Hong Kong-listed stocks are about to be priced in yuan, giving China’s currency another boost

Hong Kong-listed stocks will be priced in yuan on Monday, giving China’s currency another boost. Two dozen stocks, including Alibaba and Tencent, will be traded in the yuan and the Hong Kong dollar. It comes as Beijing tries to internationalize the yuan and challenge the US dollar in global finance. Loading Something is loading. Thanks… Continue reading Hong Kong-listed stocks are about to be priced in yuan, giving China’s currency another boost

Is the AI stock boom a dot-com-style bubble? David Rosenberg, Jeremy Siegel, and 5 other experts weigh in.

Experts including David Rosenberg and analysts from Wall Street banks including Bank of America have compared the AI stock boom to the dot-com bubble that burst in 2000.  At the same time, Wharton’s Jeremy Siegel and Wedbush Securities’ Dan Ives don’t think that will be the case.  Here’s a selection of the most recent expert… Continue reading Is the AI stock boom a dot-com-style bubble? David Rosenberg, Jeremy Siegel, and 5 other experts weigh in.

There’s one big reason why housing inventory is so tight right now

Welcome to Saturday. I’m Phil Rosen. A lot of moving parts today — we’ve got stories on Tesla, Microsoft, housing and more.  Let’s get started.  If this was forwarded to you, sign up here. Download Insider’s app here. virsuziglis/Getty Images 1. Pretty much everyone with a mortgage is paying a lower rate than what’s being… Continue reading There’s one big reason why housing inventory is so tight right now

A trader says he got insider info from an ex-Goldman Sachs exec while playing drunk squash

A trader says he got tipsy and received some insider info from a buddy while playing squash.  The details were revealed at a court hearing this week in an insider trading case against a former Goldman Sachs trader.  A former Barclays trader testified against Brijesh Goel, who revealed info on a company that was about… Continue reading A trader says he got insider info from an ex-Goldman Sachs exec while playing drunk squash

Nvidia is the top AI pick and the stock could jump 15% as demand has picked up since the chip maker’s blockbuster earnings report, Morgan Stanley says

Morgan Stanley raised its price target on Nvidia to $500 and called the stock its “top pick.” Analysts said demand has picked up since the chip maker’s blockbuster earnings report last month. Nvidia is getting orders from customers who weren’t thought of as major buyers until now. Loading Something is loading. Thanks for signing up!… Continue reading Nvidia is the top AI pick and the stock could jump 15% as demand has picked up since the chip maker’s blockbuster earnings report, Morgan Stanley says