Asian stock markets showed mixed results on Thursday as they tracked the record highs set on Wall Street the night before. Despite the positive sentiment, the Japanese economy faced challenges as it shrank and the Biden administration increased trade tariffs against Beijing. The weak data from Japan raised doubts about the ability of the Bank
Netflix announced that its cheaper, ad-supported tier has seen a significant increase in global monthly active users, reaching 40 million. This growth is nearly double the figure shared by the streaming giant earlier in the year. Along with this milestone, the company revealed its plans to launch its own advertising platform and move away from
The current trend of investments flowing out of China to countries like India and Southeast Asia due to escalating tensions with the U.S. might be beneficial in the short term, but Shailendra Singh from Peak XV Partners believes that China will remain a significant market for investors in the long term. According to Singh, the
Minneapolis Fed President Neel Kashkari recently addressed the pressing need for a careful evaluation of monetary policy, pointing out the uncertainty surrounding its impact on the economy. Kashkari expressed his concerns during a moderated discussion at the 2024 Williston Basin Petroleum Conference in Bismarck, North Dakota. He questioned the extent of downward pressure imposed by
Warren Buffett, known for his successful investments and insights in the stock market, recently disclosed his latest stock pick in a regulatory filing. Berkshire Hathaway, his conglomerate, has purchased nearly 26 million shares of the insurance company, Chubb, with a stake valued at $6.7 billion. This investment has positioned Chubb as one of Berkshire’s top
Western style clothing, particularly denim, is experiencing a resurgence in popularity that is expected to drive stock market growth over the next several years. According to TD Cowen analyst Oliver Chen, the recent momentum in the denim category is sustainable and is likely to continue until at least the end of 2024. This resurgence is
Amazon, the e-commerce giant that has been steadily growing its share of the digital advertising market, has now set its sights on the traditional media landscape, with its recent participation in the Upfronts event. The move marks a significant shift in the company’s advertising strategy, as it seeks to compete with industry heavyweights like Meta
As the U.S. stock index futures maintain a steady pace, investors are eagerly awaiting the release of the key monthly consumer price index data. This crucial information will offer valuable insights into the future monetary policy decisions of the Federal Reserve. At 06:30 ET (10:30 GMT), Dow Jones Futures showed a slight increase of 20
Recently, it was reported that Scott H. Peters, a congress member representing California’s 50th congressional district, made a significant investment in U.S Treasury Notes (NYSE:GS). The transaction, which occurred on April 3, 2024, was disclosed to the Clerk of the House of Representatives on April 30, 2024. This investment falls within the range of $500,001
AMC Entertainment has recently experienced a surge in its stock price, driven by the return of “Roaring Kitty” – also known as Keith Gill. This surge has led to speculation about the potential for AMC to alleviate its significant debt load. CEO Adam Aron’s strategic acquisitions in 2015, including Carmike, Odeon, and Nordic theater chains,