Nvidia’s rise since the debut of ChatGPT in November 2022 has been stunning. Shares of the chipmaker—known mostly for gaming hardware prior to the AI boom—embarked on a dizzying rally since AI burst into public consciousness and sparked a frenzy for the tech among Wall Street investors. The stock has risen more than eightfold over…
The government is expected to push ahead with a contentious plan to limit the amount of money that savers can put into cash Isas each year as part of efforts to revive Britain’s troubled stock market, Ben Martin writes. There has been speculation for months that Rachel Reeves, the chancellor, will reform the rules governing…
The Co-op will stop sourcing carrots from Israel and a number of other products from other “countries of concern” such as Russia. The supermarket chain said it would stop sourcing produce, where possible, from countries where there are “internationally recognised community-wide human rights abuses and violations of international law”. The 17 countries on its list…
HONG KONG (Reuters) — Hong Kong’s de-facto central bank said it sold 46.54 billion Hong Kong dollars ($6 billion) on Saturday to prevent the currency from strengthening beyond its official peg to the U.S. dollar, the first such intervention in more than four years. The Hong Kong dollar is pegged to a tight band between…
U.S. markets took a significant plunge on Thursday, one day after President Donald Trump announced sweeping tariffs, leading to fears of a global recession and prompting international responses.The S&P 500 had its worst day since the COVID-19 pandemic in 2020, falling 4.8%.”The tariffs the administration is imposing are much more severe than had been expected,”…
Forever 21 is now navigating its second bankruptcy in five years. The brand was known for limited-run collections that turned the typical apparel cycle on its head. It also laid the groundwork for brands like Temu and Shein, which won over much of its business. Forever 21, the once iconic fast fashion mainstay of shopping…
Police have arrested a 49-year-old man from mainland China on suspicion of stealing more than HK$4,300 from two passengers during a flight from Malaysia to Hong Kong, as the city grapples with a rise in such thefts. The force said on Friday it received a report the day before that HK$3,500 (US$450) and S$150 (US$110)…
Police have arrested a 49-year-old man from mainland China on suspicion of stealing more than HK$4,300 from two passengers during a flight from Malaysia to Hong Kong, as the city grapples with a rise in such thefts. The force said on Friday it received a report the day before that HK$3,500 (US$450) and S$150 (US$110)…
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…
Monday September 30 China PMI and current account surplus Japan industrial production and retail sales Canada’s National Day for Truth and Reconciliation (stock markets open; bond markets closed) (9:45 a.m. ET) U.S. Chicago PMI for September. (1:55 p.m. ET) U.S. Fed chair Jerome Powell gives luncheon address at NABE conference. Earnings include: Carnival Corp. —…