Reported 17 days ago
Broadcom's stock experienced a decline after a significant surge due to its partnership with OpenAI to develop AI accelerator and network systems. Following a 10% rise on Monday, shares fell nearly 4% on Tuesday, leading investors to watch critical price levels at $374 and $415 for potential gains, as well as support levels around $324 and $291 for cautious trading.
Source: YAHOO
Reported 17 days ago
Goldman Sachs announced a 37% increase in third-quarter profits, reaching $4.1 billion, amidst a thriving investment banking climate driven by a booming stock market and increased merger activity. Despite this growth, CEO David Solomon warned of impending layoffs, targeting low performers and roles that could be replaced by AI, as part of an effort to manage risks in a volatile market. The bank plans to maintain a net increase in employees by reallocating cost savings to current staff and new hires.
Source: YAHOO
Reported 17 days ago
Yahoo Finance's Julie Hyman discusses key market developments, including Walmart's partnership with OpenAI to enable shopping through ChatGPT, Albertsons exceeding Q2 earnings expectations and announcing a substantial share buyback, and Rayonier's $3.4 billion acquisition of Potlach Deltic, forming a leading timber company in North America.
Source: YAHOO
Reported 17 days ago
Source: YAHOO
Reported 17 days ago
At Fortune's Most Powerful Women Summit, influential figures like Meghan, Duchess of Sussex, and Selena Gomez took the stage to discuss leadership in a changing world. The event highlighted discussions around global uncertainty, entrepreneurial energy, and the agility of the private sector, with key insights from leaders across various industries, including IMF Managing Director Kristalina Georgieva and bestselling author Brené Brown.
Source: YAHOO
Reported 17 days ago
This week, major tech and banking companies, including TSMC, ASML, and JP Morgan, are releasing their earnings reports amidst growing concerns about an AI bubble. While gold performs steadily, Bitcoin faces significant pressure following a historic liquidation event, leading investors to brace for volatility in the crypto market.
Source: YAHOO
Reported 17 days ago
Global shares declined sharply while safe havens like gold and bonds saw gains as investors reacted to rising tensions between the United States and China. With trade negotiations intensifying, concerns rose about the potential for a trade war, leading to a sell-off in stocks, particularly in Europe and Asia. Gold prices climbed to near record highs, reflecting heightened investor uncertainty, while key currencies and other risk assets experienced declines.
Source: YAHOO
Reported 17 days ago
Stock index futures saw significant declines as China retaliated against the U.S. by imposing sanctions on South Korean shipping firms. With a backdrop of trade tensions, investors are awaiting a speech from Federal Reserve Chair Jerome Powell and earnings reports from major U.S. banks. Wall Street’s major indexes rose the previous day, but sentiment has shifted with concerns about a potential resurgence of the trade war.
Source: YAHOO
Reported 17 days ago
Source: YAHOO
Reported 17 days ago
Source: YAHOO
Reported 17 days ago
In a significant turn of events, President Trump and China's Xi Jinping discussed potential tariff reductions during a recent summit in South Korea. Trump proposed eliminating tariffs on Chinese fentanyl if China takes steps to control its export flow, potentially reducing overall tariffs on Chinese goods. Additionally, Trump announced that China would resume buying large quantities of U.S. soybeans and work on energy transactions. Despite concerns over the sustainability of this truce, both leaders expressed hope for improved trade relations and stability in supply chains.
Source: YAHOO
Reported 17 days ago
A recent Bank of America survey revealed that a record number of global fund managers now believe artificial intelligence stocks are in a bubble, with 54% seeing tech stocks as overly expensive. This marks a significant shift from prior months where concerns were lower. While enthusiasm over AI spending has driven US stocks to new highs, many market participants question if the valuations overstretch the earnings outlook. Additionally, worries about a potential US-China trade war and recession fears are beginning to temper overall market optimism.
Source: YAHOO
Reported 17 days ago
India's Dezerv, a wealth management technology platform, has raised ₹3.5 billion ($39.4 million) in Series C funding aimed at improving client experiences and strengthening its operations. The funding will help Dezerv expand its technology, investment solutions, and recruitment of relationship managers, aspiring to be a comprehensive wealth management service provider for families. Since its launch in 2021, Dezerv has managed over ₹140 billion in assets and is enhancing its app to include bonds and real estate investments.
Source: YAHOO
Reported 17 days ago
Source: YAHOO
Reported 17 days ago
ANZ Group has halted its A$800m share buyback to focus on a strategic overhaul aimed at achieving a 12% return on tangible equity by 2028. The bank plans to implement cost-saving measures, including 3,500 job reductions and restructuring efforts, while investing in mortgage and business banking staff. ANZ is also enhancing its services and aiming to boost market competitiveness with increased loan issuance and a focus on transaction banking.
Source: YAHOO
Reported 17 days ago
In September, the European tech investment landscape demonstrated stability and strength, with AI integrations, health technologies, and climate infrastructure remaining key themes. Although funding volumes remained steady, notable shifts included the rise of hybrid capital models combining debt and equity. Consolidation strategies became prominent, signaling growth rather than distress, while U.S. investors increasingly engaged early with promising European startups. Overall, the market is maturing, with a focus on building sustainable infrastructures in AI, climate tech, and health innovation.
Source: YAHOO
Reported 17 days ago
Oil industry executives in London believe the global oil market will see a rebalancing in the medium to long term despite a current surplus of 3.6 million barrels per day. They attribute this future tightening to declining production rates and increasing demand from emerging economies. While current prices are pressured by rising production, executives remain optimistic about long-term demand and potential price increases.
Source: YAHOO
Reported 17 days ago
Accounting firm EY is under investigation for allegedly misleading the UK's Financial Reporting Council during its audit of NMC Health, a UAE-based hospital operator. The claims arose as a negligence trial approaches its conclusion, focusing on allegations that EY misrepresented its access to crucial documents. It is asserted that EY partners misled regulators about their access to risky transactions within NMC's accounting system, which could affect the ongoing legal and regulatory inquiries across multiple jurisdictions.
Source: YAHOO
Reported 17 days ago
Source: BARRONS
Reported 17 days ago
In the third quarter, BlackRock Inc. secured $205 billion in client investments as it expanded its presence in private credit and alternative assets, with total assets under management reaching a record $13.5 trillion. The firm saw significant net inflows across various funds, including a notable $34 billion in cash-management and money-market funds. Despite rising operational costs and ongoing discussions around private lending risks, BlackRock's CEO Larry Fink highlighted a robust growth outlook as the company continues to innovate and pursue major acquisitions.
Source: YAHOO
Reported 17 days ago
Source: BARRONS
Reported 17 days ago
Source: BARRONS