bets
By Sneha Kumar (Reuters) -Emerging Asian stock markets rallied on Tuesday, with Bangkok and Manila trading higher on expectations of rate cuts in the near future, while Singapore stocks hit a 17-year high. Thailand stocks gained as much as 1.3% to hit their highest since Nov. 8, after third-quarter economic…
Investing.com– Gold prices steadied in Asian trade on Friday, but were nursing their worst weekly performance in over three years as strong U.S. inflation and less dovish signals from the Federal Reserve sparked doubts over lower interest rates. The yellow metal was also battered by a risk-on rally in the…
Investing.com– Most Asian stocks kept to a tight range on Friday amid increased caution over U.S. interest rate cuts, while investors digested mixed economic readings from Japan and China. Regional markets took weak cues from Wall Street, which fell on Thursday after Federal Reserve Chair Jerome Powell warned that strength…
Warren Buffett’s Berkshire Hathaway purchased stakes in Domino’s Pizza and Pool Corp. last quarter.The investing legend’s company made big cuts to its huge Apple and Bank of America positions.Berkshire pared other holdings such as Capital One, and sold almost all of its Ulta Beauty shares. Warren Buffett’s Berkshire Hathaway took…
Michael Burry bolstered his bets on three Chinese tech companies last quarter.The “Big Short” investor raised his stakes in Alibaba, Baidu, and JD.com but also hedged the wagers.Burry didn’t add any new names to his stock portfolio but exited a couple in the period. Michael Burry doubled down on three…
Renaissance Technologies pared its Tesla and Nvidia bets and raised its GameStop wager last quarter.The quant fund founded by the late Jim Simons cut its Tesla stake by 86% and halved its Nvidia wager.RenTech boosted its GameStop position by more than 40% to 1.9 million shares. Renaissance Technologies cut its…
By Amanda Cooper LONDON (Reuters) – Donald Trump’s rapid confirmation as the next U.S. president propelled the dollar and punished the euro as investors bet on tariffs on imports affecting trade while tax cuts could benefit U.S. business. U.S. stock futures rallied almost by the most in a year, while…
By Akash Sriram and Abhirup Roy (Reuters) – Tesla (NASDAQ:)’s investors and analysts will get a chance to grill CEO Elon Musk on his robotaxi plans on Wednesday when the electric automaker reports its quarterly results, after a much-hyped unveil this month that lacked key details and slammed shares. Musk’s…
By Michelle Conlin NEW YORK (Reuters) – Four accounts on crypto-based prediction market Polymarket that placed large bets on former President Donald Trump winning the 2024 election, and have been the subject of much online speculation, are owned by non-Americans or a non-American, according to a source familiar with the…
Walmart’s logistics business is pressuring Amazon’s own, according to Wells Fargo analysts.Walmart is offering a cheaper version of Fulfillment by Amazon, which could limit Amazon fees.Wells Fargo cut its rating on Amazon to equal weight from overweight Amazon’s fulfillment business is feeling the pinch from another major retailer: Walmart.The big-box…
