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Showing posts from January, 2024

Stocks making the biggest moves after hours: Align Technology, Qualcomm, Wolfspeed and more

These are the stocks posting the largest moves in extended trading. from Finance https://ift.tt/5i1C8Uu via IFTTT

Jeffrey Gundlach says all the 'Goldilocks' talk makes him nervous, thinks recession is still likely

DoubleLine Capital CEO Jeffrey Gundlach believes the Federal Reserve poured cold water on hopes for a "Goldilocks" scenario benefiting risk assets. from Finance https://ift.tt/NBkdPQa via IFTTT

Fed holds rates steady, indicates it is not ready to start cutting

The Federal Reserve on Wednesday sent a tepid signal that it is done raising interest rates but made it clear that it is not ready to start cutting. from Finance https://ift.tt/19lV4oC via IFTTT

Former UK finance minister joins Coinbase crypto exchange as an advisor

Coinbase said Wednesday that George Osborne, who served as Britain's chancellor of the exchequer from 2010 to 2016, will join the company as a global advisor. from Finance https://ift.tt/GWnS207 via IFTTT

U.S.-China fentanyl talks get off to a 'productive' start, security advisor says

The U.S. and China had a "productive" first day of fentanyl talks, Jennifer Daskal, a deputy homeland security advisor, told NBC News' Janis Mackey Frayer. from Finance https://ift.tt/vMfRVEy via IFTTT

Stocks making the biggest moves after hours: Microsoft, Alphabet, Starbucks, AMD and more

These are the stocks posting the largest moves after hours. from Finance https://ift.tt/hvfVoI0 via IFTTT

A change to this one clause could be the most important part of the Fed meeting

The central bank is expected give an important hint about interest rate moves to come by removing wording from previous statements. from Finance https://ift.tt/For72qs via IFTTT

Stocks are the 'asset class of choice' as markets are now used to bad news, strategist says

Stocks are still the "asset class of choice" even as geopolitical risks mount, says Beat Wittmann, partner at Porta Advisors. from Finance https://ift.tt/6nEdY4r via IFTTT

Alibaba-backed Xreal, rival to Apple's Vision Pro, claims it's now an AR glasses unicorn

Alibaba-backed augmented reality glasses company Xreal said it received $60 million in new funding, giving the company a valuation of more than $1 billion. from Finance https://ift.tt/l0RHv3N via IFTTT

Stocks making the biggest moves after hours: Whirlpool, F5, Cleveland-Cliffs and more

These are the stocks posting the largest moves in after-hours trading. from Finance https://ift.tt/lwDAzcV via IFTTT

Workers are sour on the job market — but it may not be warranted

Layoffs and unemployment remain quite low by historical standards. So why do workers still feel lousy? from Finance https://ift.tt/h8FxRdo via IFTTT

Stocks making the biggest moves premarket: Dollar Tree, American Airlines, ZoomInfo Technologies and more

These are the stocks posting the largest moves in premarket trading. from Finance https://ift.tt/IVMXsNg via IFTTT

Zelenskyy's income fell drastically following Russia's invasion, new declaration reveals

The Zelenskyy family income fell almost threefold between 2021 and 2022, according to the declaration on the presidential website. from Finance https://ift.tt/ku5TzBN via IFTTT

China's luxury market is bouncing back with new areas of opportunity

As China's luxury sales rebound, industry analysts and financial releases from major brands point to new growth opportunities versus pre-pandemic trends. from Finance https://ift.tt/6FBQua9 via IFTTT

China plans to merge 3 bad debt asset managers with its largest sovereign wealth fund, state media reports

Beijing pledged last Monday to strengthen the "inherent stability" of its capital markets and improve market confidence. from Finance https://ift.tt/iY5te73 via IFTTT

Workers are paying to get part of their paychecks early. It's 'payday lending on steroids,' one expert says

"Earned wage access" programs have ballooned in popularity. But some experts and consumer advocates fear their fees can be like those of payday loans. from Finance https://ift.tt/A0K2ebC via IFTTT

Chinese stocks are starting to turn around. How to play it

Chinese stocks ended the week with four straight days of gains — a rare upswing after a dismal start to the year. from Finance https://ift.tt/IFmS3GJ via IFTTT

Stock market to 'nowhere?' Two ETF experts see more trouble ahead in China

Why investors may find it tough to see a growth story in China this year. from Finance https://ift.tt/8mfJthk via IFTTT

Why weakness in small caps may be a short-term setback

The Russell 2000's underperformance so far this year is likely temporary, according to Fairlead Strategies' Katie Stockton. from Finance https://ift.tt/SPbgm2Z via IFTTT

LVMH shares jump 8% as earnings point to luxury sector resilience

LVMH shares jumped more than 8% on Friday morning after the world's largest luxury group posted higher-than-expected sales for 2023 and raised its annual dividend. from Finance https://ift.tt/IJFNbdZ via IFTTT

JPMorgan Chase shuffles top leaders as race to succeed Jamie Dimon drags on

The top JPMorgan executives involved in the changes are considered frontrunners to succeed Jamie Dimon as CEO. from Finance https://ift.tt/gOIxSAZ via IFTTT

Stocks making the biggest moves after hours: T-Mobile, Intel, Levi Strauss and more

These are the stocks posting the largest moves in extended trading. from Finance https://ift.tt/50DHU8n via IFTTT

Stocks making the biggest moves midday: Tesla, American Airlines, Boeing, Humana and more

These are the stocks posting the largest moves midday. from Finance https://ift.tt/FXGCvNU via IFTTT

Stocks making the biggest moves premarket: IBM, Tesla, Nokia, Humana and more

These are the stocks posting the largest moves in premarket trading. from Finance https://ift.tt/tG5DfTs via IFTTT

China is ramping up stimulus to boost market confidence — but is it enough?

There are rising expectations for more support from China to boost its economy and stock markets — especially after the PBOC's easing announcements on Wednesday. from Finance https://ift.tt/uqNa0jP via IFTTT

Hedge fund billionaire Bill Ackman and wife Neri Oxman buy nearly 5% stake in Tel Aviv Stock Exchange

Hedge fund billionaire Bill Ackman and his wife Neri Oxman are buying a nearly 5% stake in the Tel Aviv Stock Exchange, the exchange reported in a press release Wednesday. from Finance https://ift.tt/r8iSebZ via IFTTT

China’s EV players ramp up competition with Tesla using new tech

Hot competition in China's electric car market is pushing local automakers to sell vehicles with fancy tech that Tesla doesn't yet offer in the country. from Finance https://ift.tt/lgAN8LX via IFTTT

Stocks making the biggest moves after hours: Netflix, Texas Instruments, Intuitive Surgical and more

These are the stocks posting the largest moves in extended trading. from Finance https://ift.tt/FMChtgO via IFTTT

Don’t let this passport quirk upend your next vacation. It 'trips a lot of people up,' expert says

Depending on the destination, your passport may need to be valid for at least six more months in order to board the airplane. from Finance https://ift.tt/L04OYsJ via IFTTT

Stocks making the biggest moves premarket: Coinbase, TKO Group, United Airlines, D.R. Horton and more

These are the stocks posting the largest moves in premarket trading. from Finance https://ift.tt/3AN07Ca via IFTTT

Founders of Wise and Skype raise $436 million to build tech giants in Europe

Plural, a venture firm set up by the founders of Wise, Skype and Songkick, raised 400 million euros ($436.4 million) for a new fund. from Finance https://ift.tt/gCypzF0 via IFTTT

World's largest hedge funds record bumper year of profits, research shows

The world's top hedge funds raked in record profits last year amid a resurgence in stock markets, new analysis showed Monday. from Finance https://ift.tt/JhsNL36 via IFTTT

Watchdog report is critical of former Fed officials in stock trading controversy

A review into market trading from two former high-ranking officials criticizes their actions but does not accuse either of doing anything illegal. from Finance https://ift.tt/wt20ZyT via IFTTT

Why that ‘last mile’ of the inflation fight may be more challenging

The final stretch of disinflation before hitting the Federal Reserve's 2% target may not be so easy, some economists believe. from Finance https://ift.tt/TNwEKIj via IFTTT

Trump's proposed 10% tariff plan would 'shake up every asset class,' strategist says

Donald Trump's proposed 10% tariff increase on all U.S. imports "shakes up every asset class," according to Rabobank's Michael Every. from Finance https://ift.tt/bEaC1go via IFTTT

Stocks making the biggest moves premarket: Macy's, Boeing, Archer-Daniels-Midland and more

These are the stocks posting the largest moves in premarket trading. from Finance https://ift.tt/AjEQCnO via IFTTT

China vs. India? Where one Asia investment manager is buying in a world of uncertainty

Abrdn's Xin-Yao Ng, Singapore-based investment manager of Asian equities, shares his investment outlook. from Finance https://ift.tt/wXLQNWe via IFTTT

'We have scouts all over the world': Former NBA All-Star Danny Ainge takes a money shot for global talent

Utah Jazz CEO Danny Ainge seeks to capitalize on heightened international interest in the NBA. from Finance https://ift.tt/LjC1gRX via IFTTT

Stocks making the biggest moves midday: Wayfair, iRobot, Spirit Airlines, Celsius and more

These are the stocks posting the largest moves in midday trading. from Finance https://ift.tt/SrMI8eR via IFTTT

Stocks making the biggest moves premarket: Spirit Airlines, Nvidia, Wayfair and more

These are the stocks posting the largest moves in premarket trading. from Finance https://ift.tt/fr0yJIZ via IFTTT

Stocks making the biggest moves after hours: iRobot, Super Micro Computer, PPG Industries and more

See which stocks are posting big moves after the bell. from Finance https://ift.tt/LKhzFPb via IFTTT

Stocks making the biggest moves midday: Apple, Humana, Taiwan Semiconductor, Birkenstock and more

These are the stocks posting the largest moves midday. from Finance https://ift.tt/fnam3Pj via IFTTT

Deutsche Bank CEO says acquisitions not a 'priority' as Commerzbank rumors swirl

Deutsche Bank CEO Christian Sewing said that merger and acquisition activity is not a priority, as speculation resurfaces over the future of rival Commerzbank. from Finance https://ift.tt/sEVpdPH via IFTTT

Barclays CEO says difference in Labour and Conservative economic policy is 'fairly minimal'

The difference between the Conservatives and Labour on economic policy is "fairly minimal," Barclays CEO C.S. Venkatakrishnan said Thursday. from Finance https://ift.tt/B4Mm90l via IFTTT

Stocks making the biggest moves after hours: Discover, Alcoa, Talos Energy and more

These are the stocks posting the largest moves in extended trading. from Finance https://ift.tt/7AT80S1 via IFTTT

Jamie Dimon praises Trump, warns MAGA criticism could hurt Biden

Jamie Dimon admonished Democrats to be "more respectful" toward Donald Trump's "MAGA" supporters, or else risk hurting President Joe Biden's reelection bid. from Finance https://ift.tt/fFiCDt7 via IFTTT

OpenAI CEO Sam Altman opens up about being fired by the board: 'Super caught off guard'

OpenAI CEO Sam Altman speaks out about being unexpectedly fired by the board in November, and said he felt "super confused" and was "super caught off guard." from Finance https://ift.tt/Exr1z9M via IFTTT

China misses fourth-quarter GDP estimates, resumes posting youth unemployment data

GDP for the last three months of 2023 rose by 5.2%, missing analysts' estimates of 5.3% in a Reuters poll. from Finance https://ift.tt/BcQG1Lv via IFTTT

China's economic growth is set to slow in 2024. Here's what Wall Street is predicting

Major investment banks expect China's economy to grow at a slower pace in 2024 than in 2023, according to forecasts released in the last few months. from Finance https://ift.tt/Rhs3YxP via IFTTT

OpenAI's Sam Altman says human-level AI is coming but will change world much less than we think

Sam Altman said concerns that AI will one day become so powerful that it dramatically reshapes and disrupts the world are overblown from Finance https://ift.tt/CztAxkE via IFTTT

Morgan Stanley revenue tops estimates, helped by strong investment banking business

Morgan Stanley reported fourth-quarter earnings before the bell Tuesday. from Finance https://ift.tt/ceAgdjE via IFTTT

China's premier tells Davos that innovation shouldn't be used to restrict other nations

Chinese Premier Li Qiang was speaking Tuesday at the World Economic Forum in Davos, Switzerland. from Finance https://ift.tt/WovdQ2h via IFTTT

Goldman Sachs is set to report fourth-quarter earnings — here's what the Street expects

Hope is building that Goldman Sachs can turn a corner after pivoting away from CEO David Solomon's failed consumer banking efforts. from Finance https://ift.tt/zLtSXVe via IFTTT

'Very good chance' that U.S. passes stablecoin laws this year, Circle CEO says

Circle CEO Jeremy Allaire said that 2024 is likely the year that the U.S. passes concrete laws for the $135.3 billion stablecoin market. from Finance https://ift.tt/n4cKNAJ via IFTTT

Goldman Sachs says these China stocks can win even if there's a repeat of Japan's lost decades

The China playbook is changing, after decades of rapid growth. from Finance https://ift.tt/XipM1Tb via IFTTT

Why spot ETFs may be a game changer for bitcoin

The SEC's approval of 11 spot bitcoin ETFs this week could be a turning point for cryptocurrency investing. from Finance https://ift.tt/7krO5Zh via IFTTT

BlackRock buys infrastructure investor Global Infrastructure Partners for $12 billion

BlackRock, the world's biggest asset manager, announced Friday it is buying Global Infrastructure Partners for about $12 billion in cash and stock. from Finance https://ift.tt/0KZwfat via IFTTT

JPMorgan Chase is set to report fourth-quarter earnings. Here’s what the Street expects

JPMorgan will be watched closely for clues on how banks fared amid volatile interest rates and rising loan losses. from Finance https://ift.tt/eHsZqpE via IFTTT

China posts higher-than-expected exports growth in December

China's exports beat expectations in December, but failed to offset an overall decline for 2023, customs data showed Friday. from Finance https://ift.tt/8tVmzeP via IFTTT

Coinbase, Robinhood shares rise as bitcoin ETF approval adds credibility to cryptocurrency industry

Shares of Coinbase and Robinhood popped Thursday as traders bet the approval of bitcoin exchange-traded funds in the U.S. would give the companies a boost. from Finance https://ift.tt/6Pd4Z7j via IFTTT

China says the U.S. has 'weaponized' chip export controls

China's Ministry of Commerce said Thursday the U.S. is weaponizing export controls and using them as a tool. from Finance https://ift.tt/qogEf4L via IFTTT

China will make foreign investment easier, vice premier tells foreign executives

Chinese Vice Premier He Lifeng met with global finance executives who make up the securities regulator's international advisory committee, state media said. from Finance https://ift.tt/wUqSAkO via IFTTT

Citigroup at risk of quarterly loss after charges come in far higher than initially disclosed

CEO Jane Fraser faces a key moment this week as Citigroup reports earnings in the middle of restructuring efforts to make the bank leaner and more profitable. from Finance https://ift.tt/qMnS61W via IFTTT

Stocks making the biggest moves midday: Amazon, Lennar, GoodRx, Gilead Sciences and more

These are the stocks posting the largest moves in midday trading. from Finance https://ift.tt/dANSYCD via IFTTT

Stocks making the biggest moves before the bell: Lennar, Etsy, Toast, Coinbase and more

These are the stocks posting the largest moves in premarket trading. from Finance https://ift.tt/uxMpRwk via IFTTT

UAE defies fintech slowdown with a 92% jump in funding — against a global plunge of 48%

Global investment in fintech sank to $51.2 billion in 2023, down 48% from 2022, data from Innovate Finance shows. Despite that, UAE fintech funding soared 92%. from Finance https://ift.tt/WRXbDpM via IFTTT

China investors will be asking these 3 questions in 2024

China's investment story has been overshadowed in the last year by longer-term problems and tensions with the U.S. from Finance https://ift.tt/1bQ0rBJ via IFTTT

Stocks making the biggest moves after hours: Unity Software, Microchip Technology, JetBlue and more

These are the stocks posting the largest moves in postmarket trading. from Finance https://ift.tt/VtkH3MJ via IFTTT

This popular holiday gift often goes unused. Here's how to turn it into cash

Consumers can trade in unused gift cards for money. Here's what to know. from Finance https://ift.tt/dwH2Pin via IFTTT

Stocks making the biggest moves midday: Nvidia, Alaska Airlines, Twilio and more

These are the stocks posting the largest moves in midday trading. from Finance https://ift.tt/PeJzIiW via IFTTT

Stocks making the biggest moves premarket: Boeing, Alaska Air, Spirit AeroSystems, Axonics and more

These are the stocks posting the largest moves in premarket trading. from Finance https://ift.tt/ZpePXAH via IFTTT

Tesla now has a clear China EV competitor. What’s next for BYD?

Nearly 30-year-old BYD may have beat Tesla in total car production in 2023, but it still only has one tenth the market value. from Finance https://ift.tt/TRw8o6x via IFTTT

Coinbase is planning a pivotal acquisition that will allow it to launch crypto derivatives in the EU

Coinbase told CNBC exclusively that it entered into an agreement to buy an unnamed holding company which holds a Mifid II license. from Finance https://ift.tt/xDANIdU via IFTTT

Crypto firms introduce risk assessments and finance tests in response to strict new rules in UK

New rules in the U.K. require crypto companies to make clear to users the risks involved in trading cryptocurrencies and advertise their services responsibly. from Finance https://ift.tt/mQ3CUiv via IFTTT

BYD's five best-selling cars, including one edging out Tesla's Model Y in China

While Tesla's Model Y was the best-selling purely battery-powered car in China for the six months ending in November, BYD accounted for four of the top 10. from Finance https://ift.tt/naySgJR via IFTTT

State-run 'auto-IRA' programs aim to close retirement savings gap

Seven states are enrolling workers in so-called auto-IRA programs to address a gap in 401(k) coverage and savings. More are scheduled to come on line. from Finance https://ift.tt/PMkTRvF via IFTTT

Fat Cat Thursday: UK CEO pay already exceeds average worker salary for the year

By 1 p.m. London time on Thursday, the average FTSE 100 CEO will have earned more this year than the median full-time worker's annual salary. from Finance https://ift.tt/ZLfEPXl via IFTTT

Alibaba was once a Wall Street darling. After plunging 75% over three years, what's next?

It's been a tumultuous 12 months for Alibaba, casting doubt on the future of the tech giant just as artificial intelligence is taking off. from Finance https://ift.tt/C5yr2kH via IFTTT

Market forecaster Jim Bianco sees the 10-year Treasury yield surging to 5.5% – a multi-decade high

It's a level not seen since George W. Bush was president. Bianco Research's Jim Bianco sees the 10-year Treasury yield hitting 5.5% this year. from Finance https://ift.tt/MnkDCYy via IFTTT

Fed officials in December saw rate cuts likely, but path highly uncertain, minutes show

The Federal Reserve on Wednesday released minutes from its Dec. 12-13 policy meeting. from Finance https://ift.tt/03cnPg2 via IFTTT

The Fed is expected to cut interest rates in 2024. Here's how investors can prepare

The U.S. central bank expects to cut rates three times in 2024. Investors can lock in CD rates now, while bonds are poised for a pop. from Finance https://ift.tt/xdG96fI via IFTTT

Stocks making the biggest moves premarket: Bloomin' Brands, Coinbase, SoFi and more

These are the stocks posting the largest moves before the opening bell on Wall Street. from Finance https://ift.tt/umYx7kM via IFTTT

'Big Short' investor Steve Eisman worries 'everybody is coming into the year feeling too good,' sees room for disappointment

Steve Eisman of Neuberger Berman sees little tolerance for things going wrong. He warns the Federal Reserve will likely cut rates fewer times than expected. from Finance https://ift.tt/rECwlQK via IFTTT

Stocks making the biggest moves midday: Moderna, Apple, GoodRx, Coinbase and more

These are the stocks posting the largest moves in midday trading. from Finance https://ift.tt/3GFQl7B via IFTTT

Stocks making the biggest premarket moves: Apple, Tesla, Estee Lauder, Coinbase and more

These are the stocks posting the largest moves in the premarket. from Finance https://ift.tt/CT7KgOU via IFTTT

BYD is set to beat Tesla for a second straight year after producing more than 3 million cars in 2023

In 2022, Tesla produced 1.37 million vehicles, fewer than BYD's 1.88 million. from Finance https://ift.tt/xIgp3tn via IFTTT