To The Moon

Facebook and Instagram still rely heavily on Chinese advertisers.

Singaporean port operator PSA International is considering divesting its 20% ownership in CK Hutchison's ports business, which includes two ports along the Panama Canal, Reuters reported Wednesday.The potential disposal follows CK Hutchison's announcement that it intends to sell 80% of its stake in the business, worth around $14.2 billion, to a consortium led by BlackRock.US President Donald Trump has termed the deal a "reclaiming" of the canal. On the other hand, Chinese media considered it a betrayal of its interests, and Beijing launched an antitrust review.PSA's decision regarding the divestment is contingent upon whether CK Hutchison ultimately proceeds with the sale of its majority share, according to the report.CK Hutchison and the BlackRock consortium have agreed to enter exclusive negotiations for 145 days, the report said.

'It feels like you made a gold reserve, but then you added three of your favorite companies into the reserve,' one industry participant saidA backlash over President Donald Trump's plan to include thr

A word of warning for traders who’ve been pouring billions into Chinese-stock ETFs like never before: The strategy is not only prone to big reversals, it has also lost a cohort of ill-timed investors

Nvidia's and Palantir's stocks have more than doubled this year, but Wall Street is bullish on one and bearish on the other.

Nvidia stock was falling early on Wednesday. The chip maker still looks vulnerable to profit-taking and some concerns about restrictions on its exports.Nvidia shares were down 1.1% at $121.32 in premarket trading. The stock closed down 1.3% on Tuesday.Nvidia shares have risen 148% this year to date through to Tuesday's close. That compares with a 16% rise in the S&P 500 index and a 20% rise in the Nasdaq Composite Index over the same period. However, the stock has dropped from a recent intraday peak of more than $140."We view the current pushback on Nvidia to be centered around true end-market demand for AI GPUs [graphics-processing units], especially with further restrictions on shipments into China...as well as a slowing of the issuance of licenses to AI chip makers shipping to the Middle East," wrote Mizuho Securities analyst Vijay Rakesh in a research note.However, Rakesh said Nvidia continues to be a top pick for July, keeping an Outperform rating and $127.50 price target on the s

Alibaba and other Chinese stocks have had a brutal start to 2024 amid lingering concerns over China’s economy. Dreamstime Alibaba and other Chinese names surged on T