SoftBank sinks over 10% as Nvidia-fueled rout sweeps Asian chip names
Asian chip stocks fell in early trading, tracking Nvidia’s losses in the U.S., despite the American AI chip darling posting strong third-quarter earnings.
CNBC’s Inside India newsletter: Micro-dramas make a leap from China to India, fueling a new content race
Micro-dramas, loaded with hooks and wild plots, surpassed box office collections in China last year and the trend has caught on in India.
OpenAI taps iPhone assembler Foxconn to manufacture data center components in U.S.
OpenAI has struck a new partnership with Foxconn, the world’s largest contract electronics manufacturer, to build artificial intelligence hardware.
Japan October exports massively beat estimates on robust growth in shipments to Asia and Europe
Exports grew 3.6% year on year compared with expectations of a 1.1% growth by economists polled by Reuters.
SoftBank plunges over 10% as Asia markets track Wall Street’s stunning reversal in AI stocks
Asia markets slumped Friday after SoftBank tumbled more than 10% and stronger-than-expected U.S. hiring cut the odds of a December Federal Reserve rate cut.
Japan’s core inflation in October rises to a 3-month high, supporting the case for rate hikes
Core inflation, which strips out prices of fresh food, came in at 3% as expected by economists polled by Reuters.
Stocks making the biggest moves after hours: Intuit, Gap, Ross Stores and more
These are the stocks posting the largest moves in extended trading.
Another fire ignites at Ford aluminum supplier Novelis
Another fire ignited on Thursday at Novelis’ aluminum plant in Oswego, New York, that supplies Ford’s lucrative F-150 truck line.
Stock futures little changed after market drops on renewed AI fears: Live updates
Expectations of a December rate cut remains tepid, adding pressure to the market.
Fundstrat’s Tom Lee says crypto is a ‘leading indicator’ for U.S. stock prices
Bitcoin on Thursday declined to levels not seen since April 21, amid a broader market pullback that saw investors rake in profits from risk-on assets.