CashNews.co With its economy floundering, the Chinese government recently announced a number of measures to help give it a lift. They include decreasing banks’ required reserve ratios, lowering key interest rates, and reducing the required downpayment percentage on second homes. In addition, China will allow institutions, including brokers, funds, and insurance companies, to use financing […]
CashNews.co Tesla (TSLA) announced third quarter deliveries on Wednesday that slightly missed expectations, sending the stock down about 3%. The EV maker delivered 462,890 vehicles in the three months ending Sept. 30, up 6.4% quarter over quarter to mark the first quarter of delivery growth this year. The numbers also came in ahead of the […]
CashNews.co Stocks soared on Friday as investors welcomed a key monthly jobs report that showed hiring remains robust in the US economy. The Middle East crisis and a return to work at US ports also stayed in high focus. The S&P 500 (^GSPC) added 0.9%, while the Dow Jones Industrial Average (^DJI) gained more than […]
CashNews.co Vanderbilt broke a 40-year losing streak against Alabama and got the first win over a top-five team in program history with a 40-35 stunner over the No. 1 Crimson Tide. The Commodores got a pick-6 in the first half and put the game away in the fourth quarter after Alabama QB Jalen Milroe fumbled […]
CashNews.co Over the past few years, there’s been a resurgence in the popularity of stock splits. The practice was commonplace in decades past, but had fallen out of favor, only to rebound in recent years. Companies will typically embark on this course after years of strong business and financial results, resulting in a surging stock […]
CashNews.co A season ago, Vanderbilt finished 2-10 and 0-8 in SEC play — losing the conference games by an average of 20.3 points. Its closest result was a 31-15 defeat to Auburn. There was no earthly reason to believe Vanderbilt football would be anything other than what Vanderbilt football has always — or most always […]
CashNews.co Reasonable quarter out of JPMorgan (JPM) this morning. Read more from our banking reporter David Hollerith. I hopped on JPM’s earnings media call and asked CFO Jeremy Barnum his views on housing post Fed rate cut. All in all, it didn’t sound like a housing boom was taking shape with lower rates — but […]
CashNews.co (Bloomberg) — Taiwan Semiconductor Manufacturing Co. is planning more plants in Europe with a focus on the market for artificial intelligence chips, according to a senior Taiwanese official, as the chipmaker expands its global footprint. Most Read from Bloomberg “They have started construction of the first fab in Dresden, they are already planning the […]
CashNews.co Can you believe the 2024 season is halfway over? Week 7 marked the official midway mark of the season. With every team getting two bye weeks in 2024, there are just seven weeks remaining in the regular season before conference championship week. We’ve learned a lot already, and things are about to get even […]
CashNews.co Jensen Huang is the CEO of Nvidia, now the world’s second-most valuable company.Chip Somodevilla/Getty Images Nvidia stock closed at a record high on Monday after surging 18% in nine trading days. The chipmaker’s market value soared by $517 billion — more than Oracle is worth. Nvidia and CEO Jensen Huang are riding high on […]