Your source for breaking finance news and business headlines from around the globe
WASHINGTON â Federal Reserve officials at their September meeting agreed to cut interest rates but were unsure how aggressive to get, ultimately deciding on a half percentage point move in an effort to balance confidence on inflation with worries over the labor market, according to minutes released Wednesday. The meeting summary detailed reasons that policymakers […]
Check out the companies making headlines in midday trading. Astera Labs â Shares gained more than 16% after the company, which sells data center connectivity chips, debuted new fabric switches for artificial intelligence . Norwegian Cruise Line â Shares popped 10% on the heels of a Citi upgrade to buy from neutral. Citi said the
First, the good news: Americans are living longer than they used to. Now, the bad news: Older Americans are spending more years in poor health. That dynamic often comes with negative financial consequences, medical and financial experts say. Since 1960, the average U.S. life span has increased to 77.5 from roughly 70 years old, according
Life spans are growing but 'health spans' are shrinking. What that means for your money Read More »
Check out the companies making headlines before the bell. Boeing â Shares slipped 1.8% after the aerospace company withdrew a pay raise offer it made to 33,000 machinists on strike since mid-September. With the talks again breaking down this week, the continued strike will cost Boeing more than $1 billion per month, S & P
Stocks making the biggest moves premarket: Boeing, Alphabet, Blackstone, GitLab and more Read More »
 LONDON â Increasingly many financial services firms are touting the benefits of artificial intelligence when it comes to boosting productivity and overall operational efficiency. Despite bold statements, a lot of companies are failing to produce tangible results, according to Edward J Achtner, the head of generative AI for U.K. banking giant HSBC. “Candidly, there’s a
HSBC exec says there's a lot of AI 'success theater' happening in finance Read More »
BEIJING â China’s Golden Week holiday affirmed a trend in more cautious spending, while consumers put greater emphasis on experiences. The seven-day public holiday that ended Monday recorded about 2% less spending per domestic trip than the pre-pandemic level, according to Goldman Sachs analysis published Tuesday. “Low tourism spending per head and subdued services prices
China's Golden Week holiday signals persistent consumer caution Read More »
BEIJING â Chinese tech company Baidu‘s robotaxi unit, Apollo Go, is in talks with several firms to expand into overseas markets in the “near future,” according to a source familiar with the matter. No details on timing or regions were available. Baidu is one of the major operators of robotaxis in China. Regulators in parts
Baidu's robotaxi unit is exploring expansion into global markets in the 'near future' Read More »
The solana cryptocurrency could outperform ether and bitcoin in a big way if former President Donald Trump wins the U.S. election, according to Standard Chartered. In a new research note, the bank’s head of digital assets, Geoffrey Kendrick, outlined his expectations for bitcoin, ether and solana depending on whether Trump or his Democratic opponent Vice
Solana cryptocurrency could rally 400% if Trump wins election, Standard Chartered says Read More »
Check out the companies making headlines in midday trading. China stocks â U.S.-listed shares of Chinese companies fell after Beijing’s economic planning agency failed to announce any new major stimulus plans . Online video company Bilibili fell 13%, while automaker Nio and Temu parent PDD tumbled about 6% each. E-commerce companies JD.com and Alibaba both
Billionaire investor Ray Dalio thinks it’s still tricky to invest in China right now as Beijing may be seeking to structurally move the country away from capitalism. The founder of Bridgewater Associates, one of the world’s largest hedge funds, said investors should take a nuanced and cautious approach to investing in the developing region as
