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China ETFs draw bullish options bets on AI play and eased tariff fears
U.S.-listed exchange-traded funds focused on China have drawn bullish options flows as the emergence of artificial intelligence startup DeepSeek brightens the outlook for Chinese tech shares, and tariff-related news seemed less threatening than before. Traders have been loading up in recent weeks on bullish options on the KraneShares CSI China Internet ETF and the iShares Trust-China Large-Cap ETF, the two largest Chinese equity ETFs with combined assets of about $15 billion, options data showed. One-month average daily trading volume in KraneShares CSI China Internet ETF call options, typically bought to position for upside, outnumbers defensive put options nearly 5-to-1, close to the most bullish this measure has been in about four years, Trade Alert data showed.
Trimble’s Q4 transportation and logistics revenue tops $206M
Supply chain technology provider Trimble recorded a 6% year-over-year increase in transportation revenue during the fourth quarter to $206.8 million. The post Trimble’s Q4 transportation and logistics revenue tops $206M appeared first on FreightWaves.
Alibaba’s $110 Billion Rally on AI Optimism Faces Earnings Test
(Bloomberg) -- Alibaba Group Holding Ltd. faces a key test in its earnings presentation Thursday after a DeepSeek-sparked rally added more than $110 billion to its market value.Most Read from BloombergTrump to Halt NY Congestion Pricing by Terminating ApprovalAirbnb Billionaire Offers Pre-Fab Homes for LA Fire VictimsSorry, Kids: Disney’s New York Headquarters Is for Grown-UpsTrump Targets $128 Billion California High-Speed Rail ProjectChild Migrant Watchdog Gutted in DOGE CutsHong Kong-listed s
Walmart rolled through 2024, but uncertainty about consumers and tariffs seep into year ahead
Walmart delivered another year of strong sales and profits as its competitive prices became a strong magnet for inflation-weary shoppers. The financial outlook from nation's largest retailer, which has thrived amid stubborn inflation, delivered a jolt across the retail sector. Walmart sees per share profit over the next year coming in as much as 27 cents below analyst projections, a notable shift that sent company shares down more than 6% in midday trading.
SEC Replaces Crypto Enforcement Team with Smaller ‘Cyber’ Unit
(Bloomberg) -- The US Securities and Exchange Commission is replacing its enforcement unit devoted to misconduct in the cryptocurrency markets, the latest sign of the regulator’s more friendly approach to digital assets.Most Read from BloombergTrump to Halt NY Congestion Pricing by Terminating ApprovalAirbnb Billionaire Offers Pre-Fab Homes for LA Fire VictimsSorry, Kids: Disney’s New York Headquarters Is for Grown-UpsChild Migrant Watchdog Gutted in DOGE CutsTrump Targets $128 Billion Californi
Fed officials weighed slowing or pausing bond drawdown last month
(Reuters) -Uncertainty over how the U.S. Treasury will manage debt issuance over the next few months drove some Federal Reserve officials to contemplate at their last policy meeting slowing or pausing the ongoing drawdown of their balance sheet until greater clarity arrives. Fed officials, in minutes of the central bank’s January 28-29 Federal Open Market Committee meeting released on Wednesday, flagged the challenge of getting a clean read on market liquidity as the government wrangles over spending plans amid a legally mandated borrowing cap that will affect how the Treasury Department manages its cash. “Regarding the potential for significant swings in reserves over coming months related to debt ceiling dynamics, various participants noted that it may be appropriate to consider pausing or slowing balance sheet runoff until the resolution of this event,” the minutes noted.
Air NZ anticipates challenging 2025 due to engine maintenance, first-half profit drops
New Zealand's flagship carrier said its jets are estimated to remain out of service at times during the second half of 2025 due to global engine maintenance issues affecting its Airbus neo and Boeing 787 Dreamliner fleets, which are powered by Pratt & Whitney and Rolls-Royce engines.
This AI Stock Could Be the Best Investment of the Decade
Technology companies of all shapes and sizes have bet their futures on artificial intelligence. Among the top contenders is semiconductor company Nvidia (NASDAQ: NVDA). Once an obscure name among more well-known tech companies, Nvidia has bolted to the top of many investors' buy lists and jockeys for the most valuable company title with Apple.
Alibaba Q3 Earnings: Revenue And EPS Beat, Eyes Global E-Commerce Profitability In FY25, Increase Investments In AI
Alibaba Group Holding Limited (NYSE:BABA) stock is trading higher Thursday after the company’s fiscal third-quarter report. The Jack Ma co-founded e-commerce giant reported fiscal third-quarter 2024 revenue growth of 8% year-on-year to $38.38 billion, beating the analyst consensus estimate of $38.19 billion. Adjusted earnings per ADS of $2.93 beat the analyst consensus estimate of $2.66. Adjusted net income rose 7% Y/Y to $7 billion. Also Read: Muddy Waters’ Carson Block Warns Against Chinese St
Oil rises for third day on US fuel stocks draw, worries about Russia disruptions
Oil prices settled higher on Thursday, marking a three-day streak of gains, after data showed gasoline and distillate drawdowns in the U.S., while worries about supply disruptions in Russia also supported prices. U.S. crude oil stockpiles rose slightly more than expected while fuel inventories fell last week as seasonal maintenance at refineries led to lower processing, the Energy Information Administration said on Thursday. "The crude build was a bit larger than expected, but there was a modest draw in gasoline and larger draw in distillate, keeping total inventories flat," said Giovanni Staunovo, an analyst with UBS.
Ant Group’s Profit Rises With Jack Ma Back in the Public Eye
(Bloomberg) -- Ant Group Co.’s quarterly profit surged more than 50-fold after it benefited from an investment gain, a major boon for the Chinese fintech giant founded by Jack Ma.Most Read from BloombergTrump to Halt NY Congestion Pricing by Terminating ApprovalAirbnb Billionaire Offers Pre-Fab Homes for LA Fire VictimsSorry, Kids: Disney’s New York Headquarters Is for Grown-UpsTrump Targets $128 Billion California High-Speed Rail ProjectChild Migrant Watchdog Gutted in DOGE CutsThe Hangzhou-bas
Fed officials flag rising inflation risks, Trump policy uncertainty
Federal Reserve officials are taking note of what they see as rising inflation risks and the uncertain impact of President Donald Trump's trade, immigration and other policies. "Going forward, I consider it is appropriate to hold the federal funds rate in place for some time, given the balance of risks that we face right now," Federal Reserve Governor Adriana Kugler said on Thursday. Inflation still has "some way to go" before reaching the Fed's 2% target, she said, and while the labor market is healthy and the risk of it weakening has diminished, upside risks to inflation remain.
Startup Together AI Valued at $3.3 Billion as AI Demand Grows
(Bloomberg) -- Startup Together AI, which provides users access to artificial intelligence computing, has raised $305 million from investors in deal led by General Catalyst, bringing the valuation of the company to $3.3 billion — a signal that corporate demand for AI is still strong. Most Read from BloombergTrump to Halt NY Congestion Pricing by Terminating ApprovalAirbnb Billionaire Offers Pre-Fab Homes for LA Fire VictimsSorry, Kids: Disney’s New York Headquarters Is for Grown-UpsTrump Targets
Quantum computing stocks rise as Microsoft's new chip heats up debate over technology
Quantum computing stocks advanced on Thursday after Microsoft launched a new chip that indicated the technology is not "decades away" as stated by the top boss of AI chip bellwether Nvidia. Microsoft unveiled its Majorana 1 chip on Wednesday and said it is less prone to errors than rivals, while providing evidence in a scientific paper set to be published in academic journal Nature. Quantum computing holds the promise of carrying out calculations that would take today's systems millions of years.
Supermicro Stock Rises for Fifth-Straight Session After Business Update
Shares of Super Micro Computer (SMCI) notched their fifth straight session of gains Wednesday as momentum continued to build after the company’s business update last week. Supermicro shares gained 8% Wednesday, making the company one of the top performers in the S&P 500—just a day after the stock overtook Palantir Technologies (PLTR) as the best-performing S&P 500 component this year. During Supermicro’s business update last week, Chief Executive Officer Charles Liang said sales could reach $40 billion in 2026, driven by demand for artificial intelligence data-center servers.
Rivian posts $170 million 'gross profit' in Q4, sees losses decreasing as variable costs improve
Rivian reported strong fourth quarter results after the bell on Thursday and came through on its goal of posting a "gross profit" for the quarter, with a smaller than expected full-year 2024 EBITDA loss to boot.
H&E Ends United Rentals Agreement to Accept Herc Offer
(Bloomberg) -- H&E Equipment Services has ended its previous agreement with United Rentals Inc. to accept a higher offer from Herc Holdings Inc., a statement from Herc confirmed Tuesday. Most Read from BloombergWhy Barcelona Bought the Building That Symbolizes Its Housing CrisisPor qué Barcelona compró el edificio que simboliza su crisis inmobiliariaTrump Child Refugee Agency Shares Data With Immigration EnforcersA Filmmaker’s Surreal Journey Into His Own Private WinnipegHerc’s proposal for a ca
Why Meta Platforms Stock Is Slipping Today
Meta Platforms (NASDAQ: META) stock is losing ground Wednesday. Meta's valuation is moving lower following news that its WhatsApp messaging platform will fall under new regulations in the European Union. In a filing submitted on Feb. 14, Meta Platforms revealed that it had roughly 46.8 million average monthly active users on its WhatsApp platform across the six-month period that concluded on Dec. 31.
BOJ’s Hawkish Stance Seen Boosting Demand for US Corporate Bonds
(Bloomberg) -- Interest rate hikes from the Bank of Japan should help cut currency protection costs for Japanese investors, spurring their appetite for US investment-grade corporate bonds, according to Bank of America Corp.Most Read from BloombergTrump to Halt NY Congestion Pricing by Terminating ApprovalSorry, Kids: Disney’s New York Headquarters Is for Grown-UpsChild Migrant Watchdog Gutted in DOGE CutsAirbnb Billionaire Plans Factory-Built Homes for LA Fire VictimsChicago Council Delays $830
Banco Santander announces over $2 billion investment in Mexico in three years
Spanish bank Santander will do various investments amounting to over $2 billion in Mexico during the next three years, the company's Executive Chair Ana Botin said on Tuesday. Botin made the announcement during an event in Mexico's capital where the company presented it's 100% digital bank, Openbank, that is already operating in Mexico. Earlier on Tuesday, Mexican president Claudia Sheinbaum announced the amount of the investment without giving further details, after meeting with Botin on Monday.
S&P 500 Rises to Eke Out a Record Close
The S&P 500 squeaked out a record closing high, after all. The market benchmark closed up 0.3%, topping its closing high from Jan. 23. The Dow Jones Industrial Average rose 10 points, or less than 0.1%. The Nasdaq Composite rose 0.1%. The major indexes also pared earlier losses in the final minute
Vanguard ETF poised to overtake State Street's fund as world's biggest
Vanguard Group's Standard & Poor's 500 ETF is on the edge of finally seizing the title of the world's largest exchange-traded fund from rival State Street Global Advisors' product, the SPDR S&P 500 Trust, according to data from FactSet, LSEG and other sources. As of late Friday, the State Street fund was still clinging to the lead, with $633.1 billion in assets compared with $631.8 billion for the Vanguard ETF. Final data for inflows into both ETFs will not be available until later on Tuesday or Wednesday morning, FactSet and others said.
Europe, Asia Face $130 Billion Listing Exodus as US Allure Grows
(Bloomberg) -- European and Asian firms may soon flood the US market with new listings, as the allure of loftier valuations and deeper liquidity fuels an exodus from their home markets.Most Read from BloombergTrump to Halt NY Congestion Pricing by Terminating ApprovalSorry, Kids: Disney’s New York Headquarters Is for Grown-UpsChild Migrant Watchdog Gutted in DOGE CutsFrom Swedish buy-now, pay-later giant Klarna Group Plc to equipment rental firm Ashtead Group Plc to Chinese bubble-tea maker Sexy