China stocks are taking a breather on Thursday after staging an impressive rally in recent weeks on the back of mounting stimulus optimism. Here’s a look at what’s going on. What To Know: Chinese indices ended their 13-day win steak on Thursday as markets tilted to risk-off amid rising concerns over ongoing Middle East tensions,…
Warren Buffett, widely considered the greatest investor of all time, is one of the richest people on the planet, but you wouldn’t know that based on the clothes he wears, the car he drives — or even the house he lives in. What To Know: The legendary investor is well known for living well below his means,…
“Shark Tank” fame Billionaire Mark Cuban has cautioned Elon Musk about the loyalty of Donald Trump, in response to Musk’s X supporting the ex-president’s re-election. What Happened: On Sunday, Cuban took to X to respond to Musk’s post, which claimed that Trump’s re-election was the only way to save democracy. Musk had argued that the…
China’s latest economic stimulus is creating significant ripples in global markets. Following a series of bold actions by the People’s Bank of China (PBoC), including slashing the reserve requirement ratio (RRR) for banks and cutting key repo rates, the financial system is poised for an influx of liquidity. The aim is to inject $140 billion…
In the aftermath of an assassination attempt, former President Donald Trump received calls from President Joe Biden and Vice President Kamala Harris. What Happened: Trump, who was targeted at his West Palm Beach golf course in Florida, shared his conversations with Biden and Harris at the town hall. Trump described these calls as “so nice,”…
Amazon Inc. AMZN is preparing to dispatch hundreds of small satellites into orbit, setting the stage for a face-off with Elon Musk‘s SpaceX in the U.K.’s airspace. What Happened: Amazon is planning to launch over 3,000 low-Earth-orbit satellites to provide internet connectivity to remote areas, The Telegraph reported on Monday. The first rocket mission is…