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China e-commerce giant JD.com's 10 billion-yuan subsidy scheme fails to impress; shares hit an all-time low, erasing US$36 billion of market value

The effectiveness of JD.com’s 10 billion-yuan (US$1.37 billion) subsidy programme, which was aimed to fend off industry rivals, has been questioned by investors as margins shrink and revenue growth underperforms.
Hong Kong Wu Liuyan Bytedance Douyin Shawn Yang Zixiao Richard Liu Qiangdong While August
Source: scmp.com

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'60% Upside Is in the Cards,' Says Morgan Stanley Regarding These 2 Buy-Rated Stocks

While August brought with it a pullback following the market’s strong so far this year, the past few sessions have seen momentum build again. The good news, according to Andrew Slimmon, managing director and senior portfolio manager at Morgan Stanley Investment Management, is that the market’s advance is set to continue. Boosted by the Q3 earnings season, Slimmon sees the S&P 500 nearing the 5,000 mark by the end of the year, which would not only represent an 11% increase from...
United States Morgan Stanley Maxwell Skor Andrew Slimmon Andrew Ruben Morgan Stanley While August
Source: yahoo.com

Hot stretch starts Sunday throughout Central Indiana, upper 90s coming this week

While August 2023 so far has average temperatures running a bit below normal, that’s all about to change on Sunday thanks to an expanding heat dome that has made its way into the Midwest. A heat advisory kicks in for most of Central Indiana Sunday at noon and will remain in effect through Midnight Friday. […]
United States National Weather Service While August Average Temperature Observed High Temperatures Central Indiana Sunday
Source: fox59.com

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