Author: starbpo

In late Hong Kong trade on Monday, Chinese stocks went up after the government promised to take action to help the country’s slowing economy. The Hang Seng HSI +1.76 % was down as much as 0.9% earlier in the session, but it ended quickly and went up 2.8%. The news came out after the local market closed, and the Shanghai Composite SHCOMP -0.05% finished the day slightly down. Stocks listed in Hong Kong, such as JD.com 9618 +3.82% JD +2.11% and Alibaba 9988 +3.51% As the market as a whole went up, BABA +2.12% joined it. After the news came…

Since Donald Trump was elected as president, the crypto industry has been almost euphoric. People who own digital assets are hoping that a wave of crypto-friendly policies will help power the next leg of the bull market. Trump announced Thursday that venture capitalist David Sacks would be the administration’s “crypto and AI czar,” whose job it would be to coordinate policy on the digital-asset business. The party went on after that. Some people in the crypto industry think that the next big regulatory battle will be over how to regulate crypto companies so that terrorists, foreign enemies, and criminals can’t…

After market hours on Friday, shares of Apollo Global Management Inc. and Workday Inc., a cloud-based services platform for businesses, went up because S&P Dow Jones Indices said the two companies would be added to the S&P 500 index later this month. During late trading, Apollo APO +1.21% shares went up about 6%, and Workday WDAY +1.42% shares went up more than 8%. The two companies will replace Qorvo Inc. QRVO -0.52%, which makes parts for mobile devices and other electronics, and Amentum Holdings Inc. AMTM +0.74% on the S&P 500. Their addition to the benchmark large-cap index SPX +0.25%…

In recent years, SoundHound AI Inc. may not have gotten as much attention as Nvidia Corp., a leader in AI chips. However, demand for its voice-technology software driven by AI has sent its stock through the roof in 2024. SoundHound SOUN +12.60% shares have gone up 575%, which is a lot more than Nvidia Corp. NVDA -1.81%’s 187.8% gain. In 2024, shares of Palantir Technologies Inc. PLTR+6.22%, a well-known AI company, are up 340.5%, while shares of C3.ai Inc. AI +8.08% are only up 39.4%. Dow Jones Market Data show that SoundHound’s stock is on track for its best year…

Tesla Inc. stock closed at its best level in years on Friday, and BofA Securities recently wrote about reasons why it can keep going up. Dow Jones Market Data shows that the stock of the leader in electric vehicles, TSLA +5.34%, finished 5.3% higher at $389.22 per share. This was the highest closing price for shares since January 3, 2022, when they ended at $399.93. The stock is now down about 5% from its all-time high of $409.97 per share on November 4, 2021. Dow Jones Market Data says that the company’s market capitalisation has once again topped $1.2 trillion.…

A lot of experts and traders think that the Federal Reserve will lower its key interest rate by another quarter of a percentage point on December 18. They will then take a break until their first meeting in 2025. Tim Duy, chief economist at SGH Macro Advisors, said that this expectation was strengthened by the fact that other Fed officials “lack pushed back” and key Fed Governor Christopher Waller said he was moving towards a December cut. Another person who thought the Fed would cut rates this month was Roger Ferguson, who used to be a vice chairman of the…

At the very end of an extremely bullish day for bitcoin, there was a flash crash that took nearly 7% off the price of the cryptocurrency. However, experts are still optimistic about its overall rally. The price of bitcoin BTCUSD +1.48% started going down after reaching a high of $103,853 on Thursday. It quickly fell all the way to $92,251. Bitcoin was worth $97,859 on Friday, 1.2% less than it was the day before. Bitcoin broke through the $100,000 mark for the first time on Wednesday, after President-elect Donald Trump said he would name Paul Atkins, who is thought to…

The S&P 500 might soon have a slightly new look because it is about to be rebalanced every three months. Based on past trends, S&P Dow Jones Indices could add new companies to the main large-cap U.S. stock index after the market closes on Friday. The index source would then list the parts that were going to leave the S&P 500 SPX +0.11%. When it is reported that a stock will be added to the S&P 500, its price usually goes up. This is because trillions of dollars are invested in index funds that track the benchmark. That means those…

Shares of Amazon.com Inc. hit a new high on Friday, as the e-commerce and cloud giant seems to have caught up to its main competitor in the race for artificial intelligence. Last week’s 2024 AWS re:Invent conference was a big deal for the stock AMZN +1.92% because it was where Amazon Web Services (AWS) talked about its place in the world of generative AI and announced new services and technologies. From an AI platform point of view, Oppenheimer analysts Timothy Horan and Jason Helfstein said that Amazon Web Services (AWS) has been “fairly far behind” Microsoft Corp.’s (MSFT +0.10%) peer…

Last Friday, Lululemon Athletica Inc.’s stock went up 16.9% as analysts quickly raised their price targets. This was because the company’s better-than-expected third-quarter earnings and updated outlook put an end to worries that the brand was becoming less relevant. As of Thursday, the stock was on track for its biggest one-day gain since October 30, 2008, when it jumped 21.2%. It has now won for 11 of the last 12 days, which is the longest winning streak since October 16–21, 2023. Up to 16 of the 38 analysts who follow LULU +18.33% on FactSet raised their price goals and predicted…