By Koh Gui QingNEW YORK (Reuters) – Asset managers of public and private funds believe that certain Chinese stocks are trading at attractive prices, but they are not buying just yet because of uncertainty around the upcoming U.S. elections, an investment adviser said.Christopher Ailman, the former chief investment officer of the California State Teachers’ Retirement System (CalSTRS), said China was the focus of a regular discussion that he moderated last week for more than a dozen money managers at the 300 Club, which describes itself on its website as a group of leading investment professionals who aim to raise awareness…
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Apple (AAPL) stock hit a new intraday high of $237.49 on Tuesday, eclipsing its prior record of $237.23 on July 15. The stock’s climb added about $70 billion to its market capitalization, putting it further ahead of Nvidia (NVDA) as the world’s most valuable company after Nvidia’s gains jeopardized the iPhone maker’s lead.The stock pared gains after notching the record, gaining about 1.5% in afternoon trading. Meanwhile, Nvidia fell around 4%.Apple’s upward move comes a day after preliminary data showed rising demand for iPhones in the third quarter. Global iPhone shipments rose 3.5% from last year, according to the International…
A fresh market commentary from Stifel says the may experience another leg higher followed by a sharp decline in 2025. The firm’s strategists predict that the index could see a 10% increase before reversing course next year, potentially falling back to levels observed at the beginning of 2024. This would see the U.S. benchmark index rising to about 6,400. Despite positive sentiment surrounding the U.S. economy and potential Federal Reserve interest rate cuts, the benchmark index is expected to plummet by 26% to approximately 4,700 in 2025. Stifel analysts argue that the current overperformance of growth versus value stocks is…
Inno Holdings Inc. (NASDAQ:INHD), a Texas-based steel pipe and tubes manufacturer, announced significant changes to its executive team and board of directors today. The company accepted the resignation of Tianwei Li as Chief Executive Officer, though he will continue serving as Chief Financial Officer and a director. Li’s departure from the CEO role was not due to any operational or financial disagreements. Concurrently, the company announced the resignation of Li Gong, who served as Chief Operations Officer, and Ying Liu, who stepped down as Chairwoman and a director of the Board. Chen Sung also resigned from his position as a…
(InvestigateTV) — According to a Marketing Dive study, 81% of consumers said social media posts from influencers, friends or family members drove interest in an item or service within the past year.But Michael Joyce with the financial firm CW Advisors said those looking to influencers and others for advice on financial investments should always know their “why”.“You really have to ask yourself, ‘why am I investing in this?’” Joyce said. “Am I investing in this because other people are doing it and it’s a fear of missing out that they’re going to invest in it? You really want to think of…
By Koh Gui Qing NEW YORK (Reuters) – Asset managers of public and private funds believe that certain Chinese stocks are trading at attractive prices, but they are not buying just yet because of uncertainty around the upcoming U.S. elections, an investment adviser said. Christopher Ailman, the former chief investment officer of the California State Teachers’ Retirement System (CalSTRS), said China was the focus of a regular discussion that he moderated last week for more than a dozen money managers at the 300 Club, which describes itself on its website as a group of leading investment professionals who aim to…
(InvestigateTV) — According to a Marketing Dive study, 81% of consumers said social media posts from influencers, friends or family members drove interest in an item or service within the past year.But Michael Joyce with the financial firm CW Advisors said those looking to influencers and others for advice on financial investments should always know their “why”.“You really have to ask yourself, ‘why am I investing in this?’” Joyce said. “Am I investing in this because other people are doing it and it’s a fear of missing out that they’re going to invest in it? You really want to think of…
Apple (AAPL) stock hit a new intraday high of $237.49 on Tuesday, eclipsing its prior record of $237.23 on July 15. The stock’s climb added about $70 billion to its market capitalization, putting it further ahead of Nvidia (NVDA) as the world’s most valuable company after Nvidia’s gains jeopardized the iPhone maker’s lead.The stock pared gains after notching the record, gaining about 1.5% in afternoon trading. Meanwhile, Nvidia fell around 4%.Apple’s upward move comes a day after preliminary data showed rising demand for iPhones in the third quarter. Global iPhone shipments rose 3.5% from last year, according to the International…
Former US President and Republican presidential candidate Donald Trump listens during a town hall at the Greater Philadelphia Expo Center and Fairgrounds in Oaks, Pennsylvania, on October 14, 2024. Jim Watson | Afp | Getty ImagesKamala Harris mocked Donald Trump’s behavior at an unusual campaign event, where the GOP presidential nominee cut short a question-and-answer session to listen to music with the crowd for nearly 40 minutes.”Hope he’s okay,” Harris, the Democratic nominee, wrote on X early Tuesday morning.The vice president’s tweet was replying to her campaign X account’s post saying, “Trump appears lost, confused, and frozen on stage as multiple…
WASHINGTON (Reuters) – The World Bank, under pressure to do more to help developing countries cope with climate change, voted on Tuesday to change its internal lending guidelines to free up $30 billion in additional lending capacity over the next decade, World Bank President Ajay Banga told Reuters. Banga said the bank’s International Bank for Reconstruction and Development (IBRD) arm would lower its equity-to-lending ratio by 1 percentage point to 18%, taking on a bit more risk, in line with an independent report prepared for the Group of 20 (G20) major economies. The move, coupled with changes in the bank’s…