Golden Financier – Page 331 – Investing and Stock News

Economy

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…

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Economy

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…

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Economy

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…

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Economy

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…

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Stock

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…

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Stock

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…

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Stock

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…

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Stock

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🚨…

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Stock

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…

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Investing

XPeng stock price analysis: technicals point to a 40% jump

The XPeng (XPEV) stock price has pulled back after peaking at $13.73 on September 30th as most Chinese companies were soaring. It retreated to $1o.8 on Monday, 21% below the…

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