Nvidia CEO Jensen Huang urged nuance when it comes to regulating China’s access to U.S. technologies that are critical to developing artificial intelligence. In an interview with Citadel Securities on Tuesday, he warned that what harms China can often harm the U.S., and sometimes even in worse ways. “Before we leap towards policies that are […]
LONDON — European stocks were in positive territory on Monday morning after a volatile few days in which investors weighed concerns over bad loans on Wall Street. The pan-European Stoxx 60 was up about 0.8% at 8:30 a.m. in London (3:30 a.m. ET), having closed Friday down 0.95% as concerns over the U.S. banking sector hit European […]
This year’s traditional spring homebuying season may have disappointed, but fall was going to be different, the real estate world bet. The narrative: Mortgage rates at 11-month lows and hype around the Federal Reserve’s interest rate cutting plans would finally convince buyers to come off the sidelines. Nice try. So far, there are few signs […]
American consumers are struggling under the weight of soaring auto loan debt. Auto delinquencies are up more than 50% since 2010 and have transitioned from the safest to riskiest consumer commercial credit product in that time frame, according to a Friday report from VantageScore. Here’s why: record-breaking car prices, higher maintenance and insurance costs, and […]
Oracle (ORCL) stock fell nearly 7% Friday, reversing the previous day’s gains as the company sought to assure investors of the long-term profitability of its AI infrastructure business. Oracle said during a presentation to financial analysts Thursday that the gross profit margin for its AI infrastructure business — which rents out computing capacity from AI chips in […]
Gold futures (GC=F) eased on Friday but notched their biggest weekly gain since 2020 in a stunning rally. The precious metal declined more than 1% to near $4,260 after hitting an intraday high north of $4,380 earlier in the session. Gold gained 7% over the past week as prices went “parabolic in a perfect storm […]
After a week-long rout that erased hundreds of billions in digital-asset value, Bitcoin (BTC-USD) has again failed to live up to its billing as a safe harbor asset. Once cast as a hedge against market turmoil — a “digital gold” for the blockchain age — the original cryptocurrency continued its slide on Friday, dropping as […]
(Bloomberg) — Charles Schwab Corp. (SCHW) reported third-quarter earnings that beat estimates as the firm benefited from a surge in retail investing activity. The firm reported $134.4 billion in total net new assets, a 48% increase from a year earlier. That’s more than the $130.2 billion analysts had forecast for the three months through September. […]
Federal Reserve Governor Stephen Miran said he would favor a half-point interest-rate cut this month, and repeated his view that trade tensions add uncertainty to the economy and increase downside risks to growth. “If monetary policy stays as restrictive as it is, and you have a shock like this hit the economy, it does materially […]
A battery-metals recycler that saw a 1,000% jump in its stock price in a year plummeted after a key US government grant was canceled. American Battery Technology Co. fell as much as 25% in pre-market trading on Thursday morning after the company said in a filing Wednesday that the US Department of Energy terminated a […]
(Reuters) -An investor group, including BlackRock and Nvidia, will buy Aligned Data Centers from Macquarie Asset Management in a deal worth $40 billion, the companies said on Wednesday, as AI infrastructure expansion powers on. The deal underscores an intensifying race to expand the costly, supply-constrained infrastructure required to develop artificial intelligence technology, as companies rush […]
Not even Fed Chair Jerome Powell could lift bitcoin out of the red. Following historic losses, triggered by escalating trade tensions between the US and China, cryptocurrency investors have tried to regain their footing. But it’s been a rough slog. Riding on the winds of a booming stock market and the prevailing sense that more […]
