Apple Watch Series 9 and Ultra 2 to be discontinued in the US – Bloomberg

2023-12-18 18:45:00 Apple will stop selling its latest smartwatch models in the United States due to patent disputes. The affected models will disappear from sales shelves during the holiday shopping season. According to the company’s announcement, sales of the Apple Watch Series 9 and Ultra 2 will be suspended from December 21st at online stores … Read more

Goldman raises next year’s S&P 500 target by nearly 9% – Bloomberg

2023-12-18 14:35:16 Goldman Sachs Group Inc. strategists have raised their 2024 target for the S&P 500 index just a month after setting it. Goldman’s Kostin expects S&P 500 to approach record high next year With the Fed’s dovish turn last week and inflation slowing, real yields will fall, supporting stock valuations, the team led by … Read more

China’s market slump hits the middle class as they withdraw from investments due to unemployment – Bloomberg

2023-12-18 12:36:02 When Thomas Chow, 40, a financial man from Shanghai, looks back on 2023, he can’t help but think about his household finances. His stock investment was reduced by 30% and his salary package was cut by 30%. The value of investment properties has fallen by 20%. “I feel like my heart is going … Read more

Indoji seeks extension as deadline approaches for final agreement on planned merger with Sony subsidiary – Bloomberg

2023-12-17 14:43:27 Indian media giant Zee Entertainment has applied for an extension of the deadline to finalize its merger agreement with Sony Group’s Indian subsidiary. This was disclosed by the company in a document filed with the stock exchange on the 17th. The two companies agreed to merge on December 22, 2021, with a deadline … Read more

The world is watching the Bank of Japan meeting – End of negative interest rates still a long way off – Bloomberg

2023-12-16 23:39:00 The world is closely watching the Bank of Japan’s monetary policy meeting to be held on the 18th and 19th. Although Bank of Japan Governor Kazuo Ueda has been working to end the world’s last remaining negative interest rate regime, it is highly unlikely that this will happen at this meeting. What we … Read more

Surveillance Commission Recommends Administrative Sanctions to SBI Securities – Stock Price Manipulation in 3 IPO Stocks – Bloomberg

2023-12-15 07:41:21 On the 15th, the Securities and Exchange Surveillance Commission recommended that the Financial Services Agency impose administrative sanctions on SBI Securities, a subsidiary of SBI Holdings, for manipulating the initial stock price during its initial public offering (IPO).announcementdid. According to the presentation materials, from December 2020 to September 2021, the executive officer and … Read more

U.S. retail sales unexpectedly positive as low gas prices support holiday spending – Bloomberg

2023-12-14 13:45:20 US retail sales unexpectedly increased in November. The drop in gasoline prices appears to have boosted consumption during the holiday shopping season. Key Point US retail sales increased 0.3% month on month Market expectation is 0.1% decrease The previous month was revised downward to 0.2% decrease (preliminary figure 0.1% decrease) Data is not … Read more

China’s President Xi continues to break conventions – negatively impacting investor sentiment – Bloomberg

2023-12-13 09:06:55 The Chinese leadership held a Central Economic Work Conference on the 11th and 12th, but President Xi Jinping was absent during the second half of this important meeting to decide economic management policy for 2024. Mr. Xi, who is also general secretary of the Chinese Communist Party, began a two-day official visit to … Read more