As investors concentrated on political developments and a packed schedule of corporate earnings, Ibovespa futures were trading higher on Thursday, indicating a cautiously optimistic tone in Brazilian markets. The February futures contract was up 0.17% at 182,705 points at 9:07 a.m. Brasília time. According to local media outlet InfoMoney, most of the market’s focus was […]
Qualcomm (NASDAQ: QCOM) shares opened about 11% down on Feb. 5 after the semiconductor giant issued cautious guidance for its fiscal Q2 that overshadowed its record-breaking performance in the holiday quarter. In its earnings release, the company based out of San Diego, CA, cited the global memory shortage that’s forcing smartphone manufacturers to scale back […]
Precious metals are experiencing renewed selling pressure, with silver prices falling sharply on Thursday. This decline has largely erased the brief rebound the sector saw earlier this week. On COMEX, the March silver contract shed more than 13% on Thursday, while gold fell more than 2% below $4,900 per ounce. Meanwhile, oil prices also fell […]
For years, the primary cloud hanging over Nio Inc (NYSE: NIO) has been its inability to translate technological brilliance into sustainable profitability. Its persistent “cash burn” often scared away value-oriented investors, keeping the stock price under pressure despite rising delivery numbers. However, that major overhang just evaporated. In a historic “profit alert” issued today, the […]
Oracle shares were higher on Monday after the company disclosed plans to raise between $45 billion and $50 billion in funding as it accelerates investment in cloud infrastructure designed to support artificial intelligence workloads. The stock climbed about 2.5% as investors digested details of the financing strategy, which underscores the scale of Oracle’s ambitions in […]
The Ibovespa, Brazil’s stock market benchmark, has started the year strongly, prompting XP Investimentos to raise its base-case year-end target for the index to 190,000 points from 185,000. The revision follows a January rally that saw Brazilian equities advance, placing the country among the world’s top-performing markets. In its monthly strategy note, XP’s strategists wrote […]
US President Donald Trump announced on Monday that the United States and India have agreed to a landmark trade deal following a phone call with Prime Minister Narendra Modi. The centerpiece: the American reciprocal tariff on Indian goods will drop from 25% to 18%, effective immediately. Trump also claimed Modi pledged to stop buying Russian […]
Shares of SanDisk Corp. extended their sharp rally on Monday, climbing more than 16% as investors continued to respond to the flash memory maker’s stronger-than-expected quarterly results and an increasingly bullish outlook from Wall Street analysts. The move builds on a dramatic run for the stock following its second-quarter earnings release last week. SanDisk shares […]
Europe started the week on a bruising note. From Whitehall belt-tightening to Paris finally muscling a budget through gridlock, policymakers are choosing survival over ambition. Markets are exhaling, but only briefly. Meanwhile, Tesla’s European brand damage looks structural, not cyclical, and Wall Street’s once-frothy obesity-drug trade is sobering up fast. This bulletin cuts through the […]
Elon Musk said on Monday that SpaceX has acquired his artificial intelligence group xAI, tying together two of his most ambitious ventures as he seeks to build increasingly powerful AI systems backed by vast computing infrastructure. Financial terms were not disclosed, but the combined entities are valued at just over $1 trillion based on recent […]