Day: September 8, 2024
Asia-Pacific markets set to open lower after weak U.S. jobs report; Nikkei set to fall 3.5% at open
People look at the city’s skyline from the Bunkyo Civic Center Observation Deck in Tokyo on August 14, 2024. Philip Fong | AFP | Getty Images Asia-Pacific markets are set to open lower on Monday, tracking losses on Wall Street after a weaker-than-expected U.S. jobs report. U.S. nonfarm payrolls rose by 142,000 missing a 161,000 […]
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Wall Street is turning less bullish on tech darling ASML for several reasons
Analysts at major Wall Street banks are getting more cautious on chip darling ASML , raising concerns about the critical chip equipment maker’s demand outlook. Earlier this week, investment bank UBS downgraded ASML to “neutral” and cut its price target on the stock to 900 euros ($1,000.78) from 1,050 euros previously. In the note, UBS said […]
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Stock futures slip after the S&P 500 suffers its worst week since 2023: Live updates
Traders work on the floor of the New York Stock Exchange during afternoon trading on September 05, 2024 in New York City. Michael M. Santiago | Getty Images U.S. stock futures were lower on Sunday night following a tough week for the equity market. S&P 500 futures dipped 0.1%, while Nasdaq 100 futures slid 0.2%. […]
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‘Go higher’: Bernie Sanders urges Harris to raise 28% capital gains tax rate proposal
Senator Bernie Sanders (I-VT) speaks during Day 2 of the Democratic National Convention (DNC) in Chicago, Illinois, U.S., August 20, 2024. Mike Segar | Reuters Sen. Bernie Sanders, I-Vt., on Sunday said Vice President Kamala Harris should increase her proposed 28% tax rate on long-term capital gains, marking his latest divergence with the Democratic presidential […]
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Why the father of ‘life planning’ says you’re managing money the wrong way
Key Points George Kinder is recognized as the father of the “life planning” movement of financial advice. Consumers often put the emphasis in the wrong areas when it comes to personal finance, Kinder said. His “three questions” aim to uncover your goals and desires, and inspire you to take steps to achieve those dreams financially. […]
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The bitcoin ATM has emerged as one of cryptocurrency’s biggest threats
Bitcoin ATMs are a rapidly growing presence in the United States and, some experts say, a rapidly growing cybercrime menace. ATMs dealing in bitcoin are similar to their cash cousins: there are PINs to punch and withdrawal fees, just like any other ATM. Unlike cash ATMs, though, the high value of crypto makes them prime targets […]
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Boeing and union reach a labor deal, potentially averting a strike
A Boeing employees works outside of the cockpit of a Boeing 737 MAX 8 airplane in the company’s factory, on March 27, 2019 in Renton, Washington. Stephen Brashear | Getty Images Boeing and the union that represents some 33,000 of its workers have struck a new labor deal, just days before a costly strike could […]
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Alzheimer’s drug Leqembi promises to give patients more time, but they face a long road to treatment
Hannah Yoon | The Washington Post | Getty Images Leqembi, an Alzheimer’s drug from Biogen and Eisai, isn’t a cure for the mind-damaging disease. But the treatment promises to give patients such as Missie Meeks more time to live their daily lives normally and independently of others. Meeks, an English professor based in Ellisville, Mississippi, […]
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Many ‘doubted the vision’: Saudi investment minister touts ‘green shoring’ on path to diversification
Khalid Al-Falih, Saudi Arabia’s investment minister, during the Bloomberg New Economy Forum in Singapore, on Wednesday, Nov. 8, 2023. Bloomberg | Bloomberg | Getty Images Saudi Minister of Investment Khalid al-Falih pushed back against skepticism over the country’s economic diversification plan, as Riyadh touts “green shoring” investment opportunities to woo foreign financing. “There was many […]
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