Pharma, ride-share providers among most overbought S&P 500 stocks
A group of well-known stocks including some industry titans could be in for a correction after getting snatched up during this week’s choppy trading. The S & P 500 and …
Morgan Stanley
Temu is ‘shopping like a billionaire’ for ads. What could go wrong?
By Bloomberg Published Feb 16, 2024 The business of selling cheap odds and ends online might prove to be just as short-lived as a polyester sweater from a fast fashion company. @bru …
Morgan Stanley to cut several hundred jobs in wealth unit
Morgan Stanley is planning to eliminate several hundred jobs, the first such move under CEO Ted Pick. The cuts will affect less than 1 per cent of employees in the …
Wish’s sale to Singapore’s Qoo10 ramps up competition for Temu, Shein
Global online shopping platform Temu is already climbing the ranks in the U.S. Apple Store. Bloomberg | Bloomberg | Getty Images Hours after Super Bowl viewers were inundated with ads …
Alibaba boosts share buy back as revenues miss estimates
By Reuters Published Feb 9, 2024 China’s Alibaba Group Holding on Wednesday missed analysts’ estimates for third-quarter revenue, hurt by a weak retail environment and faltering economic recovery in the …
New Hermes bull Morgan Stanley sees more gains for record rally
By Bloomberg Published Feb 8, 2024 After years on the sidelines, Morgan Stanley is finally joining the bulls pushing Hermes International shares to record highs. See catwalkHermes – Fall-Winter2024 – …
Wall Street snubs China for India in a historic markets shift
“People are interested in India for several reasons, one is simply it’s not China,” said Vikas Pershad, Asian equities portfolio manager at M&G Investments in Singapore. “There’s a genuine long-term …
Wealth manager for the super-rich names 3 stocks to buy right now
Equity markets have had a good start to the year with themes such as Big Tech continuing to reign supreme among investors. The benchmark S & P 500 Index is …
Wilson racket maker Amer Sports rises up to 6% after $1.37 billion IPO
By Bloomberg Published Feb 2, 2024 Amer Sports Inc. stock rose as much as 6.2% above its US initial public offering price after its first-time share sale priced below a …
Arc’teryx maker Amer Sports gets $1.3 billion in below-range IPO
By Bloomberg Published Feb 1, 2024 Amer Sports Inc. raised $1.3 billion in a US initial public offering priced below a marketed range, according to people familiar with the matter, …