‘Someone with access to privileged information appears to have made hundreds of millions in profit by trading on a political secret before it became public.’
As Starbucks sells off most of its China business, local rival Luckin Coffee is expanding into higher-priced cold brews and other drinks. It’s also expanding its footprint in the US.
Apple saw particularly strong results in China, including Taiwan and Hong Kong. CEO Tim Cook says demand for the new iPhone 17 ‘was just simply staggering’.
The US Federal Reserve on Wednesday voted to take a break from a recent run of interest rate cuts, as the central bank navigates questions about its independence and awaits a new leader.
CNBC’s Investment Committee debate how important the next few days are for the rally as Mega Cap earnings, the Fed Decision and a potential government shutdown hang over stocks.