World
China threatens to retaliate over U.S. bill that could shutter Hong Kong trade offices
An exterior view of the U.S. Capitol in Washington, DC on September 9, 2024. Members of the Senate and U.S. House of Representatives return to the Nation’s capitol, following their August recess. Bonnie Cash | Getty Images News | Getty Images American lawmakers have passed a bipartisan bill that could eventually lead to the shuttering […]
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Asian chip-related stocks rally on renewed AI optimism after Nvidia CEO comments
Jensen Huang, co-founder and chief executive officer of Nvidia Corp., speaks during an event in Taipei, Taiwan, on Sunday, June 2, 2024. Annabelle Chih | Bloomberg | Getty Images Asian chipmaking heavyweights extended Wall Street’s rally as Nvidia CEO Jensen Huang made bullish comments about the AI darling’s outlook. The founder of the artificial intelligence […]
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European Central Bank poised to resume its rate-cutting cycle: Live updates
ECB likely to reduce rates in September — but no further cuts expected this year, economist says The big question for many market participants on Thursday is not whether the European Central Bank will cut interest rates — but what comes next. “I think that it is broad consensus not only among economists but also […]
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Oprah and Diane von Furstenberg slam assault on women’s reproductive rights
Designer Diane von Furstenberg and Oprah Winfrey speaks onstage at the 3rd annual Diane Von Furstenberg awards at the United Nations on March 9, 2012 in New York City. Andrew H. Walker | Getty Images Entertainment | Getty Images Oprah Winfrey and Diane von Furstenberg have doubled down on their support for Democratic presidential nominee […]
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U.S. supports two permanent UN Security Council seats for Africa, Reuters reports
The United States supports creating two permanent United Nations Security Council seats for African states and one seat to be rotated among small island developing states, U.S. Ambassador to the U.N. Linda Thomas-Greenfield will announce on Thursday. Eduardo Munoz | Reuters The United States supports creating two permanent United Nations Security Council seats for African states and one seat to be rotated among small island developing […]
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Taiwan jumps almost 3% as tech stocks rally, leading Asia-Pacific markets higher
TSMC offices in San Jose, California, US, on Thursday, April 18, 2024. David Paul Morris | Bloomberg | Getty Images Asia-Pacific markets opened higher on Thursday, tracking gains on Wall Street fueled by a tech rally. Japan’s Nikkei 225 jumped 2.77% and the broad-based Topix advanced 1.91%. Semiconductor related stocks Tokyo Electron rose 3.56%, Advantest […]
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Ford in talks to restart making cars in India for export
A Ford logo is seen at the New York International Auto Show Press Preview, in Manhattan, New York City, U.S., March 27, 2024. David Dee Delgado | Reuters Ford Motor held talks with India’s Tamil Nadu state to explore producing vehicles for export, the state’s chief minister said, potentially signaling that the U.S. carmaker could restart production in India after exiting the country three years ago. Ford stopped […]
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Samsung Electronics plans global job cuts of up to 30% in some divisions: Reuters, citing sources
Samsung Electronics, the world’s top maker of smartphones, TVs and memory chips, is cutting up to 30% of its overseas staff at some divisions, three sources with direct knowledge of the matter told Reuters. Jakub Porzycki | Nurphoto | Getty Images Samsung Electronics, the world’s top maker of smartphones, TVs and memory chips, is cutting up to 30% of its […]
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Chip stocks have been through wild swings, but analysts still like these names — giving one 97% upside
Semiconductor stocks have been volatile. Last Friday, the VanEck Semiconductor ETF fell 11.6% in a day. Overall, the index has plunged 26% since mid-August, including Friday’s declines. Before that, the index was going through wild swings, first diving in July before recovering in early August, then tumbling again. The ETF is still up about 27% […]
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Stock futures inch lower as investors brace for more inflation and labor data: Live updates
Traders work on the floor of the New York Stock Exchange during morning trading on September 04, 2024 in New York City. Michael M. Santiago | Getty Images U.S. stock futures inched lower Wednesday night as investors brace for more inflation and labor data, following a volatile session spurred by the release of the August […]
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