NVIDIA founder, President and CEO Jensen Huang speaks about the future of artificial intelligence and its effect on energy consumption and production at the Bipartisan Policy Center on September 27, 2024 in Washington, DC. Chip Somodevilla | Getty Images Nvidia shares were under pressure in the premarket Monday after a Chinese regulator said it was … Read more
Increased advertising spend gives Reddit a leg up over its peers, according to Morgan Stanley. The bank upgraded shares of the social media platform to overweight from equal weight. It also hiked its price target to $200 from $70. This updated forecast is nearly 23% above where shares closed on Friday. RDDT YTD mountain RDDT … Read more
The Onion has bought InfoWars, Alex Jones’ site, out of bankruptcy. Justin Sullivan | Getty Images Conspiracy theorist Alex Jones is set to urge a U.S. bankruptcy judge to block the sale of his Infowars website to the Onion news parody site at a Monday court hearing in Houston. The Onion was named the winning … Read more
Members of the public are seen shopping for Black Friday deals in Glasgow, Scotland. Jeff J Mitchell | Getty Images News | Getty Images LONDON — British businesses lost steam and pulled back on hiring last month, as industry reacted to the Labour government’s bumper tax-raising budget, new data showed Monday. Business confidence in the … Read more
Chinese President Xi Jinping attends a reception dinner at the Great Hall of the People ahead of China’s National Day in Beijing, China on September 28, 2023. Jade Gao | Pool | via Reuters China’s leaders on Monday pledged “more proactive” fiscal measures and “moderately” looser monetary policy next year to boost domestic consumption, according … Read more
Simu Liu speaks on stage during the People’s Choice Awards on Feb. 18, 2024, in Santa Monica, California. Rich Polk| NBCUniversal | Getty Images Marvel’s first Asian superhero star, Simu Liu, says he hit “rock bottom” before finding “enlightenment” as an actor — after his career as an accountant was a flop. “I spent maybe … Read more
BEIJING, CHINA – NOVEMBER 8: Chinese President Xi Jinping arrives for a signing ceremony with Italian President Sergio Mattarella (not pictured) at The Great Hall Of The People on November 8, 2024 in Beijing, China.  Florence Lo | Getty Images News | Getty Images Chinese President Xi Jinping and other top leaders are gearing up … Read more
Qatar’s Energy Minister and CEO of QatarEnergy Saad Sherida Al Kaabi speaks at a press conference in Doha on Sept. 1, 2024. Karim Jaafar | Afp | Getty Images Qatar’s energy minister said he isn’t too concerned about U.S. President-elect Donald Trump’s pledge to lift the cap on liquefied natural gas exports. “Additional gas is … Read more
Customers shopping for vegetables at a supermarket in Nanjing, China. Nurphoto | Nurphoto | Getty Images China’s consumer price growth fell to a five-month low in November and missed expectations, climbing 0.2% from a year ago, according to data from the National Bureau of Statistics released Monday. Analysts polled by Reuters had expected a slight … Read more
Maybe new investors don’t care about valuations. Maybe new exchange-traded funds can take Wall Street by storm. Maybe insiders aren’t in a hurry to sell. Maybe earnings are going to be much better than we think. Maybe some part of the market mechanics has broken down. Or, maybe the whole market has a new expectation … Read more