Japanese shares led U.S. and European futures higher on Monday as AI hype juiced up the tech sector ahead of a week brimming with central bank meetings, major economic data and corporate earnings.
Signs of slowing inflation and a dovish pivot from the Federal Reserve in late 2023 helped to accelerate stocks' advance, sending the S&P 500 to a 24% annual gain. In recent days, a rally in chip stocks fueled by optimism over the business potential of artificial intelligence has lifted the index further.
Germany's chemicals sector, Europe's largest, is starting to feel the pinch from delayed shipments via the Red Sea, becoming the latest industry to warn of supply disruptions that have forced some companies to curb production.
Asian shares tracked Tokyo higher on Monday as AI hype helped the tech sector ahead of a week brimming with central bank meetings, major economic data and corporate earnings.
Asian shares followed Tokyo higher on Monday as AI hype helped the tech sector ahead of a week brimming with central bank meetings, major economic data and corporate earnings.
Australia's Liontown Resources said on Monday it had started a review of the planned ramp-up and expansion of its flagship Kathleen Valley lithium project, following the recent decline in spodumene prices, that sent shares tumbling.
Wyloo Metals, a private investment company owned by iron ore billionaire Andrew Forrest, will put its Australian Kambalda nickel operations on care and maintenance at the end of May as a result of low nickel prices, it said on Monday.
Panasonic's battery business must focus on boosting productivity, Group CEO Yuki Kusumi told Reuters, signalling the Tesla supplier may hold off building a third battery plant in North America as demand for electric vehicles cools.
It has been a hectic week for Tesla. In this week's video, I cover need-to-know news items related to Tesla (NASDAQ: TSLA) during the week of Jan. 15. Today's video will focus on Tesla's sales numbers in China, the United States, and Europe, more price cuts, some questions for th
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