Current mythology claims âjust a handful of stocksâ took the S&P 500 to new highs. Supposedly AI hype driving the âMagnificent 7â Tech stocks in a 2000-era bubblicious redux. Wrong. …
Nvidia added a record $277 billion in value — the largest single-day market cap increase in history — after the heavyweight chipmaker’s quarterly report beat expectations and reignited a rally fueled by …
Reddit disclosed $90.8 million in losses and revenue growth of roughly 21% in 2023 on Thursday, as the social media company made public its IPO filing ahead of a planned stock …
It is hard to overstate the importance of this septet. With the exception of Tesla, all the companies figure among the world’s top seven firms by market capitalisation. Moreover, the …
Fortune’s sister publication, Time magazine, returned to the narrative in September 2001 with a little more caution: “Hong Kong is not quite dead, but it is bleeding.” When Kraar died …
Private equity firm CVC Capital Partners said it has closed its sixth and largest Asia fund to date, shrugging off a challenging geopolitical and macroeconomic environment that has put a …
Chip designer Nvidia shares surged in after-hours trading on Wednesday after the company forecast revenue above estimates, banking on towering demand for its industry-leading artificial-intelligence chips. Nvidia’s fourth-quarter revenue beat estimates by …
The data depicts weakness in consumption, capital expenditure, public investment and home sales. The downshift in China, Japan’s top trading partner, does not augur well for exports going forward. All …
Chinese stocks look poised for a strong open when onshore traders return from the Lunar New Year break, with buoyant travel and tourism data seen bringing much-needed relief to one …
This is not surprising, given Trump’s threat to revoke “most favoured nation” trade status for China and impose a flat 60 per cent tariff on all Chinese imports. According to …