World
Shares of LVMH drop 5% as full-year results throw doubt on broad luxury recovery
A photograph taken on April 23, 2024 shows a view of the new Louis Vuitton luxury shop belonging to French luxury group LVMH Moet Hennessy Louis Vuitton SA, on the Champs Elysee avenue in Paris. Julien De Rosa | Afp | Getty Images Shares of LVMH dropped 5% on Wednesday after slightly better-than-expected annual results […]
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Europe stocks set for mixed open ahead of Fed decision; ASML beats estimates as tech jitters ease
Critical chip firm ASML posts quarterly bookings surge on heated AI demand Dutch semiconductor giant ASML on Wednesday reported a big jump in fourth-quarter net bookings, suggesting strong demand for its advanced chipmaking tools even as DeepSeek’s low-cost model raises concerns over AI spending. Here’s how ASML did versus LSEG consensus estimates for the fourth quarter: Net […]
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Sony’s Totoki takes CEO role, cementing leadership position
Sony headphones are displayed at a Best Buy store on December 17, 2024 in San Rafael, California. Justin Sullivan | Getty Images Sony Group President Hiroki Totoki will add the CEO role from April 1, while incumbent Chairman and CEO Kenichiro Yoshida will remain as chairman, the entertainment and technology conglomerate said on Wednesday. The […]
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Colombia is set to outperform after passing the ‘Trump test,’ pros say
Colombia remains a favorite market for some strategists and fund managers, despite some geopolitical tensions with the U.S., thanks to the country’s value proposition and growing economy. U.S. President Donald Trump threatened on Sunday to impose immediate tariffs on the South American country because it turned back aircraft carrying deported migrants. After Colombia reached a […]
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Stock futures are little changed as investors await Federal Reserve’s interest rate decision: Live updates
Broad indexes would suffer in 2025 if tech falters, but average stock hold up, Capital Economics says Broad stock market indexes would suffer in 2025 if Big Tech leaders continue to falter but the average stock is likely to “hold up well,” according to Capital Economics senior markets economist James Reilly. Although the S&P 500 […]
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Foreign investors are fleeing India’s stock market — but analysts see long-term potential
A pedestrian wearing a protective mask walking past the Bombay Stock Exchange (BSE) building in Mumbai, India. The Nifty 50 and Sensex recently slid to their lowest in more than six months Bloomberg | Bloomberg | Getty Images Indian equities have been sliding since September, as foreign investors spooked by a slowdown in the country’s economy […]
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Australia stocks rise as Wall Street stages a sharp recovery; most Asia markets closed for holiday
Cityscape image of Sydney, Australia with Harbor Bridge and Sydney skyline during sunset. Vacation and travel in Australia. Prasit Photo | Moment | Getty Images Australian stocks rose 0.38% Wednesday as Wall Street rebounded overnight, while several Asia-Pacific markets were closed for the Lunar New Year holiday. Australia is slated to release its inflation data later […]
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Portfolio manager pours cold water on Nvidia’s stock bounce back
Fund manager Dan Niles has thrown cold water over Nvidia‘s tentative recovery from Monday’s share price fall, warning that the chipmaker’s stock might not have hit the bottom. Shares in Nvidia slid 16.9% on Monday after Chinese startup DeepSeek claimed its free, open-source large language model was built in just two months costing $6 million, a fraction […]
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The Fed meets for the first time since Trump’s term started. Here’s what to expect
US Federal Reserve Chairman Jerome Powell speaks at a press conference after the Monetary Policy Committee meeting in Washington, DC, on December 18, 2024. Andrew Caballero-Reynolds | AFP | Getty Images The Federal Reserve gathers this week for the first time in the second presidential term of Donald Trump, who has already signaled that he […]
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There’s still value for Nvidia despite DeepSeek threat, says strategist Jay Woods
There’s more gains ahead for shares of Nvidia despite the emergence of AI startup DeepSeek, according to Jay Woods, chief global strategist of Freedom Capital Markets. Woods joined CNBC’s ” Power Lunch ” on Tuesday to share his take on the AI chipmaker. Here’s what he had to say during the segment’s “Three-Stock Lunch.” Nvidia […]
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