Month: October 2024
Goldman Sachs says these stocks are a table-pounding buy ahead of earnings
Analysts at Goldman Sachs named a slate of stocks to snap up as earnings season gets underway. There are plenty of buy-rated companies heading into quarterly reports, according to the firm. Those names include LivaNova , Spotify Technology, TKO Group and ServiceNow. Spotify Technology “SPOT is the clear global audio platform leader,” wrote analyst Eric […]
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Elon Musk is on track to become a trillionaire by 2027. Here’s why the rich keep getting richer
Elon Musk is on track to become the world’s first trillionaire by 2027, according to a recent report from Informa Connect Academy. Of the world’s billionaires, Musk is the closest to that 13-figure mark, and his wealth is growing. At the start of 2020, Musk was worth about $28.5 billion, according to the Bloomberg Billionaires […]
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China threatens Taiwan with more trade measures after denouncing president’s speech
A view of the cityscape ahead on Jan. 12, 2024, in Taipei, Taiwan. Annice Lyn | Getty Images News | Getty Images China is studying further trade measures against Taiwan, the Ministry of Commerce said on Saturday, two days after Beijing slammed a speech by Taiwan President Lai Ching-Te. The Democratic Progressive Party, Taiwan’s ruling […]
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China’s car sales snap five-month decline on subsidy boost
A heavy traffic jam with many cars on the road in Chaoyang district in Beijing, China. Sw Photography | Digitalvision | Getty Images China’s passenger vehicle sales rose 4.3% in September from a year earlier, snapping five months of decline with a boost from a government subsidy to encourage trade-ins as part of a broader […]
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Turkey should continue tight, monetary policy until inflation at target, IMF says
Alexander Spatari | Moment | Getty Images The International Monetary Fund called for continued tight, data-driven monetary policy in Turkey until inflation converges to target as it concluded an Article IV consultation. The policy turnaround has reduced economic imbalances and revived confidence the IMF said on Saturday, adding that improved market sentiment caused foreign and […]
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Chinese finance minister to deliver highly anticipated briefing on stimulus
Lan Fo’an, China’s finance minister, center, speaks as Zheng Shanjie, chairman of the National Development and Reform Commission (NDRC), left, and Pan Gongsheng, governor of the People’s Bank of China (PBOC), listen during a news conference on the sidelines of the National People’s Congress in Beijing, China, on Wednesday, March 6, 2024. Bloomberg | Bloomberg […]
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Meet the Singapore-based telco disruptor with the knack for a viral campaign
Circles is a tech start-up with an ambition to shake up the telecommunications industry – and an unconventional marketing strategy to match. Circles is a tech start-up with an ambition to shake up the telecommunications industry – and an unconventional marketing strategy to match. “For the longest time, the telco industry has been talking about the […]
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Boeing to cut 17,000 jobs as losses deepen during factory strike
Boeing 737 MAX airliners are pictured at the company’s factory on Thursday, Sept. 12, 2024, in Renton, Wash. Stephen Brashear | AP Boeing will cut 10% of its workforce, or about 17,000 people, as the company’s losses mount and a machinist strike that has idled its aircraft factories enters its fifth week. It will also […]
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10-year Treasury yield dips below 4.1% Friday after big jump this week
The U.S. 10-year Treasury yield dipped below 4.10% on Friday as investors assessed the latest inflation data that came in cooler than expected. The yield on the 10-year Treasury slipped less than a basis point to 4.088%, after having ended last week at 3.97%. The yield on the 2-year Treasury was down about 5 basis […]
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The Federal Reserve may have pretty much just hit its 2% inflation target
Federal Reserve Chairman Jerome Powell arrives to a news conference following the September meeting of the Federal Open Market Committee at the William McChesney Martin Jr. Federal Reserve Board Building on September 18, 2024 in Washington, DC. Anna Moneymaker | Getty Images This week’s inflation data provided more evidence that the Federal Reserve is nearing […]
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