$Alibaba (BABA.US)$has seen its shares surge for five consecutive weeks, with a cumulative gain of 48% since mid-January. On Wednesday, the stock briefly touched $119, surpassing the rapid rally witnessed in September 2024, driven by shifts in macroeconomic policy. By midday Thursday in Asia, Alibaba confirmed a partnership with Apple Inc. to develop AI features for iPhones in China, sending its stock up m...
Following the introduction of China's groundbreaking DeepSeek technology, Wall Street giants Goldman Sachs and Deutsche Bank have revised their investment outlooks for the Chinese market. Goldman Sachs released a report on Tuesday forecasting a 14% potential increase in the MSCI China Index for the year. Shortly thereafter, Deutsche Bank also expressed optimism, advising investors to actively engage with the Chinese market. T...
Hey mooers! In 2025, China's AI model DeepSeek, developed by a young team, has dramatically impacted the global tech landscape with its cost-effective and high-performance features.It's causing investors to reevaluate Chinese tech firms in the AI sector. According to Goldman Sachs, DeepSeek's launch marks a shift from hardware to software in AI, challenging U.S. dominance and enhancing prospects for Chinese tech stock...
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US - Canada are in a trade fight, slapping tariffs on each other to protect their economies, which could shake up trade and policies for sure. Still, diversifying with ETFs remains my top strategy
On the evening of January 17, Chinese President Xi Jinping spoke with President-elect Donald Trump. President Xi congratulated Trump on his election victory, underscoring the significance of mutual engagement and expressing hopes for a positive beginning in US-China relations during the new presidential term. Both leaders expressed a commitment to advancing US-China relations from this promis...
On December 31, 2024, US stock markets closed lower on the final trading day of the year. The Nasdaq Composite dropped 1.19%, the S&P 500 fell 1.07%, and the Dow Jones Industrial Average decreased by 0.97%. The broad market weakness was largely driven by declines in major tech stocks, with Nvidia (NVDA) among the notable decliners. Nvidia Pulls Back After a strong performance in recent months, Nvidia saw a small pullback t...
As 2024 draws to a close, the year has been marked by a succession of pivotal global events. Financial markets saw significant volatility, with various asset classes posting notable performances. The U.S. stock market, in its second bullish year, repeatedly shattered records. Nvidia claimed the crown, tech giants reigned supreme, and AI continued to fuel the market's ascent. Globally, interest rates took a downturn amidst ongoing g...
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