• November 27, 2024

SF Holding delivers a lacklustre trading debut in Hong Kong amid tepid market sentiment

SF Holding, China's largest courier deliverer often regarded as the nation's equivalent to FedEx, delivered a flat trading debut in Hong Kong amid tepid sentiment, a precursor to a busy week of stock debuts that will add several billion Hong Kong dollars to this year's listing proceeds. Trading under the 6936 code, SF shares rose by as much as 1.2 per cent to an intraday high of HK$35.50, after opening unchanged from its initial public offering price (IPO) of HK$34.30. The shares ended the day u

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• November 27, 2024

Chinese Stocks Jump as Stimulus Hopes Rise Ahead of Key Meeting

(Bloomberg) -- A rebound in Chinese stocks accelerated in afternoon trading amid speculation that a key economic meeting expected in December may unleash more stimulus. Most Read from BloombergNew York City’s ‘Living Breakwaters’ Brace for Stormier SeasIn Italy’s Motor City, Car-Free Options Are GrowingIn Kansas City, a First-Ever Stadium Designed for Women’s Sports Takes the FieldIn Traffic-Weary Toronto, a Battle Breaks Out Over Bike LanesChina’s CSI 300 Index closed 1.7% higher, posting its b

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• November 27, 2024

OpenAI allows employees to sell $1.5 billion stock to SoftBank, sources say

(Reuters) -ChatGPT-owner OpenAI is allowing its employees to sell roughly $1.5 billion worth of shares in a new tender offer to Japan's SoftBank Group, two sources familiar with the matter told Reuters on Wednesday. SoftBank's billionaire CEO Masayoshi Son has been persistent in seeking a larger stake in the startup after investing in the last funding round, according to CNBC, which first reported the news. The Microsoft-backed artificial intelligence start-up raised $500 million from the Japanese conglomerate, according to a media report, in a $6.6 billion funding round in October at a valuation of $157 billion.

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• November 27, 2024

Analysis-Black Friday: online marketing costs jump in bidding war with Temu and Shein

Heavy online marketing spending by Temu and Shein is making it more costly for other retailers and brands to reach shoppers on Black Friday, marketing and industry experts say, with both platforms bidding heavily on search keywords used by competitors. Typing a few words into a search engine is a key starting point for shoppers looking online for gifts or buying for themselves in Black Friday sales, the unofficial start of the holiday shopping season on the day after U.S. Thanksgiving. Retailers compete for their advertised products to appear high up in online search results, by bidding on keywords.

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• November 27, 2024

Apple misses out on big 2024 smartphone market rebound, IDC says

(Bloomberg) -- Global smartphone sales rebounded strongly in 2024 after two successive years of decline, but Apple Inc. barely managed growth, an independent study showed, underscoring the speed with which Android-based rivals are gaining ground in China and emerging markets.Most Read from BloombergNew York City’s ‘Living Breakwaters’ Brace for Stormier SeasIn Italy’s Motor City, Car-Free Options Are GrowingIn Kansas City, a First-Ever Stadium Designed for Women’s Sports Takes the FieldNYC's Und

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• November 27, 2024

Stock market today: S&P 500, Dow end at record as investors shake off tariff fears, digest Fed minutes

Stock markets recovered on Tuesday after Trump's latest tariff plans briefly derailed equities.

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• November 26, 2024

Former NFL star Rob Gronkowski says Apple stock was his best investment ever, turning $69,000 into $600,000

The NFL legend said he bought Apple stock on a tip from his home builder over a decade ago, and had forgotten about the investment for years.

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• November 26, 2024

Wall Street is bullish on sports investing as major leagues' values outpace the S&P 500 by up to 5 times. Here's the strategy and sectors top firms are betting on.

The value of Major League Soccer (MLS) was up by 1,565%, almost five times the index.

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• November 26, 2024

Watch These Dell Stock Price Levels After Post-Earnings Plunge

Dell shares fell 11% in extended trading Tuesday after the server and personal computer maker reported quarterly revenue that came in below Wall Street expectations. Monitor these important chart levels.

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• November 26, 2024

Google to test plain 'blue link' results for hotel searches in EU markets in latest DMA twist

Google has announced it's making more changes to how it displays search results in the European Union in response to continued complaints that it's failing to comply with the bloc's Digital Markets Act (DMA). This will include what it bills as a “short test” of plain “blue link” style search results for hotel queries in three EU markets (Belgium, Estonia, and Germany), which will be akin -- the company suggests -- to how its search engine originally displayed results. The EU's flagship market co

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