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Financial News Around the World

Watches of Switzerland shares plunge by a quarter after Rolex buys retailer Bucherer

The Watches of Switzerland Group lost a quarter of its value on Friday after luxury watchmaker Rolex announced a deal to buy watch retailer Bucherer.

Published 25 August 2023
Categorised as Finance News

Dubai luxury home prices soar by almost 50%, with Tokyo’s up 26%. Here’s where other cities stand

Taking second and third places were Tokyo, which saw an annual 26.2% rise, and Manila, which climbed 19.9%. 

Published 25 August 2023
Categorised as Finance News

China’s EV slowdown drags down Nvidia’s ‘next billion-dollar business’

Chipmaker Nvidia this week soundly beat analysts’ expectations for major revenue lines — except in automotive — as Chinese demand for electric cars moderates.

Published 25 August 2023
Categorised as Finance News

Powell’s pivotal speech Friday could see a marked shift from what he’s done in the past

Many expect the central bank leader to change his stance so that he hits the ball pretty much down the middle.

Published 24 August 2023
Categorised as Finance News

Stocks making the biggest moves after hours: Affirm, Gap, Marvell and more

These are the stocks posting the largest moves in extended trading on Thursday.

Published 24 August 2023
Categorised as Finance News

Nvidia shares little changed despite earnings beat. What the pros say to do next

Pros on CNBC discussed Nvidia after the company beat both earnings and revenue estimates for the second quarter.

Published 24 August 2023
Categorised as Finance News

31% of investors are OK with using artificial intelligence as their advisor

Nearly 1 in 3 investors are comfortable implementing financial advice from a generative AI program without verifying it first, a CFP Board poll found.

Published 24 August 2023
Categorised as Finance News

August once again lives up to its dismal reputation for stocks

The S&P 500 is down more than 3% this month, on pace to snap a five-month winning streak.

Published 24 August 2023
Categorised as Finance News

There’s no ‘free lunch’ with high-interest cash options, advisor says. How to plan for taxes

Savers are now getting higher cash yields after interest rate hikes. But taxes on those earnings could be a surprise, experts say. Here’s how to prepare.

Published 24 August 2023
Categorised as Finance News

Barbara Corcoran says this is the No. 1 mistake new home buyers can easily avoid: ‘Go back for another look’

Corcoran has over 40 years of experience in the real estate business and says this is the most common mistake people make when buying their first home.

Published 24 August 2023
Categorised as Finance News

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