Market News

China’s Ambitious Chip Fund Faces Headwinds Amid Economic Challenges and US Restrictions

China’s latest effort to bolster its semiconductor industry faces challenges in its initial stages, struggling to meet its RMB300 billion ($41 billion) target, with economic hardships cited as the primary reason. This funding round, the most ambitious by China, comes after Beijing approved a third round for the China Integrated Circuit Industry Investment Fund, commonly called the Big Fund, the Financial Times reports. Established in 2014, the Big Fund has significantly driven the growth of the chip industry … Read more…

Apple Remains Silent On Strategy As China’s Cyberspace Watchdog Tightens Reins On App Stores

China’s cyberspace watchdog has unveiled the names of the inaugural group of mobile app stores that have adhered to the new regulatory requirements, marking the commencement of stringent oversight measures over mobile applications. The Cyberspace Administration of China (CAC) now enforces rules requiring the submission of comprehensive business information by mobile app stores and applications. Tencent Holding Ltd (OTC: TCEHY), Huawei Technologies Co, Alibaba Group Holding Limited (NYSE: BABA) fintech affiliate Ant Group, Baidu, Inc (NASDAQ: BIDU), Xiaomi Corp (OTC: XIACF) (OTC: XIACY), and Samsung Electronics Co (OTC: SSNLF) are among the … Read more…

Costco And Other Big Stocks Moving Lower In Wednesday’s Pre-Market Session

U.S. stock futures traded higher this morning on Wednesday. Here are some big stocks recording losses in today’s pre-market trading session. Conduit Pharmaceuticals Inc. (NASDAQ:CDT) shares dipped 10.8% to $5.85 in pre-market trading after falling more than 36% on Tuesday. Roadzen, Inc. (NASDAQ:RDZN) shares fell 6.6% to $4.67 in pre-market trading after declining around 7% on Tuesday. DocGo Inc. (NASDAQ:DCGO) shares fell 3.8% to $4.88 in pre-market trading. DocGo recently appointed Lee Bienstock as CEO. … Read more…

Looking At McDonald’s’s Recent Unusual Options Activity

Someone with a lot of money to spend has taken a bearish stance on McDonald’s (NYSE:MCD). And retail traders should know. We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga. Whether this is an institution or just a wealthy individual, we don’t know. But when something this big happens with MCD, it often means somebody knows something is about to happen. So how … Read more…

Nasdaq Down 1.5%; Immunovant Shares Spike Higher

U.S. stocks traded lower toward the end of trading, with the Dow Jones falling more than 400 points on Tuesday. The Dow traded down 1.19% to 33,601.60 while the NASDAQ fell 1.48% to 13,074.97. The S&P 500 also fell, dropping, 1.42% to 4,276.00. Check This Out: DraftKings To Rally Around 35%? Here Are 10 Other Analyst Forecasts For Tuesday   Leading and Lagging Sectors Energy shares fell by just 0.01% on Tuesday. In trading on … Read more…

Boosting Digital Fortresses: Broadcom & Google Cloud Partner To Boost Cybersecurity With AI

Broadcom Inc‘s (NASDAQ:AVGO) division Symantec announced a collaboration with Alphabet Inc. (NASDAQ:GOOGL) (NASDAQ:GOOG) Google Cloud to boost generative AI-powered cybersecurity. As per the deal, Google Cloud will integrate generative AI into the Symantec Security platform in a phased rollout manner to offer customers a strong technical edge to detect and eradicate cyber-attacks. This will result in increased security and higher SOC productivity. AVGO has been a partner of Google Cloud for several years, which has helped accelerate its … Read more…

FTC And States Take On Amazon In Antitrust Battle: What’s Going On?

Amazon.Com, Inc (NYSE:AMZN) stock is trading lower Tuesday as the Federal Trade Commission and 17 states prosecuted the company for allegedly exploiting its monopoly power against rivals.  Amazon’s tactics prevent rivals from growing and emerging by stifling competition on price, product selection, and quality.  The complaint alleges that Amazon’s schemes affect billions of dollars in retail sales, impacting businesses and consumers. FTC Chair Lina M. Khan states that Amazon exploits its monopoly power, enriching itself at the expense of … Read more…

Nvidia Could Drop To $400 – Teetering On The Edge Amidst Unprecedented Highs And Looming Lows

Nvidia reached a record high of $502 on August 24th, then suffered a 15% decline from the peak. If the stock breaches the $403 level, it could potentially fall to $400. Despite the fluctuations, Nvidia maintains a robust year-to-date gain of 184%. NVIDIA Corp (NASDAQ:NVDA) is currently going through a phase of market turbulence. As a long-standing player in the tech industry, the company recently saw its stock reach record highs before experiencing a subsequent … Read more…

Meta Quest 3 Takes On Apple Vision Pro: What You Need to Know — Release Date, Specs, And Prices Leak Before Connect

Meta Platforms Inc.’s (NASDAQ:META) Quest 3 is set to compete head-to-head with Apple Inc.’s (NASDAQ:AAPL) Vision Pro, and in this article, we have provided a factual overview of its release date, specifications, and pricing, all revealed ahead of the Meta Connect event. What Happened: The Meta Quest 3 will debut at the upcoming Meta Connect event on Sept. 27. It will come with a 40% slimmer design than its predecessor and high-resolution color mixed reality combining AR/VR elements. But here’s the exciting part – Latest rumors … Read more…

Top 2 Real Estate Stocks That Are Ticking Portfolio Bombs

The most overbought stocks in the real estate sector presents an opportunity to go short on these overvalued companies. The RSI is a momentum indicator, which compares a stock’s strength on days when prices go up to its strength on days when prices go down. When compared to a stock’s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered overbought … Read more…