HONG KONG — AIA Group on Friday unveiled a $1.6 billion share buyback plan and reported an 18% rise in the value of new business last year, as the Hong Kong insurer saw strong growth in the city and mainland China. The value of new business, a metric for future profits from new premiums, rose…
It took a month of Donald Trump’s chilling revolution for the stock market to start sneezing. The main New York share index — the S&P 500 — began falling on February 19, 29 days after Trump’s inauguration. It has now dropped a bit more than 6 per cent while the more volatile Nasdaq is near…
Big Tech firms like Nvidia, Apple, and Microsoft lead in shareholder value creation. Stocks with a wide economic moat can be a good long-term investment. But only Microsoft, Alphabet, and UnitedHealth Group are rated undervalued by Morningstar. Past performance does not guarantee future success; it’s a line frequently used for investing advice. That’s because stocks…
Retail investors have been enamored with Palantir stock since it went public in September 2020. Palantir leadership has eschewed the traditional ways of Wall Street and has embraced its retail investor base. “It’s not cookie-cutter Wall Street, but Palantir’s changing the technology space, and retail understood that,” Dan Ives told BI. For Katherine H., a…
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…
Irvine electric vehicle maker Rivian has received conditional approval for a federal loan of up to $6.6 billion that would help fund construction of a Georgia plant where it could manufacture smaller and more affordable SUVs. The company said late Monday that the loan from the U.S. Department of Energy’s Advanced Technology Vehicle Manufacturing Loan…
Chinese cars are selling at record levels in Russia. Competition from European, Korean, and Japanese carmakers has vanished since Western sanctions were imposed on Russia. Chinese automakers face increasing tariffs in other regions. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the go. download the app By clicking…
Hertz dropped as much as 12% Tuesday morning after posting a deeper-than-expected quarterly profit loss. The rental-car giant is still facing challenges from a high-cost electric vehicle fleet. The company is trying to sell off Teslas that are depreciating in value. Thanks for signing up! Access your favorite topics in a personalized feed while you’re…
Berkshire Hathaway reduced its Apple stake again in the third quarter of 2024. Warren Buffett’s company has now cut its shares in Apple by two-thirds over the last year. Buffett has sold off other large holdings, growing his cash stockpile to $325 billion. Thanks for signing up! Access your favorite topics in a personalized feed…
General Motors reported third-quarter earnings that topped estimates. GM’s profits were driven by strong SUV sales, EV growth, cost reductions, and improved China sales. GM’s EVs hold a 9.8% share of the US EV market, behind only Tesla. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the go….