News

Britain does a bad job at keeping globally relevant tech firms, former Arm CEO says

Warren East, who led Arm between 1994 and 2013, said that too often tech firms in Britain move their operations overseas or list elsewhere abroad.

Goldman Sachs to post $400 million hit to third-quarter results as it unwinds consumer business

In late 2022, Goldman Sachs began to pivot away from its consumer operations, beginning a series of write-downs related to selling chunks of the business.

Jumbo 50 basis points Fed rate cut should not raise alarm, analyst says

The U.S. Federal Reserve can afford to make a jumbo 50 basis points rate cut next week without spooking markets, an analyst suggested Monday.

Huawei's tri-fold phone gets 2.7 million pre-orders ahead of Apple's iPhone 16 launch

Huawei has received more than 2.7 million pre-orders for its new, tri-fold smartphone, according to its website Monday.

China's CPI climbs 0.6% in August, missing expectations as transport, home goods prices fall

China on Monday reported its consumer price index rose by 0.6% year on year in August, missing expectations.

Why the father of 'life planning' says you're managing money the wrong way

George Kinder, recognized as the founder of financial life planning, thinks consumers are shortchanging themselves by putting off goals until retirement age.

ETFs are on pace to break record annual inflows, but this wild card could change it all

ETF inflows could rise as investors begin to search for other opportunities outside of money market funds.

3 ways Wall Street's largest banks are leveraging AI to increase profitability

Top finance leaders are becoming convinced that the tech will transform their businesses.

U.S. job market slows, but it's not yet a 'three-alarm fire,' economist says

The labor market has shown unambiguous signs of cooling, economists said. Recession could follow if the trajectory continues.

China should focus on fighting deflationary pressure, former central bank governor says

China's policymakers need to focus on boosting domestic demand, Yi Gang, former head of the People's Bank of China, said Friday at the Bund Summit in Shanghai.

7-Eleven's parent company rejects takeover proposal, says offer 'grossly undervalues' company

Even if the offer was raised "very significantly," Seven & i said the bid does not consider the "multiple and significant challenges" it would face.

China's wealthy are increasingly looking overseas for business investment opportunities

China's wealthy want to pursue business opportunities abroad, rather than just investment returns, according to asset managers and consultants.
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