Key News Asian equities were mixed overnight as South Korea underperformed in an unexpected political development, Taiwan and Indonesia outperformed, and the US dollar was weaker overnight while Thailand was closed for the King’s birthday. Hong Kong and Mainland China had a lifeless session lacking catalysts as investors appear to be waiting for next week’s China Economic Work Conference (CEWC) for more economic policies and clarity around stimulus. Gaining clarity on the timing of the Politburo meeting would be helpful as a release coming out of it would help investors understand the policy trajectory. Today was a sequel to yesterday’s…

SpaceX may now be valued at $350 billion, making it the world’s most valuable startup. In a tender offer expected to occur later this month, insiders are looking to receive a dramatically higher valuation than the $210 billion figure reported earlier this year. As a private company, SpaceX does not disclose its financial details publicly. However, industry analysts have made informed estimates regarding its revenue and earnings growth. For instance, Morgan Stanley’s models indicate that a $350 billion valuation would imply a price-to-sales ratio of 23.6 and a price-to-earnings ratio of 308 for 2024. With SpaceX’s rapid growth trajectory, these…

When you’re seeking new opportunities, hoping to increase your knowledge, or aspiring to enhance your professional career trajectory, pursuing a Master of Business Administration (MBA) can be a valuable step. While it’s important to consider the investment involved, the benefits of an MBA can be significant. Here are some factors to consider when deciding if it makes financial sense to pursue an MBA. Understand Your Goals Before you begin to think about programs, you want to understand what you want to achieve by going through schooling. You want to narrow your goal to a specific job title and industry to…

The Federal Open Market Committee is most likely to cut interest rates again to 4.25% to 4.5% on December 18 according to fixed income markets and the tone of two recent speeches from Federal Reserve governors. Prediction site Kalshi, currently gives a similar 73% chance of a cut. There is more economic data on jobs and inflation to come before the FOMC meets, but with subdued inflation and a somewhat softening jobs market, a cut appears likely. Recent Fed Statements The FOMC did cut interest rates at its two previous meetings in September and November after holding rates at peak…

Key News Asian equities had a strong day as Indonesia was up more than 2%, while Japan, Pakistan, South Korea, Taiwan, and Thailand were up more than 1%. Early in the trading day, CNH, offshore traded renminbi, fell versus the US dollar, closing at 7.29 and hitting an intra-day low of 7.31 versus yesterday’s close of 7.28. US Treasury yields were lower overnight, so the move doesn’t appear to be driven by interest rate differentials, as the probability of a December Fed cut of 0.25% basis points remains high. President Trump’s most recent 100% tariff threat toward the BRICS+ countries…

On 12/5/24, NVIDIA, Qualcomm, and NXP Semiconductors will all trade ex-dividend for their respective upcoming dividends. NVIDIA will pay its quarterly dividend of $0.01 on 12/27/24, Qualcomm will pay its quarterly dividend of $0.85 on 12/19/24, and NXP Semiconductors will pay its quarterly dividend of $1.014 on 1/8/25. Start slideshow: 10 Stocks Where Yields Got More Juicy » As a percentage of NVDA’s recent stock price of $138.63, this dividend works out to approximately 0.01%, so look for shares of NVIDIA to trade 0.01% lower — all else being equal — when NVDA shares open for trading on 12/5/24. Similarly,…

If you’ve been investing for a while, you’ve probably thought about private equity more than once. Adding exposure to “PE” firms, which buy and sell privately held businesses, is a great way to diversify beyond the big names of the S&P 500. But of course, to get in on that action, we have to be either institutional investors or have a net worth high enough to be “accredited.” Most people stop there. But there is a way to access private equity through a kind of lesser-known “back door.” For example, you could buy an ETF like the Invesco Global Listed…

These high-energy young entrepreneurs are innovating new methods to unlock a cleaner, greener future. By Hank Tucker, Chris Helman and Igor Bosilkovski Solar energy capacity has grown exponentially in the last decade as one of the leading catalysts of the green revolution away from fossil fuels, but a drawback of solar farms is that they can only generate energy in daylight. Ben Nowack is challenging this basic law of nature by selling “sunlight as a service” at all hours. Nowack, 28, and his Reflect Orbital cofounder Tristan Semmelhack, 23, have raised $8.7 million from prestigious investors including Sequoia Capital to…

Jing Hong, founding partner of Beijing-based Gaocheng Capital, says investors have “underestimated” the growth potential of Chinese enterprise software companies. Gaocheng Capital is the “last man standing” among investors still backing Chinese enterprise software companies, said its founding partner Jing Hong in an interview on the sidelines of the Forbes Global CEO Conference last month in Bangkok. While the low stock prices of listed companies in the sector has driven most investors away, Hong is staying put because she believes her Beijing-based private equity firm “will become China’s blue-chip enterprise SaaS (software-as-a-service) index.” Hong’s confidence stems from her stellar track…

Nvidia has become a household word these days. As a holder since 2015, I have experienced the growth stages of the stock—along with the sell offs—for almost ten years. Some of those stages were short lived—like the crypto mining rush and the gaming rush. Today’s almost universal worshipping of the company has a very different tone though. There are few investors taking the other side of this trade. Here are some of my concerns: Circus-like atmosphere around NVDA’s earnings announcements: Countdown clocks, near continuous coverage the day before earnings, and general analysts’ positive coverage of NVDA are all at the…