Horizon Wealth Management

2025/02/07

Trump's tariff roulette: The markets left reeling from trade threats

Trump tariff risk still tops market worry list Canadian dollar, euro could weaken more: analysts Autos sector firmly in losing camp too China's yuan buffered for now

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2025/02/06

Qualcomm shares fall on downbeat forecast for licensing business

Feb 6 (Reuters) - Shares of chipmaker Qualcomm (QCOM.O), opens new tab fell about 5% in early trading on Thursday as a weak outlook for its patent licensing business outweighed strong expectations for quarterly sales and profit. The company disappointed investors after it said the licensing business, which accounted for 14.8% of its total revenue in the reported quarter, would see no sales growth this year following the expiration of its agreement with Huawei Technologies (HWT.UL).

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2025/02/05

Wall St ends higher as investors digest earnings, rate cut prospects

FMC plunges 33.5% on lower quarterly revenue forecast Alphabet falls 7.3% after downbeat earnings, heavy AI spend Indexes up: Dow 0.71%, S&P 0.39%, Nasdaq 0.19%

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2025/02/04

Trump in no hurry to talk to Xi amid new tariff war

'That's fine,' Trump says of China's retaliatory duties Additional 10% tariff takes effect on China exports to US China imposes limited tariffs on smaller set of US imports China starts anti-monopoly investigation into Google Beijing imposes controls on metals exports

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2025/02/04

Palantir shares jump on upbeat revenue outlook as businesses adopt AI

Feb 4 (Reuters) - Palantir (PLTR.O), opens new tab shares rallied over 18% in premarket trading after it forecast upbeat annual revenue fueled by strong demand for its software and data analytics services from businesses racing to adopt generative AI. Palantir, which provides services to governments such as software that visualizes army positions, is set to gain about $35 billion in market capitalization, at current share price levels of $99.31.

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2025/02/03

Trump tariff headlines spur volatility surge across markets

Tariffs news triggers investor risk aversion. Currency markets sees significant fluctuations

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2025/02/03

Trump tariffs trigger stocks slump, dollar rise on trade war fears

European futures drop as Canada, Mexico retaliate Trump slaps 25% tariffs on Canada, Mexico; 10% on China US dollar hits record high vs yuan Mexican peso, Canadian dollar tumble Hang Seng drops flat after holiday, mainland markets shut

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2025/02/02

Wall Street girds for market impact of Trump tariffs

Canada, Mexico vow retaliation Stocks, high risk assets at risk Trump can increase size, scope of tariffs

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2025/02/02

Wall St Week Ahead Tech sell-off jolts investors as jobs data looms

NEW YORK, Jan 31 (Reuters) - U.S. investors rattled by this week's sharp tech sell-off will closely watch upcoming jobs data for signs of continued economic resilience, which could fuel inflationary concerns already stoked by President Donald Trump's policies. The January nonfarm payrolls report due next week will signal whether the labor market remains buoyant despite high borrowing costs. The Federal Reserve left interest rates unchanged on Wednesday, citing a strong economy and inflation still above its 2% target.

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2025/01/31

Wall St ends lower as White House says Trump to implement tariffs

Apple ends slightly lower a day after reporting results Chevron falls after missing Q4 results estimates Tariff announcement hits stocks Indexes: Dow down 0.8%, S&P 500 down 0.5%, Nasdaq down 0.3%

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2025/01/31

Morning Bid: Higher dollar braces for tariffs, Apple rallies

A look at the day ahead in U.S. and global markets from Mike Dolan As a hectic January ends, world markets continue to brace for U.S. import tariff rises as soon as this weekend - lifting the dollar in anticipation as interest rates in Europe tumble. Despite the currency market anxiety, stocks pushed higher - with index futures adding to Thursday's Wall Street gains as the world's most valuable company Apple rallied 4% ahead of today's bell. Apple's upbeat outlook overnight impressed even in the face of a slight quarterly earnings miss.

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2025/01/30

Intel's quarterly revenue tops expectations as investors await new CEO

Jan 30 (Reuters) - Intel (INTC.O), opens new tab on Thursday posted December-quarter results that beat analysts' low expectations, while its forecast for current-quarter revenue missed estimates as the chipmaker grapples with tepid demand for its data center chips and as investors wait for a new CEO. Shares of the Santa Clara, California-based company climbed 3.8% in after-hours trading. Last year, Intel's shares lost about 60%. The company's quarterly results and forecast were overshadowed by questions about its long-term strategy and efforts to replace former CEO Pat Gelsinger, who was ousted last month. Two interim co-CEOs currently run the former No. 1 U.S. chipmaker which is struggling to catch up to its rivals, especially AI chip maker Nvidia. (NVDA.O)

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2025/01/30

Indexes end up as investors weigh earnings; tariff talk a damper

UPS down after lower-than-expected 2025 revenue forecast Microsoft forecast disappoints Indexes: Dow up 0.4%, S&P 500 up 0.5%, Nasdaq up 0.3%

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2025/01/29

Wall Street ends down but off day's lows; Fed holds rates steady

Tech leads day's decline; Nvidia down 4.1% Fed holds interest rates steady Indexes: Dow down 0.3%, S&P 500 down 0.5%; Nasdaq down 0.5%

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2025/01/29

HEDGE FLOW Stock hedge funds post big one-day drop in DeepSeek rout, say Goldman data

LONDON, Jan 29 (Reuters) - Hedge fund stock-pickers lost billions of dollars on Monday in a rout in global technology shares sparked by the emergence of a low-cost Chinese artificial intelligence model, according to a Goldman Sachs trading update and industry figures on Tuesday. Hedge funds that pick stocks based on company fundamentals rather than using algorithms to trade systematically were down 1.1% Monday, as markets sank, Goldman's trading desk said, a significant one-day drop for funds that in a good year like 2024 make 15%.

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2024/01/28

Nasdaq leads Wall St higher, tech shares recover from Monday's sell-off

Royal Caribbean rises on higher-than-expected profit forecast S&P 500 tech sector registers biggest daily gain since July 31 Indexes: Dow up 0.3%; S&P 500 up 0.9%; Nasdaq up 2%

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2025/01/28

Nvidia short bets rake in over $6 billion in profits after DeepSeek panic

Jan 28 (Reuters) - Short sellers of artificial intelligence-related stocks raked in bumper profits after the smashing debut of low-cost AI models from China's DeepSeek spooked Wall Street, with bets against Nvidia yielding record profits totaling more than $6 billion. Traders betting against AI-darling Nvidia (NVDA.O), opens new tab earned profits of about $6.6 billion - the biggest single-day move ever on the stock - according to data analytics firm Ortex.

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2025/01/27

Nasdaq drops 3% as China's DeepSeek AI model hits tech shares

Wall Street's 'fear gauge' jumps Nvidia falls after China's DeepSeek sparks AI market rout Indexes: Dow up 0.7%; S&P 500 down 1.5%; Nasdaq down 3.1%

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2025/01/27

China's DeepSeek sparks AI market rout

NEW YORK/LONDON, Jan 27 (Reuters) - Technology shares around the world slid on Monday as a surge in popularity of a Chinese discount artificial intelligence model shook investors' faith in the AI sector's voracious demand for high-tech chips. Startup DeepSeek has rolled out a free assistant it says uses lower-cost chips and less data, seemingly challenging a widespread bet in financial markets that AI will drive demand along a supply chain from chipmakers to data centres.

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2025/01/24

US dollar posts biggest weekly loss since November 2023 on tariff angst

Dollar slides after Trump softens stance on China tariffs Chinese stocks get boost from Trump comments Yen volatile after expected rate hike from BOJ

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