Market

Japanese tech investor SoftBank Group reported a $2.4 billion quarterly loss due to Vision Fund investment arm valuation declines, raising questions about its planned $25-40 billion investment in OpenAI, the creator of ChatGPT.

Published on: February 12, 2025, 07:00 AM UTC

China's chipmaking equipment purchases expected to decline in 2023 due to overcapacity and US sanctions, industry report says.

Published on: February 12, 2025, 07:00 AM UTC

Wall Street bigwig Ken Griffin is not happy with Trump's trade policies. Griffin says the 'bombastic rhetoric' and 'uncertainty' created by the tariffs are an 'impediment to growth.'

Published on: February 12, 2025, 06:02 AM UTC

Stocks ended Tuesday with mixed results as investors digested President Donald Trump's tariff policy changes and anticipated inflation data. The Dow Jones Industrial Average edged up 0.3%, while the S&P 500 closed flat, and the Nasdaq Composite pulled back about 0.4%. The market is awaiting Federal Reserve Chair Jerome Powell's testimony before Congress, with investors looking for clues about interest rates and the inflation outlook. The upcoming release of January's Consumer Price Index and its wholesale counterpart on Thursday will also be closely monitored.

Published on: February 12, 2025, 06:02 AM UTC

January's Consumer Price Index (CPI) report is expected to show headline inflation at 2.9%, matching December's annual gain and a slight deceleration in monthly increases. Core inflation, excluding food and gas, is seen at 3.1%, the lowest since April 2021, but core services are forecast to tick higher. The report will be closely watched for any impact from Donald Trump's presidency and his protectionist trade policies on inflation expectations.

Published on: February 12, 2025, 06:01 AM UTC

Super Micro Computer (SMCI) stock seesawed on delayed SEC filings, missing earnings estimates, and legal controversies, including a DOJ probe and delisting risk.

Published on: February 12, 2025, 06:01 AM UTC

US stock futures hold steady ahead of inflation report; investors await earnings from Reddit and Robinhood amid tariff news and AI-driven stock surge in China.

Published on: February 12, 2025, 06:01 AM UTC

Reserve Bank of India intervenes in foreign exchange market to curb rupee speculation, surprising traders who expected a more hands-off approach from new governor.

Published on: February 12, 2025, 06:01 AM UTC

January's CPI report is expected to show a 2.9% headline inflation rate, matching December's annual gain, and a 3.1% increase in core inflation, the lowest since April 2021. The impact of Trump's presidency, global tariffs, and rising inflation expectations on the Federal Reserve's interest rate path is discussed.

Published on: February 12, 2025, 04:01 AM UTC

Super Micro Computer (SMCI) stock fluctuates after reporting delayed SEC filings and preliminary earnings that missed estimates. The company faces DOJ investigation and Nasdaq delisting risk, but has hired a new accountant and an independent review found no misconduct.

Published on: February 12, 2025, 04:01 AM UTC