Tag Archives: Nervous

Wells Fargo thinks this one asset may be ‘the next big play’ — for nervous investors, it could also serve as a much-needed safe haven According to Wells Fargo, the rest of 2022 looks good for the price of gold. Thanks to hot inflation, geopolitical uncertainty and a crashing stock market, the banking giant sees gold as the next big opportunity for investors — particularly in relation to bitcoin. “On the store-of-value front, bitcoin has been getting much of the attention lately, but we… Source link

(Bloomberg) — Chinese power plants and steelmakers are looking for alternatives to Russian coal after some domestic banks suggested they avoid purchases due to the mounting sanctions being imposed on Moscow. Most Read from Bloomberg Some state-own firms were sent private client notes by the lenders advising them to halt buying Russian coal as tightening global restrictions could cause “unexpected damage” to China’s importers, according to people with knowledge of the matter who asked… Source link

Microsoft, Google, and Qualcomm have been raising concerns to regulators about Nvidia’s Arm acquisition, according to reports by CNBC and Bloomberg. The companies have approached regulators in the US, EU, UK, and China, reportedly with concerns that Nvidia could change how Arm licenses out its chipmaking technology. Nvidia has pledged that it won’t use its control over the company to change how it interacts with other businesses. Writing to the Financial Times, Nvidia CEO Jensen… Source link

Benzinga The Upcoming Catalyst That Could Move Chinese EV Stocks Nio, Xpeng, Li Auto Chinese electric vehicle stocks have seen some moderation in momentum in recent sessions. One upcoming catalyst could lift the stocks out of this lackluster phase: the January delivery numbers that are due next week. Finding The Sweet Spot In China’s EV Market: China is a hot EV market, both from the perspective of the addressable market opportunity and supply. “China is a greenfield EV market opportunity for… Source link