Wall Street advanced during this holiday-shortened trading week.
Kategorie-Archiv: CNBC Financial News
China has spent at least $230 billion to build its EV industry, new study finds
China spent $230.8 billion over more than a decade to develop its electric car industry, according to the Center for Strategic and International Studies.
China talks up support for IPOs. Investors are watching the speed of approval
Chinese authorities this week announced new policy for supporting venture capital, raising hopes for faster approvals of initial public offerings.
How investors can stay protected with emerging market opportunities
BNY’s global head of ETFs warns that investors should account for changing currency levels when investing internationally.
Fast-food customers are shifting to casual-dining chains, Darden Restaurants CEO says
Chili’s and Applebee’s are among the casual-dining chains that have been trying to win over fast-food customers.
More states expected to roll out Inflation Reduction Act energy-efficiency rebates this summer
New York was the first state to launch a consumer rebate program created by the Inflation Reduction Act.
Super Micro, Dell shares jump as Elon Musk calls them suppliers to xAI supercomputer project
„Dell is assembling half of the racks that are going into the supercomputer that xAI is building,“ Musk said, adding that Super Micro will also be involved.
Darden beats on earnings, even as Olive Garden, fine-dining sales drag
Olive Garden owner Darden Restaurants reported flat same-store sales growth in its latest quarter.
Steve Cohen is set to make a big push into investing in AI
Steve Cohen’s Point72 plans to launch a separate, artificial intelligence-focused hedge fund to capitalize on the boom.
Fitch pushes back China rate cut expectations to next year as Fed holds interest rates steady
Fitch now forecasts China will keep its one-year medium-term lending facility (MLF) unchanged this year at 2.5%, and cut it to 2.25% next year.