Latest in US companies see record low profits in China amid geopolitical tensions and slow growth, report says
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Gen Z is thriving financially in these US cities, new report says
A new report has found that nearly a third of Gen Z — also known as Zoomers — already feel financially secure thanks to having both a job and a side hustle, particularly in certain cities around ...Politics - The Hill - October 26 -
China’s exports slow sharply in September, adding to worries over the economy
China’s exports slowed sharply in September as global demand weakened, adding to worries over how to recharge growth in the world's second-largest economyWorld - ABC News - October 14 -
China’s economy grows 4.6% in third quarter
Lowest figure in year and a half comes as Beijing steps up stimulus effortsBusiness - Financial Times - October 18 -
Messi Mania helps drive record growth for MLS
Major League Soccer is hitting record attendance marks and mounting sponsorship revenueSports - ABC News - October 22 -
Why Security Companies Are Seeing an Uptick in Protection Requests
It’s not just about the election. Features such as reinforced windows and metal detectors have been in demand.Business - Inc. - 3 days ago -
Apple’s iPhone 16 is selling 20% faster in China than its predecessor, report says
Chinese consumers had previously shown relatively little interest in the iPhone 15, which was criticized for a lack of new featuresBusiness - MarketWatch - October 18 -
U.S. Factory Towns Laid Low by the ‘China Shock’ Are Benefiting From New Investments
Communities that suffered the worst of plant closings in recent decades are now gaining an outsize share of fresh investment and new jobs.Business - The New York Times - November 1 -
China’s industrial profits plunge as economic momentum falters
Steep monthly decline in September comes as policymakers battle to restore confidenceBusiness - Financial Times - October 27 -
Volkswagen profit plunges 64% as China sales slide
Europe’s largest carmaker highlights ‘urgent need’ for cost reductions and efficiency gainsBusiness - Financial Times - October 30 -
China woes weigh on profits at Toyota, Honda and BMW
Even the strongest international carmakers are suffering from intense competition in the Chinese marketWorld - Financial Times - 3 days ago -
Maersk chief predicts intensifying trade tensions after US elections
Increasing gap between export growth from China and west could lead to increasing hostilities, says Vincent ClercWorld - Financial Times - October 31 -
Google’s strong earnings boosted by cloud computing gains
Parent company Alphabet’s shares rise 6% as results show lift from AI demandBusiness - Financial Times - October 30 -
Robinhood earnings disappoint Wall Street despite company’s upward trajectory
The online brokerage’s third-quarter earnings missed analyst forecasts for both revenue and earnings per share.Business - MarketWatch - October 31 -
BBVA Profit Beats Market Views on Mexico, Spain Growth
Banco Bilbao Vizcaya Argentaria’s third-quarter performance in Spain and Mexico, its key markets, drove its profit above market expectations.Business - The Wall Street Journal - October 31 -
Warner Bros. Discovery Swings to Quarterly Profit on Strong Streaming Growth
The entertainment company swung to its first quarterly profit in more than two years after it posted better-than-expected growth in streaming subscribers.Business - The Wall Street Journal - 2 days ago -
Global public debt to hit $100tn this year, says IMF; Boeing to raise up to $25bn to shore up balance sheet – business live
Rolling coverage of the latest economic and financial news, as IMF warns that future debt levels could be higher than currently projected. Cooling labour market adds to Reeves’s tax-raising ...World - The Guardian - October 15 -
Tesla Surprises Wall Street With Strong Third-Quarter Results
The robust performance comes after a tumultuous start to the year in which Tesla’s profit fell for two straight quarters.Business - The Wall Street Journal - October 24 -
UBS reports better than expected profits
Swiss bank’s markets business helped by increase in volatilityBusiness - Financial Times - October 30 -
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Amex sees strong discretionary spending, but stock retreats after solid 2024 run
The company says new member benefits are resonating with younger generations.Business - MarketWatch - October 18 -
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One of our stocks is holding back the Dow as the S&P 500 and Nasdaq bounce back
The Investing Club holds its "Morning Meeting" every weekday at 10:20 a.m. ET.Business - CNBC - October 24 -
Reddit shares soar after company turns first-ever profit
Monthly users rose by nearly half thanks to AI translation feature, and deals for AI training with Google and OpenAI boosted revenue. Reddit on Tuesday reported a quarterly profit for the first ...World - The Guardian - October 30 -
OpenAI Speaks to California Attorney General About Becoming For-Profit Company
A new report says CEO Sam Altman’s efforts to shed its nonprofit AI research lab status are moving forward.Business - Inc. - 4 days ago
