Analysis-Beaten-down European stocks lure investors back as Trump trades wobble
Beaten-down European stocks are luring investors back after a record underperformance versus Wall Street in 2024, as fears about U.S. economic shocks under incoming President Donald Trump boost the appeal of international markets. Amundi, Europe's largest investor, said on Wednesday it had "turned constructive on Europe" because the effect of trade war fears on valuations was exaggerated. The STOXX 600 index of blue-chip European shares has lost 0.7% this month but outperformed the U.S. S&P 500, which has dropped nearly 3% on fading hopes for U.S. interest rate cuts and policy uncertainty.
Western European car market flat in 2024 – GlobalData
Growth is expected to uptick in 2025 with further interest rate cuts and more competitively priced models.
Why Is Quantum Computing Stock Falling Today?
Quantum Computing Inc. (NASDAQ:QUBT) shares are trading lower in the premarket session on Wednesday. The company announced a private placement offering of 8.16 million shares of common stock at $12.25 per share. The offering, which is expected to generate $100 million in gross proceeds before expenses, is set to close on or about January 9, 2025, pending customary closing conditions. The company plans to use the net proceeds for working capital and general corporate purposes, with a focus on adv
Apollo’s Private Equity Capital Markets Head Manin Has Left Firm
(Bloomberg) -- Apollo Global Management Inc.’s head of private equity capital markets, Matthew Manin, has left the firm to pursue another opportunity, according to people with knowledge of the matter, who asked not to be identified discussing private information. Most Read from BloombergNYC’s Subway Violence Deters Drive to Bring Workers Back to OfficeDutch Central Bank Restores Amsterdam’s ‘Ugliest Building’Can American Drivers Learn to Love Roundabouts?NYC Condo Owners May Bear Costs of Landma
Stocks Down Pre-Bell Ahead of Fed Meeting Minutes; Asia Churns, Europe Declines
US benchmark equity indexes were tracking in the red in Wednesday's premarket activity as investors
Analyst overhauls AMD stock price target as gap with Nvidia widens
AMD shares have been the standout under performer in the AI chip space for much of the past year.
Paysafe gains payment licence to support Brazil’s iGaming market
Paysafe's offerings in Brazil will include its digital wallets, Skrill and NETELLER, designed specifically for iGaming sector.
BWXT to acquire Kinectrics for $525m to expand in nuclear market
Kinectrics will operate as a BWXT subsidiary, with results included in the commercial operations segment after acquisition.
Iris Energy Boosts Bitcoin Mining Capacity and Expands AI Services
Iris Energy ( (IREN) ) has provided an update. In December 2024, Iris Energy reported a significant increase in Bitcoin mining capacity and efficiency, achieving a 450% growth in hashrate and a hardware profit margin of 77%. The company mined 529 Bitcoins in December, generating $52.1 million in revenue, and is on track to expand its capacity to 50 EH/s by the first half of 2025. Additionally, the company continued its expansion in AI and HPC services, enhancing its market positioning with the i