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U.S. stocks fell on Tuesday, ending a rough February in the red. Meanwhile, the 10-year Treasury yield closed at 3.928%. In Asia-Pacific, Hong Kong’s Hang Seng index surged 3.37% as China’s factory activity for February expanded the most since April 2012.
Goldman Sachs will pivot from its consumer push to focus on asset and wealth management, CEO David Solomon said. He added that the bank was weighing “strategic alternatives” for its consumer platforms — suggesting a possible sale or restructuring. Goldman shares dropped 3.8%.
India is boosting capital expenditure by 33% to 10 trillion rupees ($120.96 billion), a move the government says will create jobs. However, economists think “capex is not the answer” and the government’s policies are “completely against employment generation.”
Sapeon, a South Korea artificial intelligence chip startup based in California, has entered a funding round that values it above $400 million. The startup is backed by South Korean firms and aims to challenge Nvidia, the current market leader.
The 10-year Treasury yield is hovering close to 4%, a level that strategists say could give investors a fright. “When [yields] rally, the equity market doesn’t like that,” said Katie Stockton, founder of Fairlead Strategies. $SPDR 标普500指数ETF (SPY.US)$ $纳指100ETF-Invesco QQQ Trust (QQQ.US)$ $标普500指数 (.SPX.US)$ $纳斯达克综合指数 (.IXIC.US)$ $道琼斯指数 (.DJI.US)$
Goldman Sachs will pivot from its consumer push to focus on asset and wealth management, CEO David Solomon said. He added that the bank was weighing “strategic alternatives” for its consumer platforms — suggesting a possible sale or restructuring. Goldman shares dropped 3.8%.
India is boosting capital expenditure by 33% to 10 trillion rupees ($120.96 billion), a move the government says will create jobs. However, economists think “capex is not the answer” and the government’s policies are “completely against employment generation.”
Sapeon, a South Korea artificial intelligence chip startup based in California, has entered a funding round that values it above $400 million. The startup is backed by South Korean firms and aims to challenge Nvidia, the current market leader.
The 10-year Treasury yield is hovering close to 4%, a level that strategists say could give investors a fright. “When [yields] rally, the equity market doesn’t like that,” said Katie Stockton, founder of Fairlead Strategies. $SPDR 标普500指数ETF (SPY.US)$ $纳指100ETF-Invesco QQQ Trust (QQQ.US)$ $标普500指数 (.SPX.US)$ $纳斯达克综合指数 (.IXIC.US)$ $道琼斯指数 (.DJI.US)$
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