Hedge fund selling is accelerating: Citi
Investing.com — Long-only managers increased their exposure this past week, with the largest additions in tech, industrials, and financials, Citi said in a Tuesday report. On the other hand, they…
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Foreign smartphone sales in China drop 12.7% in August, data show
BEIJING (Reuters) – Sales of foreign-branded smartphones, including Apple Inc (NASDAQ:AAPL)’s iPhone, in China fell 12.7% in August year-on-year, according to data released on Wednesday from a government-affiliated research firm.…
Berkshire sells more BofA shares, netting $9 billion since July
(Reuters) – Warren Buffett’s Berkshire Hathaway (NYSE:BRKa) has offloaded more shares in Bank of America, its latest filing showed on Tuesday, raking in about $9 billion since July. The conglomerate…
Embraer says South Africa in talks for purchase of C-390 aircraft
SAO PAULO (Reuters) – South Africa has advanced in talks for a potential purchase of Embraer’s C-390 Millennium, the Brazilian planemaker said on Wednesday, after showcasing the military cargo aircraft…
Meta readies AR glasses reveal at Connect event
By Katie Paul (Reuters) – Facebook (NASDAQ:META) owner Meta prepared on Wednesday to kick off its annual Connect conference at its California headquarters, where it is expected to preview its…
iPhone 16 lead times remain lower says Morgan Stanley
Investing.com — Apple (NASDAQ:AAPL) iPhone 16 lead times are tracking lower than previous models, according to a note from Morgan Stanley on Tuesday. The investment bank said that as of…
Obesity drug developer BioAge Labs targets up to $640 million valuation in upsized US IPO
(Reuters) – BioAge Labs is eyeing a valuation of up to $639.7 million in its upsized initial public offering in the United States, the obesity drug developer said on Wednesday,…
HSBC revises UK sector ratings: Boosts Telecoms, Real Estate, cuts Energy
Investinf.com — Analysts at HSBC in a note dated Wednesday have revised their sector ratings within the UK, reflecting a more cautious stance as the macroeconomic landscape remains uncertain. The…
Futures slip as investors await economic data, Fed rate clues
(Reuters) – U.S. stock index futures slipped on Wednesday, with investors avoiding big bets as they awaited more clues on the health of the economy and the outlook for interest…
Bank of America CFO says Fed seems to be winning inflation battle
(Reuters) – The Federal Reserve seems to be winning the inflation battle in the United States, Bank of America CFO Alastair Borthwick said at a conference on Wednesday. “The Fed…