As the economic calendar is fairly light in the week ahead, the major focus of the market participants on Wall Street will be on earnings reports from big names such as chip giant Nvidia Corp, retail heavyweights Walmart Inc and Target Corp. Nvidia, the world’s most valued company by market capitalization will declare its third…
Wall Street in the week ahead will see plenty of economic data and earnings reports from five megacap companies. On the economic front, investors will closely monitor US Q3 GDP numbers, the Federal Reserve’s preferred inflation gauge – Personal Consumption Expenditures price index, and jobs report. Next week, stocks of five megacap companies — Apple,…
Shanghai stocks plummeted 6.6 percent on Wednesday, marking their worst single-day drop since February 2020. The steep decline came as investors grew frustrated with the Chinese government’s failure to deliver more robust economic stimulus. Shanghai Composite’s fall, compounded by an 8.6 percent slump in Shenzhen stocks, followed a brief surge earlier in the week driven…
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…
Warren Buffett’s conglomerate has added another zero to its haul from a months-long selling spree of Bank of America Corp. stock. In its 14th round of disposals, Berkshire Hathaway Inc. eclipsed $10 billion of total proceeds from whittling its stake in the second-largest US bank, a regulatory filing on Monday shows. Buffett, 94, began paring…
(Reuters) – Super Micro Computer said on Monday it is currently shipping more than 100,000 graphics processors per quarter and unveiled a new suite of liquid cooling products, sending the AI server maker’s shares up about 14% following a weeks-long slump. A boom in generative artificial intelligence technology has bumped up demand for the hardware…
United Atlantic Ventures LLC sold 7.5 million shares of the Trump Media & Technology Group (DJT) shareholder, according to a regulatory filing. The company’s managing member is former “Apprentice” contestant Andrew Litinsky, who now owns just 100 shares. Asking for a Trend Host Josh Lipton reports more on the story. For more expert insight and…
Following last week’s historic interest rate cut by the US Federal Reserve, Wall Street in the week ahead will have plenty of economic data, including the Personal Consumption Expenditures price index, and S&P flash services & manufacturing PMIs, to look forward to. The week will also see comments from US central bank speakers, including Fed…