(Bloomberg) — Chinese tech stocks have had a tremendous rally since the nation announced its stimulus spree. And all signs point to fresh buying being the main cause.Most Read from BloombergShort positions on American Depositary Receipts of major companies including Alibaba Group Holding Ltd., JD.com Inc. and Baidu Inc. haven’t changed dramatically in recent days, according S3 Partners and JPMorgan Chase & Co. If the bears were forced out of their bets, the rally could get further momentum.“The sharp rally in Chinese ADRs over the past week has been mostly the result of fresh buying rather than short covering,” JPMorgan…
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Image source: Getty Images The FTSE 100 isn’t known for world-class technology stocks. After all, its largest companies are typically in healthcare, energy, and financials. But there are a couple of data-focussed Footsie shares that could soar in the next bull market. One of them is a global information services company called Experian (LSE:EXPN). I think this FTSE 100 share has a good chance to break through the £100bn barrier for market capitalisation. Given it’s currently £36bn, here’s why I think it could triple in size. A resilient FTSE 100 share First, it has a strong business model and significant…
KAWASAKI, Japan, Oct 4, 2024 – (JCN Newswire) – – Fujitsu today announced that it will exhibit a technology showcase of its latest innovations at CEATEC 2024 (1), the annual cutting-edge IT & electronics exhibition at Makuhari Messe (Chiba Prefecture, Japan) from October 15 to October 18, 2024. Fujitsu’s booth will be located in Hall 7 of the venue. Fujitsu will reveal how the collaboration between humans and AI as a trusted assistant can create new value through an exploration of three major themes: “Sports: Performance enhancement with AI and data,” “Healthcare: Enhancing well-being with AI and data,” and “Culture:…
By Jeff Mason and Nandita Bose RIPON, Wisconsin (Reuters) -Former Republican congresswoman Liz Cheney and Democratic presidential candidate Kamala Harris said former President Donald Trump is not fit to lead the U.S., urging voters to put country over party as they campaigned together on Thursday. Cheney and her father Dick Cheney, who was vice president under George W. Bush and is still vilified by Democrats for his bullish defense of the Iraq War, are staunch conservatives and two of the most prominent Republicans to have endorsed Harris against Trump in the Nov. 5 election. Both have sharply criticized Trump, the…
(Bloomberg) — Billions of dollars have exited China’s largest money market exchange-traded funds just as billions more flowed into ETFs tracking equities, signaling that Beijing has finally drawn skeptical investors back to the country’s struggling stock market.Most Read from BloombergLast week, China’s 10 largest money market ETFs saw combined outflows of $4.1 billion, while the 10 biggest equity ETFs lured $6 billion in new capital. This shift followed fresh stimulus measures that spurred the best week for mainland stocks since 2008.The outflows were concentrated in two of the largest cash funds: the Yinhua Traded Money Market Fund, which lost $2.4…
Hedge fund manager Dan Niles is particularly bullish on one tech stock going in to 2025. That stock is Meta Platforms — the tech giant behind social media platforms Facebook and Instagram as well as instant messaging app WhatsApp. Niles, who runs an actively managed fund of 20 to 40 large-cap U.S. stocks at Niles Investment Management , highlighted that the company has been using artificial intelligence effectively in their internal platforms. For instance, the company is able to preempt the kind of videos and advertisements a user would like to see, through AI algorithms, he explained. “That’s generating much…
By Kanishka Singh WASHINGTON (Reuters) – President Joe Biden said on Thursday he did not believe there is going to be an “all-out war” in the Middle East, a region that has been on edge amid Israel’s assaults in Gaza and Lebanon and escalation of the U.S. ally’s tensions with Iran. The president said that such a war can be avoided but more needed to be done to ensure that. KEY QUOTES Asked how confident he was that such a war can be averted, he paused and told reporters: “How confident are you it’s not going to rain? Look, I…
Perception does not always match reality. We suspected this may be the case when it comes to the widely held belief that Bitcoin is considerably more volatile than other asset classes. We tested our theory by revisiting Mieszko Mazur’s 2022 paper, “Misperceptions of Bitcoin Volatility.” In this blog post, we will discuss Mazur’s methodology, refresh his data, and illustrate why it’s best to approach the topic of Bitcoin volatility analytically and with an open mind. The Beginning Bitcoin began its journey as an esoteric whitepaper published in the hinterlands of the World Wide Web in 2008. As of mid-2024, however,…
By Rae Wee SINGAPORE (Reuters) – Asian stocks retreated on Friday while oil prices headed for their sharpest weekly gain in more than a year, as escalating tensions in the Middle East kept markets on edge ahead of a U.S. jobs report later in the day. U.S. President Joe Biden said on Thursday that the U.S. is discussing strikes on Iran’s oil facilities as retaliation for Tehran’s missile attack on Israel, while Israel’s military hit Beirut with new air strikes in its battle against Lebanese armed group Hezbollah. His comments sparked a surge in oil prices, which had already been…
Charlie Munger’s Three-Word Rule That Guided Warren Buffett Could Help You TooA podcaster recently shared his experience of meeting Charlie Munger and having dinner with the legendary investor and former vice chairman of Berkshire Hathaway (NYSE:BRK)(NYSE:BRK).Here’s the most valuable piece of advice and key takeaway from that encounter.What Happened: Munger and investing icon Warren Buffett had a long-standing friendship, which continues to influence the success of Berkshire Hathaway. With Munger’s recent passing, his legacy and passion for surrounding himself with exceptional people continue to shape the company. Without their chance meeting, Berkshire Hathaway might have taken a very different path.Don’t…