In July, China launched a bold initiative aiming to stimulate domestic consumption by encouraging trade-ins for household goods, such as cars and appliances, which aligns with its long-term economic goals. The government allocated a staggering 300 billion yuan (approximately $41.5 billion) in ultra-long special government bonds specifically designed for expanding policies around trade-ins and upgrades
Platforms
The National Football League (NFL) has made significant strides in expanding its fanbase both in the United States and globally through its strategic focus on streaming content. The league’s executive vice president of media distribution, Hans Schroeder, highlighted the integral role that exclusive streaming deals with media companies have played in growing the NFL’s audience.
In today’s rapidly changing financial landscape, the sources of investment advice are varied and unique. One such emerging group of advisors are ‘finfluencers’ – financial influencers who provide investment recommendations on social media platforms like TikTok. While the idea of taking financial advice from individuals on social media may seem risky, the popularity of finfluencers,
As the National Football League (NFL) season kicks off, automakers are diving back into advertising during football games after a lull in recent years. Companies like Toyota Motor Corporation, Hyundai Motor Company, and the Detroit automakers are gearing up to utilize the NFL as a primary advertising platform in the upcoming months. Toyota, in particular,
In a recent study conducted by SimplyCodes, it was found that Friday is the best day for consumers to find significant discounts while shopping online. The study analyzed coupon release patterns in marketing emails from 30,000 merchants between March and July. The data revealed that approximately 52% of coupon codes are released between Wednesday and
British fintech company Zilch recently disclosed that it achieved its first-ever month of profit, signaling a significant achievement for the organization as it sets its sights on a potential initial public offering. The company, which operates in the buy now, pay later space and competes with prominent players like Klarna and Block, revealed that it
Luxury king Bernard Arnault, the founder and CEO of LVMH, has been making waves in the tech world with his recent investments in artificial intelligence (AI) companies. With a net worth of $184 billion, Arnault has been leveraging his tech-focused venture firm and family office, Aglaé Ventures, to make significant AI-related investments over the past
Byron Allen, the media mogul known for his interest in purchasing various media assets for billions of dollars, has found himself in hot water due to consistent late payments at his broadcast stations. Network owners such as ABC, CBS, and NBC have reportedly been left waiting for payments from Allen Media Group-owned stations, with delays
China’s financial risks have apparently decreased according to People’s Bank of China Governor Pan Gongsheng. In a recent interview, Pan stated that the overall risk level has significantly declined and that the number and debt levels of local government financing platforms are also decreasing. However, the claim that the financial risks have dropped seems to
Alibaba recently reported its financial results for the June quarter of 2024, and the numbers fell short of expectations set by LSEG. The company’s revenue came in at 243.24 billion Chinese yuan ($34.01 billion), missing the 249.05 billion yuan expected. Similarly, Alibaba’s net income was 24.27 billion yuan, below the 26.91 billion yuan estimated. This