Gold lacks momentum as investors cautious ahead of US jobs data:

businessinsider.com/huawei-folding-phone-millions-orders-apple-glowtime-event-iphone-smartphone-2024-9

Sep 09

Huawei's new phone got nearly 3 million pre-orders before Apple event: One of China's top smartphone makers raked in 2.8 million pre-orders for its latest phone ...

60

Sep 02

Apple set for music, TV streaming fight in India after Airtel deal: Apple's partnership with India's second-biggest telecoms firm will give the iPhone maker a ...

reuters.com/business/media-telecom/apple-set-music-tv-streaming-fight-india-after-airtel-deal-2024-09-02/

1 similar article

78

8 2

businessinsider.com/moved-to-spain-couldnt-afford-retirement-in-us-2024-8

Aug 31

I moved to Spain at age 70 because I couldn't afford retirement in US: I was bankrupt by age 63 because of the housing market crash in 2008. I moved to Spain ...

154

141

businessinsider.com/elon-musk-trillionaire-first-2027-tesla-wealth-money-2024-9

20h

Elon Musk on track to be world's first trillionaire by 2027: report: Musk's wealth, which is closely tied to his Tesla stake, has fluctuated over the past few ...

Paid articlePaywall

Quick Glance: Elon Musk: First Trillionaire by 2027?

Elon Musk is set to become the world's first trillionaire by 2027, with his wealth growing at an annual rate of 110%.

The Trillion Dollar Club report predicts Gautam Adani will be the second trillionaire in 2028, followed by Jensen Huang and Prajogo Pangestu.

Public interest in who will become the first trillionaire has been ongoing since John D. Rockefeller was named a billionaire in 1916.

Musk faced backlash for a controversial post about the Holocaust, which he later deleted.

26

Aug 29

US pending home sales tumble to record low in July: Contracts to buy U.S. previously owned homes dropped to a record low in July as higher prices and borrowing ...

reuters.com/markets/us/us-pending-home-sales-tumble-record-low-july-2024-08-29/

121

Sep 05

BMW partners with Toyota to bring its first hydrogen car to market from 2028: BMW aims to bring its first hydrogen-powered vehicle onto the market in 2028 ...

timeslive.co.za/motoring/news/2024-09-05-bmw-partners-with-toyota-to-bring-its-first-hydrogen-car-to-market-from-2028/

Quick Glance: Hydrogen Cars: BMW and Toyota Explore New Horizons

BMW plans to launch its first hydrogen fuel cell series model in 2028 in collaboration with Toyota.

Despite low sales figures of hydrogen cars, both companies believe in technological openness and a multi-pathway approach to climate neutrality.

The BMW CEO describes the planned vehicle as a milestone, while the hydrogen refueling infrastructure in Europe is expected to expand by 2030.

The costs of the project will be shared between BMW and Toyota, as initial sales figures are expected to be low.

20

Sep 02

Dangote refinery begins petrol processing – Official: Mr Edwin did not say exactly when the gasoline would hit the local market.

premiumtimesng.com/news/top-news/730549-dangote-refinery-begins-petrol-processing-official.html

39

Sep 02

How Temu's China owner PDD stacks up against Alibaba and JD.com: Shares of China's biggest e-commerce companies - Alibaba , JD.com and PDD Holdings - were dumped ...

reuters.com/business/retail-consumer/how-does-pdd-stack-up-against-other-big-china-e-ecommerce-firms-2024-08-30/

82

Sep 06

Slowing but steady job market reported in August: In August, 142,000 jobs were added.

abcnews.go.com/US/slowing-steady-job-market-expected-september-jobs-report/story

255

Sep 06

UK house prices post biggest annual gain since late 2022, Halifax says: British house prices rose last month at the fastest annual pace since late 2022 ...

reuters.com/world/uk/uk-house-prices-post-biggest-annual-gain-since-late-2022-halifax-says-2024-09-06/

33

Sep 05

BMW plans to bring its first hydrogen car onto the market from 2028

reuters.com/business/autos-transportation/bmw-plans-bring-its-first-hydrogen-car-onto-market-2028-2024-09-05/

25

Sep 01

South Korea exports extend gains to 11th month, growth slows: South Korea's exports rose for an 11th straight month in August, but the pace of growth was weaker ...

reuters.com/markets/asia/south-korea-exports-extend-gains-11th-month-growth-slows-2024-09-01/

Quick Glance: South Korea's Exports Rise, Growth Slows Down

South Korea's exports increased by 11.4% year-on-year in August, marking the eleventh consecutive month of growth.

However, the growth rate slowed compared to the previous month and fell short of market expectations due to decreased demand for computer chips.

Exports to the EU surged by 16.1%, while imports rose by 6.0%.

Despite the slower growth, a record performance in exports is anticipated for this year.

60

Aug 28

Nvidia's outlook fails to impress growth-hungry investors, shares fall: Nvidia's quarterly forecast on Wednesday failed to meet lofty expectations of investors ...

reuters.com/technology/nvidia-forecasts-third-quarter-revenue-above-estimates-2024-08-28/

Quick Glance: Nvidia's Disappointing Forecasts Lead to Stock Plunge

Nvidia's shares dropped 6% following underwhelming quarterly forecasts.

The revenue forecast for Q3 stands at $32.5 billion, with a gross margin estimated at 75%.

CEO Huang confirmed a delay in Blackwell chip production until Q4, while demand for Hopper chips remains robust.

Concerns about the long-term viability of generative AI investments may impact the tech market.

230 similar articles

37

9 4

The Sydney Morning Herald

B+

Sep 05

Some may have to sell their homes: RBA governor gives economic warning: Reserve Bank governor Michele Bullock has warned some people may have to sell their homes ...

smh.com.au/politics/federal/some-will-have-to-sell-their-homes-rba-governor-gives-economic-warning-20240905-p5k80p.html

Quick Glance: RBA Governor Warns of Home Sales Amid Economic Strain

Reserve Bank Governor Michele Bullock warned that some Australians may need to sell their homes due to high inflation and interest rates.

She noted that around 5 percent of borrowers are in financial distress, particularly among lower-income households.

Bullock emphasized the need to reduce inflation as household spending declines under rising costs and interest rates.

The business sector is also feeling the strain, with increasing insolvencies and potential layoffs as firms restructure to survive.

17

Aug 26

China central bank rolls over maturing loans, injects cash: China's central bank rolled over maturing medium-term loans and injected cash through its liquidity ...

reuters.com/world/china/china-central-bank-rolls-over-maturing-loans-injects-cash-2024-08-26/

Quick Glance: China's Central Bank Extends Loans, Boosts Liquidity

The People's Bank of China rolled over maturing medium-term loans worth 300 billion yuan and injected an additional 471 billion yuan through reverse repos on Monday.

Interest rates remained unchanged, increasing expectations for a near-term cut in the reserve requirement ratio.

China's economy continues to struggle with a prolonged property crisis that has affected investment and consumer demand.

The central bank aims to maintain a supportive monetary policy to promote reasonable credit growth and stabilize the economy.

174

23 8

markets.businessinsider.com/news/stocks/stock-market-today-nvidia-stock-price-q2-earnings-report-fed-2024-8

Aug 28

Stock market today: Indexes slip as traders count down to Nvidia earnings: "For equities, all attention is now on Nvidia's earnings release tonight ...

Quick Glance: Market Overview: Focus on US Rates and IPOs

Indian markets are poised to open higher, buoyed by gains in US stocks following hints of potential rate cuts by the Federal Reserve.

Asian markets display mixed results amid ongoing geopolitical tensions between Israel and Hezbollah.

Analysts caution about a possible correction in the Nifty, which approaches resistance levels between 24850-24950.

The stock market anticipates the listing of several IPOs, including Interarch Building Products, which has seen strong demand.

49 similar articles

60

2

The Wall Street Journal

B

Sep 06

Still for Sale, 12 Years Later: Michael Jordan’s $15 Million Mansion: The 56,000-square-foot home, with personalized Jordan flags and his name painted on the ...

31

Aug 26

Icahn Enterprises to sell up to $400 mln worth of shares: Billionaire investor Carl Icahn's firm Icahn Enterprises has filed to sell up to $400 million ...

reuters.com/markets/deals/icahn-enterprises-sell-up-400-mln-worth-shares-2024-08-26/

79

Sep 03

Nvidia suffers record $279 billion loss in market value as Wall St drops: Shares of AI heavyweight Nvidia tumbled 9.5% on Tuesday in the deepest ever single-day ...

reuters.com/markets/nvidia-chip-index-tumble-investors-pause-ai-rally-2024-09-03/

13

Aug 31

Exclusive | Ben Affleck, Jennifer Lopez might lose $25M on sale of mansion following high-profile divorce: expert

nypost.com/2024/08/31/real-estate/ben-affleck-jennifer-lopez-might-lose-25m-on-sale-of-mansion-following-high-profile-divorce-expert/

Quick Glance: Affleck Reveals Lopez's Unfulfilled Longings

Ben Affleck reflected on Jennifer Lopez's emotional wounds from childhood, emphasizing that fame and followers cannot fulfill her longing.

In the documentary 'Greatest Love Story Never Told,' Affleck compared her need for acceptance to his struggles with alcohol.

Lopez discussed her childhood and her drive for recognition, which motivated her to work hard and achieve success in Hollywood.

Current divorce rumors intensified when Lopez filed for divorce on August 20, 2024, the anniversary of their second wedding.

37

Sep 05

Half a house for half a million dollars: Home crushed by tree hits market near Los Angeles

apnews.com/article/monrovia-california-crushed-house-for-sale-half-million-ee5184233a20e5e957c3abdbfa8d5753

21

Sep 01

Donald Trump signals backing to legalise marijuana in Florida: The US presidential hopeful appeared to signal his support, placing him at odds with other ...

bbc.com/news/articles/cq6rj3n8nrdo

Quick Glance: Trump Backs Marijuana Legalization Efforts in Florida

Donald J. Trump indicated support for the ballot measure Amendment 3 to legalize recreational marijuana in Florida.

He raised concerns about implementation and emphasized the need for responsible legislation to regulate public use.

Despite his stance, he is at odds with Governor Ron DeSantis and most state Republicans who oppose the measure.

Polls show a majority of voters favor legalization, suggesting potential ticket-splitting among voters.

122

Sep 09

Google's lucrative ad tech business goes on trial: Regulators have successfully argued Google is too powerful in search - now they are coming for its ad tech.

bbc.com/news/articles/ckg2dpkpmv1o

25

Sep 05

UK online retailer ASOS upbeat on annual profit; to form JV with HEARTLAND: British online retailer ASOS said on Thursday it expects its annual sales to be ...

reuters.com/business/retail-consumer/uk-online-retailer-asos-upbeat-annual-profit-despite-sales-warning-2024-09-05/

8

Sep 04

Faster US settlement hit harder than expected, Citi survey says: A shift to shorter settlement for U.S. securities transactions earlier this year had a ...

reuters.com/markets/faster-us-settlement-hit-harder-than-expected-says-citi-survey-2024-09-04/

9

21h

Sennar: Crowded market shelled in Sudan killing more than 20: Dozens were wounded in the attack which a doctors' union is blaming on the paramilitary RSF.

bbc.com/news/articles/cn024xe9gq5o

28

Aug 23

Get ready for rate cuts: The era of elevated interest rates is near its end, and the predominant economic risk is no longer inflation.

axios.com/2024/08/23/fed-rate-cuts-labor-market

Quick Glance: Fed Chair Signals Upcoming Interest Rate Cuts

Federal Reserve Chair Jerome Powell announced that the Fed is prepared to start reducing interest rates as inflation is largely under control and the job market is cooling. Although he did not specify timing, a modest quarter-point cut is anticipated at the mid-September meeting. Powell emphasized that future rate adjustments will depend on incoming data.

Inflation has dropped to 2.5%, significantly lower than its peak of 7.1% two years ago and near the Fed's 2% target. Powell expressed confidence in the sustainable path back to 2% inflation, suggesting that rate cuts could help maintain economic balance without triggering a recession.

Economists generally expect the Fed to cut rates by a quarter-point at its remaining meetings this year, with some traders predicting a potential half-point cut. Powell noted that a rate cut before the September elections might stir political controversy, but reiterated that decisions will be based solely on economic performance.

Powell highlighted the Fed's success in combating high inflation without causing a recession. He and other economists acknowledged that recovery from pandemic disruptions and consumer expectations have played critical roles in stabilizing inflation. Meanwhile, Bank of England Governor Andrew Bailey expressed cautious optimism about declining inflation in the UK, though he warned that the challenge is not yet over.

168 similar articles

21

171

businessinsider.com/used-tesla-prices-ross-gerber-ev-sales-2024-8

Aug 28

Why this Tesla investor can't get a good price for his used EV: Tesla's resale values have been in freefall since 2022 as more and more secondhand models hit the ...

Quick Glance: Tesla Wins Court Ruling Against Louisiana

Tesla has won in a U.S. appeals court against the Louisiana Motor Vehicle Commission, which has been blocking direct vehicle sales in the state.

Several states in the U.S. have laws prohibiting direct sales of electric vehicles without third-party dealers, rooted in outdated regulations meant to protect car dealers.

In Louisiana, Tesla filed a lawsuit in 2022 against the commission and local dealerships for colluding to deny its dealership license application.

The appeals court determined that Tesla demonstrated bias, and the case is now being sent back to the U.S. District Court in New Orleans.

34

Aug 27

China's PDD suffers $55 bln market cap wipeout after flagging an uncertain market

reuters.com/world/china/temu-owner-pdd-holdings-misses-quarterly-revenue-estimates-2024-08-26/

29

Aug 31

How feasible are office-to-apartment conversions in Seattle?: Around 15% of office buildings in the Seattle market are strong candidates for conversion to ...

st.news/4gaiTvE

Quick Glance: Office-to-Apartment Conversions in Seattle: Prospects and Challenges

Converting office buildings into apartments could revitalize downtowns and address housing shortages.

Only 15.1% of office buildings in Seattle are considered strong candidates for conversion, ranking the city ninth among 13 major markets.

The Yardi Conversion Feasibility Index rates buildings on various criteria, with historic properties often having better conversion prospects.

Financial considerations and factors such as walkability and transit access are critical for the conversion of office buildings.

17

Aug 28

Berkshire Hathaway hit $1 trillion market value, making it the first US non-tech company to achieve the milestone

cnn.com/2024/08/28/markets/berkshire-hathaway-one-trillion/

Quick Glance: Amazon Withdraws $115 Million Investment in Diamond Sports

Diamond Sports Group, operator of regional sports networks, relied on Amazon's investment to avoid liquidation.

However, Amazon has canceled its planned $115 million investment, further jeopardizing Diamond's future.

Experts speculate that Amazon may have been dissatisfied with Diamond's evolving business plan or distracted by a recent NBA deal.

Despite the withdrawal, Amazon could still serve as a streaming platform for Diamond's content if the company emerges from bankruptcy.

15 similar articles

141

533

Khaleej Times Sep 05

Dubai: Mashreq Metro station to now be renamed as InsuranceMarket - News | Khaleej Times

khaleejtimes.com/uae/dubai-mashreq-metro-station-to-now-be-renamed-as-insurancemarket

Quick Glance: Mashreq Metro Station Renamed to InsuranceMarket

Mashreq Metro Station will now be known as InsuranceMarket Metro Station, as announced by the Roads and Transport Authority (RTA).

The name change is valid for 10 years and will be implemented from September to November this year.

The RTA views the naming rights as part of successful public-private partnerships aimed at stimulating economic growth in Dubai.

Avinash Babur, CEO of InsuranceMarket.ae, highlighted the significance of this collaboration for brand recognition and its positive impact on Dubai's residents and visitors.

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140

CNBC

B

Sep 04

Atlanta Fed President Bostic says officials can't wait for inflation to hit 2% before cutting

cnbc.com/2024/09/04/atlanta-fed-president-bostic-says-officials-cant-wait-for-inflation-to-hit-2percent-before-cutting.html

reuters.com/markets/deals/indian-auto-parts-maker-motherson-launch-715-million-share-sale-sources-say-2024-09-04/

26

Reuters

A

Sep 04

Indian auto parts maker Motherson to launch $715 million share sale, sources say: One of India's largest makers of auto parts, Samvardhana Motherson ...

8

Aug 24

Why Safaricom wants tight controls for billionaire Musk’s Starlink satellite in Kenya

nation.africa/kenya/business/companies/why-safaricom-wants-tight-controls-for-billionaire-musk-s-starlink-satellite-in-kenya-4736936

95

Aug 23

Nestle needs to invest to grow, incoming CEO tells Swiss newspaper: Nestle must invest in its brands and innovations to increase the food-maker's market share ...

reuters.com/business/retail-consumer/nestle-needs-invest-grow-incoming-ceo-tells-swiss-newspaper-2024-08-23/

49

Sep 01

Honda executives expose a cruel reality of the US EV market: The Japanese automaker currently sells just one EV in their North American lineup.

thestreet.com/electric-vehicles/honda-executives-reality-ev-market

8

Sep 04

This week could shift the focus of a key narrative for Harris and Trump: You know the feeling you have the second you step off a Tilt-A-Whirl? That moment when ...

cnn.com/2024/09/04/economy/economy-jobs-report-harris-trump-nightcap/

52

Aug 22

Dollar doldrums deepen on dovish Fed tone before Jackson Hole: The dollar traded near the lowest in more than a year against the euro and sterling on Thursday as ...

reuters.com/markets/europe/dollar-doldrums-deepen-dovish-fed-tone-before-jackson-hole-2024-08-22/

59

Aug 23

Fed’s Bostic Says He Now Might Favor More Than One 2024 Cut: Federal Reserve Bank of Atlanta President Raphael Bostic said it’s possible that more than one ...

bloomberg.com/news/articles/2024-08-23/fed-s-bostic-says-he-now-might-favor-more-than-one-cut-this-year

7

Aug 29

EU new car sales flat in July as battery-electric slumps, industry body ACEA says

reuters.com/business/autos-transportation/eu-new-car-sales-flat-july-battery-electric-slumps-industry-body-acea-says-2024-08-29/

18

Aug 28

Wall Street little changed in run-up to Nvidia earnings: U.S. stocks fell on Wednesday ahead of a quarterly report from Nvidia, Wall Street's centerpiece event ...

reuters.com/markets/us/futures-subdued-markets-await-nvidia-test-2024-08-28/

7

Aug 23

Bank of Japan governor Kazuo Ueda warns global markets are ‘unstable’: No change to central bank’s basic stance on monetary easing, Ueda tells parliament

ft.com/content/b168bb8d-227d-479a-81a4-93d07d6bf4f1

Quick Glance: Bank of Japan Governor Highlights Market Instability

Bank of Japan Governor Kazuo Ueda cautioned that global markets are unstable while reaffirming his commitment to raising interest rates if Japan's inflation and economic growth remain on track. His remarks followed a period of significant market volatility, with the yen dropping to a historic low before surging over 10 percent.

Ueda pointed out that recent volatility was largely driven by concerns about the US economy, stressing that both domestic and international markets remain unstable. The central bank's fundamental stance is unchanged, indicating a willingness to adjust monetary policy if economic and price developments align with forecasts.

The July decision to raise the short-term policy rate by 0.15 percentage points to 0.25 percent was defended by Ueda as a reaffirmation of the positive economic outlook. He acknowledged that while Japan's short-term rates are still low, there is a push for normalization, and uncertainty about the ultimate interest rate level persists.

Finance Minister Shunichi Suzuki noted that the government has not officially declared an end to deflation, despite economists predicting modest rate increases by the BoJ in 2024. The July rate hike surprised many market participants and led to a significant rise in the yen, amid ongoing concerns about a potential US recession.

32

Sep 02

‘Ticking time bomb’: Plunging office values alarm Washington: Fed Chair Jerome Powell has voiced concern, saying that commercial real estate risk “will be with ...

politico.com/news/2024/09/02/office-property-values-fed-00174697

20

Sep 05

India's Raymond Lifestyle falls after debuting with $2.2 bln valuation: Indian apparel maker Raymond Lifestyle , carved out of Raymond , notched a $2 ...

reuters.com/world/india/indias-raymond-lifestyle-falls-after-debuting-with-22-bln-valuation-2024-09-05/

6

Sep 05

America and India’s Green Trade Opportunity: How to Shore Up Flagging Economic Relations

foreignaffairs.com/united-states/america-and-indias-green-trade-opportunity

1

Aug 27

The Crisis of Indian Capitalism: Why Politicians Choose Statist Solutions Over Economic Reforms

foreignaffairs.com/india/india-elections-narendra-modi-yamini-aiyar

5

Sep 01

New Zealand house prices to rise 6% next year on lower interest rates: New Zealand house prices are forecast to reverse a recent decline and rise 6% next year as ...

reuters.com/markets/new-zealand-house-prices-rise-6-next-year-lower-interest-rates-2024-09-01/

8

Sep 06

August jobs report: Economy added disappointing 142,000 jobs as unemployment fell to 4.2%

usatoday.com/story/money/2024/09/06/jobs-report-august-data/75091436007/

15

Sep 05

Fuel Price Hike: Transport fares soar in Kaduna: The cost of transportation for a commercial tricycle (Keke) from the Kaduna central market to Sabo was now N500 ...

premiumtimesng.com/regional/nwest/731396-fuel-price-hike-transport-fares-soar-in-kaduna.html

5

Aug 28

Brazil miner Vale's CEO announcement to curb market speculation, says chairman: Brazilian miner Vale's decision this week to announce a new chief executive ...

reuters.com/markets/commodities/miner-vales-chairman-says-board-prioritized-ceo-choice-avoid-market-noises-2024-08-27/

13

Sep 01

This $68M Lake Minnetonka mansion will become Minnesota’s most expensive house — if it sells

startribune.com/this-68m-lake-minnetonka-mansion-will-become-minnesotas-most-expensive-house-if-it-sells/601135538

saudigazette.com.sa/article/645150

14

156

Saudi Gazette/ Aug 28

Turki Al-Sheikh announces details of Riyadh Season 2024, set to begin on Oct. 12: Turki Al-Sheikh announces details of Riyadh Season 2024, set to begin on Oct ...

6

Aug 25

Finally, America’s housing market is starting to loosen up. But it’ll be a bumpy road back

cnn.com/2024/08/25/economy/housing-market-recovery/

269

Sep 08

Employers in America want to hire more workers. Just not right now: It couldn’t be clearer at this point that the US labor market is cooling.

cnn.com/2024/09/08/business/hiring-election-interest-rates/

22

Aug 31

What Is RealPage? DOJ Sues Software Firm Using Algorithm Enabling Landlords to Fix High Rents

democracynow.org/2024/8/27/housing_realpage_election

6

Sep 05

Exclusive: Vista and Blackstone in talks to acquire software maker Smartsheet, sources say

reuters.com/markets/deals/vista-blackstone-talks-acquire-software-maker-smartsheet-sources-say-2024-09-05/

2

Aug 29

‘Like throwing myself at a wall’: UK graduates struggle in ‘insane’ job market: ‘Hostile and impersonal’ process to find first job after university leads many to ...

theguardian.com/money/article/2024/aug/29/uk-graduates-struggle-job-market

28

Sep 04

Half a house, half a million: A tree-crushed home hits the market: A few months after being crushed by a falling tree, a Monrovia home is on the market for $499 ...

latimes.com/california/story/2024-09-04/half-a-house-half-a-million-a-tree-crushed-home-hits-the-market-in-monrovia

4

Aug 29

Nvidia faces looming inflection point: When AI models go into widespread use in applications for consumers and businesses, chip demand may change

ft.com/content/94650ec1-521e-4e1c-ac3b-f18baa22e766

10

Aug 24

Dow soars over 450 points as Wall Street cheers Fed rate cuts are on the way: Stocks rallied on Friday as dovish remarks from Federal Reserve Chair Jerome Powell ...

nypost.com/2024/08/23/business/dow-soars-over-400-points-as-wall-street-cheers-fed-rate-cuts-are-on-the-way/

1 similar article

34

240

The Drive Aug 24

‘Can’t Force Customers to Change Their Mind on EVs’: American Honda CEO: Honda's top brass says that no matter how many incentives EVs get ...

thedrive.com/news/cant-force-customers-to-change-their-mind-on-evs-american-honda-ceo