Analysts predict possible 50 bps rate cut by Fed next week, with divided opinions.
From CNBC: 2024-09-09 08:31:54 Analysts predict Federal Reserve may make a 50 basis point rate cut next week without alarming
Category: Finance
Huawei's tri-fold phone receives 2.7 million pre-orders; Apple loses market share in China.
From CNBC: 2024-09-08 23:29:33 Huawei plans to release a tri-fold smartphone on Sept. 10, following Apple’s iPhone 16 launch. The
China's CPI rose by 0.6% in August, missing expectations, with food prices increasing.
From CNBC: 2024-09-08 21:59:24 Vegetable prices in China have surged due to high temperatures and frequent rainfall this summer. China’s
Summary: George Kinder advocates for aligning financial goals with personal objectives to achieve fulfillment
From CNBC: 2024-09-08 09:30:01 George Kinder, founder of the Kinder Institute of Life Planning, believes financial planning should lead to
ETF inflows are reaching record highs, with potential for further increase due to money market funds.
From CNBC: 2024-09-07 11:00:01 In 2024, exchange-traded fund inflows hit a record high, reaching historic levels in July. Experts anticipate
Wall Street banks are using AI to increase profits through virtual assistants and partnerships
From CNBC: 2024-09-07 10:03:23 Big banks, including Goldman Sachs, Bank of America, and JPMorgan Chase, are ramping up their AI
U.S. job market cooling with declining job growth and rising unemployment
From NBCUniversal: 2024-09-06 14:00:07 The U.S. job market is cooling, causing concern among economists regarding key labor-market metrics like unemployment,
China should focus on boosting domestic demand and fighting deflationary pressure in face of low consumer prices
From CNBC: 2024-09-06 02:59:16 Yi Gang, former Governor of the People’s Bank of China, emphasizes the need for China’s policymakers
7-Eleven's parent company rejects takeover bid from Alimentation Couche-Tard
From CNBC: 2024-09-06 00:02:27 Canadian convenience store operator Alimentation Couche-Tard Inc. proposed to acquire Seven & i Holdings Co., which
Chinese wealthy individuals are investing overseas, driving a 16.2% increase in non-financial direct investments
From CNBC: 2024-09-05 21:06:58 C-suite executives in China are turning to business jets, opening new service centers like ExecuJet Haite
JPMorgan economist recommends Fed to cut rates by half point in September
From CNBC: 2024-09-05 13:14:57 JP Morgan’s Michael Feroli recommends a 50 basis point interest rate cut by the Fed in
Summary: High earners can use nondeductible IRA contributions to make backdoor Roth IRA contributions. Neutral
From CNBC: 2024-09-05 12:53:33 High earners face phase-out limits for IRA contributions and deductibility. For 2024, annual contributions are capped
Visa is launching pay-by-bank payments in Europe, aiming to modernize payment methods
From CNBC: 2024-09-05 04:38:03 Visa plans to launch a new service for bank transfers next year in Europe, allowing users
Microsoft named top underappreciated megacap to buy due to promising AI prospects and growth potential
From NBCUniversal: 2024-09-04 15:42:03 Microsoft’s generative artificial intelligence prospects are promising, but the stock offers more to investors beyond the
Robinhood launches stock lending program in the UK, aiming to expand internationally.
From CNBC: 2024-09-04 03:58:15 Robinhood launches share lending program in the U.K., allowing consumers to earn passive income by lending
Asian chip stocks fall due to Nvidia's decline in U.S., impacting suppliers and wider market
From CNBC: 2024-09-03 21:39:34 Asian semiconductor and related stocks are down following Nvidia’s sharp decline in the U.S. Nvidia tumbled
Zilch reports first profit quickly, appoints ex-Aviva CEO, plans public listing
From CNBC: 2024-09-03 06:29:58 British fintech firm Zilch reported its first profitable month, reaching this milestone faster than some competitors
Uneven impact of China's property issues and U.S. sanctions on cities
From CNBC: 2024-09-03 03:18:58 China’s property troubles and U.S. sanctions have impacted cities unevenly, as shown in Milken Institute’s China
Increasing demand for international travel driving higher spending levels post-pandemic
From CNBC: 2024-09-02 10:00:01 American households are spending more on travel than pre-pandemic levels, with a focus on international trips,
Abrdn warns of potential economic slowdown and calls for faster rate cuts by the Fed
From CNBC: 2024-09-02 05:20:50 British fund manager abrdn predicts a soft U.S. economy landing in 2025, but warns of a
China's Hero Games experiences success with hit game Black Myth: Wukong, showcasing China's gaming potential
From CNBC: 2024-09-01 20:42:25 China’s ‘Black Myth: Wukong’ video game has soared in global popularity, selling over 10 million copies
Warren Buffett celebrates 94th birthday as Berkshire Hathaway hits $1 trillion market cap
From CNBC: 2024-08-30 09:24:26 Warren Buffett celebrated his 94th birthday as Berkshire Hathaway hit a milestone with a $1 trillion
Dollar General shares plummet 20% after cutting sales and profit guidance
From CNBC: 2024-08-29 07:42:35 Dollar General’s shares dropped 20% after cutting sales and profit guidance due to struggling lower-income customers
Chinese electric car companies are focusing on producing in-house chips to compete with Nvidia
From CNBC: 2024-08-28 23:01:06 At Nio’s tech day in Shanghai, VP Shaoqing Ren reveals the company’s 5nm chip for autonomous