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Showing posts from September, 2024

China's stock surge has echoes of the 2015 bubble. What's different this time

The rocket up in Chinese stocks so far looks different from the market bubble in 2015, analysts said. from Finance https://ift.tt/kFd6fB5 via IFTTT

China stocks just had their best day in 16 years, sending related U.S. ETFs soaring

The Shanghai Composite rallied 8.06% in its best day since September 2008. from Finance https://ift.tt/OeXD41m via IFTTT

Stocks making the biggest moves premarket: Nio, Stellantis, MicroStrategy and more

These are the stocks posting the largest moves in premarket trading. from Finance https://ift.tt/z5KeyD9 via IFTTT

Stocks to play the China trade until the latest stimulus package kicks in

Beijing surprised markets last week with a variety of steps designed to boost the economy. from Finance https://ift.tt/30wUMvE via IFTTT

Treasurys on the blockchain: How a new deal could reshape the ETF industry

Blockchain technology and tokenization are starting to challenge the traditional ETF model. from Finance https://ift.tt/bjXE1ye via IFTTT

Why JPMorgan Chase is prepared to sue the U.S. government over Zelle scams

JPMorgan disclosed that the CFPB could punish the lender for its role in Zelle, the giant peer-to-peer digital payments network. from Finance https://ift.tt/MKUv4JV via IFTTT

Stocks making the biggest moves premarket: Bristol-Myers Squibb, Costco, Super Micro Computer and more

These are the stocks posting the largest moves in premarket trading. from Finance https://ift.tt/jYp30k6 via IFTTT

China optimism is surging. Why some investors are cautious

China's latest policy signals have a bigger impact on sentiment than resolving deeper issues such as real estate, analysts said. from Finance https://ift.tt/y4teH69 via IFTTT

OpenAI CFO tells investors funding round should close by next week despite executive departures

OpenAI CFO Sarah Friar is looking to reassure its investors that the company is still in a strong position after losing top talent this week. from Finance https://ift.tt/HXn4ecw via IFTTT

Klarna partners with fellow fintech Adyen to bring buy now, pay later into physical stores

Klarna said Thursday that it had entered into an agreement with Adyen to add its buy now, pay later products to physical payment terminals. from Finance https://ift.tt/56Rtz4b via IFTTT

UniCredit's pursuit of Commerzbank reflects a watershed moment for Europe — and its banking union

European banking's latest takeover battle is widely regarded as a potential turning point for the region — particularly the bloc's incomplete banking union. from Finance https://ift.tt/aKHeRwB via IFTTT

Stocks making the biggest moves after hours: Micron Technology, H.B. Fuller and more

See which stocks are posting big moves after the bell. from Finance https://ift.tt/49slmBz via IFTTT

Caught cold by UniCredit’s swoop on Commerzbank, Germany will want to avoid a national embarrassment

Italy's UniCredit appears to have caught German authorities off guard with a potential multibillion euro merger of Frankfurt-based Commerzbank. from Finance https://ift.tt/QBc5Zfh via IFTTT

China needs more than rate cuts to boost economic growth

More fiscal support is needed, analysts said, after the PBOC surprised markets by announcing plans to cut a number of rates. from Finance https://ift.tt/rOjQRoW via IFTTT

Nvidia shares pop as CEO may be done selling shares after hitting preset plan limit

The 61-year-old executive adopted a trading plan for the sale of up to six million Nvidia shares, and he has hit that threshold months ahead of schedule. from Finance https://ift.tt/QTAXh9C via IFTTT

Commerzbank board member warns of significant job losses with a hostile UniCredit takeover

Commerzbank supervisory board member Stefan Wittmann told CNBC's Annette Weisbach that "we certainly hope we can avoid" a hostile takeover by the Italian bank. from Finance https://ift.tt/xrBFjG0 via IFTTT

China launches probe into Calvin Klein parent over Xinjiang supply chain ‘disruptions’

China's Ministry of Commerce said it was launching a probe into Calvin Klein-parent PVH Group over alleged business disruptions involving Xinjiang. from Finance https://ift.tt/fLEQBn1 via IFTTT

China's central bank chief set to hold press conference days after Fed rate cut

People's Bank of China Governor Pan Gongsheng is set to speak to reporters Tuesday alongside two other financial regulator heads. from Finance https://ift.tt/imcGBhA via IFTTT

Stocks making the biggest moves after hours: Snowflake, GameStop, Deere and more

These are the stocks posting the largest moves in extended trading. from Finance https://ift.tt/qLBZD8V via IFTTT

Value investor Bill Nygren looking outside of crowded megacap tech, adds cheap financial stock

Bill Nygren, portfolio manager at Oakmark Funds for 40 years, said he's picking cheap stocks outside the dominant tech sector. from Finance https://ift.tt/QucMYns via IFTTT

Minneapolis Fed President Kashkari sees a slower pace of rate cuts ahead

Kashkari said Monday that he expects to dial down the pace of interest rate reductions after the central bank eased policy by a half percentage point last week. from Finance https://ift.tt/TuzRPOM via IFTTT

Stocks making the biggest moves premarket: Intel, Pinterest, Palantir and more

These are some of the stocks posting the largest moves in premarket trading Monday. from Finance https://ift.tt/TpkV7RH via IFTTT

China stimulus calls are growing louder — inside and outside the country

The world's second-largest economy has remained under pressure from a real estate slump and tepid consumer confidence. from Finance https://ift.tt/IKtYpNX via IFTTT

This Chinese stock has a big U.S. buyer in consumer tech aimed at the smart glasses market

As the fall consumer tech product season gets underway, smart glasses, many with components made in China, are emerging as an up-and-coming category. from Finance https://ift.tt/iwTadX0 via IFTTT

Billionaires poured millions of dollars into presidential super PACs in August

The latest documents filed with the Federal Election Commission show that investment bankers were some of the biggest GOP donors while tech entrepreneurs donated heavily to Democrats. from Finance https://ift.tt/CbdGea1 via IFTTT

Why this top fund manager says the best investment this year is 'the hedge against political cycles'

The CEO of VanEck breaks down two of this year’s red-hot trades. from Finance https://ift.tt/t21aWwg via IFTTT

American Airlines in talks to pick Citigroup over rival bank Barclays for crucial credit card deal, sources say

American has been working with banks and card networks on a new deal with the aim of consolidating its business with a single issuer, sources tell CNBC. from Finance https://ift.tt/WdMsDnc via IFTTT

Stocks making the biggest moves premarket: FedEx, Chewy, Trump Media and more

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

Huawei's trifold phone is proving popular among Apple iPhone fans in Beijing

Out of 10 people CNBC talked to, eight said they are interested in both the new Huawei and Apple phones. from Finance https://ift.tt/cY4fKnx via IFTTT

Stocks making the biggest moves after hours: Nike, FedEx, Lennar and more

These are the stocks posting the largest moves in extended trading. from Finance https://ift.tt/qsQ748R via IFTTT

Ray Dalio says the Fed faces a tough balancing act as the economy faces 'enormous amount of debt'

On Wednesday, Dalio listed debt, money and the economic cycle as one of the top five forces influencing the global economy. from Finance https://ift.tt/xAbedGM via IFTTT

Fed slashes interest rates by a half point, an aggressive start to its first easing campaign in four years

The Federal Reserve on Wednesday lowered the federal funds rate to a range between 4.75%-5%. from Finance https://ift.tt/YiTGR16 via IFTTT

Point72's Steve Cohen is stepping back from trading his own book

The prominent hedge fund investor, who also owns the New York Mets, will continue his role as the co-chief investment officer at Point72. from Finance https://ift.tt/Rz4iyhI via IFTTT

Apple is in talks with JPMorgan for bank to take over card from Goldman Sachs

While the talks are early and could falter, the move could mean that the country's largest credit card issuer may be about to grow even larger. from Finance https://ift.tt/aWKob9V via IFTTT

How to invest for the next decade with New York Life's Lauren Goodwin from Future Proof 2024

With interest rates likely to remain volatile, here is where New York Life's Lauren Goodwin sees opportunities. from Finance https://ift.tt/q03oRl8 via IFTTT

FDIC unveils rule forcing banks to keep fintech customer data in aftermath of Synapse debacle

The rule, aimed at accounts opened by fintech firms that partner with banks, makes the institution maintain records of who owns the account and daily balances. from Finance https://ift.tt/sgXwoTP via IFTTT

Stocks making the biggest moves premarket: Microsoft, Intel, Shopify and more

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

This is the 'billion-dollar blind spot' of 401(k)-to-IRA rollovers, Vanguard finds

Many investors are unaware their rollover from a workplace retirement plan to an individual retirement account sits in cash as a default. from Finance https://ift.tt/2HR5WyN via IFTTT

Stocks making the biggest moves midday: Nuvalent, Alcoa, Sprouts Farmers Market, Apple and more

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

Stocks making the biggest moves before the bell: Apple, Intel, Alcoa, Micron Technology and more

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

China's local government debt problems are a hidden drag on economic growth

China's persistent consumption slowdown traces back to the country's real estate slump, and its deep ties to local government finances — and debt. from Finance https://ift.tt/eQXdura via IFTTT

A Fed rate cut may lend a helping hand to Chinese stocks. Or not.

The U.S. Federal Reserve is widely expected to start easing back on borrowing policy this week, giving China's central bank its own room to act. from Finance https://ift.tt/iEfkpxP via IFTTT

China’s retail sales and industrial data miss expectations in August

Growth in the world's second-largest economy has slowed after a disappointing recovery from Covid-19. from Finance https://ift.tt/ncmwEyU via IFTTT

Stocks often drop in September — but many investors shouldn’t care

September is historically the worst month for the stocks of large U.S. companies. But that doesn't mean investors should sell out of the market. from Finance https://ift.tt/qrQmwVt via IFTTT

Harris' rise in polls sparks wave of wealth transfers to kids

Currently, individuals can send up to $13.61 million (and up to $27.22 million for couples) to beneficiaries without owing estate or gift taxes. from Finance https://ift.tt/V2mDM0L via IFTTT

Federal Reserve will opt for slow policy easing as there's 'still work to do' on inflation, Fitch says

Fitch also gave some predictions on Asian central banks, such as the People's Bank of China and the Bank of Japan from Finance https://ift.tt/Uzc4fCH via IFTTT

China's plan to boost consumption by encouraging trade-ins has yet to show results

Several major cities and provinces have only in the last few weeks announced details on how the trade-in program would work for residents. from Finance https://ift.tt/mPluhsc via IFTTT

Stocks making the biggest moves after hours: Adobe, RH, Oracle and more

These are the stocks posting the largest moves in extended trading. from Finance https://ift.tt/IETCb4N via IFTTT

Stocks making the biggest moves premarket: Moderna, Alaska Air, Oxford Industries and more

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

Dutch neobank Bunq goes on hiring spree, targeting digital nomads, as other fintechs slash jobs

Bunq, the Dutch digital bank, told CNBC it plans to increase its global headcount by over 70% in 2024. from Finance https://ift.tt/pNXhl3R via IFTTT

Using ETFs to capture momentum during the market's wild swings

September's seasonal volatility could challenge the Big Tech trade, but one low-volatility ETF is still betting big on it. from Finance https://ift.tt/IiVdzv7 via IFTTT

Berkshire unloads another chunk of Bank of America as CEO Moynihan lauds Buffett as great shareholder

Since mid-July, Berkshire Hathaway has sold more than 174.7 million shares of the Charlotte-based bank for $7.2 billion. from Finance https://ift.tt/e0vZsL8 via IFTTT

Here's why September and October are historically weak for stocks

'The most intense panics on Wall Street have tended to occur during the late summer and early autumn months,' an advisor and author says. from Finance https://ift.tt/qFY3wC7 via IFTTT

China's AI models lag their U.S. counterparts by 6 to 9 months, says former head of Google China

Chinese artificial intelligence models may be at least half a year behind those made in the U.S., said Kai-Fu Lee, former head of Google China. from Finance https://ift.tt/dKiOI47 via IFTTT

Stocks making the biggest moves after hours: Petco, Dave & Buster's, Morgan Stanley and more

See which stocks are posting big moves after the bell. from Finance https://ift.tt/ej5dNnS via IFTTT

Federal Reserve unveils toned-down banking regulations in victory for Wall Street

Bank CEOs led by JPMorgan Chase CEO Jamie Dimon have lambasted the proposed Basel Endgame regulation since it was unveiled last year. from Finance https://ift.tt/s8Qy3bI via IFTTT

Stocks making the biggest moves before the open: Apple, Oracle, Boot Barn, Mission Produce and more

These are some of the stocks posting the largest moves in premarket trading. from Finance https://ift.tt/yM3ZKf9 via IFTTT

Britain does a bad job at keeping globally relevant tech firms, former Arm CEO says

Warren East, who led Arm between 1994 and 2013, said that too often tech firms in Britain move their operations overseas or list elsewhere abroad. from Finance https://ift.tt/XrG70vx via IFTTT

Goldman Sachs to post $400 million hit to third-quarter results as it unwinds consumer business

In late 2022, Goldman Sachs began to pivot away from its consumer operations, beginning a series of write-downs related to selling chunks of the business. from Finance https://ift.tt/kIZE1gy via IFTTT

Stocks making the biggest premarket moves: Boeing, Dell, Merck and more

These are the stocks posting the largest moves in the premarket. from Finance https://ift.tt/5dZqkv1 via IFTTT

Jumbo 50 basis points Fed rate cut should not raise alarm, analyst says

The U.S. Federal Reserve can afford to make a jumbo 50 basis points rate cut next week without spooking markets, an analyst suggested Monday. from Finance https://ift.tt/VuUes7Z via IFTTT

Huawei's tri-fold phone gets 2.7 million pre-orders ahead of Apple's iPhone 16 launch

Huawei has received more than 2.7 million pre-orders for its new, tri-fold smartphone, according to its website Monday. from Finance https://ift.tt/iFVkvdg via IFTTT

China's CPI climbs 0.6% in August, missing expectations as transport, home goods prices fall

China on Monday reported its consumer price index rose by 0.6% year on year in August, missing expectations. from Finance https://ift.tt/dTG4Eob via IFTTT

Why the father of 'life planning' says you're managing money the wrong way

George Kinder, recognized as the founder of financial life planning, thinks consumers are shortchanging themselves by putting off goals until retirement age. from Finance https://ift.tt/P8h5OUD via IFTTT

JPMorgan downgrades its opinion on China, but still likes these individual stocks

As the summer holidays end, investors in China are coming to accept that consumption and growth will remain sluggish for a while. from Finance https://ift.tt/SO6NktB via IFTTT

ETFs are on pace to break record annual inflows, but this wild card could change it all

ETF inflows could rise as investors begin to search for other opportunities outside of money market funds. from Finance https://ift.tt/adgX0hT via IFTTT

3 ways Wall Street's largest banks are leveraging AI to increase profitability

Top finance leaders are becoming convinced that the tech will transform their businesses. from Finance https://ift.tt/tGUocv7 via IFTTT

U.S. job market slows, but it's not yet a 'three-alarm fire,' economist says

The labor market has shown unambiguous signs of cooling, economists said. Recession could follow if the trajectory continues. from Finance https://ift.tt/yMtaXIl via IFTTT

China should focus on fighting deflationary pressure, former central bank governor says

China's policymakers need to focus on boosting domestic demand, Yi Gang, former head of the People's Bank of China, said Friday at the Bund Summit in Shanghai. from Finance https://ift.tt/8uzgAxN via IFTTT

7-Eleven's parent company rejects takeover proposal, says offer 'grossly undervalues' company

Even if the offer was raised "very significantly," Seven & i said the bid does not consider the "multiple and significant challenges" it would face. from Finance https://ift.tt/WVd4L0G via IFTTT

China's wealthy are increasingly looking overseas for business investment opportunities

China's wealthy want to pursue business opportunities abroad, rather than just investment returns, according to asset managers and consultants. from Finance https://ift.tt/RMznhXv via IFTTT

Stocks making the biggest moves after hours: Broadcom, DocuSign, UiPath and more

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

Stocks making the biggest moves midday: JetBlue, Hewlett Packard Enterprise, Tesla, G-III Apparel and more

These are some of the stocks posting the largest moves in midday trading Thursday. from Finance https://ift.tt/gT0vFt5 via IFTTT

Stocks making the biggest moves premarket: C3.ai, Tesla, JetBlue and more

These are the stocks posting the largest moves in premarket trading. from Finance https://ift.tt/MYgV1uw via IFTTT

Visa debuts a new product designed to protect consumers making bank transfers

Visa said it plans to launch a dedicated service for bank transfers, skipping credit cards and the traditional direct debit process. from Finance https://ift.tt/784DjPH via IFTTT

Cramer names the No. 1 underappreciated megacap to buy in the recent tech stock sell-off

Microsoft's gen AI prospects are impressive, but the stock has more to offer investors than just the new tech. from Finance https://ift.tt/XgeQaHb via IFTTT

Stocks making the biggest moves premarket: Nvidia, GitLab, Sweetgreen, Dollar Tree and more

These are the stocks posting the largest moves in premarket trading. from Finance https://ift.tt/1SpRDUa via IFTTT

Robinhood lets Brits lend shares for extra income in bid to grow international footprint

Robinhood on Wednesday launched a new feature in the U.K. allowing users to lend out any stocks they own outright in their portfolio to interested borrowers. from Finance https://ift.tt/XIrDnPU via IFTTT

Asian chip stocks fall after Nvidia sell-off on Wall Street overnight

In the U.S., chipmaker Nvidia plunged more than 9% in regular trading, leading semiconductor stocks lower amid a sell-off on Wall Street. from Finance https://ift.tt/pbhByZY via IFTTT

Chase Bank says it is aware of viral 'glitch' inviting people to commit check fraud

In a statement, the bank said that depositing a fraudulent check is still fraud, “plain and simple.” from Finance https://ift.tt/2queM5H via IFTTT

Stocks making the biggest moves midday: Cleanspark, Vaxcyte, Unity Software and more

These are the stocks posting the largest moves in midday trading. from Finance https://ift.tt/svqkaH0 via IFTTT

Stocks making the biggest moves premarket: United States Steel, Unity Software, Boeing and more

These are the stocks posting the largest moves in premarket trading. from Finance https://ift.tt/u0vFgqM via IFTTT

Klarna rival Zilch posts first profit and appoints ex-Aviva CEO to board ahead of IPO

Philip Belamant, Zilch's CEO, told CNBC the firm was able to hit profitability by growing rather than cutting back like other fintechs have done. from Finance https://ift.tt/pRtv5Cr via IFTTT

China's property woes and U.S. sanctions have hit some cities hard

Hangzhou, capital of the eastern Zhejiang province and home to Alibaba and other tech companies, ranked first in this year's rankings. from Finance https://ift.tt/TfxPCsc via IFTTT

American demand for international trips drives 'travel momentum' and overall spending

Americans' spending on international trips has underpinned overall travel strength. from Finance https://ift.tt/h8MiBFK via IFTTT

Is the Fed 'sleepwalking into a policy mistake?': Abrdn analyst calls for faster easing of rates

Is the economy already weaker than the headline data suggests and should the U.S. Federal Reserve already be easing? Akintewe questioned on "Squawk Box Asia." from Finance https://ift.tt/5SaPyTb via IFTTT

China's first global gaming hit sells millions in a week. An early investor shares what's next

China's first attempt at a top-tier video game has smashed world records, bolstering the industry's global ambitions after Beijing's gaming crackdown. from Finance https://ift.tt/Vm2XBCf via IFTTT

PDD just gave markets the latest warning on China's consumer. Where investors are looking instead

PDD's tumble last week on disappointing earnings is a reminder that China's consumer has moved on from its years of double-digit growth. from Finance https://ift.tt/LuFWeZi via IFTTT