World
Dow futures fall more than 100 points the day after Christmas: Live updates
A trader works on the floor of the New York Stock Exchange on Aug. 4, 2022. Source: NYSE Stock futures fell in morning trading Thursday as the market is set to give back some of the gains during the holiday week. Futures on the Dow Jones Industrial Average fell 150 points. S&P 500 futures dipped […]
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Larry Ellison wraps up banner year as Oracle’s stock rallies most since dot-com boom
Larry Ellison and Monica Seles and Bill Gates (back row) watch Carlos Alcaraz of Spain play against Alexander Zverev of Germany in their Quarterfinal match during the BNP Paribas Open in Indian Wells, California, on March 14, 2024. Clive Brunskill | Getty Images It’s been a good year for Larry Ellison. Oracle’s co-founder has gained […]
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South Korea’s Shinsegae to set up joint venture with Alibaba International
A customer looks at packages of vegetables at an E-Mart Inc. store in Seoul, South Korea, on Tuesday, Aug, 30, 2022. SeongJoon Cho | Bloomberg | Getty Images South Korean retailer Shinsegae plans to set up a joint venture with Alibaba International, Shinsegae affiliate E-Mart said on Thursday. The joint venture will be formed partly […]
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Trump takes aim at Canada, Greenland and the Panama Canal in Christmas Day posts
U.S. President-elect Donald Trump attends Turning Point USA’s AmericaFest in Phoenix, Arizona, U.S., December 22, 2024. Cheney Orr | Reuters President-elect Donald Trump took aim at Canada, Greenland and the Panama Canal in a series of Christmas Day social media posts that suggested the United States could take control of all three. Writing on his […]
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Bernstein names 2 top European semiconductor stock picks for 2025
Much of the European semiconductor industry may be “circumspect” on the outlook for 2025, but Bernstein sees good entry spots within the sector to play in the year ahead. “While continued strong China demand has driven [wafer fab equipment] to grow an estimated 10% in 2024, our latest outlook expects a flat-ish 2025 and a […]
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World Bank raises China’s GDP forecast for 2024, 2025
Densely built residential apartment developments near the Kangbashi New District of Ordos City, Inner Mongolia, China, on Aug. 16, 2011. Qilai Shen | Corbis Historical | Getty Images The World Bank raised on Thursday its forecast for China’s economic growth in 2024 and 2025, but warned that subdued household and business confidence, along with headwinds in the property sector, […]
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Japan’s budget to hit record, but with reduced new bond issuance, Reuters reports
Pedestrians walk past the Finance Ministry building in Tokyo March 13, 2009. Toru Hanai | Reuters Japan’s government is set to compile a record $735 billion budget for the fiscal year from April due to larger social security and debt-servicing costs, adding to the industrial world’s heaviest debt, a draft seen by Reuters showed. The 115.5 trillion […]
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Asia-Pacific stocks set to open higher; several markets closed for Boxing Day holiday
People standing outside astore at Pitt Street Mall in Sydney, New South Wales, Australia, on Boxing Day. Bloomberg | Bloomberg | Getty Images Asia-Pacific markets were set to open higher Thursday, with several markets remaining closed for Boxing Day. Japan’s Nikkei 225 futures pointed to a stronger open for the market, with the futures contract […]
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Asia’s year in review: Who had it good — and who had it bad — in 2024
This aerial picture shows flooded streets and buildings in Thai Nguyen on September 10, 2024, a few days after Super Typhoon Yagi hit northern Vietnam. Xuan Quang | Afp | Getty Images Curtis S. Chin, a former U.S. ambassador to the Asian Development Bank, is managing director of advisory firm RiverPeak Group. Jose B. Collazo […]
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Nvidia sees ‘remarkable’ influx of retail investor dollars as traders flock to AI darling
Jensen Huang, CEO of Nvidia, arrives for the Inaugural AI Insight Forum in the Russell Building on Capitol Hill on Sept. 13, 2023. Tom Williams | CQ-Roll Call, Inc. | Getty Images As Michael MacGillivray saw artificial intelligence becoming more ubiquitous in everyday life, the 25-year-old wanted his investments to reflect that. It didn’t take […]
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