Key Points
- Chip and tech stocks across Asia opened sharply lower Wednesday morning, following a steep plunge in Nvidia’s share price in the U.S. overnight.
Asian chip stocks fall after Nvidia sell-off on Wall Street overnight
Finance
David Einhorn says the Fed will cut ‘substantially more’ than two times. So he’s betting big on gold
Key Points David Einhorn of Greenlight Capital anticipates the Federal Reserve will cut more than twice in 2026, which is what traders have priced in. Einhorn owns gold and Secured Overnight Financing Rate, or SOFR, futures. Gold has seen massive gains in recent years, though it faced some pressure last month following President Donald Trump’s […]
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Finance
Stocks making the biggest moves premarket: Lyft, Moderna, Cloudflare, Ford, Zillow Group and more
Check out the companies making headlines before the bell: Moderna — Shares tumbled 10% after the pharma giant said the Food and Drug Administration refused to review its application for an experimental flu shot, mRNA-1010. Moderna said it has requested a meeting with the FDA to “understand the path forward.” Humana — The health insurance company […]
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Finance
Crypto’s ‘age of speculation’ may be over, says Galaxy CEO Mike Novogratz
Key Points Bitcoin is down more than 21% so far this year, and nearly 50% from its peak in October. Galaxy CEO Mike Novogratz said crypto’s “age of speculation,” where investors expected outsized returns, may be ending as more risk-adverse players enter the sector. “It’s going to be real world assets with much lower returns,” […]
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