HK stocks up amid fears over returns from AI build-out
Tech shares slumped in Asia on Friday, the yen rose and bonds surged towards their biggest monthly gain in nearly three years as investors scurried to safety against worries that huge and rising AI spending may not deliver sufficient returns. In Hong Kong, the benchmark Hang Seng Index opened up 52 points, or 0.23 percent, at 23,011. The China enterprises index rose 23 points, or 0.31 percent, to 7,779 while the tech index fell 23 points, or 0.63 percent, to 3,720. Up north, the benchmark Shanghai Composite Index opened down 45 points, or 1.25 percent, at 3,605. The blue-chip CSI300 headed for its largest monthly fall in a decade, after nearly four months of AI stocks tanking on fears that a slowdown in demand for chips and other data centre equipment could crush revenues. The Shenzhen Component Index fell 267 points, or 2.4 percent, to 10,871 while the ChiNext Index plunged 3.29 percent to 2,434. In Tokyo, the Nikkei opened 315 points, or 0.49 percent, down at 64,344 and was 1,742 points lower at one stage before noon as the tech-heavy 225 benchmark tracked overnight losses on Wall Street and was given additional impetus by late earnings from Amazon.com and Intel that showed massive cash burns. In...
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What do we know about Stevie Wonder’s ex-fiancée, Carmen Efferson, whom he is seeking to evict?
Stevie Wonder is taking legal action against a reported ex-fiancée, filing a lawsuit last week to evict her after she has allegedly been living rent-free at his Los Angeles property in Studio City for nearly four decades. The prolific musician, whose legal name is Stevland Morris, has filed a legal complaint in Los Angeles County Superior Court against Carmen Efferson, whom he says has been living at the home on Oak Glen Drive since July 1988, according to the complaint obtained by the Los...
I Made A Geography Game That Doesn't Require A Map
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U.S. GDP Increased 3.4% in Third Quarter
The economy grew 3.4 percent in the third quarter, the fastest pace in a year. Strong spending and growth contrast with the poor marks many voters are giving the economy.
Burnham 'ready to support' Poundland staff as retailer faces collapse
Poundland's bosses are filing a notice of intention to appoint administrators to the business.
In Moving Gradually, Fed Risks Having to Play Catch-Up to Quell Inflation
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DoorDash to Buy Instacart for $17 Billion, Uniting 2 Delivery Giants
The deal combines the country’s largest restaurant delivery service with its biggest online grocery platform.
The South West reacts to Budget announcements
Tourism and business leaders have been reacting to John Healey's first Budget as chancellor.
Christine Lagarde to Step Down as President of European Central Bank
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US interest rates held steady and economy grows - what it means for you
The Federal Reserve's interest rate decisions affect everything from mortgages to car loans
Watch: Hundreds queue for city's new Lego store
Fans queued for hours ahead of the opening of a new Lego Store in Norwich.
17 Travel Products That’ll Help Keep You Organized On Your Next Trip
Whether you're catching a flight or going on a road trip, these products will help you stay organized. View Entire Post ›
How to Plan a Trip Around a Running Race
When should you arrive? How do you choose an event? Here are some tips on how best to center a vacation around a race.