News
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Broadcom Shares Rocket over 3% to Hit Record High After Goldman Sachs Hikes PT to $435 from $380
Shares of Broadcom rise 3.26% to $397.57, hitting a new record high, after Goldman Sachs raised its price target on Broadcom to $435 from $380.The firm kept its Buy view and set a clear focus on the company’s coming results on December 11. The bank said investors will look for signs of steady growth
Tiger News
Thu, Nov 27
Pentagon seeks to add Alibaba, Baidu, BYD to China military list, Bloomberg News reports
Nov 26 (Reuters) - The Pentagon has concluded that Alibaba Group Holding 9988.HK, Baidu Inc 9888.HK and BYD Co 1211.HK should be added to a list of companies that aid the Chinese military, Bloomberg News reported on Wednesday.Deputy Defense Secretary Stephen Feinberg informed lawmakers of the concluReuters
Thu, Nov 27
Japanese Yen strengthens against weaker USD amid intervention fears; BoJ rate hike bets
The Japanese Yen (JPY) gains some positive traction during the Asian session on Thursday and stalls its modest pullback from a one-week top, touched against a broadly weaker US Dollar (USD) the previous day.
Fxstreet
Thu, Nov 27
Nvidia rebuts critics in memo to analysts amid pushback campaign
SAN FRANCISCO, Nov 26 (Reuters) - Nvidia NVDA.O, the world's most valuable company, has gone on the defensive against skeptics of its $4.5 trillion valuation, down from a historic $5 trillion, by waging an information campaign on Wall Street and social media.
Reuters
Thu, Nov 27
China's tech giants move AI model training overseas to tap Nvidia chips, FT reports
Nov 27 (Reuters) - Top Chinese firms are training their artificial intelligence models abroad to access Nvidia's NVDA.O chips and avoid U.S. measures aimed at curbing their progress in advanced technology, Financial Times reported on Thursday.Alibaba 9988.HK and ByteDance are among the tech grou...Reuters
Thu, Nov 27
JP Morgan shifts outlook on Fed rate cut to December
Nov 26 (Reuters) - J.P. Morgan said it now expects the U.S. Federal Reserve to deliver a quarter-point interest rate cut in December, changing its previous view that policy makers would hold rates steady until January next year."While the next FOMC meeting remains a close call, we now believe th...Reuters
Thu, Nov 27
South Korea signals end to rate cuts as FX, price risks grow
SEOUL, Nov 27 (Reuters) - South Korea's central bank kept interest rates unchanged for a fourth straight meeting on Thursday as a tumbling won reduced scope for further easing, signalling the bank could be nearing the end of its current rate cut cycle.Reuters
Thu, Nov 27
China ride-hailing giant Didi posts 8.6% revenue rise in third quarter
BEIJING, Nov 26 (Reuters) - China's Didi Global reported an 8.6% rise in third-quarter revenue as its international business accelerated and its domestic market remained stable.Revenue at China's largest ride-hailing platform reached 58.6 billion yuan ($8.28 billion)...Reuters
Wed, Nov 26
Britain's pound, bonds rally after OBR forecasts
LONDON, Nov 26 (Reuters) - Sterling jumped to session highs, while UK government bond prices rose sharply on Wednesday, after the independent Office for Budget Responsibility released its forecasts early, offering a more upbeat view of Britain's economy and finances.Sterling GBP= rose to a sessi...Reuters
Wed, Nov 26
Don’t expect Ukraine peace deal to alter Europe’s gas gameplan: Bousso
LONDON, Nov 26 (Reuters) - Europe’s gas market is far calmer today after years of turmoil that saw the region swap Russian supplies for liquefied natural gas (LNG) imports, a strategy that is unlikely to change even if U.S. President Donald Trump brokers a peace deal in Ukraine.The ...Reuters
Wed, Nov 26
Wall Street futures edge higher on December rate-cut expectations, data awaited
Nov 26 (Reuters) - U.S. stock index futures edged higher on Wednesday, as investors priced in a potential interest rate cut by the Federal Reserve in December and awaited economic data for greater clarity over the health of the world's largest economy.Reuters
Wed, Nov 26
Japan's Nikkei rises 2% after Wall Street's gains, tech leads charge
TOKYO, Nov 26 (Reuters) - Japan's Nikkei share average rose 2% on Wednesday, with tech stocks leading the charge in a broad-based rally after Wall Street closed higher overnight on increasing prospects of an interest rate cut in December.The Nikkei .N225 was up 2.1% at 49,672....Reuters
Wed, Nov 26
Meituan Jumps 6%. Alibaba Expects to Sharply Shrink Instant Commerce Business Investment Next Quarter
Meituan shares jumped 6% in Hong Kong. Alibaba's CFO Toby Xu noted at the earnings conference that 3Q25 marked the peak of investment in the company's instant commerce business, Chinese media reported. With substantial improvements in overall efficiency and stable scale, Xu expects the overall inves
Tiger News
Wed, Nov 26
Trump says no firm deadline for Ukraine, Russia to reach peace deal
ABOARD AIR FORCE ONE, Nov 25 (Reuters) - U.S. President Donald Trump on Tuesday backed away from a Thursday deadline for Ukraine to agree to a U.S.-backed peace plan and shrugged off a report that U.S. negotiator Steve Witkoff coached the Russians on how to approach him on the topic.Reuters
Wed, Nov 26
China, Hong Kong stocks gain on Wall Street rally, Alibaba's big AI ambition
SHANGHAI, Nov 26 (Reuters) - China and Hong Kong stocks rose on Wednesday, buoyed by overnight strength on Wall Street and Alibaba's 9988.HK plan to keep investing "aggressively" in artificial intelligence.Reuters
Wed, Nov 26
