Finance

The market saw Intel taking a nosedive by 7% due to a whopping $7 billion operating loss in its semiconductor manufacturing division in 2023. The tech giant’s struggle in this sector is concerning, and investors may be wary of the long-term implications of such a significant loss. On the other hand, Spotify Technology experienced a

Federal Reserve President Loretta Mester remains optimistic about potential interest rate cuts this year, despite ruling out the possibility of cuts at the next policy meeting in May. She emphasizes the importance of data in shaping her confidence in the trajectory of inflation, indicating that her perspective on rate cuts is reliant on the progress

Micron Technology saw a 5.4% increase in shares after Bank of America raised its price target on the chipmaker. This comes as the Wall Street firm predicts that demand for high-bandwidth memory technology will surpass $20 billion by 2027. The positive outlook from Bank of America has certainly given Micron Technology a boost in midday

Micron Technology saw a slight increase in its shares after Bank of America raised its price target on the chipmaker. The analyst is forecasting a significant growth in high-bandwidth memory technology demand, estimating it to surpass $20 billion by 2027. Shares of 3M rose nearly 3% following the completion of its spinoff of health-care company

The latest data suggests that the Federal Reserve may have new incentives to further cut rates in the second quarter of this year. According to Canaccord Genuity’s Tony Dwyer, factors such as a deteriorating jobs market and easing inflation could compel the Fed to take more aggressive action in the coming months. Dwyer believes that

Domino’s Pizza’s China operator, DPC Dash, has reported impressive growth figures, with 26 consecutive quarters of same-store sales growth including during the pandemic period. The revenue in 2023 exceeded 3.05 billion yuan, marking a significant increase from previous years, while net losses have narrowed substantially. Analysts at HSBC are optimistic about the company’s future profitability,

Chinese telecommunications giant Huawei reported a significant increase in net profit for 2023, more than doubling its figures from the previous year. This remarkable growth was primarily attributed to the company’s improved product offerings and a substantial revenue increase of 9.6% year-on-year, amounting to 704.2 billion yuan ($99.18 billion). The net profit saw an impressive

The S&P 500 has been experiencing an exceptional run in the past few months, with a remarkable 25% increase in the last five months alone. Such a substantial gain is rarely seen in the history of the stock market, with only seven other instances since 1950 surpassing this level of growth. While many experts are

Robinhood’s latest unveiling of its Robinhood Gold Card, a credit card offering cash back deposited into a brokerage account, caused shares of the brokerage firm to surge by more than 6%. This innovative approach to incentivize users to engage further with the platform could potentially drive more customer engagement and loyalty. However, it remains to

The Central Bank of Nigeria recently made the decision to raise its key interest rate by 200 basis points, signaling a move to address the country’s ongoing challenges with inflation and its currency crisis. This adjustment comes on the heels of a 400 basis point increase earlier this year, highlighting the seriousness with which policymakers

The private equity landscape in Asia Pacific saw a significant shift last year, with the total value of deals falling to its lowest since 2014. This decline can be attributed to various factors, including slowing growth, high interest rates, and volatile public markets. Fundraising also hit a 10-year low, painting a challenging picture for investors

The recent trend among investment analysts is to upgrade U.S.-listed Chinese stocks to buy, signaling a positive outlook for these companies. This comes as many Chinese firms are releasing their earnings for the last quarter of 2023 and the full year. While there is skepticism about China’s ability to meet its growth target for 2024

The world of exchange-traded funds (ETFs) is constantly evolving, with new products being introduced to cater to changing investor preferences. Roundhill Investments, a major ETF provider, is at the forefront of this evolution, exploring new opportunities in the market. One of their upcoming funds will focus on companies behind GLP-1 drugs, a move that reflects