HSBC appoints Georges Elhedery as group CEO starting Sept. 2
Elhedery, who is the current chief financial officer, will replace outgoing head Noel Quinn in September.
Don’t use astrology to pick stocks, experts say: It’s ‘neither optimal nor ideal’
Stefaniya Nova is one of many other astrologists who are taking to TikTok to dole out their two cents on where to park your finances.
This 28-year-old raised $20 million for his mental health startup. His No. 1 advice? ‘Be a bit delusional’
Theodoric Chew, 28, is the co-founder and CEO of mental health startup Intellect. The company has raised over $20 million since 2019.
Gold eases after hitting fresh record
On Monday, Fed Chair Jerome Powell said the Fed won’t wait for inflation to reach the central bank’s 2% target before it begins cutting.
CNBC Daily Open: Dow soars 700 points to record close
The Dow Jones Industrial Average rose more than 700 points to close at another record high as the bull run appeared to broaden.
PwC weighs halving of China financial services audit staff, Reuters reports
PwC may cut up to half its financial services auditing staff in China due to a regulatory investigation and a client exodus, impacting business prospects.
Asia-Pacific markets mixed with Australia hitting fresh all-time high; yen intervention suspected
Japan’s Nikkei 225 climbed after the Reuters Tankan survey showed an increase in business optimism among large Japanese manufacturers.
Morgan Stanley hikes price targets for Asian stocks it says will benefit from greater iPhone demand
Two such stocks received new price targets that gave them more than 30% potential upside.
‘Too cheap to ignore’: Buy this under-the-radar global bank with a 9% yield, analyst says
The bank, founded in 1820, reported that first-half profit hit $2.87 billion.
