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China's Stimulus Measures Show Gradual Impact Amid Economic Caution

China's recent stimulus measures are slowly impacting the economy, with cautious optimism from companies like Meituan, Alibaba, and Tencent regarding future growth. While manufacturing activity shows signs of improvement, the labor market remains weak, and external uncertainties pose risks. Analysts suggest that further fiscal support may be necessary to sustain momentum as the country aims for a growth target of around 5%.
CNBC
United States Dollar TENCENT Alibaba Meituan CHN Shaohui Chen Donald Trump Gabriel Wildau Show more
Finance & Economy, Market Report
00:05 05.12.2024

Trump Nominates Kelly Loeffler as Small Business Administration Administrator

President-elect Donald Trump has nominated former US Senator Kelly Loeffler to lead the Small Business Administration. He praised her business and political experience, stating she will work to reduce red tape and ensure accountability to taxpayers by addressing waste, fraud, and regulatory overreach.
Bloomberg.com
Small Business Administration USA Donald Trump Kelly Loeffler
Finance & Economy, Press Release
00:03 05.12.2024

US Stock Futures Steady After Record Day for Major Indices

U.S. stock futures showed little movement after the S&P 500 and Nasdaq reached new closing highs, with the Dow Jones Industrial Average also surpassing 45,000 for the first time. American Eagle's shares dropped over 13% due to a weak holiday forecast, while Five Below surged 14% following strong earnings. Investors are awaiting key economic data, including jobless claims and nonfarm payrolls, as the Fed signals a cautious approach to rate cuts amid a robust economy.
CNBC
United States Dollar Five Below, Inc. DOLLAR GENERAL Ulta Beauty, Inc. American Eagle Outfitters, Inc. Signet Jewelers Ltd Hewlett Packard Enterprise Co The Kroger Co. USA Jerome Powell Tony Pasquariello Michael M. Santiago Show more
Finance & Economy, Market Report
00:02 05.12.2024

Xreal Unveils Advanced AR Glasses with Self-Designed X1 Chip to Compete

Xreal has launched its latest augmented reality glasses, the Xreal One Series, featuring the new X1 chip, its first self-designed processor. This advancement eliminates the need for a companion device, enhancing connectivity with phones, laptops, and consoles. As competition intensifies from Meta and Snap, Xreal aims to redefine the AR glasses market, focusing on lighter form factors and improved user experiences, while addressing the current lack of compelling content.
CNBC
Alibaba Meta Qualcomm Inc Google Inc. Samsung Biologics Co.,Ltd. Snap Inc. CHN Chi Xu Show more
Technology & Innovation, News Article
00:00 05.12.2024

Amazon Introduces Buy with AWS Button to Enhance Cloud Software Sales

Amazon Web Services (AWS) has introduced a "Buy with AWS" button, enabling cloud software vendors to sell directly to AWS customers through their websites. This initiative aims to enhance customer and partner loyalty while simplifying the purchasing process, with no fees for software companies embedding the button. Prominent vendors like Databricks and Workday are expected to benefit from increased revenue and faster procurement through this integration.
CNBC
United States Dollar Workday, Inc. Microsoft Corporation WIZIT Co., Ltd. Google Inc. Databricks Amazon.com, Inc. Gartner, Inc. USA Ed Anderson Matt Garman David Meyer Matt Yanchyshyn Matthew Brandt Show more
Technology & Innovation, News Article
00:00 05.12.2024

Chinese Billionaire Gains Six Billion from RoyalFlush Trading App Surge

Chinese billionaire Yi Zheng, founder of the RoyalFlush trading app, has seen his wealth increase by $6 billion since the country's stimulus measures began in September. His company, Hithink RoyalFlush Information Network Co., is experiencing its best share performance in five years, driven by a surge in mainland stock trading.
Bloomberg.com
Hithink RoyalFlush Information Network Co., Ltd. CHN Yi Zheng
Finance & Economy, Market Report
00:00 05.12.2024

FDIC Initiates Direct Oversight of Fintech Companies Following Synapse Collapse

The Federal Deposit Insurance Corp. has initiated direct monitoring of financial-technology companies that collaborate with banks across the U.S. This new fintech monitoring system aims to help FDIC examiners identify potential vulnerabilities before they escalate into issues for banks.
bloomberg.com
United States Dollar Synapse USD USA
Regulatory & Legal, News Article
23:50 04.12.2024

Cleerly Secures 106 Million for AI Driven Heart Disease Detection Technology

Cleerly, a cardiovascular imaging startup, has raised $106 million in a Series C extension round led by Insight Partners to enhance its AI-driven heart disease detection technology. Founded by cardiologist James Min, the company aims to identify early-stage coronary artery disease through CT scans, potentially transforming heart health screening. With Medicare's recent approval for its plaque analysis test, Cleerly is positioned for significant growth as it seeks regulatory approval for broader screening applications.
TechCrunch
United States Dollar Elucid Fidelity Contrafund T. Rowe Price Group, Inc. Battery Ventures X LP HeartFlow Cleerly New York-Presbyterian Hospital/Weill Cornell Medicine Insight Partners USA James Min Scott Barclay Show more
Healthcare, News Article
23:44 04.12.2024

Third Point Investors Achieves 26.9 Percent Gain in November Performance

Dan Loeb’s Third Point Investors achieved a notable 7.1 percent gain in November, bringing its year-to-date performance to 26.9 percent. In comparison, the S&P 500, including dividends, recorded gains of 5.9 percent and 28.1 percent, respectively.
Institutional Investor
United States Dollar Third Point Investors USD Ord USA Dan Loeb Joey Cheung
Finance & Economy, Market Report
23:43 04.12.2024

Trump Appoints Former Congressman Billy Long as IRS Commissioner

President-elect Donald Trump has appointed former US Representative Billy Long as the new commissioner of the Internal Revenue Service. Long, who has experience as a business and tax advisor, is expected to lead efforts to renew and expand tax cuts, benefiting both taxpayers and IRS employees.
Bloomberg.com
Internal Revenue Service USA Donald Trump Billy Long
Finance & Economy, Press Release
23:40 04.12.2024
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