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Showing posts from June, 2024

Morgan Stanley says this is the stock to play China's EV industry consolidation

The firm has resumed coverage of a Chinese automaker with an overweight rating on expectations it can weather macro and industry uncertainties. from Finance https://ift.tt/wfmBFxi via IFTTT

Growth, value stocks could see boost from Russell rebalancing

This key market event could help boost growth and value stocks. Here’s why. from Finance https://ift.tt/u9pnmrj via IFTTT

JPMorgan and Morgan Stanley boost buybacks and dividends, while Citigroup and BofA take smaller steps

The big banks announced their plans to boost capital return to shareholders after passing the annual stress test administered by the Federal Reserve this week. from Finance https://ift.tt/35uV1rT via IFTTT

Apple's Vision Pro starts deliveries at a higher price in China than in the U.S.

Apple's mixed-reality headset began deliveries in China on Friday with a retail price 18% higher than in the U.S.  from Finance https://ift.tt/vgi1Qx0 via IFTTT

Chinese smartphone maker Honor says AI's power is 'worthless' without data privacy

The transforming power of artificial intelligence is of no value unless user data is protected, says the CEO of Chinese smartphone company Honor, George Zhao. from Finance https://ift.tt/qaVWJ2G via IFTTT

IMF says Fed should hold interest rates where they are until 'at least' end of year

IMF managing director Kristalina Georgieva said Thursday that the Federal Reserve should hold off on rate cuts until 'at least' the second half of the year. from Finance https://ift.tt/iCh3nfk via IFTTT

Chewy stock jumps after trader Roaring Kitty posts picture of cartoon dog

Shares of the online pet food retailer popped on Thursday after meme stock leader Roaring Kitty posted a picture on social media platform X resembling its logo. from Finance https://ift.tt/1CzBtQY via IFTTT

Supreme Court curbs SEC powers to enforce securities laws

The case is one of several on the docket in which the conservative majority court is weighing business-backed efforts to curb the power of federal agencies. from Finance https://ift.tt/tEhRfvm via IFTTT

JPMorgan Chase says its stress test losses should be higher than what the Fed disclosed

Last year, Bank of America and Citigroup made similar disclosures, saying that estimates of their own future income differed from the Fed's results. from Finance https://ift.tt/T3MAtCD via IFTTT

Federal Reserve says all 31 banks in annual stress test withstood a severe hypothetical downturn

This year's stress test included JPMorgan Chase and Goldman Sachs, credit card companies including American Express and regional lenders like Truist. from Finance https://ift.tt/1VkB7h6 via IFTTT

Your 401(k) is up, and a new report shows increased savings. But Americans need to do more

Returns are up and people are saving more. But account balances for the median 401(k) are too low and Americans are still very reliant on Social Security. from Finance https://ift.tt/Uwx2HC0 via IFTTT

Europe is at risk of over-restricting AI and falling behind U.S. and China, Dutch prince says  

Prince Constantijn of the Netherlands told CNBC Europe risks limiting its role in artificial intelligence to being a regulator, rather than an innovator. from Finance https://ift.tt/vTz4W7h via IFTTT

The yuan's status as a global currency might be gaining ground. But top CEOs see more hurdles to clear

For China's yuan to be used more globally, the currency needs more "applications" such as stocks and bonds, said Bonnie Chan, CEO of the Hong Kong exchange. from Finance https://ift.tt/G7XzqnK via IFTTT

Stocks making the biggest moves midday: SolarEdge Technologies, Pool Corp., Carnival and more

These are the stocks posting the largest moves in midday trading. from Finance https://ift.tt/qPA0kB6 via IFTTT

Fewer Americans are buying life insurance. Here's when you might need it

Fewer Americans have bought life insurance in recent decades. That may put some households at financial risk. from Finance https://ift.tt/8xSEmUG via IFTTT

Cisco is 'very optimistic' about its expanding business with China EVs

Cisco is "very optimistic" about its growing business with Chinese electric car companies as they expand overseas, Cisco's Greater China head Ming Wong told CNBC. from Finance https://ift.tt/2YyIFWG via IFTTT

Stocks making the biggest moves midday: ResMed, Affirm, Nvidia, Anheuser-Busch and more

These are the stocks posting the largest moves midday. from Finance https://ift.tt/7FuWioy via IFTTT

Stocks making the biggest moves before the bell: Nvidia, Ferrari, Planet Fitness, Cinemark and more

These are the stocks posting the largest moves in premarket trading. from Finance https://ift.tt/4NbnfEh via IFTTT

China growth worries have hit a big alcohol stock. Why some analysts see a buy opportunity

Prices of a prestigious Chinese alcohol brand are falling, stoking worries about economic growth. from Finance https://ift.tt/EfDKIHF via IFTTT

Nearly $109 million in deposits held for fintech Yotta’s customers vanished in Synapse collapse, bank says

Despite mounting pressure to unfreeze all locked bank accounts in the Synapse collapse, messy records have created uncertainty over when that will happen. from Finance https://ift.tt/VgSOpko via IFTTT

Stocks making the biggest moves premarket: Gilead Sciences, Sarepta Therapeutics, Nike and more

These are the stocks posting the largest moves in premarket trading. from Finance https://ift.tt/BuQ0hy5 via IFTTT

China has spent at least $230 billion to build its EV industry, new study finds

China spent $230.8 billion over more than a decade to develop its electric car industry, according to the Center for Strategic and International Studies. from Finance https://ift.tt/lcQvC1P via IFTTT

China talks up support for IPOs. Investors are watching the speed of approval

Chinese authorities this week announced new policy for supporting venture capital, raising hopes for faster approvals of initial public offerings. from Finance https://ift.tt/f5ncPrg via IFTTT

Stocks making the biggest moves midday: Gilead Sciences, Accenture, Trump Media, AMD and more

These are the stocks posting the largest moves midday. from Finance https://ift.tt/M9NiJ15 via IFTTT

More states expected to roll out Inflation Reduction Act energy-efficiency rebates this summer

New York was the first state to launch a consumer rebate program created by the Inflation Reduction Act. from Finance https://ift.tt/3kDcWlm via IFTTT

Stocks making the biggest moves premarket: Nvidia, Trump Media, Accenture and more

These are the stocks posting the largest moves in early trading. from Finance https://ift.tt/X6c4EhR via IFTTT

Fitch pushes back China rate cut expectations to next year as Fed holds interest rates steady

Fitch now forecasts China will keep its one-year medium-term lending facility (MLF) unchanged this year at 2.5%, and cut it to 2.25% next year. from Finance https://ift.tt/OJ75TDS via IFTTT

Klarna rival Zilch raises $125 million with aim to triple sales and accelerate path to IPO

British fintech firm Zilch says it's raised $125 million in debt from Deutsche Bank to help it further its path toward an eventual initial public offering. from Finance https://ift.tt/Om2gukR via IFTTT

Google's Android apps are coming in 3D via Xreal as competition with Apple's Vision Pro heats up

Games and movies on Google Play Store apps can now be viewed in 3D via a new Android mobile device from augmented reality glasses maker Xreal, the startup said. from Finance https://ift.tt/5yRI8bG via IFTTT

Warren Buffett buys Occidental shares for 9 straight days, pushes his stake to nearly 29%

The Omaha, Nebraska-based conglomerate purchased Occidental shares every trading day from June 5 to Monday. from Finance https://ift.tt/Y52sCW1 via IFTTT

Stocks making the biggest moves premarket: La-Z-Boy, NextEra Energy, Kroger, Lennar and more

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

Sen. Warren warns Powell against weakening banking regulations: ‘Do your job’

Bank CEOs have said the Basel III Endgame capital increases are unnecessarily aggressive and would force the industry to curtail lending. from Finance https://ift.tt/KV3AoiI via IFTTT

Stocks making the biggest moves midday: Autodesk, Broadcom, AMC Networks, Virgin Galactic and more

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

Warren Buffett’s Berkshire Hathaway trims its stake in Chinese EV maker BYD to 6.9%

Warren Buffett's conglomerate has sold an additional 1.3 million Hong Kong-listed shares of BYD for $39.8 million, according to a filing. from Finance https://ift.tt/H7BP0Ct via IFTTT

Stocks making the biggest moves premarket: Best Buy, Toll Brothers, Autodesk and more

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

Activist Starboard amasses Autodesk stake, weighs suit over delayed probe disclosure

Autodesk has been under deep scrutiny over an accounting scandal that led to the resignation of its CFO over potentially inflated financial metrics. from Finance https://ift.tt/aKrsC6T via IFTTT

Investors may be looking at commercial real estate risk all wrong and missing these opportunities

Investors are avoiding bank stocks with high concentrations of commercial real estate. But they may also miss banks that have other risky loans. from Finance https://ift.tt/oIuLJVs via IFTTT

This ETF strategy may help investors skirt market concentration risk

A top exchange-traded fund provider is screening diversified value stocks for long-term gains. from Finance https://ift.tt/BIR3pfD via IFTTT

Stocks making the biggest moves midday: Adobe, RH, Hasbro and more

These are the stocks posting the largest moves in midday trading. from Finance https://ift.tt/MEpH76z via IFTTT

Stocks making the biggest moves premarket: Adobe, Hasbro, GameStop and more

These are the stocks posting the largest moves in premarket trading. from Finance https://ift.tt/JGR2aM4 via IFTTT

This fintech configures expense cards to block misuse — and investors just backed it with millions

Irish fintech CleverCards uses a digital platform linked to configurable expense cards to give companies control over how employees use their corporate cards. from Finance https://ift.tt/SQfsrOT via IFTTT

Roaring Kitty's GameStop stake grows to 9 million shares after selling his big options position

Keith Gill posted a new screenshot of his E-Trade portfolio after the bell Thursday showing that he is now holding more than 9 million GameStop shares. from Finance https://ift.tt/qQd3vlE via IFTTT

GameStop tanks with huge volume in the call options owned by ‘Roaring Kitty’

The sell-off in GameStop shares intensified in afternoon trading, coinciding with a spike in trading volume in the call options that "Roaring Kitty" owned. from Finance https://ift.tt/04fmOhj via IFTTT

Fed holds rates steady, indicates only one cut coming this year

The Federal Reserve on Wednesday released its decision on interest rates following this week's policy meeting. from Finance https://ift.tt/Aq0SVrj via IFTTT

Stocks making the biggest premarket moves: Oracle, Paramount, Birkenstock, Rentokil Initial and more

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

GameStop raises more than $2 billion by selling 75 million shares, capitalizing on meme frenzy

The retailer announced it completed an at-the-market equity offering, selling the maximum number of 75 million shares to raise proceeds of $2.14 billion. from Finance https://ift.tt/8lztLoP via IFTTT

More than $1 billion in EV tax credits issued upfront to buyers, Treasury and IRS say

Federal officials said the Biden administration hit a key milestone in its push to make it easier for consumers to buy an electric vehicle. from Finance https://ift.tt/wka42oN via IFTTT

Stocks making the biggest moves after hours: Oracle, Rentokil, Rubrik and more

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

Stocks making the biggest moves midday: Affirm, General Motors, Apple and more

These are the stocks posting the largest moves in midday trading. from Finance https://ift.tt/S2vacZL via IFTTT

Affirm buy now, pay later loans will be embedded into Apple Pay later this year

Affirm will surface as an option for U.S. Apple Pay users on iPhones and iPads later this year. from Finance https://ift.tt/Dxvq31W via IFTTT

Stocks making the biggest moves premarket: Eli Lilly, General Motors, Shopify

These are the stocks posting the largest moves in premarket trading. from Finance https://ift.tt/Bsj0m38 via IFTTT

Home equity is near a record high. Tapping it may be tricky due to high interest rate

Consumers are sitting on ample housing wealth. High interest rates make it difficult to access. from Finance https://ift.tt/NCRfSuA via IFTTT

Stocks making the biggest moves midday: Southwest Airlines, GameStop, Advanced Micro Devices and more

These are the stocks posting the largest moves in midday trading. from Finance https://ift.tt/0Ddixbj via IFTTT

Stocks making the biggest moves premarket: DraftKings, Carvana, Southwest Airlines, Planet Fitness and more

These are the stocks posting the largest moves in premarket trading. from Finance https://ift.tt/4APLQJD via IFTTT

Buying a house of ‘Home Alone’ or John Lennon fame? There's a premium for that

A number of famous homes are for sale. Luxury real estate agents say sellers typically fetch a premium for that cachet. from Finance https://ift.tt/9Ho3ZGX via IFTTT

China's consumers are spending on experiences. Travel stocks to watch

The tourism industry's growth, despite a more sluggish macro backdrop in China, is similar to what happened in the U.S. after the pandemic. from Finance https://ift.tt/luI6apn via IFTTT

Retail investors may be a step closer to investing in unicorns

Forge Global CEO Kelly Rodriques wants to revolutionize private equity investing to help mitigate a stalling IPO market. from Finance https://ift.tt/mvwQysz via IFTTT

Synapse bankruptcy trustee says $85 million of customer savings is missing in fintech meltdown

The missing funds explain what is at the heart of the worst meltdown in the U.S. fintech sector since its emergence after the 2008 financial crisis. from Finance https://ift.tt/8S39aiV via IFTTT

Chinese electric car company Nio to enter Middle East this year amid global expansion by peers

Chinese EV company Nio plans to expand to the Middle East this year, and begin delivering vehicles under a third brand in the first half of next year. from Finance https://ift.tt/VGRAsPp via IFTTT

China's Alibaba is courting European and U.S. small businesses as it goes global

Chinese e-commerce giant Alibaba is ramping up its global expansion with new services aimed at attracting small businesses in the U.S. and Europe. from Finance https://ift.tt/Lnjy0Ru via IFTTT

Stocks making the biggest moves after hours: Vail Resorts, DocuSign, Samsara, Braze and more

These are the stocks posting the largest moves in extended trading. from Finance https://ift.tt/w7veJcq via IFTTT

The low-end consumer 'is really being stretched,' says Five Below CEO

U.S. consumers may still be feeling the effects of inflation for quite some time, according to Five Below CEO Joel Anderson. from Finance https://ift.tt/i5o7BA1 via IFTTT

Stocks making the biggest moves before the bell: Robinhood, Nvidia, Lululemon, Five Below and more

These are the stocks posting the largest moves in premarket trading. from Finance https://ift.tt/Jwf8ink via IFTTT

Salesforce to open new AI center in London as part of $4 billion UK investment

Enterprise tech giant Salesforce is opening an artificial intelligence center in London, making a bullish bet on the U.K. as a global technology hub. from Finance https://ift.tt/O9eoDSh via IFTTT

Payhawk, a $1 billion corporate card startup, plans M&A shopping spree to boost its U.S. footprint

Bulgarian-founded corporate card startup Payhawk said it is targeting acquisitions to help it grow its footprint in the U.S. from Finance https://ift.tt/cLMEdh7 via IFTTT

Stocks making the biggest moves after hours: Lululemon, Five Below, Sprinklr and more

See which stocks are posting big moves after the bell. from Finance https://ift.tt/iVN7eCw via IFTTT

Fintech firm Nium cuts valuation by 30% in new funding round, eyes 2025 IPO

Despite the lower valuation, Nium is confident it can go public in the next 18 months and is eyeing late 2025 for its stock market debut. from Finance https://ift.tt/z1h68wv via IFTTT

The best banks in the Asia-Pacific region, according to customers

The report is the first of its kind between CNBC and market research firm Statista, which surveyed 22,000 individuals with a checking or savings account in 14 major economies. from Finance https://ift.tt/CyB6Y2m via IFTTT

How to make $100 each day online, free of charge.

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There are a great deal of ways to get some extra income by utilising the web. Two or three strategies are more quick than others; however, all of them could truly assist you with obtaining an extra $100 every day. Coming up next are several contemplations to get you going:One choice is to begin a blog. While this will require a venture and work to set up, when you get going, it will be an overall basic technique for getting some extra money. Whenever you have encouraged a following, you can adjust your blog through advancements, sponsorships, or part-showcasing. Another choice is to join an online business that assists individuals who need organisation with master focus. These stages are, by and large, a cut of any income; however, on the off chance that you can totally finish two or three errands consistently, you might in any case wind up making an extra $100 or more. Make sure to carefully examine the arrangements at each stage before you join.There are various substitute approaches...

Stocks making the biggest moves after hours: CrowdStrike, Hewlett Packard Enterprise and more

These are the stocks posting the largest moves in extended trading. from Finance https://ift.tt/cEmF2lQ via IFTTT

Stocks making the biggest moves premarket: Intel, GameStop, Bath & Body Works and more

These are the stocks posting the largest moves in premarket trading. from Finance https://ift.tt/gYwLiz3 via IFTTT

E-Trade is debating whether to ban meme stock star Keith Gill from its platform, the WSJ reports

E-Trade is having internal talks about whether to ban Keith Gill from the trading platform over concerns of potential market manipulation, the WSJ said Monday. from Finance https://ift.tt/ZFkYWzC via IFTTT

5 ways to maximize your vacation days

American workers have less paid time off than those in many other countries, and tend not to use all their vacation days. from Finance https://ift.tt/3sKaOJz via IFTTT

Waste Management to acquire Stericycle in $7.2 billion deal

The companies said the deal is expected to close as early as the fourth quarter of 2024. from Finance https://ift.tt/NDFedGq via IFTTT

Bunq, the $1.8 billion European neobank, hopes to secure license for UK expansion this year

"I hope we'll get somewhere by the end of the year, maybe early next year," Ali Niknam, Bunq's CEO and founder, told CNBC at the Viva Tech conference in Paris. from Finance https://ift.tt/QFbrpfi via IFTTT

GameStop shares surge as ‘Roaring Kitty’ trader posts account showing $116 million position

Meme stock GameStop saw another speculative pop in overnight trading as speculation grew that Keith Gill could have a huge position in the video game retailer. from Finance https://ift.tt/Ax2MPp0 via IFTTT

‘No quid pro quo’ between Trump and oil execs at Mar-a-Lago, Gov. Burgum says

Gov. Doug Burgum is denying reports that former President Trump told oil executives he’d reduce regulations if they helped him raise money to get elected. from Finance https://ift.tt/9TU8MAE via IFTTT

China’s growing e-commerce market is creating a new set of winners

Online shopping in China is widely expected to grow. It's less clear how much longtime players such as Alibaba and JD.com will benefit. from Finance https://ift.tt/sNPjGMR via IFTTT

The SEC ruling on Ethereum ETFs could mark a historic shift in crypto investing

The VanEck CEO digs into the preliminary approval of his firm's Ethereum ETF and what the decision means for crypto investors. from Finance https://ift.tt/Zoym3f0 via IFTTT

Italy is bracing for a record wave of tourists, but is having trouble handling them

Being a tourist in Italy is turning into a full-time job. from Finance https://ift.tt/oNjfV1D via IFTTT

Savings app CEO says 85,000 accounts locked in fintech meltdown: ‘We never imagined a scenario like this’

The ongoing Synapse bankruptcy mess has exposed the risks in a corner of fintech that grew in prominence during a boom in venture investment. from Finance https://ift.tt/tZnkrAc via IFTTT