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Nvidia investors on Monday were hit with a barrage of headlines about the company’s geopolitical challenges — some good, others not so good. The uncertainty sank the Club stock again as a broader wave of concern also slammed the overall market. Nvidia is conducting tests on Intel’s new manufacturing process called 18A, Reuters reported Monday. Club holding Broadcom is also said to be kicking the tires at Intel. All three companies are headquartered in Silicon Valley. The report underscores Nvidia’s stated desire to work with more manufacturing partners, which could deliver competition benefits and diversify its supply chain as geopolitical…
Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. Markets: Stocks are starting the week lower following a strong rally on Friday. Defensive sectors such as consumer staples and health care — along with groups that benefit from lower interest rates such as real estate — outperformed. Meanwhile, technology, energy, and cyclical stocks lagged. AI-related tech and infrastructure stocks were hit the hardest once again. Shares of Club name Nvidia are now just a few dollars away from their 2025…
The yen rallied in Asian trade on Friday against a basket of major rivals, resuming gains against the US dollar and about to hit a four-month high, with the Japanese currency on track for the largest monthly profit since July on strong investment demand. As inflationary pressures mounted in Japan and bullish remarks from BOJ officials increased, the odds of a Bank of Japan interest rate hike in March rose as well. The Japanese currency is also boosted by a steep drop in US 10-year treasury yields amid concerns in the markets after Donald Trump’s assertions on imposing…
The yen rallied in Asian trade on Friday against a basket of major rivals, resuming gains against the US dollar and about to hit a four-month high, with the Japanese currency on track for the largest monthly profit since July on strong investment demand. As inflationary pressures mounted in Japan and bullish remarks from BOJ officials increased, the odds of a Bank of Japan interest rate hike in March rose as well. The Japanese currency is also boosted by a steep drop in US 10-year treasury yields amid concerns in the markets after Donald Trump’s assertions on imposing…
Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Monday’s key moments. 1. Stocks opened higher to start the trading week, but gave back those gains after the February ISM manufacturing data missed estimates. While the report showed sector growth, it came in weaker than expected with concerns about order delays due to tariffs. President Donald Trump’s tariffs on Mexico and Canada are scheduled to start Tuesday, and potential retaliatory tariffs from these countries adds to the worries. “The market doesn’t like uncertainty,” said Club portfolio director…
Federal Energy Minister Awais Leghari on Monday reaffirmed the government’s commitment to “transparent and fair negotiations” with independent power producers (IPPs), stating that IPPs can “either engage in talks or opt for arbitration and forensic audits” to resolve disputes, according to a statement from the Ministry of Energy. Negotiations with the IPPs in the country so far are expected to save the government Rs1.4 trillion, with an annual saving of Rs137 billion, benefiting power consumers. Federal cabinet approves proposal to revise agreements with 14 IPPs: PMO Earlier, M/s Sapphire Electric Company Limited (SECL) claimed that sovereign power contracts were being…
The yen rallied in Asian trade on Friday against a basket of major rivals, resuming gains against the US dollar and about to hit a four-month high, with the Japanese currency on track for the largest monthly profit since July on strong investment demand. As inflationary pressures mounted in Japan and bullish remarks from BOJ officials increased, the odds of a Bank of Japan interest rate hike in March rose as well. The Japanese currency is also boosted by a steep drop in US 10-year treasury yields amid concerns in the markets after Donald Trump’s assertions on imposing…
Federal Energy Minister Awais Leghari announced plans on Monday to “rationalise net metering,” ensuring that no additional financial burden falls on other consumers, according to a statement from the Ministry of Energy. The minister also reiterated the government’s commitment to transparent and fair negotiations with the independent power producers (IPPs). He emphasised that IPPs have an option to “avoid talks or choose arbitration and forensic audits”. Solar net metering consumers: Discovering Rs9.8bn loss, FTO orders 18pc GST levy According to the ministry statement, the minister chaired a meeting with international development partners to discuss reforms in the power sector, aiming…
Saxo Bank experienced sustained growth and reached a record of almost 1.3 million clients by the end of 2024The Saxo Bank Group announced today its financial results for 2024, achieving the best results in the group’s history. The group reported a net profit of $146 million for 2024, compared to a net profit of $38 million for 2023, corresponding to an increase of 287 percent. The adjusted net profit for 2024 ended at $156 million.“The progress underscores our steadfast commitment to creating value for all our stakeholders and strengthening our foundation for sustainable growth. With almost 1.3 million clients and…
10 things to watch Monday, March 3 — Today’s newsletter was written by Jeff Marks, director of portfolio analysis. 1. Stocks are poised for a higher to start March following a strong oversold rally in Friday’s session. Wall Street is continuing to watch the latest trade headlines, with President Donald Trump’s tariffs on Mexican and Canadian imports set to go into effect tomorrow. 2. Bitcoin and other cryptocurrencies surging after Trump announced a U.S. strategic crypto reserve . The announcement is receiving some pushback for not solely being a bitcoin fund. Trump said it also will include XRP and ether,…