Finance

In the ever-evolving world of finance, experts are predicting a bullish move for both value and growth stocks in the second half of the year. Todd Rosenbluth, from VettaFi, believes that value stocks, which have been trailing behind, could see a boost from the FTSE Russell’s annual rebalancing. According to Rosenbluth, the dominance of growth

JPMorgan Chase, the largest U.S. bank in terms of assets, recently announced an increase in its quarterly dividend by 8.7% to $1.25 per share. In addition, the banking behemoth authorized a new $30 billion share repurchase program. This bold move showcases JPMorgan Chase’s commitment to rewarding its shareholders while also demonstrating confidence in its financial

Warren Buffett, the renowned investor and philanthropist, recently made headlines with his largest annual donation ever. In a generous act of giving, he contributed $5.3 billion in Berkshire Hathaway shares to five different charities. This significant donation showcases Buffett’s commitment to philanthropy and his desire to make a positive impact on the world. The beneficiaries

Apple’s highly anticipated mixed-reality headset has finally hit the shelves in China, but with a staggering 18% increase in retail price compared to the U.S. market. The disparity in pricing has raised eyebrows among Chinese consumers, with many questioning the rationale behind the higher cost. A customer in Beijing, identified only as Chen, went as

Protection of user data is a key aspect that needs to be addressed in the development and integration of artificial intelligence (AI) technology. In an exclusive interview with CNBC, George Zhao, CEO of Honor, highlighted the significance of safeguarding user data while emphasizing the transforming power of AI. Honor’s approach to AI operations involves limiting

Chewy shares experienced a significant rally following a post by Roaring Kitty on social media platform X. The post featured a picture that resembled the logo of the online pet food retailer, causing the stock to surge by as much as 34% to $39.10. However, these gains were short-lived as the stock later dipped by

In a recent panel discussion at the World Economic Forum’s “Summer Davos” meeting in Dalian, China, Wan Gang, the man behind China’s electric car strategy, proposed that Chinese investment in the European electric vehicles industry could be a mutually beneficial way forward for both sides amid ongoing trade tensions. He highlighted the potential for negotiations

Europe’s Stance on AI Regulation Europe is currently facing a dilemma that could potentially hinder its ability to keep up with global leaders in artificial intelligence. Prince Constantijn of the Netherlands expressed his concern that Europe is too focused on regulating AI rather than fostering innovation in the space. The EU has taken a tough

In the quest to boost the international usage of China’s currency, the yuan, various challenges and opportunities present themselves. The CEO of Hong Kong Exchanges and Clearing Limited, Bonnie Chan, emphasized the need for more diverse “applications” of the yuan, such as in stocks and bonds. In a world where the U.S. dollar reigns supreme,

In a recent interview with CNBC, Ming Wong, the vice president and CEO of Cisco Greater China, expressed his optimism about the company’s expanding business with Chinese electric car companies as they venture into overseas markets. Despite trade tensions and escalating tariffs on Chinese electric cars from the United States and likely the European Union,