Finance
Huawei’s tri-fold phone gets 2.7 million pre-orders ahead of Apple’s iPhone 16 launch
Key Points Huawei has received more than 2.7 million pre-orders for its new, tri-fold smartphone, its website showed on Monday. The Chinese company began pre-orders for its Mate XT midday on Saturday. That was more than two days ahead of Apple’s planned iPhone 16 launch in the early morning Tuesday Beijing time. Source
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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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ETFs are on pace to break record annual inflows, but this wild card could change it all
ETF Edge ETFs are on pace to break record annual inflows, but this wild card could change it all Published Sat, Sep 7 202411:00 AM EDT Natalie Zhang@nat_zhang WATCH LIVE Source
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3 ways Wall Street’s largest banks are leveraging AI to increase profitability
Big banks are jumping headfirst into the AI race. Over the past year, Wall Street’s largest names — including Goldman Sachs , Bank of America , Morgan Stanley , Wells Fargo to JPMorgan Chase — ramped up their generative artificial intelligence efforts with the aim of boosting profits. Some are striking deals and partnerships to […]
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U.S. job market slows, but it’s not yet a ‘three-alarm fire,’ economist says
Key Points Employers added 142,000 jobs in August, less than expected. The unemployment rate declined to 4.2%, according to the Bureau of Labor Statistics jobs report. The U.S. job market has slowed considerably over the past year or so. The Federal Reserve has raised interest rates to tame inflation. If the labor market continues to […]
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Stocks making the biggest moves midday: Intel, Nio, Super Micro Computer and more
Check out the companies making headlines in midday trading: Nio — U.S. shares of the Chinese electric vehicle maker popped 2% after a JPMorgan upgrade to overweight from neutral. The firm said Nio could be in for a recovery rally after a tough year so far. Super Micro Computer — Shares shed 6% after JPMorgan […]
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Stocks making the biggest moves premarket: Bowlero, UiPath, Broadcom and more
Check out the companies making headlines before the bell. Bowlero – Shares gained more than 12% after the bowling alley chain’s revenue for the fiscal fourth quarter revenue topped Wall Street’s expectations. Revenue for the period came in at $283.9 million. According to FactSet, analysts had expected $273.4 million. The higher end of the company’s […]
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China should focus on fighting deflationary pressure, former central bank governor says
Key Points 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. Yi said he expected the consumer price index to “converge above zero by the end of the year.” “Central banks should avoid prolonged deflation even if […]
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7-Eleven’s parent company rejects takeover proposal, says offer ‘grossly undervalues’ company
Key Points The company said the proposal was “opportunistically timed and grossly undervalues our standalone path and the additional actionable avenues we see to realize and unlock shareholder value in the near- to medium-term.” Even if Couche-Tard increases its offer “very significantly,” Seven & i said the proposal does not consider the “multiple and significant […]
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