Stocks rallied on Tuesday after dovish comments by Federal Reserve officials and the prospect of more economic stimulus from China brought some risk appetite back to markets as investors continue to evaluate the potential impact of the Israel-Hamas conflict.
European stocks rose, on track for their biggest one-day gain this year, benefiting from a drop in bond yields and a Bloomberg News report that China is considering a fresh round of stimulus for its economy.
Lee Fixel’s Addition LP has co-led a round of funding for India’s SuperOps.ai, deepening a foray into AI after ChatGPT galvanized a wave of investment in the burgeoning field.
Amazon.com Inc.’s fall sale for Prime subscribers kicked off Tuesday, with the e-commerce giant looking to get a jump on what’s expected to be a humdrum holiday shopping season.
The trial of FTX co-founder Sam Bankman-Fried on charges of fraud and money laundering is still in its early days, and has already featured crucial testimony from key employees of the now-bankrupt crypto exchange.
Chinese electric-vehicle maker WM Motor said a Shanghai court has accepted a so-called pre-restructuring application by the company, which is mired in financial difficulty and collapsing sales.
Japan’s Denso Corp. and Mitsubishi Electric Corp. are teaming up to invest $1 billion in exchange for a quarter of Coherent Corp.’s silicon carbide business, according to people familiar with the matter.
European stocks rose as a drop in bond yields and optimism about China considering fresh stimulus helped equities recover from their downbeat start to the week as investors continue to assess geopolitical risks from the Israel-Hamas war.
India’s economy needs to grow 8% a year in order to overtake China as the largest contributor to the global economy, Barclays Plc estimated, a scenario that requires much more investment, especially in traditional sectors.
Hacking groups, including some tied to Russia, are attacking Israeli government and media websites, allying themselves with the Palestinian military group Hamas that launched a series of deadly strikes on the country over the weekend.
