News
China industrial profits jump 24. 7% in April, fastest gain in over two years despite headwinds
5+ hour, 40+ min ago (0+ words) ...
European companies double down on China manufacturing despite EU de-risking push
6+ hour, 4+ min ago (582+ words) BEIJING " More European companies are maintaining or expanding their supply chains in mainland China to remain competitive globally, according to a survey released Wednesday by the European Union Chamber of Commerce in China. Nearly one-third of respondents said they were…...
Piper Sandler says Strait of Hormuz to remain closed for months and oil to hit new highs
11+ hour, 49+ min ago (282+ words) Piper Sandler isn't buying the talk that an Iran deal is nearing, telling clients that the Strait of Hormuz will largely stay closed and oil will hit new highs. "We think the Strait of Hormuz remains largely closed for months…...
China exports growth in March misses estimates, imports surge most in over four years
1+ mon, 1+ week ago (672+ words) China's export growth declined to a six-month low in March as the Middle East conflict hit global demand outlook, while imports logged their strongest growth in more than four years. Exports rose at 2. 5% in U. S. dollar terms last month from a…...
Huawei unveils new smartphone chips this fall as rivalry with Nvidia and Apple heats up
2+ day, 1+ hour ago (495+ words) SHANGHAI " Chinese tech giant Huawei on Monday touted a new approach to developing advanced semiconductors despite U. S. sanctions, as Nvidia struggles to sell its high-end chips in China. Huawei said it developed a new engineering approach called "Logic Folding" to manufacture…...
Which company will the U. S. government take a stake in next? Here's what traders think
4+ day, 16+ hour ago (317+ words) Quantum stocks jumped this week on news that the U. S. government was taking equity stakes in nine companies, including IBM, as President Donald Trump's administration continues to acquire shares of private sector companies." So where might the government take its shopping…...
Despite murky legal landscape, companies are undeterred in their prediction market investments
4+ day, 16+ hour ago (371+ words) States and the federal government may be battling over who has the power to regulate prediction markets, but the companies building them are chugging along as the platforms continue to experience huge growth. The Commodity Futures Trading Commission and six…...
Surge in 'risk-free' treasury yields sends bond investors in search of better opportunities
4+ day, 16+ hour ago (309+ words) U. S. treasury bonds typically occupy a special place in an investor's portfolio " the asset class against which all other market risk is measured. But a surge in long-dated yields is forcing investors to rethink this assumption. The shift in bond market…...
Miner Perpetua Resources secures $2. 9 billion U. S. loan for Idaho gold, antimony project
5+ day, 11+ hour ago (250+ words) Mining company Perpetua Resources has secured a $2. 9 billion loan from the U. S. Export-Import Bank, CNBC has learned. The deal comes as the U. S. looks to secure access to critical minerals and break China's stronghold on essential supply chains. Perpetua shares rose more…...
Prediction markets are fueling a high-stakes brawl between states and federal regulators
5+ day, 12+ hour ago (843+ words) As prediction markets' volumes grow at a ruthless pace, their businesses are being challenged by states across the country. The federal government is fighting a multifront battle to stop them and assert their regulatory authority." Sixteen states are involved in…...