(Bloomberg) — Nvidia Corp.’s (NVDA) stock has almost tripled this year, and Wall Street analysts are overwhelmingly positive on the chipmaker. Most Read from Bloomberg But, Terry Smith isn’t impressed. The money manager, who’s been dubbed by the UK press as Britain’s Warren Buffett, is skeptical as he says the world’s largest stock lacks a predictable earnings stream and a strong track record of high return on capital. Smith is

By Jaspreet Kalra MUMBAI (Reuters) – Global investors are likely to find relative safety in India’s financial markets from the spillover of Donald Trump’s economic policies, including from any protectionist trade policies that could spark emerging market volatility. Trump’s decisive election victory last week and his impending return to the White House next month has raised significant uncertainty for investors. However, India’s strong economic growth, limited exposure to Chinese and

Stocks surged after election results came in and the major news outlets declared former President Donald Trump the winner. At the same time, the strength of the market response has arguably been at odds with what many economists consider the prospect of worse economic policies under President-elect Trump. Maybe it’s traders and investors betting that policies bad for the market won’t actually be implemented. After all, what president would want

The S&P 500 closed at a record high Friday after briefly crossing the 6K level for the first time, as stocks have rallied following the U.S. presidential election. The index broke above a rising wedge pattern on above-average volume last week, setting the stage for further potential gains in the week ahead. A measured move, which calculates the distance between the rising wedge’s two trendlines near their widest point and

(Bloomberg) — South Korean retail investors boosted their holdings of US stocks to more than $100 billion for the first time amid growing interest in Big Tech shares and leveraged funds. Most Read from Bloomberg Mom-and-pop traders held a combined $101.4 billion worth of US equities as of Nov. 7, according to Korea Securities Depository data. That’s a 64% jump from the whole of last year. More individual traders are

By Anton Bridge TOKYO (Reuters) – Japanese technology investor SoftBank Group is expected to report a 287 billion yen ($1.87 billion) quarterly profit on Tuesday, boosted by successful portfolio company listings even as a stronger yen dampened foreign currency-denominated gains. Analysts are also looking out for signs of new investment momentum driven by SoftBank’s robust balance sheet and management’s bullish stance on artificial intelligence (AI). The net profit forecast for

(Bloomberg) — Delivery Hero SE unveiled plans to list its Talabat unit in Dubai in what could be among the region’s biggest initial public offerings of the year. Most Read from Bloomberg The German food delivery firm plans to sell a 15% stake in its Middle Eastern subsidiary, according to a statement on Sunday, retaining a majority interest. It could amend the size of the offering subject to approvals from

Is the Stock Market Open Today? Here Are the Hours for Veterans Day 2024. Source link

By Wayne Cole SYDNEY (Reuters) – The dollar edged higher on Monday as markets braced for U.S. inflation data and a throng of Federal Reserve speakers this week, while the yuan nursed a hangover from Beijing’s latest underwhelming stimulus package. Highlighting the bleak background in China, data out over the weekend showed consumer prices rose at the slowest pace in four months in October, while producer price deflation deepened. Reports

Things Are Getting Weird for EVs After Trump’s Win Source link