Meta announces $300 Quest 3S, a cheaper take on mixed reality

Sep 25, 2024 | Markets

Quest headsets are commonly understood to be a loss leader. Analysts believe that Meta loses money with every unit sold. The strategy has been a big win for market share, as the social media giant is able to dramatically undercut competition like HTC Vive. It’s thus...

US Stock Rally Propped Up by Nvidia’s Climb: Markets Wrap

Sep 24, 2024 | Markets

Consumer confidence reading falls most in three years Companies with China exposure get a boost from stimulus plans US stocks held onto gains buoyed by a jump in Nvidia Corp.’s shares as traders largely shrugged off a grim consumer confidence reading. The S&P 500...

US Consumer Confidence Falls Most in Three Years on Labor Views

Sep 24, 2024 | Markets

Conference Board index dropped 6.9 points in September Labor metric fell an eighth month, longest streak since 2008 US consumer confidence unexpectedly fell in September by the most in three years on concerns about the labor market and the outlook for the broader...

China’s Tianqi to Keep Fighting for Say in SQM Lithium Deal

Sep 24, 2024 | Markets

Chile’s investor-friendly reputation is at stake, CEO Ha says ‘We do not rule out pursuing any legal measures necessary’ Tianqi Lithium Corp., a key shareholder in Chilean miner SQM, will continue its battle for a say in a deal that would determine ownership of one of...

German Business Confidence Dips in Latest Recession Warning

Sep 24, 2024 | Markets

Ifo expectations index edges down to 86.3 from 86.8; est. 86.4 Bundesbank says economy may already be in a downturn Germany’s business outlook worsened again – reinforcing fears that Europe’s biggest economy is in a recession with no quick rebound imminent. The Ifo...