By Louis Juricic and Sarina Isaacs Investing.com — Here is your weekly Pro Recap on the biggest headlines out of a big earnings week for tech: Arm’s big debut, Apple’s new iPhone, Qualcomm’s Apple pact, Oracle’s disappointment, and an AI-driven Tesla upgrade. InvestingPro subscribers get tech headlines like these in real time. Never miss another … Read more
© Reuters. Tata Sons, the parent company of Tata Group, has been recently classified as an ‘upper-layer’ Non-Banking Financial Company (NBFC) by the Reserve Bank of India (RBI), setting the stage for a potential initial public offering (IPO) by September 2025. The RBI’s guidelines mandate that an ‘upper-layer’ NBFC must list within three years of … Read more
© Reuters. Apple (NASDAQ:) shares rose modestly in pre-open Monday after several Wall Street analysts weighed in on the lead times for iPhone 15. Analysts are expressing optimism regarding the tech giant’s pre-orders for the latest iPhone 15, saying that demand is surpassing expectations. Accordingly, delivery times for the iPhone 15 Pro have extended into … Read more
© Reuters. Canadian equities closed Thursday’s trading session with significant gains, driven by strong buying across various sectors. The positive market sentiment was primarily due to the encouraging U.S. retail sales data. The S&P/TSX Composite Index, a benchmark for Canadian stocks, closed with a 1.42% increase at 20,567.84 points, nearly reaching the day’s peak of … Read more
The average rate for a 30-year, fixed-rate mortgage (FRM) has risen to match its level two weeks ago, continuing to fluctuate in the 7% range, according to the latest Freddie Mac mortgage survey. As of Wednesday, the rate for a 30-year FRM averaged 7.18%, up from 7.12% the previous week. On August 31, the average … Read more
In a bid to support its struggling economy, the People’s Bank of China (PBOC) has been actively injecting cash into markets and reducing lenders’ reserve requirements. On Friday, the PBOC offered 591 billion yuan ($81.2 billion) via the medium-term lending facility (MLF), marking the 10th consecutive month of such an operation and resulting in a … Read more
© Reuters Goldman Sachs (NYSE:), the Wall Street giant, has announced its withdrawal from the mass-affluent advice market this week as it shifts focus towards enhancing its advisor custody business. The decision, revealed at an industry conference by CEO David Solomon on Thursday, indicates a strategic realignment within the firm. Solomon explained that the firm … Read more
© Reuters. Online used car retailer Carvana (NYSE:CVNA) experienced a substantial 12% uptick in its stock price on Thursday, September 14, 2023. This surge occurred within the backdrop of a high short interest in the company’s shares, a factor that can precipitate significant market fluctuations. The rise in Carvana’s shares mirrored a similar uptrend among … Read more
Washington, Sep 15 (IANS) Members of the United Auto Workers (UAW) on Friday began a simultanous strike action at all the ‘Big Three’ US motor industry giants — General Motors (NYSE:), Ford and Stellantis, effectively halting work at the plants after the companies failed to reach tentative labour deals with the workers.“Tonight for the first … Read more
© Reuters. BlackRock (NYSE:), the American multinational investment management corporation, has faced significant outflows from four of its funds during August 2023. This comes in the wake of allegations made by the US House Select Committee that BlackRock was profiting from investments linked to the Chinese military. The four funds were among the five highlighted … Read more
