Month: July 2024
Samsung launches the Galaxy Ring — a first-of-its-kind product for the tech giant
The Samsung Galaxy Ring has the ability to track various health metrics such as heart rate. It is Samsung’s first foray into the smart ring category of product as it hopes to keep users locked into its ecosystem of devices from smartwatches to smartphones. Arjun Kharpal | CNBC PARIS — Samsung launched the Galaxy Ring […]
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The Fed may soon cut interest rates. That could make your next trip abroad more expensive
SeongJoon Cho/Bloomberg via Getty Images The U.S. Federal Reserve may start cutting interest rates before year’s end. That could make future trips abroad more expensive for the nation’s travelers. That’s due to how interest-rate policy affects the strength of the U.S. dollar. Here’s the basic idea: An environment of rising U.S. interest rates relative to […]
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Stocks making the biggest moves premarket: Taiwan Semiconductor, Tesla, Carvana and more
Check out the companies making headlines before the bell: Tesla — The electric vehicle maker gained nearly 1% after Goldman Sachs increased its stock price target by $73 to $248 per share on better than expected second quarter deliveries. Tesla has booked 10-straight days of gains. Though Goldman increased its price target, the investment bank […]
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Walmart is opening five automated distribution centers as it tries to keep its grocery dominance
Automated distribution centers for Walmart grocery business. Courtesy: Walmart Walmart said Wednesday that it will open five automated distribution centers for fresh food across the country, as the retailer chases efficiency and its online grocery business grows. The discounter’s new facilities are roughly 700,000 square feet on average. Chilled and frozen areas have automation that […]
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Bill Gross says Tesla is the new meme stock
Bill Gross’ Janus Henderson Global Unconstrained Bond Fund suffered more than $200 million in redemptions last month, lowering assets to $1.25 billion from over $2.24 billion in February. Lucy Nicholson | Reuters Longtime investor Bill Gross believes Elon Musk’s Tesla is behaving like a speculative play among retail investors. “Tesla acting like a meme stock — sagging […]
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As NATO meets, leaders look to ‘Trump-proof’ the military alliance
Former U.S. president Donald Trump pictured during a meeting with NATO Secretary-General Jens Stoltenberg at Winfield House, London on Dec. 3, 2019. NICHOLAS KAMM | AFP | Getty Images As NATO celebrates its 75th anniversary with a summit in Washington this week, the alliance is facing some familiar foes and challenges: Russia’s war on Ukraine […]
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Number of millionaires to soar globally but plunge in the UK, research finds
People walk through a Manhattan mall on July 05, 2024 in New York City. Spencer Platt | Getty Images News | Getty Images LONDON — The number of global millionaires is set to keep rising over the next five years — with the U.K. a stark outlier, according to the 2024 Global Wealth Report from […]
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Volkswagen shares slip as it considers Brussels plant closure on weak EV demand
A Volkswagen logo is seen at the New York International Auto Show Press Preview, in Manhattan, New York City, U.S., March 27, 2024. David Dee Delgado | Reuters Volkswagen shares dipped Wednesday after the company issued an overnight profit warning and announced it was considering the potential closure of an Audi plant in Brussels. The […]
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China’s ETF market sees ‘explosive’ growth, inflows jump 5-fold in three years, Morningstar says
China customs officers raising a Chinese flag during a rehearsal for a flag-raising ceremony in Shanghai. Qilai Shen | Bloomberg | Getty Images Chinese exchange-traded funds saw a “staggering” growth in the last five years, with inflows consistently notching new highs, according to Morningstar. “Annual inflows to China ETFs surged almost fivefold over the past […]
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TSMC second-quarter revenue jumps on AI boost, handily beats market forecasts
A logo of Taiwan Semiconductor Manufacturing Company (TSMC) is seen during the TSMC global RnD Center opening ceremony in Hsinchu on July 28, 2023. (Photo by Amber Wang / AFP) Amber Wang | Afp | Getty Images TSMC, the world’s largest contract chipmaker, reported strong growth in second-quarter revenue on Wednesday that handily beat market […]
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