Chinese technology stocks have seen a volatile start to 2025, with substantial short-term swings in both directions from ETF proxies like the KraneShares CSI China Internet Fund (KWEB) . The choppy price action year-to-date is within a constructive long-term context, noting a long-term base has developed for KWEB. This is quite different from U.S. technology stocks, which have trended higher since 2023 and appear relatively overextended. KWEB established a cyclical uptrend after a base breakout late last year. A long-term uptrend line near $28 defines the gradual uptrend. This trendline was successfully tested during the latest bout of volatility, and…
Author: usaeverydaylife
Alex Karp, chief executive officer of Palantir Technologies Inc., speaks during the AIPCon conference in Palo Alto, California, US, on March 13, 2025.David Paul Morris | Bloomberg | Getty ImagesPalantir boosted its revenue guidance Monday as the artificial intelligence software company saw commercial and government revenue boom.Shares fell about 5% after the bell.Here’s how the company did compared with LSEG consensus estimates:Earnings per share: 13 cents adjusted vs. 13 cents expectedRevenue: $884 million vs. $863 million expected”We are delivering the operating system for the modern enterprise in the era of AI,” CEO Alex Karp wrote in an earnings release Monday, adding that…
Two men sit under a sign of Credit Suisse displayed on a building in Lugano, on June 9, 2023. Fabrice Coffrini | AFP | Getty ImagesCredit Suisse will pay about $511 million to settle a criminal case for having conspired with American taxpayers to hide more than $4 billion in at least 475 offshore accounts, the Department of Justice said Monday.The conspiracy allowed “ultra-high-net-worth and high-net-worth individual clients” of the Swiss financial services corporation to evade their U.S. tax obligations from 2010 through 2021, the DOJ said.”In doing so, Credit Suisse AG committed new crimes and breached its May 2014…
Alex Karp, CEO of Palantir Technologies, speaks on a panel titled Power, Purpose, and the New American Century at the Hill and Valley Forum at the U.S. Capitol on April 30, 2025 in Washington, DC. Kevin Dietsch | Getty ImagesPalantir CEO Alex Karp offered up another batch of colorful commentary to investors alongside the data analytics company’s first-quarter earnings.In a letter to shareholders, Karp quoted his own book and some significant historical figures — including St. Augustine and President Richard Nixon — and the New Testament as he touted the company’s artificial intelligence-fueled growth and commitment toward equipping and enhancing…
Israeli fighter jets flew over 1,000 miles to strike the port city of Hudaydah in western Yemen on Monday, after the Houthi militia fired a ballistic missile that landed near Israel’s main international airport this weekend.At least 21 people were injured at one of the targeted sites, a cement factory east of Hudaydah, according to the Houthi-run health ministry.The Israeli strike was the latest tit-for-tat volley between Israel and the Houthis, the Iranian-backed armed group that controls much of northwestern Yemen. For more than a year, the Houthis have been shooting missiles and drones at Israel, in what they call…
This could be a fleeting moment in time to snag excellent income in municipal bonds, according to several strategists. Muni bond prices slipped in April amid tariff-induced market volatility, with the Vanguard Tax-Exempt Bond ETF (VTEB) dropping about 0.9% last month. Bond yields move inversely to prices. Higher net-worth investors typically turn to muni bonds because their interest income is free of federal tax and exempt from state tax when the holder lives in the state in which the bond is issued. “The top opportunity for municipal investors remains, but it is closing and closing fast,” Tom Kozlik, head of…
US President Donald Trump leaves after taking questions from the press on the South Lawn upon returning to the White House in Washington, DC, on May 4, 2025. Alex Wroblewski | Afp | Getty ImagesPresident Donald Trump has falsely claimed that gasoline prices have fallen below $2 per gallon, in his push to convince the Federal Reserve to lower interest rates.”Gasoline just broke $1.98 a Gallon, lowest in years,” Trump said in a post on his social media platform Truth Social on Friday. “Consumers have been waiting for years to see pricing come down. NO INFLATION, THE FED SHOULD LOWER…
National Security Advisor Michael Waltz looks at his phone as he prepares for a TV interview at the White House on May 01, 2025 in Washington, DC. Andrew Harnik | Getty ImagesThe messaging app that President Donald Trump’s former national security advisor was seen using during a Cabinet meeting last week is temporarily suspending services following a reported hack, its parent company said Monday.”TeleMessage is investigating a potential security incident,” a spokesperson for Smarsh, which runs the app, told CNBC in a statement. “Upon detection, we acted quickly to contain it and engaged an external cybersecurity firm to support our…
A Waymo self-driving vehicle seen in Phoenix, Arizona on Feb. 27, 2025. Leslie Josephs | CNBCAlphabet-owned Waymo and the auto manufacturing giant Magna International plan to double robotaxi production at their new plant in Mesa, Arizona, by the end of 2026, the companies announced Monday.The “Waymo Driver Integration Plant,” a 239,000 square foot facility outside of Phoenix, will assemble over 2,000 Jaguar I-PACE robotaxis, the Alphabet company said in a statement. Waymo will add those self-driving vehicles to its existing fleet that already includes around 1,500 robotaxis.The plant will be, “capable of building tens of thousands of fully autonomous Waymo vehicles per…
Erste bank headquarters in Budapest.ATTILA KISBENEDEK I AFP I Getty ImagesAustria’s Erste Group Bank acquired a 49% stake in Santander’s Polish unit for around 6.8 billion euros ($7.7 billion), Santander and Erste said Monday, driving shares in Santander Bank Polska down around 5% in Warsaw.Santander and Erste also reached a deal for Erste to acquire 50% of the Spanish lender’s Polish asset management business for 200 million euros, they said.Erste said it would fund the acquisitions exclusively from internal resources.Its shares jumped 6.46% while those in Santander were up 0.3% by 0830 GMT.Santander, the euro zone’s biggest lender by market value, said it would use part of the proceeds…
