Tag Archives: finance and investments

[ad_1] New York CNN Business  —  What’s the best way to invest? Plenty of active traders are out there trying to make a quick buck on meme stocks like AMC and GameStop, fads like Snap and Peloton or bitcoin and other cryptocurrencies. Professional money managers try to identify stocks that …

[ad_1] Hong Kong CNN Business  —  China’s yuan tumbled to an all-time low on international markets on Tuesday, as investors fled Chinese assets amid fears about Xi Jinping’s shocking move to tighten his grip on power at a major leadership reshuffle. In trading outside of mainland China, the yuan briefly …

[ad_1] London CNN Business  —  Rishi Sunak, Britain’s third prime minister in seven weeks, will face the huge challenge of projecting stability after a period of historic political and financial market chaos. But his other task — shepherding the country through a recession — is poised to be just as …

[ad_1] Hong Kong CNN Business  —  China released stronger-than-expected GDP and other economic data on Monday, just a day after Xi Jinping clinched a historic third term in power following the conclusion of a major political gathering. But foreign investors were still spooked and dumped Chinese equities in overseas markets, …

[ad_1] New York CNN Business  —  A disastrous earnings report from Snap and less than inspiring results from Dow components American Express and Verizon weren’t enough to keep the Wall Street bulls at bay Friday. Stocks surged on hopes that the Federal Reserve may soon come to the rescue by …

[ad_1] CNN  —  Snap’s bad year continues. Snap on Thursday reported revenue of $1.13 billion for the three months ending in September, a slight 6% increase from the year prior and less than Wall Street had expected, as the company confronts tightening advertiser budgets in an uncertain economy. In a …

[ad_1] CNN  —  When President Joe Biden visited Pennsylvania on Thursday, he touted infrastructure investments that helped rebuild a collapsed bridge and raised campaign cash away from cameras with the state’s Democratic Senate candidate. Where he didn’t appear was a campaign rally stage. Three weeks before November’s elections, Biden’s visit …

[ad_1] New York CNN Business  —  Tesla posted a solid quarter of earnings and record revenue, but now says it will fall short of its target for a 50% growth in the number of cars it sells this year. As recently as July it said it was still aiming for …

[ad_1] CNN  —  A Wisconsin taxpayers group has asked the Supreme Court to step in on an emergency basis and temporarily block the Biden administration’s student loan forgiveness program from taking effect. The application for student loan forgiveness officially opened Monday. Student loan cancellation could begin as soon as Sunday, …

[ad_1] Hong Kong CNN Business  —  When Xi Jinping came to power a decade ago, China had just overtaken Japan to become the world’s second largest economy. It has grown at a phenomenal pace since then. With an average annual growth rate of 6.7% since 2012, China has seen one …