NEW YORK — U.S. stocks set records Wednesday after the latest wild swerves for Chinese stocks left few ripples in markets worldwide. The Standard & Poor’s 500 rose 0.7% to top the all-time high it had set last week. The Dow Jones industrial average climbed 1% to hit its own record, while the Nasdaq composite gained…
China’s stock markets slumped after a 10-day rally that was driven by Beijing’s stimulus announcement in September. Investors were disappointed when a hyped-up Chinese government press briefing failed to deliver more stimulus. Retail investors dominate China’s markets, influencing sentiment and market movements. Thanks for signing up! Access your favorite topics in a personalized feed while…
China’s stock rally could extend another 15% to 20%, Goldman Sachs says. China’s equity indexes have jumped dramatically since Beijing announced major stimulus policies. Goldman highlighted still low valuations and diminishing risk as tailwinds for a continued rally. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the go….
US stocks are clicking on all cylinders, which led Goldman Sachs to lift its S&P 500 target again. The top investment bank now expects the index to reach the 6,000 mark by year end. Here are 25 companies set for outstanding earnings growth in 2025. Thanks for signing up! Access your favorite topics in a…
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The upcoming inflation report will help determine the Fed’s next move. Friday’s surprisingly strong jobs data has slashed bets of a half-point rate cut. The Fed is more likely to leave rates unchanged in November if price growth is strong, UBS says. Thanks for signing up! Access your favorite topics in a personalized feed while…
President Joe Biden on Sunday approved $567 million in defense aid for Taiwan. It is the largest aid package that US has ever sent to Taiwan. China responded, stating the move violates the one-China principle. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the go. download the app…
Summary BYD Company Limited, Warren Buffet’s favorite Chinese auto stock, has shown strong technical buy signals and consistent price appreciation, gaining 16.46% since 9/5. The company operates in automobiles, batteries, and mobile handset components, with significant growth in revenue expected this year and next. Barchart’s technical indicators show 100% buy… Source link
Predictions carry doubt no matter who is making them — even if it’s Elon Musk or John Paulson, one expert says. David Tuckett, an uncertainty researcher, told BI that dismissing doubt eventually “leads over a cliff.” He said the success of elite investors like Warren Buffett may be largely down to luck, not skill. Thanks…
China has announced a slew of supportive policies to give its economy a boost. But the past week’s stimulus blitz did not offer fiscal support to China’s discouraged consumers. China needs to spend more on its people and offer incentives for buyer demand to return Thanks for signing up! Access your favorite topics in a…