What next for the Dow Jones Index and DIA ETF after recent crash?
The Dow Jones Index has pulled back in the past few days, moving from the year-to-date high of $48,416 to the current $47,457. It has remained about 30% above its…
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What’s driving foreign investors to ditch Asia’s AI markets now?
Foreign investors are withdrawing billions from Asia’s top-performing AI-linked stock markets, marking the sharpest retreat in over seven months.A Bloomberg exclusive reports that Taiwan, South Korea, Japan, and China have…
Will Burberry share price hit 1,500p as China return to growth?
Burberry share price held steady today, Nov. 13, after the company published encouraging financial results that demonstrated its turnaround efforts was starting to bear fruit. BRBY jumped to 1,253p, from…
Headwinds and tailwinds
According to FactSet, over 90% of S&P 500 constituents have released their third quarter results. Of these, 82% have beaten consensus forecasts on earnings per share, while 77% have exceeded…
Rolls-Royce share price stuck in a range as it maintains guidance: is it a buy?
Rolls-Royce share price pulled back on Thursday after the company published an encouraging trading statement that illustrated strong results. RR stock was trading at 1,140p, down from the year-to-date high…
Tencent posts 15% revenue surge to $27.08B: here’s what powered its Q3 boom
Chinese tech giant Tencent delivered stronger-than-expected third-quarter results, posting revenue of ¥192.9 billion ($27.08B) as artificial intelligence investments and gaming momentum drove growth across its core businesses.The 15% year-on-year revenue…
From cloud to checkout: Alibaba puts AI agent Qwen at centre of mobile push
Alibaba Group is repositioning its mobile artificial intelligence strategy with a significant rebrand of its core AI app, as per a Bloomberg report.The existing Tongyi platform will be relaunched as…
India emerges as AI hotspot with Blackstone-backed AirTrunk’s major move
AirTrunk, the Australian hyperscale data centre operator acquired by Blackstone Inc. for A$24 billion ($16 billion), is expanding into India as part of its broader Asia-Pacific growth strategy.The move signals…
Cisco stock surges 7% on raised outlook fuelled by booming AI data center demand
Shares of American digital technology major Cisco Systems surged on Thursday after the company lifted its annual profit and revenue outlook, buoyed by surging demand for networking gear used in…
Here’s why the Lloyds share price is nearing 100p
Lloyds share price is closing in on hitting the 100p mark as the multi-year rally gains steam. The stock jumped to a multi-decade high of 95.4p, continuing a trajectory that…