Major European and Asian stock markets mostly gained and the dollar firmed against main rivals Wednesday following a positive lead from Wall Street, as all eyes turned to upcoming results from artificial-intelligence giant Nvidia. London was up 0.2 percent in late morning deals as a 20-percent surge in the share price of accounting-software group Sage … Read more
Markets rose Tuesday after a broadly positive day on Wall Street, with focus turning to the upcoming release of tech giant Nvidia’s earnings, while traders also kept tabs on Donald Trump’s picks for his new administration. Hong Kong and Shanghai were among the better performers in early action on hopes that China will unveil more … Read more
CNBC’s Jim Cramer made the case for owning Tesla stock, saying it’s worthwhile not because President-elect Donald Trump reportedly wants to relax U.S. self-driving rules, but because of CEO Elon Musk himself. “While I don’t buy the national self-driving mandate, I think nothing truly dulls the case for owning Tesla,” he said. “The Musk premium … Read more
European and Asian stock markets slid Tuesday on worries of a possible trade war between China and the United States when Donald Trump takes over as president, analysts said. Chinese stocks were already under pressure from disappointment about Beijing’s lack of extra measures to boost China’s stuttering economy. The sell-off came despite another record close … Read more
A car with autonomous driving system by Alibaba-backed DeepRoute.ai, drives on a street in Shenzhen, Guangdong province, China July 27, 2022. David Kirton | Reuters BEIJING — Deeproute.ai, a Chinese startup developing autonomous driving systems, announced a $100 million funding round Tuesday from an undisclosed automaker, while emphasizing close ties with chipmaker Nvidia. Pitchbook data … Read more
Chinese smartphone company Xiaomi on Tuesday announced a sports car version of its SU7 electric sedan would begin preorders for the equivalent of more than $110,000. Luna Lin | Afp | Getty Images BEIJING — China’s Xiaomi said Tuesday that it had delivered more than 20,000 SU7 EVs in October as it ramps up production … Read more
Global stock markets diverged Friday after tame tech earnings and investor jitters less than a week before a neck-and-neck US presidential election. Oil prices gained following reports that Iran was planning a major retaliatory strike on Israel as analysts say geopolitical fears have crept back into markets. Big tech delivered a mixed bag of earnings … Read more
Most major global stock markets rose on Tuesday with investors looking ahead to the release of US economic data and the earnings reports of tech titans this week. Oil prices rebounded after a sharp fall the previous day on relief that Israel’s strikes on Iran spared the country’s energy infrastructure. Concerns in the oil market … Read more
Royal Caribbean’s “Icon of the Seas,” billed as the world’s largest cruise ship, sails from the Port of Miami in Miami, Florida, on its maiden cruise, on Jan. 27, 2024. Marco Bello | Afp | Getty Images The demand for cruises is still going strong — and it doesn’t appear to be letting up anytime … Read more
Elon Musk attends a discussion session during the Cannes Lions International Festival Of Creativity in Cannes, France, June 19, 2024. Marc Piasecki | Getty Images A day after its sharpest rally since 2013, Tesla’s stock on Friday closed at its highest in more than a year as investors and analysts continued to applaud the electric … Read more
