World
Asia markets rise after Wall Street soars on soft inflation data; Japan GDP shrinks
A man looks at an electronic quotation board displaying stock prices on the Tokyo Stock Exchange in Tokyo on August 2, 2022. Kazuhiro Nogi | AFP | Getty Images Asia-Pacific stocks rose Thursday after Wall Street benchmarks closed at record highs on soft inflation data, while investors assessed Japan GDP data. U.S. consumer price index […]
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Citi names one under-the-radar stock to buy on an AI opportunity, giving it 22% upside
Citi recently named one under-the-radar company to buy on a “data and AI opportunity.” That’s U.S.-listed ExlService Holdings , an analytics and digital solutions company. “With AI, EXLS views its differentiation and opportunity in its ability to combine domain, data, and AI expertise to embed AI into client workflows and fine-tune models to get higher […]
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Many Indian stocks are in a ‘bubble,’ investor says, revealing the stock he just sold
India’s mid-cap stocks are in a “bubble” despite the country’s promising economic prospects, according to contrarian fund manager Jonathan Pines. Pines, who runs Federated Hermes’ $3.1 billion Asia ex-Japan fund , believes there is a disconnect between the nation’s growth potential and current stock market valuations. “If you were a top-down investor, India looks amazing […]
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David Tepper’s Appaloosa is betting big on Chinese tech stocks
Billionaire investor David Tepper’s hedge fund increased its bets on Chinese tech stocks during the first three months of 2024, while dialing back exposure to some key domestic names. Appaloosa Management’s quarterly report on Wednesday showed that Alibaba is now its top holding after buying several hundred million dollars worth of shares. Similarly, the fund […]
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Warren Buffett’s Berkshire Hathaway reveals insurer Chubb as confidential stock it’s been buying
Warren Buffett speaks during the Berkshire Hathaway Annual Shareholders Meeting in Omaha, Nebraska on May 4, 2024. CNBC Warren Buffett finally revealed his secret stock pick in a new regulatory filing, and it’s insurer Chubb. His conglomerate Berkshire Hathaway has bought nearly 26 million shares of Zurich-based Chubb for a stake worth $6.7 billion. The […]
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Dell surges 9% on optimism it has secured big AI server orders
Michael Dell, Chairman and CEO of Dell Technologies, is speaking at the Mobile World Congress 2024 in Barcelona, Spain, on February 27, 2024. Joan Cros | Nurphoto | Getty Images Dell shares rose more than 9% on Wednesday to an all-time high after Morgan Stanley raised its price target and predicted that the company would […]
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Bitcoin rises above $65,000 after CPI report shows inflation easing in April: CNBC Crypto World
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email CNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what’s ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today’s show, Rob Hadick, […]
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Bitcoin is having its best day since March following cooler April inflation reading
Nicolas Economou | Nurphoto | Getty Images Bitcoin jumped with stocks on Wednesday after the April consumer price index showed inflation eased from the previous month. The price of the cryptocurrency was last higher by more than 5% at $64,910.57, according to Coin Metrics, and on pace for its best day since March 25. At […]
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‘Big Short’ trader Michael Burry piles into physical gold fund, building it his major bet
Michael Burry, known for contacting the subprime home finance loan crisis, piled into a actual physical gold rely on in the to start with quarter, making it his most important wager, in accordance to a new regulatory submitting. Burry, who now manages hedge fund Scion Asset Management, bought much more than 440,000 units of the Sprott […]
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Warren Buffett downsized his Apple stake for tax explanations. This is what it implies
Warren Buffett astonished several by promoting a considerable part of his gigantic Apple stake, and his explanation for the sale was even more stunning. Buffett, who trimmed Berkshire Hathaway’s Apple holding by 13% in the very first quarter right after reaping great gains, advised that the sale was for tax explanations. He implied the sale […]
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