More than a billion people across the world, from China to the Philippines to diaspora communities in the United States, began celebrating the Lunar New Year on Tuesday with fireworks, family time and feasts.On Wednesday, the first new moon of the Year of the Snake will mark the imminent arrival of spring.Known as Seollal in South Korea and Tet in Vietnam, the beginning of the lunisolar year is the most important holiday in many Asian countries. In China, it prompts the world’s largest annual migration. Hundreds of millions of people brave jammed roads, train stations and airports, many making the…
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ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email’Fast Money’ is live from Miami with Brad Gerstner, Altimeter Capital founder, chairman, and CEO, to talk all things AI, including, Nvidia and China’s DeepSeek.08:28Tue, Jan 28 20255:23 PM EST Source link
A pedestrian wearing a protective mask walking past the Bombay Stock Exchange (BSE) building in Mumbai, India. The Nifty 50 and Sensex recently slid to their lowest in more than six monthsBloomberg | Bloomberg | Getty ImagesIndian equities have been sliding since September, as foreign investors spooked by a slowdown in the country’s economy exit their holdings. Analysts see this as a “healthy correction.”India’s benchmark stock indexes the Nifty 50 and Sensex are hovering at more than seven-month lows, firmly in correction territory since their September high.Sectors such as real estate, energy and autos have been the biggest decliners, data from…
Colombia remains a favorite market for some strategists and fund managers, despite some geopolitical tensions with the U.S., thanks to the country’s value proposition and growing economy. U.S. President Donald Trump threatened on Sunday to impose immediate tariffs on the South American country because it turned back aircraft carrying deported migrants. After Colombia reached a deal with the U.S. on Monday to accept migrants, the White House retreated from its sanctions, averting a potential trade war. That geopolitical blip has not altered the bullish view of Yan Wang, chief emerging markets and China strategist at Alpine Macro. “The events over…
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailMike Wilson, Morgan Stanley Chief U.S. Equity Strategist & Chief Investment Officer, joins ‘Fast Money’ in Miami to talk what to expect from tomorrow’s Fed meeting. Source link
In an aerial view, a customer walks in front of a Kohl’s store on November 26, 2024 in San Rafael, California. Justin Sullivan | Getty ImagesKohl’s said on Tuesday it has reduced nearly 10% of its corporate workforce, as the department store chain aims to improve profitability.The company said more than half of the total reductions would come from closing open positions, while the rest from eliminating roles currently held by its associates.The layoffs follow Kohl’s announcement earlier this month to close 27 underperforming stores by April as well as an e-commerce fulfillment center in San Bernardino, California.The company had about 96,000 employees in…
U.S. President-elect Donald Trump greets Tesla CEO and X owner Elon Musk during a rally the day before Trump is scheduled to be inaugurated for a second term, in Washington, U.S., January 19, 2025. Brian Snyder | ReutersTesla’s fourth-quarter earnings report lands just over a week after President Donald Trump began his second term in the White House, with Elon Musk right by his side.Now that the Tesla CEO is firmly planted in Washington, D.C., in a high-profile advisory role, shareholders in the electric vehicle maker have some questions.On the forum Tesla uses to solicit investor inquiries in advance of its earnings calls, more…
In Hanoi and other Vietnamese cities at this time of year, potted kumquat trees fastened to motorbike seats dodge and weave through traffic in a haze of orange. Families buy them as symbols of luck and good fortune for the Lunar New Year, which started on Wednesday.This year a typhoon and extreme heat dented the harvest, scrambling prices for kumquats and other ornamental plants associated with the holiday, which is known as Tet in Vietnam. Some people bought smaller kumquats or switched to less expensive options, like orchids or persimmon branches.Ornamental plant farmers are now stuck with unsold inventory after…
In the wake of Monday’s carnage within artificial intelligence stocks, JPMorgan found a buying opportunity in Ciena . Analyst Samik Chatterjee upgraded the network services stock to overweight from neutral. Chatterjee raised his price target by $4 to $88, which now suggests 15% upside over Monday’s close. Chatterjee’s call comes after the stock plummeted 21% on Monday amid a global technology sell-off , marking the stock’s worst day since 2020. This was catalyzed by the strong performance of Chinese startup DeepSeek’s AI release, which raised questions about U.S. leadership and the necessity of big spending within the sector. “We are…
Martín Escobari, General Atlantic, joins ‘Fast Money’ in Miami to talk the dealmaking and IPO outlook for 2025. Source link
