The move comes as investors cheer the prospects of AI boosting corporate profits and the Federal Reserve possibly cutting rates later this year.
Markets underestimate geopolitical risk as raft of elections looms, ECB’s De Guindos says
The European Central Bank’s Financial Stability Report said that interest rate expectations have created the “potential for outsized market reactions.”
Stocks making biggest moves premarket: Under Armour, Walmart, AMC, GameStop, Canada Goose and more
These are some of the stocks posting the largest moves in premarket trading.
China’s Shenzhen metropolis sees fastest growth in millionaires globally
In 2023 alone, Shenzhen saw a 10% growth in millionaires, while Beijing and Shanghai recorded a decline of around 5% amid an exodus of high-net-worth individuals from China.
Stocks making the biggest moves after hours: Chubb, Cisco Systems, Palo Alto Networks and more
These are the stocks posting the largest moves in extended trading.
Warren Buffett’s Berkshire Hathaway reveals insurer Chubb as confidential stock it’s been buying
His conglomerate Berkshire Hathaway has acquired nearly 26 million shares of Chubb for a stake worth $6.7 billion.
Denim stocks can benefit with Western style in vogue, TD Cowen says
The firm gave its top ideas for riding the Wild West trend.
Stocks making the biggest moves midday: GameStop, AMC, Boeing, Nio and more
These are the stocks posting the largest moves in midday trading.
Tesla’s Chinese rival Nio launches a new brand and car that undercuts the Model Y by $4,000
Chinese electric car company Nio revealed Wednesday that the first car for its new, lower-priced brand, Onvo, will be about $4,000 cheaper than Tesla’s Model Y.
Europe must avoid ‘disaster’ of trade decoupling as it eyes China tariffs, EU’s economics chief says
“As far as Europe is concerned we need a more mature attitude in our trade,” EU economics head Paolo Gentiloni told CNBC.