Alibaba’s US-listed shares rose more than 6% on Wednesday after the Chinese technology giant confirmed that its Qwen artificial intelligence model will power Apple Intelligence features for users in China. This marks a major milestone in Apple’s long-delayed AI rollout in the country. Apple shares also gained about 1.8%, while Baidu’s US-listed stock climbed roughly
Morgan Stanley (MS) shares are inching higher on Wednesday morning after the bank posted Q2 earnings that came in miles above Street estimates. The multinational reported a 27% year-on-year increase in its net revenue to a record $21.4 billion on 58% growth in earnings per share (EPS) to $3.46 – also an all-time high. “Active
Hedera price has been caught between two major developments that tell very different stories about the network. On one hand, a $9 million exploit at Bonzo Lend raised fresh concerns about security within Hedera’s decentralised finance ecosystem. On the other hand, Lloyds Banking Group, Aberdeen Investments, and Archax completed a landmark tokenised collateral transaction on
Microsoft MSFT stock rose about 3% on Wednesday as Wall Street analysts reaffirmed their bullish outlook on the software giant despite trimming some price targets ahead of the company’s fiscal fourth-quarter earnings report later this month. Shares gained after Evercore ISI raised its price target on Microsoft to $525 from $510 while maintaining an Outperform
Bonk (BONK) is bullish on Wednesday, trading around $0.0000037 as improving macroeconomic conditions lifted sentiment across the cryptocurrency market. The meme coin benefited from a broader rally after the latest US Consumer Price Index (CPI) report showed inflation slowed more than expected, increasing optimism that the Federal Reserve could adopt a more accommodative monetary policy.
Silver prices edged lower on Wednesday as escalating geopolitical tensions in the Middle East dampened investor sentiment, offsetting support from a weaker US Dollar following softer-than-expected US inflation data. At the time of writing, Silver (XAG/USD) traded at $58.50, after facing rejection near the $59.00 level during Tuesday’s session. Although the US Dollar weakened after
TSMC is expected to deliver another record profit on Thursday, but investors may need more than strong headline numbers to push the stock higher. The chipmaker reports at 2 AM ET on July 16. Analysts expect second-quarter net profit to surge 59% to NT$632.6 billion, which would mark a fifth consecutive quarterly record. Revenue is
Groww parent Billionbrains Garage Ventures reported that its consolidated net profit nearly doubled in the first quarter, driven by strong growth in transacting users and higher trading activity across its investment platform. The results also lifted investor sentiment, with the company’s shares rising during trading. The company posted a consolidated net profit of 7.35 billion
PayPal’s stock surged in premarket trading after reports emerged that Stripe and Advent International had offered to acquire the company for over $53 billion. The offer, valued at $60.50 per share, represents roughly a 28% premium over PayPal’s most recent closing price. Shares have traded as low as $38.46 over the past year, a steep
The US Dollar (USD) remained under bearish pressure during the European session on Wednesday after weakening against its major counterparts in the previous session. It was trading around 100.80. Market participants turned their focus to upcoming economic data and central bank decisions. The US Bureau of Labour Statistics is set to release the June Producer