Haivivi Bubblepal, an AI toy. Courtesy: Haivivi It seems everyone is talking about AI these days — even Ultraman. When asked if investors should be worried about an AI bubble, the new second generation CocoMate AI-powered plush toy by Chinese company Haivivi warned about the dangers of speculation in AI Continue Reading
Hassett’s Fed chair candidacy received pushback from high-level people close to Trump, sources say
Kevin Hassett’s candidacy for the Federal Reserve chair, once seen by the market as almost a sure thing, has received some pushback by high-level people who have the ear of President Donald Trump, according to sources familiar with the matter. There’s concern that the National Economic Council director is too Continue Reading
FDA approved Singapore work trip during government shutdown, records show
SINGAPORE — Sentosa Island boasts the luxury, five-star Ora and Michael hotels, with palm-tree-lined pools, lobbies flanked with luxury stores, and a casino that adjoins both hotels and buzzes with gamblers. The Singapore resort is also where a group of federal employees from the U.S. Food and Drug Administration were Continue Reading
Stocks making the biggest moves premarket: IRBT, LVS, TLRY
Check out the companies making headlines before the bell. Tilray — The cannabis stock jumped about 3%, building on last week’s rally sparked by news that President Donald Trump would instruct federal agencies to give the drug a less-stringent Schedule III classification from its current Schedule I designation. Las Vegas Continue Reading
China’s property sector ailing, but BofA sees some silver linings
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Helen Qiao, Chief Greater China Economist at BofA Global Research, discusses the challenges in China’s property sector. She says though it has been a drag on the mainland economy, she sees some signs of strength such as Continue Reading
Analyst warns China’s Vanke on brink of default as bailout hopes fade
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Andrew Collier, senior fellow at the Harvard Kennedy School, says that bondholders of China Vanke have decided to “take the hit now” rather than allow the company to “extend and pretend”, and that Chinese local governments are Continue Reading
Broadcom and Costco’s rich valuations leave little room for error as battleground stocks
Sometimes the stakes are so high, the degree of difficulty so immense, that it simply may be too hard to game. When that’s the case, no amount of formal research will help you fathom the stock implications. Yet, you have inherited the issues and they must be dealt with — Continue Reading
Inside Trump’s plans to make U.S. shipbuilding industry great again
President Donald Trump has vowed to lead a revival in U.S. shipbuilding, but the success of this manufacturing renaissance in a key sector for national security will rely on the expertise from overseas. The administration’s goal of a shipbuilding boom is a part of Trump’s “Make America Great” policy agenda. Continue Reading
U.S.-China soybeans reveals food security goals. Goldman Sachs plays
China’s slow ramp up of U.S. soybean imports this year underscores how Beijing has gradually increased its domestic production, thanks to policy support. “The course of improvement in food self-sufficiency mirrors the efforts in China’s energy and chips security,” Goldman Sachs analysts said in a Dec. 9 report about China Continue Reading
Here are 4 major moments that drove the stock market last week
The S & P 500 ran into a brick wall Friday and finished the week lower, just one day after closing at a record high. The rotation out of tech stocks, which supported the Dow , was on full display. The across-the-board rally on Wednesday after the Federal Reserve cut Continue Reading