated stocks include: JD.com, Block and Toronto-Dominon. Toronto-Dominion Toronto-Dominion Bank was recently upgraded to buy from neutral by analyst Ebrahim Poonawala. The Canadian bank had been…
Meituan Dianping application icons are displayed on an Apple Inc. iPhone in Hong Kong, China, on Friday, March 23, 2018. Justin Chin | Bloomberg | Getty Images Asian tech stocks rose Tuesday, following news that U.S. president Donald Trump had paused tariffs on Mexico for a month, while also postponing tariffs on Canadian exports. Gains…
Traders work on the New York Stock Exchange floor on November 12, 2024 in New York City. Source: NYSE Stocks @ Night is a daily newsletter delivered after hours, giving you a first look at tomorrow and last look at today. Sign up for free to receive it directly in your inbox. Here’s what CNBC TV’s producers…
Shares of e-commerce giants in China look attractive as Beijing attempts to stimulate domestic consumption, according to investor Jason Hsu. Hsu, founder and chairman of Rayliant Global Advisors, told CNBC’s Pro Talks that Alibaba , JD.com , and Pinduoduo are among his top picks. He also revealed a more cautious stance toward Baidu over company…
A trader works on the floor at The New York Stock Exchange following the Federal Reserve rate announcement on Sept. 18, 2024. Andrew Kelly | Reuters Stocks @ Night is a daily newsletter delivered after hours, giving you a first look at tomorrow and last look at today. Sign up for free to receive it directly in…
After all of these years, after all of the rather incredible rallies and gains in the stock market from so many groups, the typical morning still starts with a bevy of negativity. That gloom lasts until near the close, where the market seems to say, “Oh well, maybe things aren’t that bad, at least for…
(Bloomberg) — Chinese tech stocks have had a tremendous rally since the nation announced its stimulus spree. And all signs point to fresh buying being the main cause. Most Read from Bloomberg Short positions on American Depositary Receipts of major companies including Alibaba Group Holding Ltd., JD.com Inc. and Baidu Inc. haven’t changed dramatically in…
A shareholder at a securities hall in Hangzhou, the capital of Zhejiang province in east China, on Sept. 24, 2024. Cfoto | Future Publishing | Getty Images China stocks rallied to their best day in 16 years, with related U.S. ETFs also soaring after recent economic stimulus buoyed investor optimism in the market. The Shanghai…