Luckin Coffee stock analysis: Is Cotti Coffee a big threat?
Luckin Coffee (LKNCY) stock price has retreated in the past few days, moving from this month’s high of $28.80 to $23.35. It has dropped by about 40% from its highest…
Former Venezuelan oil minister arrested for alleged crimes against the nation
Pedro Tellechea, the former minister of Industry and Oil in Venezuela, has been arrested, as confirmed by the country’s Public Prosecutor, Tarek William Saab. This arrest presents the fifth oil…
Speed bumps ahead? Goldman Sachs downgrades outlook on Indian stocks, lowers Nifty 12-month target to 27K
Goldman Sachs Group Inc. has downgraded its outlook on Indian equities from overweight to neutral, citing concerns about weakening economic growth and corporate earnings. The downgrade comes as India’s key…
IMF cuts China’s growth forecast to 4.8%, warns property sector decline may threaten global economic stability
The International Monetary Fund (IMF) has revised its growth forecast for China, reducing its projection for 2024 to 4.8%, down 0.2 percentage points from its July estimate. This adjustment comes…
Bill Gates reportedly donates $50M to support Harris’s election campaign — here’s what we know
Bill Gates, the co-founder of Microsoft, has donated $50 million to Future Forward, a nonprofit organization supporting Kamala Harris in the upcoming US presidential election, according to a New York…
What is the end goal of China’s stimulus plan?
China has made significant moves to stimulate its economy over the past months, mainly due to mounting economic pressures. The People’s Bank of China (PBoC) recently implemented one of its…
Deutsche Bank beat third-quarter expectations, but what drove the surge?
Deutsche Bank, Germany’s largest lender, returned to profit in the third quarter, reporting a net income of €1.461 billion ($1.58 billion) attributable to shareholders. This surpasses the €1.047 billion forecast…
UK’s largest mortgage lender, Lloyds, reports third-quarter profits: Buy LLOY stock?
Lloyds Banking Group announced on Wednesday that its third-quarter profits exceeded expectations, reflecting growing financial confidence among its customers and reaffirming its performance guidance for 2024. The UK’s largest mortgage…
Are there more gains ahead for AppLovin?
AppLovin Corp (NASDAQ: APP) continues its remarkable ascent, hitting new all-time highs daily, including a peak of $163.13 yesterday. On October 22, Loop Capital initiated coverage on the stock with…
Prove AI launches enterprise-focused AI governance solution on Hedera blockchain
Prove AI AG, known for its state-of-the-art AI governance solutions, is launching its artificial intelligence product on the Hedera blockchain. With this move, Prove AI is prioritizing enterprise-focused solutions. Hedera@hedera·Follow🚨…