(Bloomberg) — Global stocks rose as the threat of a US government shutdown receded, removing at least one element of uncertainty confronting investors. Gold hit a record above $3,000 an ounce amid haven demand. Most Read from Bloomberg S&P 500 contracts rose 0.9% as a stopgap funding bill looked set to pass in Congress after…
(Bloomberg) — US stock futures erased earlier sharp losses as investors waited to see if wholesale inflation data due later would confirm signs that price growth is slowing. Most Read from Bloomberg S&P 500 and Nasdaq 100 contracts fell less than 0.1%, after gains on Wednesday spurred by a softer-than-expected inflation print. While weak earnings…
(Bloomberg) — Cryptocurrencies slid as fears over a selloff in US equities eclipsed President Donald Trump’s recent efforts to buttress the industry. Most Read from Bloomberg Bitcoin fell more than 3% on Tuesday morning in Asia while second-ranked token Ether dropped as much as 6% to $1,756, an intra-day low not seen since October 2023,…
(Bloomberg) — Asian stocks followed US equities lower as investors retreated from risk assets amid uncertainty over President Donald Trump’s tariffs. Bitcoin fell as details of a US strategic reserve underwhelmed. Most Read from Bloomberg Shares in Australia, Japan and South Korea all fell with benchmarks sliding more than 1%. An index of US-listed Chinese…
(Bloomberg) — Didi Global Inc. is seeking fresh capital for its autonomous driving unit that could value it at about $5 billion, people familiar with the situation said, as Chinese technology firms ride a wave of investor enthusiasm. Most Read from Bloomberg Didi Autonomous Driving plans to raise several hundred million dollars and is in…
(Bloomberg) — Sunnova Energy International Inc. shares plunged 71% as the company warned there’s substantial doubt it will remain in business. That came less than a week after First Solar Inc., the biggest US solar manufacturer, said it was seeing increasing customer delays. And it was also on the heels of Sunrun Inc., the biggest…
(Bloomberg) — The euro gained in early trading with Eastern European currencies as the region’s leaders scrambled to offer Ukraine their support amid concerns of a US pullback. Most Read from Bloomberg The common currency rose 0.4% against the dollar, outperforming major peers. The Polish zloty and Romanian leu also climbed. European equity futures pointed…
(Bloomberg) — Nvidia Corp., the chipmaker at the center of an AI spending boom, delivered good-but-not-great quarterly numbers, disappointing investors accustomed to blowout results. Most Read from Bloomberg Sales will be about $43 billion in the fiscal first quarter, which runs through April, Nvidia said on Wednesday. Analysts had estimated $42.3 billion on average, with…
(Bloomberg) — Super Micro Computer Inc. gained more than 20% in extended trading after it submitted outstanding financial reports to become compliant with Nasdaq Inc. rules, easing concerns risks that the server maker would be delisted. Most Read from Bloomberg The company reported its 2024 fiscal year results Tuesday in a filing with the Securities…
(Bloomberg) — Stocks got hit and bonds surged as another disappointing reading on the US consumer fueled concern about the health of the world’s largest economy. Most Read from Bloomberg Another big drop in the Nasdaq 100 pushed its four-day loss to around 5%, the most since early September, while a gauge of megacaps slipped…