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....

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...

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...