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Financial News Around the World

Chinese rival to Apple’s Vision Pro raises $70 million, doubles down on new strategy to win consumers

Chinese augmented reality glasses company Rokid announced it raised 500 million yuan ($70 million) in a funding round led by the government of Hefei city.

Published 12 January 2024
Categorised as Finance News

JPMorgan Chase is set to report fourth-quarter earnings. Here’s what the Street expects

JPMorgan will be watched closely for clues on how banks fared amid volatile interest rates and rising loan losses.

Published 12 January 2024
Categorised as Finance News

China posts higher-than-expected exports growth in December

China’s exports beat expectations in December, but failed to offset an overall decline for 2023, customs data showed Friday.

Published 12 January 2024
Categorised as Finance News

What to know before buying the first bitcoin ETFs. FOMO ‘is a poor investment strategy,’ expert says

The Securities and Exchange Commission has approved the first U.S. spot bitcoin exchange-traded funds. Here’s what to know before buying these assets.

Published 11 January 2024
Categorised as Finance News

U.S. deficit tops half a trillion dollars in the first quarter of fiscal year

The budget deficit totaled almost $510 billion, following a shortfall of $129.4 billion in December alone.

Published 11 January 2024
Categorised as Finance News

Stocks making the biggest moves midday: Paramount, Warner Bros. Discovery, Lyft and more

These are the stocks posting the largest moves in midday trading.

Published 11 January 2024
Categorised as Finance News

Here’s the inflation breakdown for December 2023 — in one chart

The consumer price index rose by 3.4% in December 2023, on an annual basis. That’s up from November, but there are reasons for optimism, economists said.

Published 11 January 2024
Categorised as Finance News

Consumer prices rose 0.3% in December, higher than expected, pushing the annual rate to 3.4%

The consumer price index for December was expected to increase 0.2% on a monthly basis and 3.2% from a year ago, according to Dow Jones.

Published 11 January 2024
Categorised as Finance News

Here’s what a bitcoin ETF actually means for investors

The SEC approved the first-ever spot bitcoin ETFs on Wednesday, paving the way to begin trade. Here’s what you need to know.

Published 11 January 2024
Categorised as Finance News

Shipping boss says ongoing Red Sea disruption could have ‘significant consequences’ for global growth

Maersk CEO Vincent Clerc said it was unclear whether Red Sea trade would resume in “days, weeks or months.”

Published 11 January 2024
Categorised as Finance News

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