Hedge funds call time on tech rally, banks say
By Nell Mackenzie and Carolina Mandl LONDON/NEW YORK (Reuters) -Global hedge funds sold tech stocks at their highest pace in…
Month: February 2024
Dollar dips at the start of heavy week of data
By Caroline Valetkevitch NEW YORK (Reuters) -The dollar was mostly lower on Monday ahead of U.S. durable goods orders and…
Nvidia bets dominate US options market as AI fervor grows
By Saqib Iqbal Ahmed NEW YORK (Reuters) – Investors’ fervor for all things AI-related is leaving its mark on the…
Google aims to relaunch Gemini AI image tool in a few weeks
By Joan Faus BARCELONA (Reuters) -Google plans to relaunch in the next few weeks its AI tool that creates images…
EV maker Lotus Tech closes up modestly in Nasdaq debut after SPAC merger
By Echo Wang and Lance Tupper NEW YORK (Reuters) -Shares of Lotus Technology closed up 2% in their Nasdaq debut…
Stocks eke out gain as Nvidia rally slows, yields slip
By Herbert Lash NEW YORK (Reuters) -A gauge of global equity markets lost steam on Friday but still set a…
Nvidia briefly hits $2 trillion valuation as AI frenzy grips Wall Street
By Aditya Soni and Patturaja Murugaboopathy (Reuters) -Nvidia briefly hit $2 trillion in market value for the first time on…
Soaring US stocks could take cues from Fed as earnings wind down
By Lewis Krauskopf NEW YORK (Reuters) – Strong corporate results have helped fuel the S&P 500’s climb to new highs…
JPMorgan CEO Dimon sells about $150 million of his shares, SEC filing says
(Reuters) -JPMorgan Chase CEO Jamie Dimon has sold about $150 million of his shares in the bank, a SEC filing…
Carvana posts first-ever annual profit after it cuts debt, shares surge
By Bhanvi Satija (Reuters) -Carvana reported its first-ever annual profit on Thursday, helped by its pact with bondholders to cut…