NASDAQ 100 Index
The stock market believes Google is now winning the AI race over OpenAI, Nvidia
Alphabet-owned Google just gained a leg up over OpenAI’s ChatGPT, according to recent stock market performance. Shares of Alphabet and its chip partner Broadcom are surging this quarter as its new version of Gemini AI was released, while proxies for the private OpenAI — Nvidia and Microsoft — underperform. Google, once considered an AI laggard, […]
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All three of the core premises behind the bull market are coming under questioning
The bull market probably didn’t die last week. But its recent ructions might offer a glimpse of its eventual demise, the way bouts of angina can foreshadow a heart attack. The S & P 500 index survived the week virtually unchanged, but only after absorbing its third 3-4% pullback in five weeks, after going six […]
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Stock futures tick lower after Dow rallies to record high: Live updates
Traders work on the floor of the New York Stock Exchange. NYSE Stock futures came slightly under pressure Wednesday night after a continued market rotation powered the Dow Jones Industrial Average to fresh highs. Futures tied to the Dow Jones Industrial Average lost 26 points, or nearly 0.1%. The S&P futures shed 0.2%, while Nasdaq […]
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Luckin Coffee eyes U.S. relisting as five-year turnaround from fraud scandal takes hold
Key Points Luckin Coffee CEO Jinyi Guo said the company is preparing to relist in the U.S. The Xiamen-headquartered coffee chain was booted from the Nasdaq in 2020 after admitting to fabricating $310 million in 2019 revenue. Backed by top investor Centurium Capital, Luckin has rebounded to become China’s biggest coffee retailer, overtaking Starbucks, and […]
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Too early to bet against AI trade, State Street suggests
ETF Edge Too early to bet against AI trade, State Street suggests Published Sat, Nov 8 202511:00 AM EST Blair Bao WATCH LIVE Source
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Asia markets mostly poised to fall despite Wall Street tech rally
Pedestrians are reflected in a window as electronic boards display stock information at the Australian Securities Exchange, operated by ASX Ltd. on Aug. 6, 2024 in Sydney, Australia. Lisa Maree Williams | Getty Images News | Getty Images Asia Pacific markets were mostly set to fall Tuesday, breaking ranks from Wall Street, which saw a […]
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CNBC Daily Open: We are all farmers hoping for the end of the U.S.-China trade war
U.S. President Donald Trump poses for a photo with China’s President Xi Jinping before their bilateral meeting during the G20 leaders summit in Osaka, Japan, June 29, 2019. Kevin Lamarque | Reuters The mere prospect of a U.S.-China trade deal is enough to send global markets higher. On Monday stateside, the S&P 500, Dow Jones […]
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Gold is getting knocked on Tuesday – it’s still the hottest trade of the year
While gold was taking a hit on Tuesday, the metals trade has outshined artificial intelligence on Wall Street this year, even the latter has propelled the broader stock market to record levels. Gold crossed the $4,000-per-ounce threshold earlier in October, and just this week, it hit a record above $4,300 . It’s currently up more […]
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UBS bets on these European sectors to avoid currency and political uncertainty
While Europe isn’t directly impacted by U.S. President Donald Trump’s latest tariff threats , it could have a knock-on effect on European exports if the dollar continues to weaken. With the euro strong in comparison, Gerry Fowler, who head up UBS ‘ U.S. and European equity and derivative strategy team, expects European exports to feel […]
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The AI trade could rapidly unravel – and one hedge fund is preparing for the fallout
The AI boom is turbo-charging technology stocks, pushing the S & P 500 , the Nasdaq and Dow Jones to fresh record highs. But Karim Moussalem, chief investment officer of equities at Selwood Asset Management, sees “enormous risks” on the horizon for the AI trade which could rapidly unravel — and he is positioning his […]
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