A revival in Hong Kong stocks has provided bumper returns for Prusik Investment Management, which placed early bets on once-unloved property and conglomerate shares in the financial hub. Chief Investment Officer Tom Naughton is confident that further gains lie ahead. The money manager’s $787 million flagship fund has more than a third of its money…
Tesla shares plunged as much as 10% in early trading Thursday after the company posted its steepest sales drop in more than a decade – and CEO Elon Musk warned the slump may not end anytime soon. The embattled electric carmaker reported that revenue from car sales fell 16% to $16.7 billion in the second…
Meme stocks are running wild again. Some of the latest highfliers — Krispy Kreme (DNUT), Opendoor (OPEN), and Kohl’s (KSS) — all have one key thing in common: They are heavily shorted stocks. This means investors have been betting the next price move for these names will be lower, and some strategists suggest that this…
The meme-stock revival looks like it might stretch into another day with GoPro Inc., Krispy Kreme Inc. and Beyond Meat Inc. all surging in early trading before paring some of those gains. Wearable camera maker GoPro soared as much as 73%, before paring gains to 22%, doughnut maker Krispy Kreme was up 5.9% and Beyond…
The S&P 500 Index shuffled between gains and losses on Tuesday, as investors pored over corporate earnings and awaited results from two of the mega-cap stocks that helped propelled this year’s rebound in equities. The stock benchmark was little changed as of 2:23 p.m. in New York after notching a new all-time high in the…
Topline Anticipated earnings reports from the world’s largest stocks boosted the S&P 500 and Nasdaq to new all-time highs Monday, marking the latest records for both indexes in recent weeks, though one analyst warned investor optimism might be short-lived as others say AI firms could propel the rally even more. One analyst warned of “intense…
Swaths of California are seeing housing prices drop, thanks largely to the combination of increased inventory and sky-high interest rates. Even markets that are typically somewhat immune to general trends and consistently robust — like Mountain View and San Diego — have softened over the past year. But there are still plenty of places in…
Wednesday saw the S&P 500 and Dow close higher by 0.6% and 0.5%, respectively, with the Nasdaq gaining 0.9% to close at a record high, driven by strong AI momentum. Nvidia rose nearly 2%, briefly touching a $4 trillion market cap, while Palantir added 2.5%. Boeing (+3.7%) and Caterpillar (+2%) led industrial gains, lifting the…
Asian equity-index futures struggled for direction Thursday after the dollar weakened and US stocks rose in volatile trading after President Donald Trump played down the prospect he may soon fire Jerome Powell. Trump said he is “not planning on doing anything” to remove Powell, after a White House official said the president was likely to…
This content was published on July 15, 2025 – 05:41 (Bloomberg) — Asian shares moved in a narrow range as traders awaited inflation data from the US to gauge the impact from President Donald Trump’s tariff war before adding to their portfolios. The MSCI Asia Pacific Index swung between small gains and losses, and shares…