Friday’s debt-ceiling meeting between President Joe Biden and House Speaker Kevin McCarthy has been postponed until next week to give the staff more time.
SoftBank Group Corp. shares dropped after its Vision Fund investment arm lost money again in the latest quarter ended, despite a rebound in tech stocks.
SoftBank Group Corp.’s mobile unit has declared it’s joining a global race to build a version of ChatGPT, sending a clutch of AI-related Japanese companies surging Thursday.
Signs of moderating price pressures in April will give Federal Reserve officials room to pause their aggressive tightening campaign next month, though inflation is still running too hot for policymakers to consider cutting interest rates.
Share repurchases, or stock buybacks, have appeared over and over in tech companies earnings this year. But they might be misunderstood, according to Cornell University assistant professor Nick Guest.
House Speaker Kevin McCarthy suggested a debt-ceiling meeting with President Joe Biden Tuesday didn’t break any new ground but both sides offered glimmers of hope that the looming crisis can still eventually be averted.
Despite the strong jobs numbers for April, the overall economic outlook heading toward the second half of the year remains grim. Against a backdrop of elevated interest rates and recent bank failures, the odds of a recession hitting later this year are up
US interest-rate strategists at Goldman Sachs Group Inc. joined those at Barclays Plc in advising customers the Federal Reserve will be less aggressive in cutting interest rates this year than markets are predicting.
The selloff in US bank shares is threatening to push them below a technical threshold that could signal more pain ahead for the broader stock market.
Chinese stocks are likely to rebound on an expected revival in company earnings from this quarter, according to the co-manager of a Vontobel Holding AG emerging-market equity fund.
Japan’s biggest life insurers are sticking with plans to reduce holdings of currency-hedged foreign debt this year and buying bonds at home amid speculation of central bank policy tweaks.
First Republic is on the edge, with the stock down another 41% on Wednesday. Its now down 95% for the year to date.
Big tech stocks have surged this year, rebounding after a tough 2022. Alphabet, Amazon, Meta, and Microsoft are all set to report their first-quarter results this week. Cost cuts, the economy, and AI are likely to be the key themes for tech stocks this
China is the worlds No. 2 economy and home to dozens of companies that trade in the U.S. Right now, Trip.com (TCOM), Alibaba (BABA), Tesla (TSLA) rival BYD (BYDDF), Li Auto (LI) and NetEase (NTES) are China stocks worth watching or potentially buying.
Elon Musk touched upon many themes on Tesla’s recent earnings call, one of which was the lack of lithium refining options. Given lithium is an essential component in EV batteries, there is an unmet need for refined lithium in the EV industry.
