EXCLUSIVE – Chinese state banks witnessed dollar-to-yuan selling in London and New York for hours
SHANGHAI (Reuters) - Major Chinese state-owned banks have been seen busy selling U.S. dollars to buy yuan on onshore and offshore spot foreign exchange markets this week, people with direct knowledge of the matter said, in a bid to slow
Cisco gains after the CEO points to advances in artificial intelligence and security
(Bloomberg) -- Cisco Systems Inc. Inc., the largest maker of computer networking equipment, is in late trading after the company outlined advances in artificial intelligence and security technology, which helped ease concerns about slowing sales.Most Read from BloombergCisco, which
Bonds are issuing a warning about mounting US debt, said veterinarian Ed Yardini, and markets will be affected if Treasury yields rise much more.
A trader interacts while working on the floor of the New York Stock Exchange (NYSE) in New York, US, March 18, 2020.Lucas Jackson/ReutersEd Yardini said the bond market is sending a warning about mounting US debt.This is seen in the
Nvidia’s earnings will be the biggest test of the AI hype cycle
This article first appeared in Yahoo Finance Tech, a weekly newsletter highlighting our original content on the industry. Get it straight to your inbox every Wednesday. Participate.Nvidia (NVDA) will report its second-quarter earnings after the closing bell next Wednesday,
Intel cancels $5.4 billion tower deal without Chinese approval
(Bloomberg) -- Intel is expected to cancel its planned $5.4 billion acquisition of Tower Semiconductor Ltd. With time running out to win regulatory approval, according to people familiar with the matter.Most Read from BloombergThe deadline for the deal, announced
China’s shadow bank has missed dozens of payments as risks mount
(Bloomberg) -- Zhongrong International Trust has missed payments on dozens of products and has no immediate plan to get customers full, suggesting that problems at China's beleaguered shadow bank are deeper than previously known.Most Read from BloombergWang Qiang, secretary of
Nvidia’s upcoming earnings could send the entire stock market higher as the AI frenzy continues on Wall Street
Nvidia CEO Jensen Huang.Kim Kulish/Corbis/Getty ImagesNvidia reports earnings next week, and the chip maker's results alone could swing the stock market.This is according to Gene Munster of Deepwater, who cited Wall Street's craze over AI."All eyes are on their data
VinFast’s $65 Billion Valuation De-SPAC Overtakes Ford and General Motors
(Bloomberg) -- VinFast Auto Ltd. has soared in its public start, outperforming its market value beyond General Motors Corp. and Ford Motor Co., as traders flipped shares of the electric automaker.Most Read from BloombergThe Vietnamese company, which went public in
Warren Buffett bought 3 new shares – all of which the ITB ETF owns
Warren Buffett He is widely recognized as the greatest investor of all time, so when he buys new stocks, investors tend to pay attention. According to the latest 13F filing, which was released yesterday, Buffett's Berkshire Hathaway initiated deals
SE Equity: Sea Crash in a Quarterly Miss
Internet service company in Southeast Asia Sea Ltd. (SE) on Tuesday to its lowest level since November 2022 after reporting second-quarter revenue that fell short of analysts' expectations. SE stock is down nearly 29% on the day. X The Singapore-based company
The best ratios for withdrawing from your retirement account, according to Edward Jones
A couple looks at their retirement plan while sitting in their kitchen. One of the most important retirement decisions is choosing how much you want to withdraw from your savings. You need to take just enough to meet your
Spot stock dips after CEO Roger Hochschild’s exit
Shares of Discover Financial fell more than 9% on Tuesday after the Riverwoods-Ill. Roger Hochschild is stepping down as CEO, effective immediately.The company said after markets closed Monday that John Owen, a board member and former chief financial officer
Inside a penthouse perched above Manhattan
Ask the Argentine American designer Sebastian Zuchwicki to describe his technique, and would instead describe the equation. "Design is like an algebra problem," he says. “We have a powerful formula that's locked in volume, proportion, texture, and material.
𝐀𝐧𝐨𝐭𝐡𝐞𝐫 𝐫𝐞𝐚𝐬𝐨𝐧 𝐭𝐨 𝐮𝐬𝐞 𝐚 𝐭𝐫𝐚𝐯𝐞𝐥 𝐚𝐠𝐞 𝐧𝐭 🏝️ • Both beaches are different in Cancun…
𝐀𝐧𝐨𝐭𝐡𝐞𝐫 𝐫𝐞𝐚𝐬𝐨𝐧 𝐭𝐨 𝐮𝐬𝐞 𝐚 𝐭𝐫𝐚𝐯𝐞𝐥 𝐚𝐠𝐞 𝐧𝐭 🏝️ • Both are different beaches in Cancun at the same time of year. • While beach and water quality is not something travel agents can guarantee, they do know which
Jim Cramer believes that people who say AI is hype are “just kidding themselves”
2023 has been a strong year for US markets so far, with the S&P 500 (INDEX: .INX) up 17%. This has led tech giants like Apple company (NASDAQ: APPL), up 43.06% year-to-date Meta Platforms Inc(NASDAQ:FB) up over 143% year-to-date.But
The debate over interest rates at the Fed is shifting
(Bloomberg) -- As Federal Reserve officials near the end of their tightening campaign, the debate is shifting from how high interest rates need to be to how long they should stay high.Most Read from BloombergInflation pressures are easing, which could
China is cutting the rate by the most since 2020 as economic woes worsen
(Bloomberg) -- China's central bank unexpectedly cut its key interest rate by the most since 2020 to prop up an economy that faces new risks from deteriorating real estate and weak consumer spending.Most Read from BloombergThe People's Bank of China
The future of the Hawaiian Electric Company is in doubt after the billion-dollar collapse
(Bloomberg) -- The Hawaiian Electric Company, which supplies energy to nearly 95% of the state's population, traces its roots back to 1891, just a decade after King Kalākaua met Thomas Edison to see the incandescent light bulb. Now, the