Day: December 4, 2024
Asia-Pacific markets set to open mixed after key Wall Street benchmarks hit record highs
Commercial and residential buildings are illuminated at dawn in Seoul, South Korea, on Saturday, Oct. 21, 2023. South Korea has prepared a financial support program of 75.9 trillion won ($56.97 billion) for companies increasing investment in key sectors as well as small businesses struggling with the impact of high interest rates. Bloomberg | Bloomberg | Getty […]
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‘It is key to remain invested,’ Julius Baer portfolio manager says. Here’s how she’s investing
The persistent uncertainty in financial markets has raised questions on portfolio construction and how to invest across asset classes as 2025 nears. One long-term investor is now playing the market by staying invested and being well-diversified. “We believe it is key to remain invested and view any potential corrections as technical and temporary opportunities to […]
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Is it time to short the dollar? UBS and others think so
The U.S. dollar has surged since September, but some financial institutions are suggesting investors should bet against further strength in the greenback. Investment bank UBS has taken a contrarian stance, warning investors not to chase the dollar’s recent gains. “We caution against chasing USD strength; instead, we suggest selling dollar upside potential for yield pickup,” […]
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Food prices are at their highest levels in over a year. And these items will get even more expensive
Athvisions | E+ | Getty Images Global food prices recently rose to an 18-month high, with some food baskets expected to continue climbing, according to market watchers. In October, world food commodity prices were at their highest since April 2023, according to the most recent data compiled by the United Nations’ Food and Agriculture Organization. […]
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Google CEO Sundar Pichai says he’d love to do side-by-side comparison with Microsoft’s AI models
Google CEO Sundar Pichai speaks in conversation with Emily Chang during the APEC CEO Summit at Moscone West on November 16, 2023 in San Francisco, California. The APEC summit is being held in San Francisco and runs through November 17. Justin Sullivan | Getty Images News | Getty Images Alphabet CEO Sundar Pichai is challenging […]
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Far from a bazooka, China’s stimulus measures are just trickling through the economy
Key Points China’s latest efforts to kickstart growth are just trickling through the economy, data and company earnings show. “While it will take some time for the positive effect to fully materialize and to further [expand] to more consumption categories, we are confident that these policies will gradually provide more support for the real economy,” […]
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Jeff Bezos says he’s optimistic about Trump, will help with reducing regulation
Jeff Bezos, founder and executive chairman of Amazon and owner of the Washington Post, takes the stage during the New York Times annual DealBook summit at Jazz at Lincoln Center on December 04, 2024 in New York City. Michael M. Santiago | Getty Images Amazon founder Jeff Bezos spoke optimistically of President-elect Donald Trump Wednesday […]
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Alibaba-backed Xreal launches augmented reality glasses with new chip as Meta rivalry heats up
The Xreal One Series features the X1 chip which is the company’s first self-designed processor for its glasses. Xreal Xreal on Wednesday launched its latest generation of augmented reality (AR) glasses as it looks to fend off competition from the likes of Meta and Snap. The company, which is backed by Chinese e-commerce giant Alibaba, […]
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JetBlue cuts more unprofitable routes, tweaks Europe flights
Silhouette of passenger in front of the JetBlue Airbus A321neo aircraft spotted on the apron tarmac docked at the passenger jet bridge from the terminal of Amsterdam Schiphol International Airport AMS EHAM in the Netherlands. Nicholas Economou | Nurphoto | Getty Images JetBlue Airways told staff Wednesday that it is axing more unprofitable flights, redeploying […]
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Stocks making the biggest moves after hours: American Eagle Outfitters, Five Below, Synopsys and more
Check out the companies making headlines in after-hours trading. American Eagle Outfitters – Shares plunged 12% after the retailer reported weaker-than-expected revenue for the third quarter. For the period, American Eagle posted $1.29 billion in revenue, below the consensus estimate of $1.30 billion, according to LSEG. The retailer also offered a weak holiday outlook and […]
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