The recent surge in Chinese stocks hit the pause button on Tuesday after Beijing failed to roll out another large stimulus package, a surprise to investors hoping to add more fuel to the unprecedented rally.Hong Kong’s benchmark Hang Seng Index (^HSI), which is loaded with large Chinese stocks, dropped around 9% on Tuesday, its worst day since October 2008, after climbing around 20% over the past month on the heels of China unleashing its most aggressive monetary stimulus since the pandemic.China’s benchmark CSI 300 (000300.SS) also experienced a volatile day as expectations of a large stimulus announcement fueled an initial…
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By Niket Nishant and Manya Saini (Reuters) – Warren Buffett-led Berkshire Hathaway (NYSE:) further cut its stake in Bank of America, a late Monday filing showed, netting the investment giant more than $10 billion since it started the share sale in July. Buffett, who began investing in the second largest U.S. lender in 2011, had a 13.1% stake worth around $45 billion as of July. The latest round of sales have reduced the stake to 10.1%. The selling spree by Buffett appears to be unnerving other BofA shareholders, at a time when the outlook for the banking industry remains murky…
While many custom bike shops focus primarily on aesthetics, Tossa R in Sofia, Bulgaria, has established a reputation for comprehensive motorcycle customization. Asen Zahariev and his team are dedicated to not only enhancing the appearance but also modernizing the performance of their builds. The Gold Digga, a stunning BMW R 100 cafe racer commissioned by a Maltese customer in 2021, is a prime example of its exceptional craftsmanship. This meticulously engineered machine showcases a harmonious blend of classic charm and modern technology. Tossa R’s team meticulously disassembled the classic airhead, replacing its original components with high quality aftermarket parts. The…
The Dodge Challenger, a muscle car icon, was introduced in 1970. Sharing the E-body platform with the Plymouth Barracuda, it quickly gained popularity, selling nearly 77,000 units in its first year. While the Challenger remained in production until 1974, its muscle car glory was short lived, ending in 1971 with the removal of high compression big block V8 engines. Despite its brief reign, the Challenger remains a highly sought after collectible. One of the most desirable Challenger models is the R/T, which was offered with a variety of powerful engines, including the base 383 cubic inch V8, the more potent…
In a challenging year for Catcha Investment Corp. (CGBS), the company’s stock price plummeted to a 52-week low, reaching a mere $0.26. This significant downturn reflects a staggering 1-year change, with the stock value eroding by -97.58%. Investors have witnessed a dramatic contraction in market confidence, as the stock struggles to find a foothold after such a precipitous drop from its previous levels. The current price point marks a critical juncture for the company, as it grapples with market dynamics and internal strategies to regain its footing and investor trust. In other recent news, Crown LNG Holdings Limited has been…
Republica Motocicletas, a motorcycle customization shop in Cordoba, Argentina, has vanished from the scene, leaving behind a legacy of stunning builds. Known for their innovative and budget-friendly projects, Republica’s work has fascinated enthusiasts worldwide. One of their most recent and impressive creations was the Fofis, a Honda NX150 transformed into a sleek street tracker. Starting with a humble 1994 Honda NX150, Republica’s team meticulously stripped away the original plastics and subframe to create a clean and modern silhouette. A custom made subframe was welded onto the main chassis, altering the rear end geometry and providing a foundation for the new…
Gasoline Motor Co., known for its extravagant custom motorcycle projects, has demonstrated its ability to exercise restraint when necessary. The “Mr. Bungle” project, named after the American rock band, is a prime example of this approach. Starting with a 2017 Harley-Davidson Sportster Roadster, the Sydney based shop sought to enhance the bike’s aesthetic without completely altering its original character. The first major modification was to the cockpit. A new low rise handlebar from Thrashin Supply, secured by a custom made clamp, replaced the stock handlebar. An aftermarket speedometer housed in a black anodized billet aluminum housing from Rick’s Motorcycles was…
Investing.com– U.S. stocks rebounded Tuesday, led by Nvidia surge in tech as the third-quarter earning season got underway. At 12:49 p.m. ET (1749 GMT), rose 80 points, or 0.2%, climbed 0.7%, and gained 1.1%. Nvidia powers tech; Docusign set to join S&P 500 MidCap 400 index NVIDIA Corporation (NASDAQ:) led the broader tech sector higher on optimism about the chip demand outlook after Foxconn chairman Young Liu’s said demand for Foxconn servers, which are powered by Nvidia’s upcoming Blackwell chip, is “much better than we thought.” Alphabet (NASDAQ:) was marginally higher, a day after its Google unit was ordered by a US…
The joy of reunion was palpable as Michael Montgomery, the heartbroken owner of a stolen 1957 Dodge Dart, was finally reunited with his beloved classic car. After six months of despair, a tip led to the arrest of the perpetrator, Robert Lopez, who had a history of auto theft in the area. The car, complete with its original contents, was recovered from Lopez’s possession, bringing Montgomery’s cherished vehicle back home to Fresno. Montgomery had purchased the 57-year old Dodge Dart from the original owner, who had purchased it new on November 2 from the Taylor Dodge dealership in Selma, California.…
Meta Platforms hit a new intraday high on Oct. 4. Investments in artificial intelligence (AI) are paying off for its core advertising business, and its augmented and virtual reality projects could have potential to contribute earnings growth down the road.Meta is now the hottest stock in the “Magnificent Seven” — a group of the largest tech-focused companies. But not long ago, Nvidia carried the group higher. And Apple, which had been a significant market laggard earlier in the year, has staged a massive comeback and is up over 33% in the last six months.You may be surprised to learn that every Magnificent…