FINS08

TL/DR - Donald Trump was fined $10,000 for violating a gag order barring him from disparaging court staff during his civil fraud trial. This is the second time Trump has violated the gag order, which was imposed after he falsely claimed…

## Huawei's New Chip Shipments Indicate Progress Despite US Export Controls A unit of Huawei Technologies is shipping new surveillance camera chips made in China, hinting that the tech giant is finding ways around the U.S. export controls…

# Bank of Montreal to Wind Down Retail Auto Finance Business In an announcement on Saturday, Canada's third largest bank, the Bank of Montreal (BMO), disclosed plans to wind down its retail auto finance business. As part of a strategic…

## ECB President Seizes Mobile Phones of Policymakers to Prevent Leaks European Central Bank (ECB) President Christine Lagarde has taken an unprecedented step to curb the leakage of information from the Governing Council. According to…

Instacart's IPO Hike In a significant move, the grocery delivery app Instacart has raised its proposed price range for its forthcoming initial public offering (IPO). With its latest terms, the San Francisco-based firm is now aiming for a…

## China's Central Bank Takes Action Against Yuan Depreciation China's central bank has allegedly asked some of the country's largest lenders to pause squaring their foreign exchange positions in the market. This is an attempt to…

BMW Investment to Transform Iconic Mini Brand to Electric by 2030 BMW has announced an investment of 600 million pounds (approximately $750 million) in its UK plants, with the objective of converting its iconic Mini brand to all-electric…

New Leadership for Alibaba's Cloud Unit In a surprising recent development, Alibaba's ex-group CEO, Daniel Zhang, stepped down from leading the company's cloud computing unit. The news unsettled investors, causing Alibaba's stock to…

## Alibaba CEO Daniel Zhang Steps Down from Cloud Unit SHANGHAI, Sept 10 (Reuters) - In a surprise move, Daniel Zhang, the CEO of China's Alibaba Group (https://www.reuters.com/markets/companies/9988.HK), announced on Sunday that he would…

## Market Trends: Gilead Sciences and Kroger See Gains, Wall Street Awaits Inflation Readings The S&P 500 finished marginally higher last Friday, though significantly below its session high. All three major Wall Street averages posted…