Nvidia this week surged into the top position among the world’s most valuable companies by market capitalization, surpassing Apple. The stock has traded mostly sideways to higher on low trading volumes since breaking out from a symmetrical triangle last month as investors look for future catalysts that may drive the AI favorite’s next move. Investors should monitor key lower price levels on Nvidia’s chart around $144, $125 and $97, while watching an important higher level near $180. Nvidia (NVDA) this week surged into the top position among the world’s most valuable companies by market capitalization, surpassing iPhone maker Apple (AAPL).…
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By Steve Holland, Nandita Bose and Joseph Ax PALM BEACH, Florida/WASHINGTON (Reuters) -Donald Trump recaptured the White House with a sweeping victory on Wednesday as tens of millions of Americans looked past his criminal charges and divisive rhetoric to embrace a leader who, if he carries out his campaign promises, will test the limits of presidential power. Trump, 78, clinched Tuesday’s election after a polarizing and dizzying campaign marked by two attempts on his life and Kamala Harris’ late entry into the race following President Joe Biden’s surprise withdrawal. In a concession speech at her alma mater Howard University on…
By Kevin Buckland TOKYO (Reuters) – Asia-Pacific equity markets were mixed on Thursday as investors weighed the implications of a Donald Trump presidency, while also eyeing monetary policy decisions from the U.S. Federal Reserve and other major central banks later in the day. Though potential for a Republican sweep quickly ushering in big fiscal spending sent all three major U.S. share indexes surging to record peaks, strong gains were not seen in Asia. U.S. Treasury yields soared on the risk of higher deficits, helping lift the dollar to its biggest one-day gain in more than two years versus major peers…
A cargo ship is sailing towards the docking of a foreign trade container terminal in Qingdao Port, Shandong province, in Qingdao, China, on June 7, 2024.Costfoto | Nurphoto | Getty ImagesChina’s exports in October rose at their fastest pace in 19 months, sharply beating analysts’ estimates, according to data from the country’s customs agency on Thursday.Exports rose by 12.7% in October from a year ago in U.S. dollar terms, their highest jump since March 2023, according to LSEG data. That compares with 2.4% growth in September, 8.7% in August and 7% in July.Analysts had pegged exports growth at 5.2% year…
Carbon ratings agency BeZero Carbon and Climate Impact X (CIX), a global carbon marketplace based in Singapore, have announced a partnership, under which BeZero Carbon’s ratings will be integrated into the CIX Exchange.The collaboration is aimed at enhancing transparency and improving decision-making in carbon credit trading, according to a joint statement by the two companies, published on Monday.The CIX Exchange trading screen will now display BeZero Carbon’s headline ratings for carbon credits, enabling users—including financial institutions, intermediaries, and corporate buyers—to make informed decisions based on project quality.This partnership is a significant step in building a high-integrity carbon market, allowing participants…
MENLO PARK, Calif., Nov. 06, 2024 (GLOBE NEWSWIRE) — PacBio (NASDAQ: PACB), developer of the world’s most advanced sequencing technologies, today announced the Vega™ system, the company’s first benchtop long-read sequencing platform. Vega delivers all the functionality of the Revio system, PacBio’s high-throughput long-read sequencer, into a compact, lower-throughput benchtop platform. Offering exceptional data accuracy with HiFi technology, fast turnaround time, and a U.S. list price of $169,000, Vega is the perfect solution for researchers looking to adopt long-read sequencing across a variety of applications, including targeted sequencing, RNA sequencing, and small genome sequencing. “Vega is the realization of our…
In Agatha Christie’s mystery novel Hallowe’en Party, a young guest who may have witnessed a murder drowns in an apple-bobbing basket. In the wrong place at the wrong time, the unfortunate partygoer’s fate is a metaphor for that of the unlucky investor who bites into a losing stock and tastes the consequences. Taking a page from Benjamin Graham and David Dodd, Howard Marks, CFA, co-chair and co-founder of Oaktree Capital Management, describes fixed-income investing as “a negative art”: Success depends not on finding winners but on avoiding losers, on not buying those companies likely to default on loans and drag…
We recently published a list of 10 Best Innovative Stocks to Invest in According to Hedge Funds. In this article, we are going to take a look at where Meta Platforms Inc (NASDAQ:META) stands against other best innovative stocks to invest in according to hedge funds. The Magnificent Seven continues to grasp a sizeable market share of the market gains over the past few years. That said, investors and analysts are excited to see what this earnings period has to offer for the magnificent seven and how much of an influence they have on the market. On October 31, Christian…
Credit: Pixabay/CC0 Public Domain Asset owners who control substantial capital in the financial system through pension funds, endowments, foundations, and individual holdings can play a crucial role in driving investments in climate change mitigation, according to a new Yale School of the Environment study. The study, led by researcher Emil Moldovan, found that owners of large asset portfolios are recognizing the need to consider the environmental impacts of investment decisions and aligning portfolio goals with global efforts to limit climate change. However, perceived risk, lack of training in the climate investment sector, and aligning investments with portfolio goals are presenting…
Getty Images; Jenny Chang-Rodriguez/BI The S&P 500 can add to record highs through year-end with Trump headed to the White House, Goldman says. The end of political uncertainty will bring back investors and spark a post-election rally. M&A activity will likely pick up under Trump, presenting another bull case for stocks. With the presidential election wrapped up, Goldman Sachs anticipates that the stock market will keep moving higher. The S&P 500, Dow Jones industrial average, and Nasdaq 100 all hit all-time highs on Wednesday after Donald Trump’s presidential-election victory pleased investors anticipating his pro-business policies. According to analysts led by…