Valuation about $6.5 billion at high end Six Chinese firms to list in Hong Kong this week MiniMax scheduled to start trading on January 9 HONG KONG/SINGAPORE, Jan 5 (Reuters) – MiniMax Group (0100.HK), opens new tab is expected to price its Hong Kong IPO at the top of a marketing range and raise $538…
AI stock valuations raise bubble concerns amid sharp pullbacks Buffett Indicator signals overvaluation, surpassing dot-com bubble levels Nasdaq’s AI rally mirrors early dot-com bubble stages, lacks runaway optimism NEW YORK, Nov 21 (Reuters) – The biggest bout of volatility in U.S. stocks in months has revealed cracks in the artificial intelligence-related rally, raising questions about…
Moves comes amid concerns over AI spending Buffett previously regretted missing out on Google investment Alphabet shares have climbed 46% YTD Nov 17 (Reuters) – Alphabet’s (GOOGL.O), opens new tab shares rose 5.2% on Monday after Berkshire Hathaway (BRKa.N), opens new tab disclosed a stake in the tech giant, marking what could be one of…
SAN FRANCISCO, Nov 13 (Reuters) – Apple (AAPL.O), opens new tab on Thursday said it would lower commissions for “mini apps” on iPhones and other devices. Apple’s App Store charges commissions of up to 30% on digital purchases. Under the program announced Thursday, that rate will come down to 15% for developers of mini apps…
Tech sector amounts to 36% weight in S&P 500, more than in dot-com era Tech remains best performing sector YTD AI-related declines could prompt broader weakness NEW YORK, Nov 6 (Reuters) – This week’s wobble in shares connected to artificial intelligence is a stark reminder that the U.S. stock market is ever more reliant on…
WASHINGTON, (Reuters) Nov 4 – Alphabet’s (GOOGL.O), opens new tab Google said on Tuesday it has reached a comprehensive U.S. court settlement with “Fortnite” video game maker Epic Games, agreeing to Android and app store reforms aimed at lowering fees, boosting competition and expanding choices for developers and consumers. In a joint filing, opens new…
Alphabet’s strong cash flow supports capital spending Investors cautious of AI investments with unclear returns Zuckerberg acknowledges risks of over-investing in AI Oct 30 (Reuters) – Three of the biggest U.S. technology companies flagged plans on Wednesday to accelerate capital spending over the next year but investors were most accepting of Google-parent Alphabet’s (GOOGL.O), opens…
Fed’s Powell hints 25 bps cut may be last of 2025 BOJ expected to leave rates on hold for now ECB also seen standing pat Trump and Xi to meet in South Korea, de-escalation expected U.S. tech sector earnings weigh on stocks SINGAPORE, Oct 30 (Reuters) – Asian stocks fluctuated between gains and losses early…