U.S. assessing if China’s SMIC broke U.S. rules to make Huawei chip
The Biden administration needs to determine whether SMIC violated U.S. export rules to produce a chip to power Huawei’s Mate 60 Pro phone, said an official.
Japan’s Nikkei hits a new record as inflation accelerates; Hong Kong stocks fall nearly 2%
Japan’s headline inflation rate for February came in at 2.8%, climbing from the 2.2% seen in February. Core inflation was at 2.8% compared with 2% last month.
‘Substantially affected by AI’: RBC names 3 lesser-known stocks as big beneficiaries
One of the companies is setting up data center facilities dedicated to generative AI workloads, including one designed “exclusively for AI factories.”
Want to play red hot gold prices? Buy these 3 stocks, says top hedge fund manager
Top hedge fund manager David Neuhauser is bullish on gold prices to go even higher — and recommends these three stocks to play it.
Smaller climate startups face ‘valley of death’ as funding freezes up. This VC just raised $325 million to help
Venture capital firm World Fund said Friday it’s closed a 300 million euro ($325 million) venture fund to back startups tackling climate change.
Sam Altman’s Reddit stake worth over $600 million after first day pop on NYSE
OpenAI CEO Sam Altman was a big winner in Reddit’s New York Stock Exchange debut on Thursday.
Nike shares slide on lackluster outlook, slowing China sales
Nike is in the midst of a broad restructuring to cut costs by about $2 billion over the next three years as consumer demand remains uncertain.
Retail traders are bailing on 3 of the hottest AI plays in the stock market today
The everyday investor appeared to take profit on some of these rallying names.
The Fed kept rates steady, but banks are cutting CD yields. Find good deals here
The clock is running out for competitive yields on certificates of deposit.
Hermes lawsuit claims luxury retailer reserves its famed Birkin bags only for its biggest spenders
The proposed lawsuit alleges that Hermes is violating antitrust law by making customers buy other goods before they can buy a Birkin bag.
