Regional stocks up after mixed session in U.S. on Tuesday Bets of a Fed cut firm up as ADP data shows job losses mounting Oil prices at highest level this month on sanctions SINGAPORE, Nov 12 (Reuters) – Stocks made headway in Asian trading on Wednesday as the U.S. Congress looked set to end the…
ORLANDO, Florida, Nov 11 (Reuters) – U.S. tech was the major outlier in an otherwise buoyant day for global stocks on Tuesday, as relief around the expected end of the U.S. government shutdown lifted the Dow to a record closing high and other indices to new peaks too. More on that below. In my column…
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…
ORLANDO, Florida, Nov 5 (Reuters) – U.S. stocks and bond yields rose on Wednesday on surprisingly strong job growth and service sector data, which suggests the economy is in decent shape and calls into question how much lower the Federal Reserve needs to cut interest rates. I didn’t write a column today, but don’t worry…
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…
BEIJING, Nov 5 (Reuters) – China’s Shenzhou-20 crewed spacecraft’s return mission has been delayed after the spacecraft was suspected to have been hit by small space debris, the official Xinhua reported on Wednesday. An impact analysis and risk assessment are underway, the state news agency said without providing any new schedule for the return mission….
Nov 5 (Reuters) – Shares of Chinese electric vehicle maker Seres Group , the EV partner of technology firm Huawei (HWT.UL), fell almost 2% in the company’s Hong Kong Stock Exchange debut on Wednesday after it raised $1.84 billion in a listing. Seres Group, already listed in Shanghai, sold 108.6 million shares at HK$131.50 each…
Nov 1 (Reuters) – The White House on Saturday released details about the agreement that U.S. President Donald Trump reached this week with Chinese President Xi Jinping to de-escalate their countries’ trade war, including U.S. tariff reductions and a pause in Beijing’s new restrictions on rare earth minerals and magnets. The deal, which also includes…
Berkshire still a net seller of stocks, no buybacks Buffett prepares to give CEO title to Greg Abel Berkshire stock trails broader market Nov 1 (Reuters) – Berkshire Hathaway (BRKa.N), opens new tab signaled on Saturday that it remained cautious about markets, letting cash swell to a record $381.7 billion even as profit rose, in…
Solid Q3 earnings season sees 130 more S&P 500 reports next week Meta, Microsoft shares stumble after results; Alphabet, Amazon gain Private data including ADP employment in focus as shutdown set to delay jobs report NEW YORK, Oct 31 (Reuters) – A resilient U.S. stocks rally heads into a busy week of corporate results, with…