By Vidya Ranganathan SINGAPORE (Reuters) – The dollar extended its gains in early Monday trades in Asia as a holiday in Japan sapped liquidity, leaving China’s somewhat disappointing weekend stimulus announcements the focus of market attention. The euro was down 0.13% at $1.0922 and the pound nearly … Source link
Author: user
Chip and data center specialist Nvidia (NASDAQ: NVDA) has emerged as the king of the artificial intelligence (AI) realm. Quarter after quarter, the company continues to defy expectations, set revenue and profit records, and provide investors with a laundry list of such good news that it’s hard to keep track of it all.If you’ve held Nvidia stock at any point during the last two years, congratulations. You’ve probably made a lot of money.But as I often express in my pieces, investors need to think long term. Can Nvidia’s rocket ship keep climbing higher?Below, I’ll outline catalysts and risk factors facing…
By Rae Wee SINGAPORE (Reuters) – Asian stocks hardly budged in early holiday-thinned trade on Monday, with investors nervous as to how markets in mainland China would react to government economic stimulus promises over the weekend which, though broad, were light on detail. Minister of Finance Lan Foan pledged to “significantly increase” debt, but left investors guessing on the overall size of the stimulus, a vital detail needed to gauge the longevity of a stock market rally. Chinese stocks have been on a tear since the government late last month announced its most aggressive stimulus since the pandemic, though some…
By David Lawder WASHINGTON (Reuters) – The world’s 26 poorest countries, home to 40% of the most poverty-stricken people, are more in debt than at any time since 2006 and increasingly vulnerable to natural disasters and other shocks, a new World Bank report showed on Sunday. The report finds that these economies are poorer today on average than they were on the eve of the COVID-19 pandemic, even as the rest of the world has largely recovered from COVID and resumed its growth trajectory. Released a week before World Bank and International Monetary Fund annual meetings get underway in Washington,…
To capitalise on its potential, India needs to develop a coherent plan that utilises its competitive advantages and is cognisant of its significant constraints. Source link
By Colleen Howe BEIJING (Reuters) -Oil prices fell by more than $1 a barrel, losing over 1.5% in early trading on Monday, after disappointing Chinese inflation data and a lack of clarity on Beijing’s economic stimulus plans stoked fears about demand. futures were down $1.26, or 1.59%, at $77.78 per barrel by 0020 GMT, and U.S. West Texas Intermediate crude futures fell $1.20, or 1.59%, to $74.36 per barrel. The negative news from China outweighed market concerns over the lingering possibility an Israeli response to Iran’s Oct. 1 missile attack could disrupt oil production, though the U.S. has cautioned Israel…
Why Charlie Munger Compared “Get Rich Quick” Investment Gurus To Heroin DealersBenzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below.Charlie Munger is rightly remembered as one of the most prominent and successful investors of the last 100 years. Munger’s investor meetings were as famous for his wisdom as for his no-holds-barred approach to dismantling myths about making money. One example of this is when he took “get-rich-quick” investment advisors to task by comparing them to heroin dealers.Munger made the comments in 2019 at a Daily Journal shareholders meeting when discussing the influence…
By Ben Blanchard and Faith HungTAIPEI (Reuters) – Taiwan Semiconductor Manufacturing Co, the main producer of advanced chips used in artificial intelligence applications, is expected to report a 40% leap in third-quarter profit on Thursday thanks to soaring demand.The world’s largest contract chipmaker, whose customers include Apple and Nvidia, has benefited from the surge towards AI.TSMC is set to report a net profit of T$298.2 billion ($9.27 billion) for the quarter ended Sept. 30, according to a LSEG SmartEstimate drawn from 22 analysts. SmartEstimates give greater weighting to forecasts from analysts who are more consistently accurate.That estimate compares to the…
By Xinghui Kok and Yantoultra Ngui SINGAPORE (Reuters) – Singapore’s central bank on Monday left its monetary policy settings unchanged, as expected, as data showed the economy picked up pace in the third quarter. The Monetary Authority of Singapore (MAS) said it will maintain the prevailing rate of appreciation of its exchange rate-based policy band known as the Nominal Effective Exchange Rate, or S$NEER. The width and the level at which the band is centred would also be maintained, the MAS said. “The risks to Singapore’s inflation outlook are more balanced compared to three months ago,” MAS said in a…
Something different happened Friday – so different that it took my breath away. The first Friday of earnings season has recently been such a jumble of tension that we had forgotten what it’s like to have multiple big quarters reported in the morning. But that was exactly what we got. It was surreal. BlackRock reported early, and it was solid per usual. We had CEO Larry Fink on CNBC’s “Squawk on the Street.” It took me about 8 minutes to get up to speed, given that BlackRock is an asset management story. And, the assets? They aren’t dripping in. They…