Image source: Getty Images When a lot of us think about the shining stars across the pond in the S&P 500, our minds immediately go to Nvidia. This is for good reason, as the stock’s risen 152% so far in 2024. However, there’s one company that’s performed even better, gaining a whopping 259% in this calendar year. Let’s dig in. Details to note The company I’m referring to is Vistra Corp (NYSE:VST). It’s an integrated retail electricity and power generation company, noted as the largest competitive power generator in the US. Vistra’s been around for several years, so some might…
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(Bloomberg) — Chinese stocks underperformed the rally that occurred while they were closed for a week, as investors counting on Beijing to produce more stimulus were underwhelmed. A key gauge in Hong Kong plunged the most in 16 years and European futures declined.Most Read from BloombergThe benchmark CSI 300 opened up 11% then pared gains to 2% after widely anticipated stimulus measures were absent from a press conference in Beijing. The index recouped a bit after. A gauge of Chinese stocks in Hong Kong tumbled the most intraday since 2008 as some investors took profit and rotated to mainland shares.…
Chairman of Foxconn Young Liu delivers a speech during the Hon Hai Tech Day in Taipei on Oct. 18, 2023.I-hwa Cheng | AFP | Getty ImagesThe boom in corporate investment into artificial intelligence infrastructure still has some way to go as large language models are continuing to evolve, according to the CEO of Foxconn, a key supplier to Apple.Speaking with CNBC’s Emily Tan, Chief Executive and Chairman of Foxconn Young Liu, said that the AI boom “still has some time to go” as advanced language models from the likes of OpenAI are becoming increasingly intelligent with each new iteration that…
By Maria Martinez (Reuters) -German industrial production rose by a larger than expected 2.9% in August from the previous month thanks to an increase in automotive industry output, the federal statistics office said on Tuesday. Analysts polled by Reuters had predicted a 0.8% rise. Still, the less volatile three-month on three-month comparison showed that production was 1.3% lower in the period from June to August than in the previous three months. Production in the automotive industry is fluctuating considerably from month to month and this has an impact on the monthly development of production as a whole, the statistics office…
(Bloomberg) — A rally in onshore Chinese stocks on their return from a week-long holiday cooled as traders questioned Beijing’s resolve to add more stimulus. Shares in Hong Kong tumbled.Most Read from BloombergThe benchmark CSI 300 Index was 5.1% higher after surging almost 11% in the opening minutes. Equities pared gains after officials at China’s top economic planner — the National Development and Reform Commission — held back in unleashing any more major stimulus at a press briefing.A gauge of Chinese shares listed in Hong Kong tumbled as much as 11% after having climbed by almost the same amount in…
Image source: Getty Images I buy FTSE growth shares with the aim of holding through thick and thin, to give them time to realise their full potential. But is this the right strategy? Instead of buying and holding, a different school of thought suggests investors sell their winners every year or so, and reinvest their gains in some of their worst performers. This works on the assumption that stock performance is cyclical. Successful stocks tend to be expensive, poor performers cheaper. Selling high and buying low is every investor’s dream, isn’t it? Time to buy, hold or sell? Also, success…
Investing.com– Bitcoin’s price fell on Tuesday, pulling back from recent gains amid growing bets that U.S. interest rates will fall at a slower pace than initially anticipated. A risk-off sentiment in broader financial markets, especially stocks, also spilled over into crypto, driving down prices across the board. Anticipation of more signals from the Federal Reserve and key inflation data this week kept traders on edge. fell 1.4% to $62,609.1 by 01:07 ET (05:07 GMT). Bitcoin weighed by stronger dollar, bets on smaller rate cut Strength in the weighed on crypto markets, as the greenback remained in sight of recent seven-week…
Image source: BT Group plc Would investing in BT (LSE:BT.A) five years ago have been a good or bad decision for me? BT shares have sunk 26% over that period, so at first blush it looks like I was fortunate not to put money in back then. However, the FTSE 100 telecoms giant has a 5.5% dividend yield. So what would have happened had I invested £1,000? Capital loss, on paper In terms of share value, the price decline means that £1,000 would have bought me shares now worth £740. That is not the sort of return I would like…
By Medha Singh and Lisa Pauline Mattackal has been distinctly listless in the past three months after starting the year with a bang. The crypto leader has largely shuttled between $56,000 and $63,000 so far in the second half of the year – a contrast to the first six months when it jumped 45%, propelled by the launch of U.S. exchange-traded funds (ETFs) tracking its spot price. Market players are now eyeing possible new crypto catalysts heading into year-end and early 2025, beyond broader market-moving events such as shifts in U.S. interest rates and the American presidential election. Jake Ostrovskis,…
A look at the day ahead in European and global markets from Rae WeeInvestors hoping for a roaring restart to China’s stock rally, after the mainland’s week-long holiday, were disappointed on Tuesday when Beijing policymakers offered only broad brush strokes about stimulus plans at a high-profile press conference.The National Development and Reform Commission (NDRC) said it was “fully confident” of meeting its targets but offered none of the details that investors are craving on China’s aggressive stimulus measures.Although the key mainland stock indexes did surge 10% to multi-year highs shortly after the open, those gains were quickly pared back.In stark…