Day: December 16, 2024
Stock futures are flat after Dow notches longest losing streak since 2018: Live updates
Traders work on the floor of the New York Stock Exchange during afternoon trading on Sept. 5, 2024. Michael M. Santiago | Getty Images Stock futures inched lower after the Dow Jones Industrial Average registered its longest losing streak since 2018. Futures tied to the Dow dipped 45 points, or 0.1%. S&P 500 futures edged […]
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China wants to dominate in AI — and some of its models are already beating their U.S. rivals
China is focusing on large language models (LLMs) in the artificial intelligence space. Blackdovfx | Istock | Getty Images China’s attempts to dominate the world of artificial intelligence could be paying off, with industry insiders and technology analysts telling CNBC that Chinese AI models are already hugely popular and are keeping pace with — and […]
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3 reasons why smaller European stocks are about to outperform: Deutsche Bank
Deutsche Bank strategists are expecting smaller European stocks to significantly outperform their larger counterparts in the coming months, citing three key factors that could drive this growth. The bank maintains its positive outlook on the European small and mid-sized companies, despite their underperformance compared to larger companies during early 2024. An ETF tracking the MSCI […]
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The future of meat? Inside the Oxford-based startup turning cells into ‘steaks’
On the outskirts of Oxford, U.K. sits Ivy Farm Technologies. Only, it’s not a farm quite like we know it. Founded in 2019 as a spin out from the University of Oxford, the company produces lab-grown meat. Its headquarters house its laboratory and production facility. Cultivated meat is made by a process of extracting cells […]
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TikTok asks Supreme Court to block U.S. ban pending appeal
An advocate holds a sign for TikTok following a news conference outside the US Capitol in Washington, DC, US, on Tuesday, March 12, 2024. Graeme Sloan | Bloomberg | Getty Images TikTok asked the Supreme Court on Monday to block a law that could effectively ban the popular social media app in the United States […]
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Broadcom jumps 11%, extending record run as Goldman expresses ‘higher conviction’
Broadcom CEO Hock Tan. Lucas Jackson | Reuters After topping $1 trillion in market cap on Friday and soaring 24% for its best day on record, Broadcom’s stock jumped another 11% on Monday, driven by increased price targets from Wall Street. The latest rally was spurred by Broadcom’s better-than-expected earnings report late Thursday, and an […]
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Super Micro slides 7% after stock is dropped from Nasdaq 100
Super Micro Computer CEO Charles Liang appears the Computex conference in Taipei, Taiwan, on June 5, 2024. Annabelle Chih | Bloomberg | Getty Images Super Micro Computer joined the Nasdaq 100 in July. Five months later, it’s out, and the stock is down 7% on the news. Nasdaq said late Friday that Super Micro is […]
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These stocks are still a bargain relative to the expensive S&P 500
There are still stock market bargains to be found heading into 2025, despite the S & P 500’s lofty valuation. Stocks have grown increasingly expensive as the broad market index soared in 2024. The S & P 500’s price-to-earnings ratio based on the next 12 months’ earnings is currently 22.31, according to FactSet data, compared […]
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Canada finance minister quits after clash with Trudeau, deals blow to government
Canada’s Deputy Prime Minister and Minister of Finance Chrystia Freeland, and Canada’s Prime Minister Justin Trudeau speak at a news conference in Ottawa, Ontario, Canada, October 6, 2021. Patrick Doyle | Reuters Canada’s Finance Minister Chrystia Freeland quit on Monday after clashing with Prime Minister Justin Trudeau on issues including how to handle possible U.S. […]
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Stocks making the biggest moves midday: Nvidia, Broadcom, MicroStrategy, Super Micro Computer and more
Check out the companies making headlines in midday trading: Nvidia — Shares slipped roughly 2%, putting the artificial intelligence chipmaker officially in correction territory after tumultuous trading over the past month. MicroStrategy — The bitcoin proxy stock rose more than 6% after Nasdaq announced MicroStrategy will be added to the tech-heavy Nasdaq-100 index . This […]
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