Business

What’s Going On With Chinese Stocks Alibaba, JD, Nio, Li Auto XPeng on Friday? Alibaba Group Holding (NYSE:BABA), the China tech industry barometer, is trading higher, marking its third week of gains as investors anticipate more upcoming stimulus, SCMP reports. Alibaba’s e-commerce rivals, including PDD Holdings Inc. (NASDAQ:PDD), JD.com, Inc. …

Palantir Stock Is on Pace for Another Record High Source link

(Bloomberg) — Rivian Automotive Inc. shares tumbled after the automaker cut its annual production target, citing a worsening supply crunch at its lone US assembly plant. Most Read from Bloomberg The company now expects production to drop as much as 18% this year, due to an ongoing shortage of a …

(Reuters) -U.S. job growth accelerated in September and the unemploymentrate slipped to 4.1% from August’s 4.2%, further reducing theneed for the Federal Reserve to maintain large interest ratecuts at its remaining two meetings this year. < > by 254,000 jobslast month after rising by an upwardly revised 159,000 inAugust, the …

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(Reuters) – U.S. stock index futures were tepid on Friday as investors refrained from making significant bets ahead of crucial payrolls data and watched for any escalation in geopolitical tensions in the Middle East. The Labor Department’s non-farm payrolls data, due at 8:30 a.m. ET, is expected to show that …

This is The Takeaway from today’s Morning Brief, which you can sign up to receive in your inbox every morning along with: It’s been a rough week for headlines in the mainstream news. Conflict in the Middle East is heating up further, with Iran launching missiles at Israel amid the …

The world’s biggest technology companies are spending an enormous amount of money building data centers, and they are filling them with graphics processing chips (GPUs) designed for artificial intelligence (AI) development. GPUs are built for parallel processing, meaning they can handle large volumes of data and multiple workloads at once, …

It’s been a tough few months for Super Micro Computer (NASDAQ: SMCI), whose stock has come under pressure for a variety of reasons this year. The stock first dropped in April following a mixed reaction to its fiscal 2024 third-quarter results. That trend extended to its fourth-quarter earnings release in …

(Bloomberg) — European and US stock futures gained in line with Asian equities ahead of US jobs data that will identify the path ahead for interest rates. An oil price rally eased after Middle East tensions led to the biggest one-day jump in almost a year. Most Read from Bloomberg …