Frenzy Over AI Drives Doubling of Chip Maker Options Trading
Nvidia accounted for 80% of SOX options trades in February Options trading last month jumped sevenfold from year earlier Options trading in semiconductor stocks is exploding as investors bet on the hottest thing in equity markets these days: artificial intelligence....
OECD Warns About Debt Market Danger as Maturity Wall Looms
About 40% of government, corporate bonds mature in three years Debt grows at time when central banks reduce holdings Global bond markets are facing significant challenges as governments and companies have to refinance about 40% of maturing debt in the coming three...
Google’s Gemini debacle a make-or-break moment, analyst says
Analyst says Google's reputation is on the line with Gemini fix The bungled rollout of Google's new artificial intelligence tool Gemini could end up being either a curse or a blessing for the Alphabet-owned tech giant, according to an analyst who owns the stock....
Nvidia ‘Bubble’ Talk Spreads to ESG Fund Managers Who Rode Highs
ESG fund exposure to Nvidia has dropped since mid-2023 Concern is that growing retail presence ‘portends bubble’ Concerns that Nvidia Corp.’s stratospheric gains might be unsustainable have spread to ESG investment managers who beat the market last year by betting big...
China’s Bullish 5% Growth Goal Seen as ‘Target Without a Plan’
Government work report lacks specifics on property, deflation Economists say more emphasis needed on boosting consumption China set a bullish target of around 5% growth this year as top leaders try to boost confidence in the world’s second-largest economy. But for...
US Services Growth Cools While Orders, Business Activity Pick Up
ISM services PMI decreased 0.8 point in February to 52.6 Employment measure declined; gauge of prices paid dropped Growth in the US service sector cooled in February, partly due to a decline in employment even as orders and business activity quickened. The Institute...
Apple’s iPhone Woes in China Deepen With a 24% Sales Plunge
iPhone slipped to fourth place in China in first weeks of 2024 Apple focusing on other big bets like AI, Vision Pro headset Apple Inc.’s iPhone sales in China fell by a surprising 24% over the first six weeks of this year, according to independent research that may...
Expectations and the Final Mile of Disinflation
In the aftermath of the COVID-19 pandemic, the U.S. economy experienced a swift recovery accompanied by a sharp rise in inflation. Inflation has been gradually declining since 2022 without a notable slowdown in the labor market. Nonetheless, inflation remains above...
Americans Now Pay as Much Interest on Other Debt as on Mortgages
Bills for consumer debt service hit record high this year Mortgage burden still near historic lows with locked-in deals US households are now paying roughly as much interest on other kinds of debt, from credit cards to student loans, as they are on their mortgages,...
What China’s 2024 Policy Goals Mean for Ties With the US
Work reports focus on tech innovation, defense spending Key for foreign firms is ‘full, timely’ reform rollout: AmCham China’s big annual policy report shows it may have to play nice with the US this year to counter its economic headwinds, though ambitions to ramp up...
Chinese Stocks Extend Gains in Afternoon as ETF Turnover Spikes
Mainland-listed shares climb while those in Hong Kong fall China’s 5% growth traget a disappointment to some investors Some exchange-traded funds tracking Chinese stocks saw a surge in turnover, a sign that state-backed funds are supporting the market after some...
China Defense Spending to Climb 7.2% as Xi Pursues Buildup
Increase in military expenditure is the biggest in five years Corruption is raising questions about nation’s armed forces China’s defense spending will grow by 7.2% in 2024 — the most in five years — an increase that comes amid signs corruption is undermining a...
GLOBAL MARKETS-Stocks skid as China’s NPC disappoints, bitcoin nears record
TOKYO, March 5 (Reuters) - Chinese stocks stumbled on Tuesday, dragging Asian peers with them, as investors showed their disappointment at Beijing's plans to support the economy as its week-long annual session of parliament, the National People's Congress, got...
Country Garden’s Sales Drop Most in Years Amid Wind-Up Fears
Chinese developer saw transactions plunge 85% from a year ago Chairman pledges to deliver projects with its own resources Country Garden Holdings Co. posted its biggest sales decline in at least seven years, adding to the woes of the Chinese property developer that is...
