When Hou Yujie isn’t convincing customers to rent traditional Chinese clothing for photos at the country’s famous Forbidden City, she and her friends are checking stocks.Hou recently put 10% of her money in the market. In just a few days, she earned one month’s salary — and she’s thrilled. “Interest rates for bank deposits are so low I don’t even want to bother,” Hou said at her shop outside the Beijing tourist site. “Stocks are a hot topic right now.”Chinese stocks, once deemed univestable by many, are luring both local and foreign investors impressed by recent returns. The Shanghai Composite hit…
Author: usaeverydaylife
The markets could be in for some choppiness if the government shutdown next week, according to Bank of America. While outcomes can vary widely, the bank found that the S & P 500 averages a loss of 5% between the week before and the week after a shutdown, based on data going back to 1990. That said, when looking at the same period for the shutdown that ran from the end of 2018 in 2019, the broad index rallied 6%. Here’s BofA’s breakdown of market performance around government shutdowns: Congress has not yet reached a deal to fund the government…
IBM is not your grandfather’s “big blue” stock anymore. The company has quickly blossomed into an essential leader in the quantum computing world. I want to own IBM using options to capture this potential new quantum computing “king”. IBM’s leadership, particularly under CEO Arvind Krishna, has transformed the company by making bold initiatives to divest from lethargic and legacy businesses and redirect the company’s focus to high-growth areas of hybrid cloud and (AI) artificial intelligence. HSBC on Thursday announced it has successfully used quantum computing in a trial to optimize bond trading, making it the first in the world to…
Internal Revenue Service headquarters on April 30, 2025, in Washington, DC. J. David Ake | Getty Images News | Getty ImagesThe Internal Revenue Service has been slow in recent weeks to approve and pay federal tax credits for electric vehicles, according to auto dealers and industry analysts — creating confusion for car dealers and hindering EV sales less than a week before the tax break is slated to disappear.The delays began in earnest in mid-September, according to accounts shared with CNBC from three dealers in different parts of the country. Auto analysts and two national trade associations also confirmed to…
Howie RubinJonathon Ziegler | Patrick McMullan | Getty ImagesFamed money manager Howard Rubin was arrested Friday morning on charges of sex trafficking and transporting women across state lines for commercial sex acts over the course of a decade, according to a new indictment.Rubin participated in sex acts with the women in luxury hotels, and later, a rented penthouse apartment in Manhattan that was converted into a so-called “sex dungeon,” the court filing says.”During many such encounters, Rubin engaged in conduct beyond the scope of the women’s consent,” an indictment alleges.The 70-year-old Rubin, whose formal personal assistant, Jennifer Powers, was also…
Pavlo Gonchar | SOPA Images | Lightrocket | Getty ImagesAnthropic is stepping up its global enterprise ambitions.The $183 billion artificial intelligence startup has grown its business customer base from under 1,000 to more than 300,000 in just two years, as demand for Claude’s models accelerates across industries and regions.On Friday, the company announced it will triple its international workforce and expand its applied AI team fivefold in 2025, as it scales beyond the U.S. and intensifies competition with OpenAI, Microsoft, and Google.That expansion comes as international demand increasingly drives the company’s momentum. Claude’s global usage has reached an inflection point:…
Global pharmaceutical stocks sold off on Friday, as markets reacted to news of 100% tariffs on branded and patented drugs imported into the United States, but significant moves lower haven’t been across the board. While Asia Pacific-listed shares in the sector saw notable falls — with some stocks tumbling more than 5% — the reaction in Europe was notably more muted. This is because many of Europe’s biggest drug exporters have, since U.S. President Donald Trump won a second term in office, been vocal in their commitment to manufacturing in the U.S. By 1:05 p.m. in London (8:05 a.m. ET),…
Tesla is poised to gain ground as the electric vehicle maker aims to expand its artificial intelligence-driven initiatives, including its burgeoning robotaxi fleet and humanoid robot business, according to Deutsche Bank. The investment firm, which has a buy rating on shares, raised its price target for Tesla to $435 from $345. That suggests upside of roughly 2.7%. “We think Elon Musk’s clear focus on Tesla’s most important efforts (robotaxi and Optimus) and the recent compensation package have removed a large overhang on the stock and going forward, will allow Tesla to benefit from being a leader in embodied AI,” analyst…
Boeing 737 Max planes sit at the airport in Renton, Washington.Leslie Josephs | CNBCBoeing can sign off on its 737 Max and 787 Dreamliner planes before they’re handed over to customers, the Federal Aviation Administration said Friday, the latest sign the manufacturer is regaining confidence from its regulator after years of safety crises.The FAA stopped allowing Boeing to issue its own airworthiness certificates for 737 MAX airplanes in 2019 after two fatal crashes. It made a similar decision for Boeing 787 airplanes in 2022 because of production defects. “Safety drives everything we do, and the FAA will only allow this step…
OpenAI CEO Sam Altman listens to questions at a Q&A following a tour of the OpenAI data center in Abilene, Texas, U.S., Sept. 23, 2025. Shelby Tauber | ReutersThis week, OpenAI redefined what momentum — and risk — look like in the artificial intelligence arms race.Now comes the hard part: Executing on CEO Sam Altman’s multitrillion-dollar vision. In a rapid-fire series of announcements, the company unveiled partnerships involving mind-bending sums of money and cemented its place at the center of the next wave of machine learning infrastructure.It began Monday with news that Nvidia plans to invest up $100 billion to…
