These are the stocks posting the largest moves in early trading.
Category: Finance News
Jefferies downgrades Nike, says wholesale and China pressures will keep stock in check
Analyst Randal Konik downgraded the apparel giant to hold from buy.
Guggenheim upgrades Microsoft, says generative AI is ‘too strong’ to ignore
Analyst John DiFucci upgraded the stock to neutral from sell, saying the “potential monetary benefit from Generative AI is too strong a force to contend with.”
Huawei stays silent on secretive 5G phone at high-profile product launch
Chinese telecommunications giant Huawei didn’t reveal any details about its new phone or reported advanced chip breakthrough during a high-profile launch event.
A top European software investor raises $700 million — defying the venture capital slump
Dawn Capital, one of Europe’s biggest backers of business-to-business software companies, raised $700 million in two new funds.
China-EU relationship is at a crossroads, top official says in Beijing
China’s relationship with the European Union needs to change, as the bloc’s trade chief asks for more openness and fairness from Beijing.
‘Who should I hire? Will I get rich?’ Fortune telling is a booming business in Singapore
From wealth, to weddings, and who to work with, more and more people are turning to fortune telling in Singapore.
China’s cutthroat competition hasn’t been lost with the slowdown. EV companies fighting to win
At least six Chinese electric car companies made product announcements in the last week.
IRS to target ‘unscrupulous’ tax preparers amid crackdown of small business tax credit
The IRS has unveiled plans to crack down on tax preparers with “questionable practices” as it elevates scrutiny of a small business tax credit.
Apple closes little changed as new iPhone is released. How to play the stock
Pros on CNBC debated Apple after the company launched its highly anticipated iPhone 15 on Friday.