News

Goldman Sachs raises China stock market target on AI boost

Goldman Sachs raised its target price for Chinese stocks on Monday, estimating that AI adoption could boost earnings growth and potentially bring in $200 billion of inflows. Chinese tech stocks have been on a strong rally, clocking their best winning streak in over two years last week, boosted by DeepSeek's AI breakthrough, which reignited investor interest in China's technology capabilities. On Monday, Goldman raised its 12-month target price for China's CSI300 index to 4,700 from 4,600.

UK housing market starts to feel the drag from tax change, Rightmove says

A run-up in asking prices for newly listed homes in Britain has lost steam ahead of an increase in property purchase taxes, according to a survey published on Monday. Property website Rightmove said the average price of properties put on the market rose by 0.5% between Jan. 12 and Feb. 8 to 367,994 pounds ($464,666), a weaker-than-usual increase for the time of year and a slowdown from a strong rise of 1.7% in the previous four weeks. Colleen Babcock, Rightmove's head of partner marketing, said the March 31 end of the temporary tax break - for buyers in England and Northern Ireland of cheaper homes and for first-time buyers - was having an impact.

Argentine lawyers accuse President Milei of fraud over cryptocurrency promotion

Argentine lawyers filed fraud complaints against President Javier Milei in criminal court on Sunday for promoting a cryptocurrency on his social media, one of the lawyers told The Associated Press. On Friday, Milei posted on X about $LIBRA, a coin that he said was aimed at “encouraging economic growth by funding small businesses and startups.” The coin, developed by KIP Protocol and Hayden Davis, could be obtained by accessing a link that directed users to a website called vivalalibertadproject.com, referring to the well-known phrase with which Milei closes speeches and messages on his social media.

2 Bitcoin ETFs to Buy With $100 and Hold Forever

Investing in Bitcoin is a bit risky, considering that real-world uses for the digital token are still limited, and its price can be very volatile. If you're bullish on Bitcoin's long-term prospects, here are two ETFs that are a great place to put $100. The iShares Bitcoin Trust (NASDAQ: IBIT) was one of the first Bitcoin ETFs to launch last year, and it has quickly become one of the most popular among investors.

DeepSeek drives $1.3 trillion China stock rally as funds pile in

(Bloomberg) -- DeepSeek’s breakthrough in artificial intelligence is helping drive a rotation of stock funds back into China from India.Most Read from BloombergProgressive Portland Plots a ComebackWhy American Mobility Ground to a HaltA Filmmaker’s Surreal Journey Into His Own Private WinnipegHow to Build a Neurodiverse CitySpaceX Bid to Turn Texas Starbase Into City Is Set for Vote in MayHedge funds have been piling into Chinese equities at the fastest pace in months as bullishness on the DeepS