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(Bloomberg) — Heavy selling resumed in Wall Street’s largest technology companies, with American shares snapping a two-day rebound amid signs investors are paring exposure in US risk assets. European stocks gained. Most Read from Bloomberg One day before a Federal Reserve decision that will be parsed for an assessment on how President Donald Trump’s trade policies are affecting the economy, US equities slid, with megacaps hitting the lowest since September. Nvidia Corp. fell 3% despite plans to develop 6G networks and work with General Motors Co. on self-driving cars. Data showing hot import prices didn’t help market sentiment either. Treasuries…
Recently we took a detailed look at the Top 10 Trending Stocks and Apple Inc. (NASDAQ:AAPL) was one of the stocks that were highlighted in that article. The volatile tariff policies of the new US administration and a slowdown in AI-related enthusiasm took a toll on the market over the past few weeks. However, some analysts believe a rebound is due. Fundstrat’s Tom Lee said in a latest program on CNBC that he believes the US stock market will begin to recover starting April 2. Here is how Lee explained the reasons behind his positive outlook: “When markets fall this quickly…
(Bloomberg) — Israel launched overnight airstrikes across Gaza that Hamas said killed hundreds of people, shattering a nearly two-month ceasefire with the Palestinian group. Most Read from Bloomberg Prime Minister Benjamin Netanyahu vowed Tuesday to act “with increasing military strength,” saying Hamas had repeatedly refused to release its remaining hostages. The move brought to an abrupt end any immediate hope the truce would be extended into a second phase, initially slated for the start of this month. As well as freeing the roughly 60 captives still in Gaza, Israel wants Hamas to disarm and step down from power in the…
NEW YORK (AP) — Wall Street swung back down on Tuesday, and its former superstars once again led the way. The S&P 500 dropped 1.1% for its latest swerve in a scary ride, where it tumbled by 10% from its record and then rallied for two straight days. The Dow Jones Industrial Average fell 260 points, or 0.6%, and the Nasdaq composite sank 1.7%. Tesla was one of the heaviest weights on the market after falling 5.3%. The electric-vehicle maker’s stock has been struggling on worries that it will lose sales because of anger at its CEO, Elon Musk, who…
(Bloomberg) — Saudi Arabia’s wealth fund is set to tap a broader array of investors and pursue debt sales through its subsidiaries, as it grapples with the scale of the kingdom’s spending ambitions. Most Read from Bloomberg The Public Investment Fund is weighing a debut euro-denominated bond this year and plans to tap onshore US investors for the first time, according to people familiar with the matter. It’s also encouraging subsidiaries to borrow independently, with Neom Co. and AviLease among firms potentially issuing debt, some of the people said, declining to be identified discussing confidential information. These plans represent a…
Jim Mullen took home £1.25m last year – Eddie Mulholland The boss of the publisher behind the Daily Mirror has seen his pay more than double despite anger among staff over recent job cuts. Jim Mullen, the chief executive of Reach, which also owns the Express and regional titles such as the Manchester Evening News, took home £1.25m last year after he was awarded the maximum possible bonus of £662,000. That was up from £564,000 in 2023, when the newspaper boss agreed to forgo a bonus and increase to his base salary. Mr Mullen’s bonus is more than a thousand…
Hanyu Liu; Director, Investor Relations; HUYA Inc Junhong Huang; Acting Co-Chief Executive Officer, Senior Vice President, Director; HUYA Inc Raymond Peng Lei; Acting Co-Chief Executive Officer and Chief Financial Officer; HUYA Inc Thomas Chong; Analyst; Jefferies Nelson Cheung; Analyst; Citi Ritchie Sun; Analyst; HSBC Yiwen Zhang; Analyst; China Renaissance Hanyu Liu (audio in progress) ’24 earnings webinar. I’m Hanyu Liu from the HUYA Investor Relations. (Operator Instructions) Please be advised that today’s webinar is being recorded.The company’s financial and operational results were issued earlier today and are posted online. You can also view the earnings press release by visiting the…
(Bloomberg) — Universities in the US are facing higher risk “across the sector” because of moves by the Trump administration, according to Moody’s Ratings, which lowered its outlook for the US higher education sector to negative from stable. Most Read from Bloomberg Moody’s analysts said in a report on Tuesday that recent and potential federal policy changes “create a more difficult operating environment for colleges and universities.” The outlook reflects the ratings company’s view of credit fundamentals in the US higher education sector over the next 12 months and is separate from the outlook for individual schools. The Trump administration…
The Bank of Japan kept interest rates unchanged, warning about the economic outlook (Richard A. Brooks) The Bank of Japan left its key interest rate unchanged Wednesday in a widely expected move given the global economic uncertainty fuelled by US trade tariffs. Following a two-day policy meeting, the central bank said it was keeping its key interest rate at around 0.5 percent. “There remain high uncertainties surrounding Japan’s economic activity and prices, including the evolving situation regarding trade,” a BoJ statement said. The bank hiked rates in January to their highest level in 17 years on the back of bumper…
(Bloomberg) — European stocks and US equity futures posted small moves in cautious trade before the Federal Reserve’s policy decision later Wednesday. Turkey’s lira plunged more than 10% after authorities detained President Recep Tayyip Erdogan’s most prominent rival. Most Read from Bloomberg The Stoxx 600 edged lower in Europe, with most sectors in the red, while contracts for the S&P 500 and the Nasdaq 100 kept to narrow ranges. A regional Asian share gauge erased an earlier advance. The dollar strengthened and gold rose to a new record. Turkey’s lira weakened to a record low past 40 per dollar, a…