U.S. stock index futures saw an increase in evening trading following a session on Wall Street. The weaker-than-expected labor data sparked optimism among investors, leading to speculation about a potential rate cut in September. The positive sentiment was further bolstered by strong earnings reports, particularly from tech giant Apple Inc. The release of softer-than-expected nonfarm
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Universal’s recent release, “The Fall Guy,” starring Ryan Gosling and Emily Blunt, had a lackluster start at the box office, pulling in $3.15M from early showings and Wednesday advance screenings. The movie is projected to make around $35M-$40M over its opening weekend. This sluggish start can be attributed to delays in the production of feature
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Australia’s major banks are anticipated to report weaker first-half profits as operating costs remain high and competition for mortgage and deposit sales intensifies. This has led to a reduction in margins, putting a strain on overall profitability. Although historically, rising interest rates have been beneficial for the Big Four banks, the current scenario has forced
Eli Lilly recently announced a significant increase in its annual sales forecast due to explosive demand and increased manufacturing capacity for its weight-loss drug Zepbound. This development has driven the company’s shares to rise nearly 6% in value. The company expects to see substantial production increases in the second half of the year for its
Local Chinese authorities have recently lifted restrictions on Tesla cars after the company’s China-made vehicles successfully met the country’s data security requirements. This development came after Tesla CEO Elon Musk’s unexpected meeting with Chinese Premier Li Qiang in Beijing. The move is significant as Tesla’s electric cars are highly popular in China, but faced restrictions
The U.S. stock index futures are showing positive signs of advancement on Tuesday. Growth and chip stocks are gaining momentum, with major tech companies like Meta Platforms, Microsoft, and Tesla edging up in premarket trading. The tech sector is gearing up for quarterly earnings reports, starting with Tesla after the market close on Tuesday. Early
The recent price reductions made by Tesla and Li Auto have had a significant impact on the market share of both companies. Tesla cut the starting price of its Model 3 in China by 14,000 yuan, while Li Auto reduced prices for several models up to 30,000 yuan. These price cuts were aimed at increasing
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The uber wealthy live in a world apart, with investing strategies that set them apart from the average investor. According to Kevin Teng, CEO of WRISE Wealth Management Singapore, individuals with a total net worth of over $100 million are considered part of the 0.001% club of centimillionaires. Globally, there are around 28,420 centimillionaires, and