The Finimize Daily Brief. Get everything you need to know about the day's biggest financial stories and trends, in five minutes or less, plus a regular Q+A with our world-class team of analysts.
Americans have fallen behind on car and credit payments, scaring investors away from consumer lending stocks, while the world’s biggest mining firm predicted that the AI sector’s exponential expansio…
UniCredit built up a stake in German rival Commerzbank, and the Italian bank has a merger on the mind, while China agreed to increase its retirement age for the first time in over four decades.
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OpenAI’s valuation is set to hit $150 billion, with tech giants said to be ready to line its coffers, while the European Central Bank cut interest rates to 3.5%.
Today’s stories:
US inflation cooled by slightly more than expected in August, while a popular type of ETF just launched in Europe for the first time.
Today’s stories:
Big Tech's been hogging the AI opportunities, leaving VC firms in limbo, while fresh data suggested that China’s headed toward a period of deflation.
Today’s stories:
Tesla needs tech support, and Elon Musk wants to task xAI with the job, while luxury brands fell out of fashion as China’s shoppers stopped spending.
Today’s stories:
The latest US jobs report left markets unsure about the size of the Fed's long-awaited rate cut, while American companies broke records in the bond market – raising $80 billion in a week alone.
Today’…
Intel flunked a crucial test, and now its $20 billion funding award is in question, while investors have funnelled nearly $1 trillion into active ETFs.
Today’s stories:
US stocks tumbled again, suggesting that investors are still on pins and needles, while Nvidia became the latest tech company to catch the US Department of Justice’s eye.
Today’s stories:
Volkswagen might close German factories for the first time ever, while the US notched a record number of 401(k) millionaires – with the stock market largely to thank.
Today’s stories:
The US government’s clean energy loan office went on a spending spree, while China’s economic turmoil weighed heavily on steel prices.
Today’s stories:
Tokyo’s inflation ticked up in August, giving the Bank of Japan a tap on the shoulder, while European stocks hit a record high – despite the region's drab economy.
Today’s stories:
OpenAI’s eyeing up a valuation over $100 billion, while foreign investors are fleeing India’s frothy stock market.
Today’s stories:
Nvidia rolled out better-than-expected results, while tough rules are forcing US tech giants to avoid Europe.
Today’s stories:
Coffee prices are picking up and causing a headache, while defense giants are about to be holding record levels of cash.
Today’s stories:
The Fed dropped a big hint about a September interest rate cut, while China's risking a trade war with its over-manufacturing.
Today’s stories:
Coal giants Arch Resources and Consol Energy struck a merger deal, while the British pound hit a six-month high against the US dollar.
Today’s stories:
China sniffed around Europe’s cheese exports, as tension between the two economies picked up pace, while the US economy added far fewer jobs than previously believed.
Today’s stories:
The price of gold hit an all-time high, with a single bar now worth $1 million, while Apple is set to make its priciest iPhone models in India.
Today’s stories:
7-Eleven’s parent company got a buyout proposal from Canadian rival Couche-Tard, while US startup failures rose 60% from a year ago.
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