Dow's 100-Point Drop Led By Losses For Shares Of Amazon.Com Inc., JPMorgan Chase

This article was automatically generated by MarketWatch using technology from Automated Insights. The Dow Jones Industrial Average is falling Thursday morning with shares of Amazon.com Inc. and

MarketWatchJul 18 11:20 ET

Bitcoin is losing its popularity, and many mining companies are turning to AI.

Houston-based technology company Lancium and Denver-based energy company Crusoe Energy Systems announced a multi-billion dollar agreement on Thursday to jointly build a 200-megawatt datacenter aimed at meeting the unique needs of AI companies. For example, it will provide advanced cloud computing services for applications such as medical research and aircraft design. Moreover, this is just the first phase of the two companies' 1.2-gigawatt project. According to Lancium President Ali Fenn, this will be one of the world's largest AI datacenter campuses when operating at full capacity. Meanwhile, this is also the gradual abandonment of bitcoin by miners.

新浪科技Jul 18 09:43 ET

Notification of Major Holding in Kindred Group Plc

VALLETTA, Malta, July 18, 2024 /PRNewswire/ -- Kindred Group plc (Kindred) hereby announces that it, on 17 July 2024, has received a notification of major holding from JPMorgan Chase & Co, a company

PR NewswireJul 18 08:43 ET

Goldman Sachs: Feels positive about the future prospects of Bilibili-W's stock price, maintains a "shareholding" rating with a target price of 165 Hong Kong dollars.

JPMorgan published a research report stating that it has a positive outlook on Bilibili-W (09626) stock price, and believes that future share price catalysts include the start of the S2 season of the game 'Three Kingdoms: Strategy of the Nation' in early August, as well as disclosing more operational profit and loss balance targets when announcing Q2 results. It is believed that with the support of strong game performance, there is room for the market's forecast for Q3 performance to increase. The report maintains a 'shareholding' rating and sets a target price of HKD 165 for the Hong Kong stock. Morgan Stanley pointed out that the bank upgraded its Bilibili rating to 'shareholding' in mid-June, although some investors agreed that the group's earnings for the next 1-2 years are facing an upward trend.

新浪港股Jul 18 07:05 ET

Morgan Stanley: Maintains the "shareholding" rating for HSBC Holdings with a target price of HKD 83.

JPMorgan released a research report stating that it maintains a 'shareholding' rating on HSBC (00005) with a target price of HKD 83. Even if the Federal Reserve lowers interest rates to 3%, the return on tangible equity (ROTE) of HSBC is expected to remain at 13%-15%. The total shareholder return of the company is expected to be 9.5% in 2025 or 9% at the end of the rate-cutting cycle. The bank stated that the news of the appointment of Elevation Partners as the new CEO is not surprising, as media reports had previously reported it. Overall, the bank believes that this is a positive development that resolves the uncertainty of the market about the CEO position, and this personnel appointment is a confidential matter.

新浪港股Jul 18 07:04 ET

American Express Earnings Preview: Low Double-Digit Profit Growth Will Be Welcomed as the Market Shifts Toward the Finance Sector

American Express, one of Berkshire Hathaway's largest holdings, will release its Q2 financial report before the bell on Friday. The upcoming earnings are expected to be bolstered by robust gains in loans and card fees, stringent cost management, and solid credit outcomes.

Investing with moomooJul 18 07:03 ET · Earnings Preview