HSBC sees limited stock market gains after record-setting rally, tells investors to wait for a better entry point
The firm maintained its year-end target for the S&P 500 of 5,000 points, which implies limited upside from current trading levels.
Tesla shares drop 6% on weak auto revenue, warning of slower growth in 2024
Tesla reported earnings after the bell. Here are the results.
Microsoft briefly crosses $3 trillion in market cap
Microsoft’s market cap surpassed $3 trillion in intraday trading Wednesday
British billionaire Joe Lewis pleads guilty to U.S. insider trading charges
Joe Lewis, whose family trust controls a majority of the Tottenham Hotspur soccer team, was charged with passing inside information on his portfolio companies.
Saudi Arabia opens its first-ever alcohol store — but it’s only accessible to a select group
Photography is strictly prohibited in the store, and mobile phones must be kept in secure pouches to prevent their use while in the venue.
European markets close higher as tech stocks jump nearly 5%; euro zone PMI data shows improved economic activity
European markets closed higher Wednesday as preliminary purchasing managers’ index data showed improved activity in the euro zone in January.
North Korea crypto hacking activity soars to record high in 2023, new report shows
North Korea-linked hackers attacked a record number of crypto platforms in 2023, according to Chainalysis in its latest report on Wednesday.
Argentina’s shock peso devaluation weighs on sportswear brand Puma
The company said it would have seen a significantly better performance without Argentine President Javier Milei’s currency devaluation.
A nationwide strike in Argentina poses major test to Milei’s economic ‘shock therapy’
The strike comes just 45 days after the right-wing leader took office, making it the fastest action of its kind into the term of a new Argentina government.
India’s Zee Entertainment urges Sony to restore blockbuster merger, sues over termination
Sony earlier this week called of the transaction with Zee Entertainment, which is reported to be worth $10 billion.
