(Bloomberg) — China’s central bank unexpectedly cut its key interest rate by the most since 2020 to prop up an economy that faces new risks from deteriorating real estate and weak consumer spending. Most Read from Bloomberg The People’s Bank of China cut the interest rate on its one-year loans – or medium-term lending facility … Read more
nvidia (NVDA), micron technology (in), steel dynamics (STLD), Teledyne Technologies (TDY) And homogeneous force (MPWR) is the biggest gainer in the S&P 500 stock market today. The S&P 500 rose 0.6% on Monday. The Nasdaq jumped 1.05%, retracing just 50 days. NVDA stock rose 7.1% to 437.53, reclaiming the 50-day line after falling below that … Read more
(Bloomberg) – Zhongzhi Enterprise Group Co., Ltd. In 1995 as a timber company, it has grown into a financial conglomerate with more than 1 trillion yuan ($138 billion) in management. Now it risks becoming the latest Chinese financial giant to fail. Most Read from Bloomberg The under-the-radar group, often dubbed China’s Blackstone by local media, … Read more
main sockets Shares of Eli Lilly hit a record high after the company completed two acquisitions earlier this year. The deals expand Lilly’s reach into potential diabetes and obesity treatments Together, the two deals could be worth more than $2 billion, if certain conditions are reached. Shares of Eli Lilly (LLY) reached an all-time high … Read more
font size US Steel rejected an unsolicited buyout offer from rival Cleveland Cliffs. Sean Gallup / Getty Images Stock futures rose on Monday as markets faltered in August, adding to this year’s rally. The focus on Wall Street this week will be the minutes of the Federal Reserve’s latest policy meeting and earnings reports … Read more