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RLX Technology (NYSE:RLX) stock is still awarded a Hold investment rating. RLX’s second quarter revenue and earnings came in below expectations, but there are bright spots associated with China’s regulatory environment and the company’s R&D (Research & Development) capabilities. I looked at RLX Technology’s financial performance for the final quarter…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Experienced investors in China’s tech sector have seen this before. Walmart’s surprise plan to sell its stake in JD.com pushed shares of the Chinese ecommerce giant down more than 10 per cent…
Kamala Harris supercharged Democratic fundraising in July after taking over the top of the party’s presidential ticket, new federal filings show, helping erase what had been an emerging cash advantage for Republican nominee Donald Trump. The new filings also show independent presidential candidate Robert F. Kennedy Jr. facing dwindling campaign…
It is not a rare thing that as wealthy aging parents decline, some relatives seem to come out of the woodwork. They may not have spoken to Mom or Dad in years. But suddenly, they are so interested. They’ve learned one way or another that the parent is “losing it”…
Mortgage rates moved up a bit this week but are still at the lowest point they have been in more than a year. Freddie Mac’s latest Primary Mortgage Market Survey, released Thursday, showed that the average rate on the benchmark 30-year fixed mortgage edged up to 6.49% this week from 6.47%…
Student loan forgiveness hasn’t helped a swath of borrowers who say they’re still in a tight spot financially, according to a recent Wall Street Journal report. The article, published Saturday, says that, of the more than 900,000 borrowers who have had their loans forgiven either entirely or in part through…
Borrowers with good credit seeking personal loans during the past seven days prequalified for rates that were higher for 3-year loans and lower for 5-year loans when compared to fixed-rate loans for the seven days before. For borrowers with credit scores of 720 or higher who used the Credible marketplace…
Newly appointed Starbucks CEO Brian Niccol won’t be required to relocate to the company’s headquarters in Seattle when he joins the coffee giant next month. Instead, Starbucks says Niccol can live in his home in Newport Beach, California and commute to Starbucks’ head office 1,000 miles away on a corporate jet,…
Shortly after the opening bell, we will be selling 100 shares of Morgan Stanley at roughly $100.85. Following the trade, Jim Cramer’s Charitable Trust will own 1,000 shares of MS, decreasing its weighting to 3.06% from 3.35%. We’re raising cash Tuesday because the S & P 500 and Nasdaq ‘s…
The launch of Boeing’s long-delayed 777X aircraft has encountered another problem, forcing the company to pause testing and dealing yet another blow to Boeing’s reputation for quality. Boeing discovered problems in a structural component between the engine and the plane’s wings in a test flight. Boeing said in a statement…