DoorDash is in the middle of a massive spending initiative as it builds out a new tech platform following a string of acquisitions.
China's consumer prices rose 1% year-on-year in June, below economists' expectations and slowing from May. Meanwhile, wholesale inflation accelerated to 4.1%, driven by energy costs and demand for AI technology, though input cost inflation eased.
Luxshare Precision Industry, an Apple supplier, saw its shares drop over 5% in its Hong Kong trading debut on Thursday. The company priced its IPO at HK$63.28 per share, raising HK$24.27 billion ($3.09 billion).
Financial expert Nunn emphasizes automating savings by setting up direct debits or using round-up tools. He also advises building an emergency fund of 1-3 months' salary and warns about online financial influencers promoting risky products, especially crypto.
Electric vehicles (EVs) are becoming more popular but cost 30% more to repair and take 14% longer than petrol cars, leading to 10-25% higher insurance premiums. Design choices like component integration and expensive batteries contribute to repair costs, often resulting in cars being written off after minor damage. Efforts are underway to make EVs easier and cheaper to repair, which could lower insurance costs.
Jim Cramer expressed concern over a flood of new stock and bond issuances, including major deals from Alphabet, SpaceX, and Amazon, potentially threatening the bull market by overwhelming sidelined capital and demand.
Levi Strauss exceeded Wall Street's Q2 expectations for both earnings and revenue, prompting the company to raise its full-year guidance for adjusted EPS and sales. The denim maker also increased its dividend.
