Tag: business news
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Yes, yields are important, but don’t forget about Nvidia
Lately, Wall Street’s eyes have been fixed on the bond market, and rightfully so. But there’s another major catalyst that could sway the market this week.
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CoreWeave shares are set to nearly double even as chip costs rise, Truist says
CoreWeave should continue to rally, despite Nvidia raising its GPU prices, as demand for cloud-related infrastructure remains elevated, per to Truist Securties.
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Bessent could tap near $1 trillion Treasury General Account to fund bond buybacks, sources said
Using the TGA would provide the Treasury with considerable firepower to influence long-term bond yields.
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Chili’s has sent its parent company’s stock surging. Baird thinks there’s even more upside
Chili’s is bringing in more customers as its strategy shift begins to pay off, driving more value to shares of its owner, Brinker International, per Baird.
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Shein targets $27 billion Hong Kong IPO — a fraction of its 2022 valuation
Shein is planning to raise up to $13.86 billion in Hong Kong dollars ($1.77 billion) in its initial public offering, according to a filing on Monday.
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Singapore inflation hits highest in nearly two years, but undershoots expectations
Consumer prices rose 2.2% last month, compared with the 2.3% expected by economists polled by Reuters
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Alibaba plunges after announcing $10.2 billion share placement to fund AI push
Alibaba shares plunged 10% after the tech giant priced a $10.2 billion share placement to fund its growing AI investments.
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Democratic House leader Jeffries meets with Jared Kushner as midterms loom
Democrats are currently favored to win a majority in the House of Representatives after November’s elections.
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America’s AI backlash: How the effort to keep worker trust is evolving inside companies
Trust remains the cornerstone of an ideal AI communication strategy, whether for an AI-native startup or legacy enterprise facing yet another cultural shift.
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