EXCLUSIVE – Chinese state banks witnessed dollar-to-yuan selling in London and New York for hours
SHANGHAI (Reuters) – Major Chinese state-owned banks have been seen busy selling U.S. dollars to buy yuan on onshore and offshore spot foreign exchange markets this week,…
Cisco gains after the CEO points to advances in artificial intelligence and security
(Bloomberg) — Cisco Systems Inc. Inc., the largest maker of computer networking equipment, is in late trading after the company outlined advances in artificial intelligence and security…
Bonds are issuing a warning about mounting US debt, said veterinarian Ed Yardini, and markets will be affected if Treasury yields rise much more.
A trader interacts while working on the floor of the New York Stock Exchange (NYSE) in New York, US, March 18, 2020.Lucas Jackson/Reuters Ed Yardini said the…
Nvidia’s earnings will be the biggest test of the AI hype cycle
This article first appeared in Yahoo Finance Tech, a weekly newsletter highlighting our original content on the industry. Get it straight to your inbox every Wednesday. Participate….
Target earnings exceed expectations. The arrow goes up.
font size Target lowered its full-year earnings guidance, citing recent sales trends. Justin Sullivan/Getty Images Goal It beat analyst expectations for second-quarter earnings, sending shares higher on…
Coherent, Cava, Tower Semi, DLocal, VinFast, and More Stock Market Movers
font size Stock futures rose modestly on Wednesday. Dream time Stock futures pointed to a slight uptick at the start of Wall Street on Wednesday after stocks…
Intel cancels $5.4 billion tower deal without Chinese approval
(Bloomberg) — Intel is expected to cancel its planned $5.4 billion acquisition of Tower Semiconductor Ltd. With time running out to win regulatory approval, according to people…
China’s shadow bank has missed dozens of payments as risks mount
(Bloomberg) — Zhongrong International Trust has missed payments on dozens of products and has no immediate plan to get customers full, suggesting that problems at China’s beleaguered…
Nvidia’s upcoming earnings could send the entire stock market higher as the AI frenzy continues on Wall Street
Nvidia CEO Jensen Huang.Kim Kulish/Corbis/Getty Images Nvidia reports earnings next week, and the chip maker’s results alone could swing the stock market. This is according to Gene…
VinFast’s $65 Billion Valuation De-SPAC Overtakes Ford and General Motors
(Bloomberg) — VinFast Auto Ltd. has soared in its public start, outperforming its market value beyond General Motors Corp. and Ford Motor Co., as traders flipped shares…
Warren Buffett bought 3 new shares – all of which the ITB ETF owns
Warren Buffett He is widely recognized as the greatest investor of all time, so when he buys new stocks, investors tend to pay attention. According to the…
SE Equity: Sea Crash in a Quarterly Miss
Internet service company in Southeast Asia Sea Ltd. (SE) on Tuesday to its lowest level since November 2022 after reporting second-quarter revenue that fell short of analysts’…
J&J’s Kenvo deal may be very popular. What happens if it is.
font size Johnson & Johnson took consumer health company Kenvue public in May. Mark Ralston / Getty Images Johnson and Johnson ‘s $40 billion stock exchange offer…
The best ratios for withdrawing from your retirement account, according to Edward Jones
A couple looks at their retirement plan while sitting in their kitchen. One of the most important retirement decisions is choosing how much you want to withdraw…
VinFast’s new EV stock begins trading today. It’s worth more than Ford, General Motors.
font size 2023 VinFast VF9. Courtesy of VinFast Investors still relish the appetite for electric vehicle startups backed by SPACs. Just look at the amazing debut of…
Spot stock dips after CEO Roger Hochschild’s exit
Shares of Discover Financial fell more than 9% on Tuesday after the Riverwoods-Ill. Roger Hochschild is stepping down as CEO, effective immediately. The company said after markets…
JNJ Kenvue exchange offer is almost here. What are you doing now.
font size Campus of Johnson & Johnson in Irvine, California. Mario Tama/Getty Images It is a difficult time for investors Johnson & Johnson who need to decide…
Jim Cramer believes that people who say AI is hype are “just kidding themselves”
2023 has been a strong year for US markets so far, with the S&P 500 (INDEX: .INX) up 17%. This has led tech giants like Apple company…
The debate over interest rates at the Fed is shifting
(Bloomberg) — As Federal Reserve officials near the end of their tightening campaign, the debate is shifting from how high interest rates need to be to how…
China is cutting the rate by the most since 2020 as economic woes worsen
(Bloomberg) — China’s central bank unexpectedly cut its key interest rate by the most since 2020 to prop up an economy that faces new risks from deteriorating…
The future of the Hawaiian Electric Company is in doubt after the billion-dollar collapse
(Bloomberg) — The Hawaiian Electric Company, which supplies energy to nearly 95% of the state’s population, traces its roots back to 1891, just a decade after King…
$138 billion from China’s shadow bank spirals into a terrible time for Xi
(Bloomberg) – Zhongzhi Enterprise Group Co., Ltd. In 1995 as a timber company, it has grown into a financial conglomerate with more than 1 trillion yuan ($138…
Buffett’s Berkshire Hathaway unveils new homebuilding bets with stakes of DR Horton, Lennar and NVR
Warren Buffett’s Berkshire Hathaway (BRK-A, BRK-B) revealed new positions in three US homebuilders on Monday, sending shares of each firm higher as the billionaire bets on the…