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India Tech Stocks’ $11 Billion Rally May Halt on Earnings Misses
  • January 16, 2025

India Tech Stocks’ $11 Billion Rally May Halt on Earnings Misses

(Bloomberg) -- Follow Bloomberg India on WhatsApp for exclusive content and analysis on what billionaires, businesses and markets are doing. Sign up here.Most Read from BloombergThese Homes Withstood the LA Fires. Architects Explain WhyNYC Commuters Get New Way to Dodge Traffic: $95 Helicopter RidesWill Americans Ever Lose Their Taste for Telework?Chicago Agency Pitches $1.5 Billion Plan to Fix Transit WoesScaramucci, Ackman Donate to Whitney Tilson’s NYC Mayoral RunEarnings misses by leading In

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China's Q4 GDP grows 5.4% y/y, beating market forecast
  • January 16, 2025

China's Q4 GDP grows 5.4% y/y, beating market forecast

China's economy grew 5.4% in the fourth quarter from a year earlier, official data showed on Friday, significantly beating analysts' expectations and enabling the government to meet its annual growth target. Analysts polled by Reuters had forecast fourth-quarter gross domestic product (GDP) would expand 5.0% from a year earlier, quickening from the third-quarter's 4.6% pace as a flurry of support measures began to kick in. For the full-year 2024, the world's second-largest economy grew 5.0%, data from the National Bureau of Statistics data showed, meeting the government's annual growth target of around 5%.

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ChargePoint Outpaces Tesla In EV Network Market Share, But JPMorgan Stays Cautious
  • January 16, 2025

ChargePoint Outpaces Tesla In EV Network Market Share, But JPMorgan Stays Cautious

ChargePoint Holdings Inc. (NYSE:CHPT) has secured its spot as the market leader in the U.S. EV charging network, boasting a commanding 32% share and more than 70,000 ports nationwide. The company’s network has overtaken Tesla Inc (NASDAQ:TSLA) and other major players, highlighting ChargePoint's expansive reach amid growing EV adoption. Despite this impressive lead, JPMorgan analyst Bill Peterson maintains a cautious stance, placing ChargePoint on the firm's Short Ideas list. Don't Miss: ‘Scrolli

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Litecoin ETF Draws Near as Nasdaq Files Form Key to SEC Approval
  • January 16, 2025

Litecoin ETF Draws Near as Nasdaq Files Form Key to SEC Approval

(Bloomberg) -- Nasdaq and Canary Capital Group submitted new filings to the US Securities and Exchange Commission this week that are key to gaining the regulator’s approval for a spot Litecoin ETF.Most Read from BloombergThese Homes Withstood the LA Fires. Architects Explain WhyNYC Commuters Get New Way to Dodge Traffic: $95 Helicopter RidesWill Americans Ever Lose Their Taste for Telework?Chicago Agency Pitches $1.5 Billion Plan to Fix Transit WoesScaramucci, Ackman Donate to Whitney Tilson’s N

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China Heads for Trump Showdown With Yuan, Stocks Under Threat
  • January 16, 2025

China Heads for Trump Showdown With Yuan, Stocks Under Threat

(Bloomberg) -- For investors in China, fighting another trade war with the US will feel like anything but been there and done that.Most Read from BloombergThese Homes Withstood the LA Fires. Architects Explain WhyNYC Commuters Get New Way to Dodge Traffic: $95 Helicopter RidesWill Americans Ever Lose Their Taste for Telework?Chicago Agency Pitches $1.5 Billion Plan to Fix Transit WoesScaramucci, Ackman Donate to Whitney Tilson’s NYC Mayoral RunA lot has changed since the last trade war in 2018-1

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American Express agrees to pay more than $138M to resolve investigation into sales and marketing
  • January 16, 2025

American Express agrees to pay more than $138M to resolve investigation into sales and marketing

American Express has agreed to pay more than $138 million to resolve a wire fraud investigation related to its sales and marketing practices, federal authorities announced Thursday. The New York-based financial giant provided inaccurate tax advice to customers and potential customers on wire products primarily marketed at small and mid-size businesses, the U.S. Attorney for the Eastern District of New York's office said. Harry Chavis, a special agent in charge at the Internal Revenue Service’s office in New York, said the company “misled their customers by touting tax breaks that simply didn’t exist."

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