Business News
Palantir Technologies (NYSE: PLTR) has been one of the most exciting stocks of 2024, rising around 275% year-to-date at the time of this writing. Those are impressive returns that every investor wants, which causes many to hunt for stocks that could be the next Palantir (at least in terms of stock performance). With how exciting … Read more
BEIJING, Nov. 28, 2024 /PRNewswire/ — VNET Group, Inc. (Nasdaq: VNET) (“VNET” or the “Company”), a leading carrier- and cloud-neutral internet data center services provider in China, today announced that the Company has executed a definitive agreement (the “Agreement”) with Dajia Investment Holding Company Ltd. (“Dajia”), a wholly owned subsidiary of Dajia Insurance Group under … Read more
In a bid to stave off red-hot inflation, Russia’s central bank halted all foreign currency purchases for the remainder of the year, while actively selling Chinese yuan, in hopes of propping up the ruble. The ruble—currently worth a fraction of a penny—hit lows on Wednesday not seen since the start of the Ukraine war. The … Read more
MEXICO CITY (Reuters) -Mexico’s Senate on Thursday passed a measure to abolish the autonomous bodies that regulate some economic sectors and ensure government transparency, a reform that has sparked outcry from the opposition and industry. Lawmakers in the upper chamber voted on the proposal’s general terms with 86 in favor and 42 against, with nearly … Read more
LOS ANGELES (AP) — The owner of an oil field in Los Angeles County is suing the state of California over a law that will require it to stop production and plug its wells or face costly fines. Inglewood Oil Field owner Sentinel Peak argues in the lawsuit, filed this week, that the law, which … Read more
By Kevin Buckland TOKYO (Reuters) – The yen jumped as much as 1% to a six-week high at 150 per dollar on Friday, after faster than expected inflation in Tokyo supported bets for a Bank of Japan interest rate hike next month. The dollar sagged against most major peers in trading thinned by the U.S. … Read more
In October, Wall Street celebrated the two-year anniversary of the current bull market. While the rise of artificial intelligence (AI) has played an undeniably important role in lifting Wall Street’s major stock indexes to new heights, the excitement surrounding select stock splits in 2024 has been key, as well. A stock split is a tool … Read more
Investing.com– The Reserve Bank of Australia is now expected to begin its easing cycle in May 2025 instead of February, ANZ said, citing stronger-than-expected employment and stabilizing business conditions. The bank now anticipates only two 25 basis points reductions in 2025, down from its previous forecast of three. The revision comes as Australia’s labor market … Read more
Over the past 10 years, a $1,000 investment in Nvidia (NASDAQ: NVDA) would have grown to roughly $265,840. A large portion of that rally was fueled by its soaring sales of data center GPUs for processing AI tasks. Unlike CPUs, which only process a single piece of data at a time, GPUs can process a … Read more
By Manoj Kumar NEW DELHI (Reuters) – India’s economy is expected to have slowed in the July-September quarter, growing at the slowest pace in 18 months, weighed down by weak urban consumption following a rise in food prices despite an increase in government spending. A Reuters poll of economists projected GDP growth of 6.5% year-on-year … Read more