Tierney L. Cross / Bloomberg / Getty Images Federal Reserve Chair Jerome Powell, during an Economic Club of Washington event in Washington, DC, on July 15, 2024. Key Takeaways The Federal Reserve is set to cut interest rates at its policy meeting next week, but some economists wonder whether the central bank has waited too…
We started buying Home Depot shares last week as a play on housing and interest rates. Our initial 50-share buy was around $362. We bought 50 more shares Wednesday a few dollars higher. The Dow stock is having a mixed year — up about 7% compared to the S & P 500 ‘s more than…
Wall Street’s major market averages moved higher Thursday afternoon, driving to push past choppiness that followed wholesale prices rising above expectations and weekly jobless claims edging up. The S&P 500 (SP500) +0.4%, looking at a fourth consecutive gain. The Nasdaq Composite (COMP:IND) +0.8%, and the Dow (DJI) +0.3%, sloughing off an earlier loss. The key…
Deutsche Bank has some ideas on which stocks investors will want to hold if Kamala Harris comes out on top in November’s presidential election. Following Tuesday night’s debate , analyst Nicole DeBlase sent a note to clients looking at the themes and individual companies that stand to benefit from another four years of Democrats in…
This report is from this week’s CNBC’s “Inside India” newsletter which brings you timely, insightful news and market commentary on the emerging powerhouse and the big businesses behind its meteoric rise. Like what you see? You can subscribe here. The big story The Federal Reserve is almost certain to start its rate-cutting cycle next week. Historically, a…
SHENZHEN, China, June 28, 2024 /PRNewswire/ — A grand event brought the attention of people from various industries, such as technology, finance, fashion, real estate, and culture, to Futian, Shenzhen. An ideal discussion commenced, merging AI with philosophy, art with science, happiness with future outlooks, and personal dialogues with the city. On June 5, the “Seed…
HONG KONG, June 28, 2024 /PRNewswire/ — Trip.com Group’s corporate travel management brand, Trip.Biz, hosted the Trip.Biz Corporate Travel Conference 2024 in Hong Kong, China, with the theme “Transform for Growth: Unlock Time and Cost Savings by Digitalized Business Travel.” The event was attended by approximately 150 customer partners, supplier partners, and representatives from global…
HONG KONG and SHANGHAI, July 1, 2024 /PRNewswire/ — China’s growing senior population is bringing tremendous business opportunities to the financial services industry, says Michael Guo, Co-CEO of Ping An Insurance (Group) Company of China, Ltd. (hereafter “Ping An“, the “Company” or the “Group”, HKEX: 2318 / 82318; SSE: 601318). The aging population has low awareness…
SINGAPORE, July 2, 2024 /PRNewswire/ — The Asia Responsible Enterprise Awards (AREA) 2024 celebrated a cohort of 81 exemplary ESG champions dedicated to shaping a sustainable future for the region and beyond, setting new benchmarks for corporate responsibility. Presented by regional NGO Enterprise Asia, the AREA is widely regarded as the gold standard for ESG…
In February this year, two U.K. mums with young children set up a WhatsApp group to discuss how to avoid their children’s indulgence in smartphones. When they posted the idea on Instagram, the echo was great with many parents jumping on board. Within a few weeks of its launch, their Smartphone Free Childhood group has…