JD.com, a prominent Chinese online retailer, made headlines recently with its announcement of a $5 billion buyback plan. This move significantly impacted the company’s stock performance, with its Hong Kong-listed shares surging by 1.2% and its U.S. listed shares rising by 2.24%. Despite this positive response from investors, JD.com’s shares have still experienced a 20%
Xpeng, a Chinese electric car company, recently introduced its new mass-market Mona brand with prices starting at an affordable $16,812. This is significantly lower than Tesla’s cheapest Model 3, making it an attractive option for budget-conscious consumers. The company saw an overwhelming response, with over 10,000 orders for the Mona M03 electric coupe within just
As reported by CNBC TV’s producers, Nvidia has been a top performer in the stock market, with a significant rise of 179% in the last year. The stock has also surged 159% in 2024, showcasing its continued growth and potential. Despite being 8.8% from its June 20 high, analysts tracking the stock have shown a
The world has witnessed a staggering 95% increase in the population of crypto millionaires over the past year. Recent reports from New World Wealth and Henley & Partners indicate that there are now 172,300 individuals globally holding more than $1 million in crypto assets, a significant jump from the previous year’s count of 88,200. This
As the Federal Reserve gears up to cut interest rates, another critical aspect of the housing market is on the verge of facing a potentially challenging situation. The National Flood Insurance Program (NFIP), a vital government-sponsored insurance program, requires reauthorization by September 30th to continue issuing new policies or enhancing coverage on existing ones. The
When it comes to managing your investments, it’s crucial to explore various strategies that can help you maximize your portfolio’s potential. One lesser-known approach that has been gaining attention is tax-gain harvesting. This tactic involves strategically selling profitable assets in your brokerage account during lower-income years to take advantage of favorable tax rates. By implementing
In a recent note to investors, research firm MoffettNathanson highlighted the growing pressure on Amazon to increase profitability within its retail business. With Amazon Web Services (AWS) currently driving a significant portion of the company’s profits, the analysts predict that the retail operations will need to step up to fill the gap as AWS growth
With the upcoming National Basketball Association season just around the corner, Dallas Mavericks and New Orleans Pelicans fans are eagerly awaiting news on how they will be able to watch their favorite teams play local games. Both teams are parting ways with their regional sports networks owned by Diamond Sports, according to a recent bankruptcy
The Russell 2000 index has been experiencing some volatility recently, with a 10.1% gain in July followed by a 4% drop in August. According to ALPS’ Paul Baiocchi, this turbulence can be attributed to the overall composition of the index. Apollo Global estimates that 40% of the companies in the Russell 2000 have negative earnings.
Edgar Bronfman Jr.’s recent bid for a controlling stake in Paramount Global has significant implications for the future of the company, particularly in relation to Shari Redstone’s potential involvement. If successful, Bronfman’s offer could keep Redstone close to Paramount despite her current role as non-executive chairman. The special committee at Paramount Global is set to