Tencent’s online ad revenue grows for the first time in more than a year
Chinese tech giant Tencent reported Wednesday better-than-expected quarterly revenue, helped by growth in ads within its growing “video accounts” business.
Is Nvidia’s valuation justified? One bullish fund manager gives two reasons to own the stock
A 100% jump in Nvidia shares in the last six months has led some to question its extraordinary valuation, but one fund manager continues to back the stock.
Relativity’s first 3D-printed rocket launches successfully but fails to reach orbit
Relativity Space, a 3D-printing specialist, launched the inaugural flight of its Terran 1 rocket late on Wednesday night.
China’s military claims U.S. warship illegally entered waters in South China Sea
The U.S. Navy disputed the Chinese military statement, saying the destroyer is conducting “routine operations” in the South China Sea and was not expelled.
China Evergrande’s electric vehicle unit warns it may halt production amid funds shortage
The EV manufacturing unit of developer China Evergrande Group said it was aiming to cut costs by reducing staff numbers and improving management efficiency.
Bitcoin at $100,000? Insiders say the cryptocurrency could test new highs this year
The predictions of new record highs mark a more optimistic outlook than in January when industry executives told CNBC they expected 2023 to be a year of caution.
Wells Fargo lists financial instability as biggest economic risk post-Fed decision
“The Fed is not really giving enough credence to the idea that tighter credit means things weaken in a fairly quick manner,” Wells Fargo’s Mike Schumacher says.
Hong Kong stocks rise 2%, lead gains in Asia’s mixed session after Fed hints at pause in hikes
Asian markets are mixed after the U.S. Federal Reserve hikes rates by another 25 points.
This e-commerce stock has a whopping 300% upside, according to Morgan Stanley
E-commerce growth is back, and Morgan Stanley has several stock picks for investors to cash in, including a less obvious name.
Morgan Stanley just upgraded a global energy stock it says has ‘significant’ potential for growth
Morgan Stanley likes the major European energy firm’s “clear and ambitious strategy” and says it has one of the strongest balance sheets in the industry.
