• Aug 28, 2024

Cnooc Reports Higher First-Half Profit on Oil Drilling Boost

(Bloomberg) -- Cnooc Ltd., China’s largest offshore oil and gas producer, said first half profits rose on higher output and rising crude prices.Most Read from BloombergNazi Bunker’s Leafy Makeover Turns Ugly Past Into Urban EyecatcherChicago Overcomes DNC Skeptics With Calm, Parties and SunNet income for the six months through June was 79.7 billion yuan ($11.2 billion), compared with 63.8 billion yuan in the same period last year, the state-owned company said in an exchange filing. Output rose t

• Aug 28, 2024

Morning Bid: Market held in thrall ahead of Nvidia numbers

Nvidia is holding the investment world in thrall ahead of an earnings report later today that, even if it delivers the expected doubling of second-quarter revenue, may not satisfy investors accustomed to market-moving outperformance. The chipmaker's market value was around $390 billion on the eve of the launch of artificial intelligence (AI) chatbot, ChatGPT, less than two years ago. Trade in Asia was light and moves modest ahead of the release, and European equity futures were flat.

• Aug 28, 2024

Japan stocks higher at close of trade; Nikkei 225 up 0.12%

Investing.com – Japan stocks were higher after the close on Wednesday, as gains in the Paper&Pulp, Transport and Railway&Bus sectors led shares higher.

• Aug 28, 2024

Australia stocks higher at close of trade; S&P/ASX 200 up 0.00%

Investing.com – Australia stocks were higher after the close on Wednesday, as gains in the Consumer Staples, Financials and A-REITs sectors led shares higher.

• Aug 28, 2024

Australians Lost $122M Worth of Crypto to Scams in 12 Months: Police

AFP Assistant Commissioner Richard Chin said the data revealed that it was a misnomer that only older people were victims of scams.

• Aug 28, 2024

Lego outperforms toy market with robust sales in Europe and North America

Lego's sales of its colorful plastic bricks outpaced the overall toy market in the first half of the year, driven by strong demand in Europe and North America, the Denmark-based toymaker said on Wednesday. The family-owned Lego company said sales from January through June rose 13% to 31 billion Danish crowns ($4.65 billion). By comparison, Lego increased first-half sales by 1% last year and 17% in 2022, year over year.

• Aug 28, 2024

PLTR vs. GOOGL: Which Technology Stock Is Better?

In this piece, I evaluated two technology stocks: Palantir Technologies (PLTR) and Alphabet (GOOGL). A closer look suggests a neutral view of Palantir and a bullish view of Alphabet. Palantir Technologies specializes in big data analytics, while Alphabet is a holding company that owns the Google search engine and sells apps and content on Google Play and YouTube. Alphabet also generates revenue from cloud services fees, licensing revenue, and hardware products like Chromebooks and other devices.

• Aug 28, 2024

Taiwan stocks higher at close of trade; Taiwan Weighted up 0.37%

Investing.com – Taiwan stocks were higher after the close on Wednesday, as gains in the Glass, Financials and Electronic Products Distribution sectors led shares higher.

• Aug 28, 2024

Toncoin Trims Losses, Beats Bitcoin and Ether, as TON Blockchain Comes Back Online

Toncoin's TON performed better than the CoinDesk 20 as the protocol announced its blockchain had restarted.

• Aug 28, 2024

Asian benchmarks mostly decline as markets await Nvidia earnings

Asian shares were mostly lower Wednesday, despite a record high on Wall Street, as investors awaited a closely watched earnings report from Nvidia. Japan’s benchmark Nikkei 225 edged up 0.2% in afternoon trading to 38,352.07. Toyota stock jumped 3.7% after Japanese media reported Japan’s top automaker was going to announce a cooperative agreement on fuel cells with European automaker BMW.