Tech-loving hedge funds have a crush on utility stocks
Old-school power companies have become darlings among hedge-fund firms thanks to their starring role in the artificial-intelligence boom.
Old-school power companies have become darlings among hedge-fund firms thanks to their starring role in the artificial-intelligence boom.
The software company's potential addition to the S 500 index could be an even larger opportunity in the medium-term, the report said.
A recent earnings call highlighted a key trend that could change the AI market
Shares were lower in Europe after retreating in Asia as investors awaited decisions on interest rates by the Federal Reserve and other central banks. The futures for the S&P 500 and the Dow Jones Industrial Average were 0.3% lower. Britain's FTSE 100 fell 0.6%, to 8,210.20.
This property is strategically located within walking distance of Candolim and Moterio beaches.
Flagship stores in Panama in 2025 will be followed by a series of openings across the region.
New World Development (NWD) can't seem to catch a break. Two rounds of top management shake-up to tackle its debt load and the loss of blue-chip stock status are threatening to spiral into a crisis of confidence. The stock slumped 1.2 per cent on Tuesday to HK$5.65, bringing the losses this year to more than 50 per cent while the benchmark Hang Seng Index advanced 17 per cent. The highly indebted developer is said to have sent out a letter to its bank lenders, seeking a waiver on loan conditions
Bourse operator Hong Kong Exchanges and Clearing (HKEX) is set to reduce the minimum swing for stock prices by up to 60 per cent, in a move to bolster liquidity and transactions in Asia's third-largest capital market. The reduction of the minimum price change, which determines the tightest bid-ask spread allowed, will encourage smaller trades. It will apply to equities, real estate investment trusts and other applicable securities - excluding debt securities, exchange-traded options and products
China's artificial intelligence (AI) start-up Zhipu AI said on Tuesday that it has raised 3 billion yuan (US$412 million) in a new funding round, beefing up the firm's war chest as it braces for stiffer competition in the market. The new financing adds to a funding spree that has seen Zhipu secure four investment rounds so far this year from a long list of marquee backers, from state-backed investment vehicles to Big Tech firms such as Alibaba Group Holding and Tencent Holdings, as well as promi
The acquired assets will undergo brief closure to transition into a Weis Markets store.