Business

(Bloomberg) — Chinese tech stocks listed in Hong Kong extended their slump from a high in October to about 20%, as investors reduced positions amid rising geopolitical risks and caution toward earnings. Most Read from Bloomberg The Hang Seng Tech Index (HSTECH.HK) dropped 3.2% on Thursday, with JD.com Inc and …

(Bloomberg) — Oil fell as a surging US dollar weighed on commodities, and concerns about demand growth tarnished the outlook for prices. Most Read from Bloomberg Global benchmark Brent dropped toward $72 a barrel, while West Texas Intermediate was near $68. The US currency has rallied to the highest level …

By Toby Sterling and Nathan Vifflin AMSTERDAM (Reuters) -Europe’s largest tech firm, computer chip equipment maker ASML, said on Thursday it expected sales growth to average 8% to 14% over the coming five years, as a boom in AI fuels strong demand for its most advanced tools. The guidance, which …

(Bloomberg) — Bitcoin spiked above $93,000 for a short period as expectations of further interest-rate reductions by the Federal Reserve added to the impetus from President-elect Donald Trump’s pro-crypto stance. Most Read from Bloomberg The digital asset rose nearly 6% in the US on Wednesday to a record $93,462 but …

Chip Somodevilla/Getty Images Nvidia is set to launch its next-gen Blackwell GPU chip, boosting the prospect for more stock gains. Melius Research said selling Nvidia stock now would be akin to selling Apple stock after the release of its first iPhone. Nvidia stock is still attractive from a valuation perspective …

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Michael M. Santiago/Getty Images The post-election rally has led stock exposure to jump to its highest level in 11 years, BofA says. The bank’s fund manager survey says US stocks will continue to rally, and are set up to be the best performing asset in 2025. They are also bullish …

What’s Going On With Palantir Stock After Renewing Collaboration With Rio Tinto? Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Palantir Technologies Inc. (NYSE:PLTR) shares are trading relatively flat in the premarket session on Wednesday. The company announced today that it …

(Bloomberg) — Asian shares drifted higher Thursday after US inflation data supported the case for another Federal Reserve rate cut next month. Most Read from Bloomberg Stocks in Japan and Australia climbed, while futures for Hong Kong fell as a gauge of US-listed Chinese companies declined Wednesday. Hong Kong’s stock …

Super Micro Computer (NASDAQ: SMCI) stock fell in Wednesday’s trading after the company said that it would not be able to file its quarterly 10-Q report on time. The company’s share price closed out the daily session down 6.3%. Supermicro submitted a filing to the Securities and Exchange Commission (SEC) …