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StocksBNB JPMorgan Chase & Co Investment banking revenue surges ➖ @stocksbnb ➖

Curated Headlines for 16 July 2024   South China Morning Post  Hong Kong stocks retreat after downbeat China data, Trump rally shooting  • China’s economy grew 4.7 per cent year-on-year in April-June, below market estimates of 5.1 per cent and June retail sales growth of 2 per cent year-on-year also lagged  https://www.scmp.com/business/markets/article/3270438/hong-kong-stocks-retreat-after-trump-rally-shooting-downbeat-china-data?module=top_story&pgtype=section  Explainer | What is ETF Connect? How does it help global investors tap China’s stock market?  • China is further opening up its stock market by offering 85 new ETFs tracking mainland equities through the cross-border trading channel for offshore investors next week    China is further opening up its US$8.4 trillion stock market by offering more options to global investors – 85 new exchange-traded funds (ETFs) tracking mainland equities are set to become available through the cross-border trading channel for offshore funds next week.  ETFs, which are funds that pool together a basket of securities and aim to offer returns that mirror the underlying market, are becoming increasingly popular in Asia. These transparent, low-cost, and diversified investment products are especially favoured by retail investors, with mainland China being one of the fastest-growing markets in the region.  https://www.scmp.com/business/companies/article/3270539/what-etf-connect-how-does-it-help-global-investors-tap-chinas-stock-market?module=top_story&pgtype=subsection  The Business Times  SIA Group passenger traffic up 7.2% in June  Demand driven by mid-year school holidays and summer travel season  https://www.businesstimes.com.sg/companies-markets/sia-group-passenger-traffic-7-2-june  US dollar holds steady, bitcoin jumps as markets weigh up a possible Trump victory  https://www.businesstimes.com.sg/companies-markets/capital-markets-currencies/us-dollar-holds-steady-bitcoin-jumps-markets-weigh-possible-trump-victory  Salesforce cuts about 300 jobs in latest sign of tech austerity  https://www.businesstimes.com.sg/companies-markets/telcos-media-tech/salesforce-cuts-about-300-jobs-latest-sign-tech-austerity  The Wall Street Journal  Powell Signals Rate Cut Coming Into View but Declines to Say When  Inflation and economic activity are cooling, in line with the Fed’s expectations  https://www.wsj.com/economy/central-banking/powell-signals-rate-cut-coming-into-viewbut-declines-to-say-when-103af55a?mod=hp_lead_pos3  Big Banks Helped by Wall Street Comeback  Goldman, JPMorgan and Citigroup all reported double-digit gains in investment-banking revenue  https://www.wsj.com/finance/banking/goldman-sachs-gs-q2-earnings-report-2024-aac02c66?mod=hp_lead_pos4  The New Holy Grail for Weight-Loss Drugs Is Sleep Apnea  Popular anti-obesity medicines are in testing for a range of other diseases. Positive results could prompt more insurers to pay up.  https://www.wsj.com/health/healthcare/sleep-apnea-weight-loss-drugs-00373f21?mod=hp_lista_pos1  Barron’s  Morgan Stanley Earnings: Wall Street Expects Rise in Profit, Wealth Management  https://www.barrons.com/articles/morgan-stanley-earnings-stock-price-a9a23eef?mod=hp_minor_pos22&adobe_mc=MCMID%3D88191765010678642473534626474338358817%7CMCORGID%3DCB68E4BA55144CAA0A4C98A5%2540AdobeOrg%7CTS%3D1721088070&_gl=1*1wyjsee*_gcl_au*Nzc3ODU2MDkzLjE3MTk4NzgxNzk.*_ga*ODQ0MDY0MDUxLjE3MTU4MTcyMTQ.*_ga_K2H7B9JRSS*MTcyMTA4NzgyMy40Ni4xLjE3MjEwODgwNjAuNDAuMC4w

StocksBNB Aztech Global Ltd (SGX: 8AZ) ➖ @stocksbnb ➖

Selected US Companies Earnings Release for the week beginning 15 Jul 2024

Curated Headlines for 15 July 2024   South China Morning Post  China’s Honor sees slim, AI-powered foldable smartphones driving premium market push  • Honor touts its new AI-powered 5G handset, the Magic V3, as the world’s slimmest foldable smartphone  https://www.scmp.com/tech/tech-trends/article/3270306/chinas-honor-sees-slim-ai-powered-foldable-smartphones-driving-premium-market-push?module=top_story&pgtype=section  CATL taps investors as world’s No 1 EV battery maker raises funds for global supply chain  • The fundraising is in line with CATL’s global strategy to promote the use of green energy, said the company  https://www.scmp.com/business/china-business/article/3270277/catl-taps-investors-worlds-no-1-ev-battery-maker-raises-funds-global-supply-chain?module=top_story&pgtype=subsection  As ETFs rise in popularity, individuals take charge while issuers race to meet demand  • Transparency and ease of trading have made ETFs the new darlings of investors, with a record US$118 billion flowing into such funds in Asia this year  https://www.scmp.com/business/markets/article/3270205/etfs-rise-popularity-individuals-take-charge-while-issuers-race-meet-demand?module=top_story&pgtype=subsection  The Wall Street Journal  Google Near $23 Billion Deal for Cybersecurity Startup Wiz  Deal would be tech giant’s largest acquisition ever  https://www.wsj.com/business/deals/google-near-23-billion-deal-for-cybersecurity-startup-wiz-622edf1a?mod=hp_lead_pos1  Amazon Hits Prime Time for Earnings Expansion  Advertising and cloud growth have boosted margins and made the stock’s valuation cheaper even as market cap surges past $2 trillion  https://www.wsj.com/business/retail/amazon-hits-prime-time-for-earnings-expansion-1d0cbcaf?mod=lead_feature_below_a_pos1  Pork Producer Smithfield Plans U.S. Stock Listing  China’s WH Group seeks to list Smithfield’s U.S. and Mexico business after acquiring the enterprise more than a decade ago  https://www.wsj.com/business/retail/pork-producer-smithfield-plans-return-to-equity-u-s-markets-1f9eeb37?mod=lead_feature_below_a_pos1    The Business Times  ‘Despicable Me 4’ stays comfortably atop North American box office  https://www.businesstimes.com.sg/lifestyle/despicable-me-4-stays-comfortably-atop-north-american-box-office  Yen hits four-week high, intervention questions circulate  https://www.businesstimes.com.sg/companies-markets/yen-hits-four-week-high-intervention-questions-circulate  Bitcoin hits US$60,000 as Trump shooting boosts re-election odds  https://www.businesstimes.com.sg/companies-markets/banking-finance/bitcoin-hits-us60000-trump-shooting-boosts-re-election-odds

StocksBNB Singapore Banking Monthly – Interest rates stagnate ➖ @stocksbnb ➖

StocksBNB Trade of the Day – Uber Technologies, Inc. (NYSE: UBER) ➖ @stocksbnb ➖

Curated Headlines for 12 July 2024   South China Morning Post  Chinese EV makers train sights on Middle East, Brazil, Russia after US, EU raise tariffs  • China has become the largest auto exporter to Israel this year, driven by electric car sales, while EV shipments have also surged in Russia and Brazil  https://www.scmp.com/business/china-business/article/3270034/chinese-ev-makers-train-sights-middle-east-brazil-russia-after-us-eu-raise-tariffs?module=top_story&pgtype=section  Li Ka-shing’s CK Infrastructure considering secondary listing overseas  • The Hong Kong-listed company controlled by the city’s wealthiest family says London is one of the options for a listing that will not include raising funds  https://www.scmp.com/business/banking-finance/article/3270120/li-ka-shings-ck-infrastructure-considering-secondary-listing-overseas?module=top_story&pgtype=section  Family sells The Peak villas at 35% discount as Hong Kong’s property woes hurt city elite  • Proceeds from the sale of the four town houses on 46 Plantation Road will be used to repay a private loan of as much as HK$1.6 billion due in January 2025, a source said  https://www.scmp.com/business/article/3269972/hong-kongs-ho-shun-pun-family-sells-4-homes-peak-us141-million?module=top_story&pgtype=section  Foxconn factories in China on hiring spree ahead of Apple’s AI-compatible iPhone 16 launch  • Apple’s next smartphone upgrade is one of its most anticipated in recent years because all new models are expected to support AI features  https://www.scmp.com/tech/big-tech/article/3270115/foxconn-factories-china-hiring-spree-ahead-apples-ai-compatible-iphone-16-launch?module=top_story&pgtype=section  The Business Times  Singapore Q2 growth beats expectations at 2.9%  Quarter-on-quarter growth improved at 0.4 per cent  https://www.businesstimes.com.sg/singapore/singapore-q2-growth-beats-expectations-2-9  Japan’s SoftBank acquires British AI chipmaker Graphcore  https://www.businesstimes.com.sg/companies-markets/telcos-media-tech/japans-softbank-acquires-british-ai-chipmaker-graphcore  US mortgage rates decrease as Fed rate-cut expectations mount  https://www.businesstimes.com.sg/property/us-mortgage-rates-decrease-fed-rate-cut-expectations-mount  The Wall Street Journal  Milder Inflation Opens Door Wider to September Rate Cut  Rise in consumer prices eased to 3% in June, further extending a recent slowdown in price increases  https://www.wsj.com/economy/central-banking/inflation-june-cpi-report-interest-rate-437fa772?mod=hp_lead_pos1  Delta’s Sagging Profit Signals Trouble for Airlines This Summer  Airports are attracting record traffic, but higher costs and discounted fares are expected to weigh on carriers  https://www.wsj.com/business/airlines/delta-dal-q2-earnings-report-2024-e025fb71?mod=hp_lead_pos3  PepsiCo, After Years of Price Hikes, Sounds an Alarm on Consumer Spending  Frito-Lay North America reports 4% drop in sales volume, warns that consumers are looking for more deals  https://www.wsj.com/business/earnings/pepsico-pep-q2-earnings-report-2024-4ec40017?mod=hp_lead_pos2