Markets
Alibaba’s international arm says its new AI translation tool beats Google and ChatGPT
Chinese e-commerce company Alibaba has invested heavily in its fast-growing international business as growth slows for its China-focused Taobao and Tmall business. Nurphoto | Nurphoto | Getty Images BEIJING — Chinese e-commerce giant Alibaba‘s international arm on Wednesday launched an updated version of its artificial intelligence-powered translation tool that, it says, is better than products […]
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CNBC Daily Open: Bullish sentiment and broadening rally – plenty to like about markets
Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., May 17, 2024. Brendan McDermid | Reuters This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. […]
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Japan’s Nikkei leads declines in Asia-Pacific markets after Wall Street falls
Illuminated skyscrapers stand at the central business district at sunset on November 13, 2023 in Beijing, China. Vcg | Visual China Group | Getty Images Asia-Pacific markets opened lower Wednesday, with Japan’s Nikkei leading losses, following declines on Wall Street. Investors will be watching for more stimulus measures to prop up the real estate sector […]
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Stock futures are little changed after S&P 500 slips from record highs: Live updates
Stock futures were calm on Tuesday evening as Wall Street looks to see whether equities can be rebound to record highs this week. Futures tied to the S&P 500 were down 0.1%. Nasdaq 100 futures ticked lower by 0.1%, while Dow Jones Industrial Average futures shed just 37 points. The Dow and S&P 500 both […]
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Election prediction markets are in a sprint to prove themselves as forecasting and investing tools
Traders, gamblers and politicos now have new tools to express their views this election cycle in the form of event contracts, but the new markets still need to win over Wall Street power players and the legal system to become investment stars. Kalshi and Interactive Brokers launched presidential election contracts this month on their nascent […]
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United Airlines plans $1.5 billion share buyback, forecasts fourth-quarter earnings above estimates
A United Airlines Boeing 737-MAX 8 aircraft departs at San Diego International Airport en route to New York on Aug. 24, 2024. Kevin Carter | Getty Images United Airlines said Tuesday that it is starting a $1.5 billion share buyback as the carrier reported higher-than-expected earnings for the busy summer travel season and forecast strong […]
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Trump Media shares halted after sudden DJT stock plunge
In this photo illustration, Republican presidential candidate former President Donald Trump’s social media platform Truth Social is shown on a cell phone on March 25, 2024 in Chicago, Illinois. Scott Olson | Getty Images Trading in Trump Media shares was briefly halted Tuesday due to volatility, after the Truth Social owner’s stock suddenly plunged in […]
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There’s more upside ahead for this AI derivative play, according to the charts
The AI trade is powering ahead as the markets are seeing a rotation back into the semiconductor, hardware and software companies that are driving the revolution. One industrial company on my radar — that I don’t yet have a position in — is Vertiv (VRT) . The company provides liquid cooling systems for data centers […]
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Stocks making the biggest moves midday: ASML, UnitedHealth, Walgreens Boots Alliance and more
Check out the companies making headlines in midday trading: UnitedHealth — Shares plunged 7.2% after the health-care giant lowered its earnings guidance due to ongoing headwinds from a cyberattack earlier in the year. UnitedHealth cut the top end of its full-year earnings forecast, which is now $27.50 to $27.75 per share, compared to previous guidance […]
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Chip firm ASML shares fall 15% on disappointing sales outlook in surprise earnings release
An icon of ASML is displayed on a smartphone, with an ASML chip visible in the background. Nurphoto | Nurphoto | Getty Images Shares in semiconductor equipment maker ASML fell over 15% Tuesday after the Dutch company’s results were released a day early. The move pulled other chip stocks lower, with Nvidia, Advanced Micro Devices and Broadcom all […]
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