Nio stock price jumped by over 4.4% in Hong Kong today, May 14, mirroring its performance in Wall Street a day earlier. It jumped to H$50.45, its highest level in two weeks, and is up by over 45% from its lowest point this year. This growth makes it one of the best-performing Chinese electric vehicle… Continue reading Nio stock is pumping in Hong Kong today: here’s why and what next
stocktrader
Why are Chinese stocks falling as Trump meets Xi in Beijing?
Chinese stocks are easing even as US President Donald Trump and Chinese President Xi Jinping sit down in Beijing because much of the optimism was already built into prices before the meeting began. Mainland Chinese stocks extended losses on Thursday, with the Shanghai Composite down 1.04% and the Shenzhen Component falling 1.60%. Shanghai benchmark was… Continue reading Why are Chinese stocks falling as Trump meets Xi in Beijing?
These stocks are in focus amid the high-stakes Trump-Xi meeting
Financial markets are fixated on President Donald Trump’s high-stakes summit with President Xi in Beijing, a pivotal meeting poised to reshape international supply chains and trade policy. With bilateral discussions expected to center heavily on tariffs, artificial intelligence (AI), Taiwan, and rare earth materials, the negotiations carry immense weight for multinational corporations. As multi-billion dollar… Continue reading These stocks are in focus amid the high-stakes Trump-Xi meeting
Brent crude oil price on edge as inventories dip ahead of US driving season
Brent crude oil price was in a tight range today, May 14, as investors focused on the upcoming meeting between Donald Trump and Xi Jinping in Beijing. It was trading at $105.75, where it has remained in the past few days. Oil prices will also be in the spotlight as global inventories plunge at the… Continue reading Brent crude oil price on edge as inventories dip ahead of US driving season
Hang Seng and Shanghai Composite in focus ahead of Xi-Trump summit
The Hang Seng and Shanghai Composite were in a narrow range on Thursday as investors waited for the Donald Trump and Xi Jinping summit in Beijing. They were trading at H$26,388 and CNY 4,242, respectively. Chinese stocks wavers ahead of Trump-Xi summit The Shanghai Composite and the Hang Seng indices moved sideways as investors waited… Continue reading Hang Seng and Shanghai Composite in focus ahead of Xi-Trump summit
Cisco stock pops as Q3 earnings defy memory headwinds
Cisco Systems (CSCO) shares are extending gains in after-hours trading after the company posted a “beat and raise” signaling a robust recovery in enterprise networking and a massive acceleration in the AI infrastructure build-out. For its fiscal Q3, the Nasdaq-listed firm reported record revenue of $15.8 billion, a 12% year-over-year increase that comfortably cleared the… Continue reading Cisco stock pops as Q3 earnings defy memory headwinds
Dow Jones slips while S&P 500 hits record high on AI chip rally
The S&P 500 and Nasdaq Composite closed at fresh record highs on Wednesday as investors continued piling into artificial intelligence-related technology shares, brushing aside another hotter-than-expected inflation report and growing expectations that the Federal Reserve may keep interest rates elevated for longer. The broad-based S&P 500 rose 0.58% to close at 7,444.25, while the Nasdaq… Continue reading Dow Jones slips while S&P 500 hits record high on AI chip rally
Fervo Energy soars 30% in Nasdaq debut as AI power demand ignites IPO
Houston-based geothermal startup Fervo Energy surged in its Nasdaq debut on Wednesday, underscoring investor enthusiasm for companies positioned to benefit from the artificial intelligence-driven electricity boom. Shares of Fervo, which trades under the ticker FRVO, jumped more than 30% shortly after trading began, pushing the company’s valuation above $10 billion. The strong debut followed an… Continue reading Fervo Energy soars 30% in Nasdaq debut as AI power demand ignites IPO
Walmart earnings preview: analyst says WMT’s premium multiple is justified
Bentonville-headquartered Walmart Inc (WMT) is in focus as the retail titan prepares to release its first-quarter (Q1) earnings on May 14th – before the opening bell. Consensus is for WMT to earn $0.65 a share (adjusted) on about $172.5 billion in revenue, which represents a meaningful top- and bottom-line growth from $0.61 per share and… Continue reading Walmart earnings preview: analyst says WMT’s premium multiple is justified