Columbus, OH

Shujin Chen, China economist and head of China financial and property research at Jefferies, says that's because of their "much more stable" fundamentals and dividend per share.

Jefferies says it recommends the 'big four' Chinese banks this year

Zeekr will launch its first midsize electric SUV, the Zeekr 7X, in China on Sept. 20, starting at $33,700, to compete with Tesla's Model Y. The Zeekr 7X offers two battery options, providing a range of 605 to 780 kilometers, with deliveries beginning in China by the end of September and global markets within a year, the company said.

China’s Zeekr targets global markets with its electric SUV, priced to undercut Tesla’s Model Y

Reuters

SHANGHAI/BEIJING (Reuters) - Major state-owned banks were buying dollars in China's onshore foreign exchange market on Friday to slow down a rising yuan, four people with knowledge of the matter said.

China state banks buying dollars amid rapid yuan gains, sources say

The 6th U.S. Circuit Court of Appeals said a lower court judge had discretion to let drivers sue in groups over Cadillac, Chevrolet and GMC vehicles equipped with 8L45 or 8L90 eight-speed automatic transmissions, and sold in the 2015 through 2019 model years. Drivers said the vehicles shudder and shake...

GM must face big class action over faulty transmissions

Nvidia's gold standard processors form the foundation of the artificial intelligence (AI) revolution. MicroStrategy's AI and cloud software take a back seat to its Bitcoin strategy. Super Micro Computer provides servers with the computational horsepower needed to process AI. Data shows that stock-split stocks tend to continue their track record...

3 Stock-Split Stocks to Buy Before They Soar as Much as 148%, According to Select Wall Street Analysts

The Associated Press

The Dow Jones Industrial Average climbed to an all-time high, even as big tech companies weighed on the broader market, leading U.S. stock indexes to a mixed finish on Wall Street. The S&P 500 fell 0.3% Monday, remaining within 0.9% of its record set in July. The Nasdaq composite fell 0.9%, pulled down by several technology companies that tend to tip the market because of their big values. Nvidia lost 2.2%, Microsoft fell 0.8%, Amazon dropped 0.9%, Meta Platforms slid 1.3% and Tesla lost 3.2%. The Dow rose 0.2%, to 41,240, eclipsing its previous high set in mid-July. The average is less influenced by big tech, with only Apple and Microsoft among the most valuable “Magnificent Seven” stocks in the index. That helped limit the impact of the big tech decliners. The price of U.S. crude oil jumped 3.5% after Israel and the Lebanese militant group Hezbollah traded heavy fire on Sunday, triggering potential supply worries.

Stock market today: Dow closes at a record even as losses for Big Tech pull S&P 500 and Nasdaq lower

Nvidia said Wednesday that its board of directors has approved a $50 billion stock buyback. The computer chip giant announced the share repurchase as part of its fiscal second-quarter earnings, in which it reported earnings and guidance that surpassed Wall Street expectations. In May, Apple announced a $110 billion stock...

Nvidia announces $50 billion stock buyback

Everette Taylor's least-favorite trait in an employee is simple: a lack of self-awareness. People without self-awareness tend to be "ego-driven" and less willing — or able — to work with other people, says Taylor, the CEO of crowdfunding platform Kickstarter. They're prone to "thinking inwardly about what they would want and what they think is best when it comes to customers," he tells CNBC Make It.

35-year-old CEO shares the No. 1 red flag he sees in employees: People who aren't self-aware 'really struggle with this'

BEIJING (Reuters) -China's manufacturing activity sank to a six-month low in August as factory gate prices tumbled and owners struggled for orders, an official survey showed on Saturday, pressuring policymakers to press on with plans to direct more stimulus to households.

China's weak factory PMI raises pressure for consumer stimulus

CNBC brings you fast, accurate, and actionable business news and market updates.

News Update – Market Close

Nvidia and Super Micro Computer were the best-performing stocks in the S&P 500 over the last three years, and Wall Street is forecasting more upside. Nvidia is the market leader in artificial intelligence chips, but the company is truly formidable because its portfolio spans hardware, software, and services. Super Micro...

2 Stock-Split AI Stocks Up 455% and 1,150% in 3 Years to Buy Now, According to Wall Street

Even with declining mortgage rates, the number of pending home sales fell last month to the lowest level on record, a National Association of Realtors report reveals. NAR's Pending Home Sales Index shows that the number of pending home sales dropped 5.5% in July and was down 8.5% compared with a year earlier, reaching the lowest level since the index was first established in 2001.

Fewer people are purchasing homes, despite high demand—buyers are in 'wait and see' mode

A "September surge," or the idea that more job postings become available after Labor Day, is tied to the end of the summer slowdown as recruiters and hiring managers come back from vacation, career experts say. There is no data backing the theory, said Julia Pollak, chief economist at ZipRecruiter....

Here's what to consider if you're actively looking for a job this fall, experts say

The cost of a college education — long touted as a requirement for a fulfilling, high-paying job — has soared over the last couple of decades, stoking skepticism among Gen Z about the true value of a four-year degree. As the youngest generation in the workforce debates the...

Meet the Gen Zers skipping college to take blue-collar jobs and launch trade businesses: ‘One of the smartest decisions I ever made’

Active investors can watch for warning signs in Australian dollar trading. They could spell trouble. Australian dollar price swings echoed the seesawing stock markets in July and August. Financial markets are betting on RBA rate cuts, but the central bank is resisting. Incoming inflation data may provide a telltale clue...

If a Global Recession is Coming, the Australian Dollar May See It Early

Casey Lewis, After School founder, joins 'The Exchange' to discuss why Gen Z is looking to retail company Abercrombie & Fitch, retail trends amongst the age group, and more.

Why Abercrombie is resonating with Gen Z

Markets Insider

Don't expect the stock market's seemingly unstoppable rally to continue through the end of the year, says Stifel's Barry Bannister.

Why the S&P 500 could drop by 10% by the end of 2024 — and 4 trades to cash in on the turbulence

Denver, CO

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David Heitz

Angry Aurorans and Denverites on social media poked fun at the news media Friday as more information came out about Venezuelan gangs on the Front Range. Aurora Mayor Mike Coffman posted on Facebook that the city will use court orders to shut down additional apartment complexes that have been infiltrated by the gangs. It seemed to contradict comments made by Gov. Jared Polis, who said the gang problem was a figment of Aurora council member Danielle Jurinsky’s imagination.

Migrant gang crisis underrated: Denver media criticized

24/7 Wall St.

Apple laid off 100 workers in its second-largest segment. Was the change part of a larger trend?
The post Nvidia’s Stock Should Not Be Dropping appeared first on 24/7 Wall St..

Nvidia’s Stock Should Not Be Dropping

The artificial intelligence-fueled rally has been the foremost contributor to the major market indices’ sizable gains over the past several years. And one company in particular is at the vanguard: NVIDIA Corp. (NASDAQ: NVDA). NVIDIA is the premier manufacturer of components critical to the surge in AI; namely, semiconductors, microchips and graphic processing units (GPUs). As a […]
The post NVIDIA (NVDA) Price Prediction and Forecast appeared first on 24/7 Wall St..

NVIDIA (NVDA) Price Prediction and Forecast

NewsBreak

The long-term outlook for Boeing is much more bearish than what people are willing to say: Analyst

Brian Langenberg of Langenberg & Co. says Boeing...

The long-term outlook for Boeing is much more bearish than what people are willing to say: Analyst

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