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Category: FINANCE

Posted on 15/03/2024

Stock Market News Today, 03/14/24 – Futures Higher as PPI Data Looms

U.S. futures traded higher on Thursday morning as investors looked forward to another key inflation report set for release today. Futures on the Nasdaq 100 (NDX), S&P 500 (SPX), and the Dow Jones ... ( read original story ...)

Posted on 14/03/2024

China Central Bank Set to Leave Key Rate Unchanged on Friday Amid Uncertainty Around Fed Easing

The Fed is widely expected to cut interest rates this year if inflation cools, and markets now see a 65% chance of a rate cut in June, though that has edged down from 71% earlier in the week, ... ( read original story ...)

Posted on 14/03/2024

Geely-backed phone maker taps banks for IPO valued at US$2bil

DreamSmart Group, the smartphone maker that last year pivoted toward developing artificial intelligence (AI) for mobile devices, has selected banks to prepare for its Hong Kong initial public offering ... ( read original story ...)

Posted on 14/03/2024

Experts hail Shanghai action plan on services consumption

The experience of developed countries has shown that once per capita GDP exceeds $15,000, services consumption will play a dominant role in household consumption expenditures. Shanghai's per capita ... ( read original story ...)

Posted on 13/03/2024

China’s Shanghai tries to shore up foreign confidence with promise-laden action plan that’s filled with uncertainty

New plan kicks off on Friday, but details remain scarce about how exactly it will address some of the biggest concerns facing foreign firms operating in China Foreign chambers appear both hopeful and ... ( read original story ...)

Posted on 13/03/2024

Lotus Stock Declines by 40% Post-IPO Amid Geely’s Global Expansion Strategy

Lotus Tech’s debut on the public market hasn’t unfolded as smoothly as Geely anticipated. Within just two weeks of its listing on Nasdaq, shares have plummeted nearly 40%, dropping from $13.80 at the ... ( read original story ...)

Posted on 12/03/2024

Stock market today: Asian shares are mostly higher ahead of a US report on inflation

Shares were mostly higher in Asia on Tuesday ahead of a report on inflation in the U.S. that could sway the Federal Reserve’s timing on cutting interest rates. U.S. futures and oil prices were higher. ( read original story ...)

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