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Exclusive-China scrutinizes quant strategies as market weakness stokes public anger – sources

SHANGHAI (Reuters) - As China's stock market struggles to recover, regulators have started to probe some hedge funds and brokerages on quantitative trading...

Unprofitable China EV Maker Nio Unveils Phone Pitched at Drivers

(Bloomberg) -- While Chinese tech companies have long harbored ambitions to move into the electric car industry, EV upstart Nio Inc. has gone...

Medtech Makers Are the Real Losers From Obesity Drugs

The weight-loss drugs called GLP-1s are producing some of the market’s biggest losers: investors in companies that treat obesity complications. Advertisement -...

Chinese EV maker Nio launches first mobile phone

SHANGHAI (Reuters) - Chinese electric vehicle maker Nio Inc launched its first mobile phone on Thursday, in hopes that better software and connectivity...

Apple’s Taiwan Suppliers Resume Double-Digit Decline in August

(Bloomberg) -- Apple Inc.’s major suppliers in Taiwan suffered another double-digit sales decline in August as weak consumer demand dragged down the wider...

The frugal life of Warren Buffett: How the billionaire spends his fortune, from McDonald’s breakfasts to a rare and ‘indefensible’ splurge

"There are things money can't buy," Buffett once said at a shareholder's meeting. "I don't think standard of living equates with cost of...

‘Don’t worry, be happy’: 5 reasons why Bank of America just turned even more bullish on the stock market

Bank of America just turned even more bullish on the stock market heading into year-end.The bank increased its S&P 500 price target to...

As UAW, Detroit 3 fight over wages, here’s a look at autoworker pay, CEO compensation

Wages have been a big point of contention in ongoing UAW talks, with the union initially seeking a 40% pay increase and the...

Where Will CD Rates Go in 2024? Here’s What We Learned Today from the Fed

The Federal Reserve's announcement on interest rates was no surprise today—but it provided a set of clues we only receive from the Fed...

Futures: Stocks Tumble On Hawkish Fed, These Leaders Hit

Dow Jones futures fell after hours, along with S&P 500 futures and Nasdaq futures. X The stock market retreated after the Federal Reserve meeting, with...

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