Tourists sit on a bollard at the Sydney Opera House.Afp Contributor | Afp | Getty ImagesAustralia’s inflation accelerated in the third quarter, with consumer prices rising 3.2% from a year earlier — the fastest pace in more than a year — the Australian Bureau of Statistics said Wednesday. The increase topped the 2.1% rise in the second quarter and came in above the 3% forecast by economists polled by Reuters.The ABS said the most significant price rises were in housing, recreation and culture, and transport.Trimmed mean inflation rate, which excludes extreme price changes in consumer goods and services, rose to 3%,…
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Palestinians try to clear the remains of buildings destroyed by Israeli attacks with limited resources i Khan Yunis, Gaza on Oct. 28, 2025. Mohammed Eslayeh | Anadolu | Getty ImagesIsraeli planes launched strikes in Gaza on Tuesday after Israel accused the militant group Hamas of violating a ceasefire in the Palestinian territory, the latest test of a fragile deal brokered earlier this month by U.S. President Donald Trump.Local health authorities said the strikes killed at least 26 people, including five in a house hit in the Bureij refugee camp in the central Gaza Strip, four in a building in Gaza City’s Sabra neighbourhood, and five in a car in…
From artificial intelligence to a bitcoin long short trade, emerging hedge fund managers touted their best ideas at the Sohn San Francisco investment conference on Tuesday. AI pick Ravi Paidipaty of Freestone Grove Partners pitched Semtech Corporation , a so-called mixed signal semiconductor company. Semtech will be a winner in next-gen AI data center connectivity, which will drive accelerating growth, margin expansion and significant earnings revision, the manager said. Paidipaty is optimistic about the new CEO Hong Hou who has been focused on internal and external execution. The investors sees 65% earnings-per-share growth for Semtech in the mid-term with long-term…
CNBC’s Hugh Son reports on Visa’s Q4 earnings. Source link
Mount Fuji and the Shinjuku skyline in Tokyo, Japan, on Friday, Feb. 14, 2025. Photographer: Kiyoshi Ota/Bloomberg via Getty ImagesBloomberg | Bloomberg | Getty ImagesAsia-Pacific markets mostly traded higher on Wednesday as investors awaited the Federal Reserve’s interest rate decision, widely believed to bring a second straight 25 basis point cut.Markets are assigning a nearly 100% probability that another quarter-point reduction, on the heels of September’s cut, would bring the federal funds rate to a range between 3.75%-4.00%.”If [Fed chair Jerome Powell] comes off dovish, bets for future Fed cuts will increase and provide more fuel to market momentum,” veteran…
Celestica CEO Rob Mionis explained how his company designs and manufactures infrastructure that enables artificial intelligence in a Tuesday interview with CNBC’s Jim Cramer.”If AI is a speeding freight train, we’re laying the tracks ahead of the freight train,” Mionis said.He pushed back against the notion that the AI boom is a bubble, saying that the technology has gone from a “nice to have” to a “must have.”Celestica reported earnings Monday after close, managing to beat estimates and raise its full-year outlook. The stock hit a 52-week high during Tuesday’s session and closed up more than 8%. Celestica has had…
A man walks past a logo of SK Hynix at the lobby of the company’s Bundang office in Seongnam on January 29, 2021.Jung Yeon-Je | AFP | Getty ImagesSouth Korea’s SK Hynix, one of the world’s largest memory chipmakers, on Wednesday posted record quarterly revenue and profit, boosted by a strong demand for its high bandwidth memory used in generative AI chipsets.Here are SK Hynix’s third-quarter results versus LSEG SmartEstimates, which are weighted toward forecasts from analysts who are more consistently accurate:Revenue: 24.45 trillion won ($17.13 billion) vs. 24.73 trillion wonOperating profit: 11.38 trillion won vs. 11.39 trillion wonRevenue rose…
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailEvan Brown, head of multi-asset strategy at UBS Asset Management, joins CNBC’s ‘Fast Money’ to discuss how he sees the current economy, what to expect from Wednesday’s Fed meeting, and more. Source link
Traders work at the New York Stock Exchange on Oct. 28, 2025. NYSEU.S. stock futures were little changed Tuesday night after the major averages hit fresh records ahead of the Federal Reserve’s interest rate decision.Dow Jones Industrial Average futures fell by 33 points, or 0.07%. S&P 500 futures were flat, while the Nasdaq 100 futures rose 0.02%.Wall Street is coming off a second day of fresh records for the major averages. The S&P 500 rose 0.2% and topped 6,900 for the first time ever intraday, putting it on the cusp of a major milestone at 7,000. The Dow Jones Industrial…
Following this weekend’s news of a framework for a trade deal with China, the growth trade ripped higher led by the semiconductors at new all-time highs. One very interesting and nuanced area of the semiconductor production process I want to focus on today is computational lithography. Think of it in terms of this analogy: I named my company Inside Edge Capital Management as a reference to my college days as a Division One ski racer. In ski racing hundredths of a second define champions, or placing just off the podium. We used precision machines to create sharp and precise edges…
