大猫咪
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China DOES NOT need a $1-2 trillion fiscal stimulus to save its economy.
Yes, most of Chinese household wealth is in real estate. And for the longest time, this contributed the most to rising wealth beyond doing business.
I also agree that fiscal stimulus is the best thing Beijing can do right now for its economy.
But here’s what happened in the past 5-7 years. (Sorry for the long thread)
1. The US launched a trade war and economic war aga...
Yes, most of Chinese household wealth is in real estate. And for the longest time, this contributed the most to rising wealth beyond doing business.
I also agree that fiscal stimulus is the best thing Beijing can do right now for its economy.
But here’s what happened in the past 5-7 years. (Sorry for the long thread)
1. The US launched a trade war and economic war aga...
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G'day, mooers! Check out the latest news on today's stock market!
• S&P 500 Hits Record High as Markets Brace for US Inflation Data
• ASX Surges to Near-Record Levels Amid Mining Boom
• Stocks to watch: RIO, ARB, NWL
Wall Street Summary
The US market climbed Wednesday. The market climbed to all-time closing highs for the S&P 500 and Dow Jones Industrial Average. Just past 4 pm ET the $S&P 500 Index (.SPX.US)$ traded +71 basis points and h...
• S&P 500 Hits Record High as Markets Brace for US Inflation Data
• ASX Surges to Near-Record Levels Amid Mining Boom
• Stocks to watch: RIO, ARB, NWL
Wall Street Summary
The US market climbed Wednesday. The market climbed to all-time closing highs for the S&P 500 and Dow Jones Industrial Average. Just past 4 pm ET the $S&P 500 Index (.SPX.US)$ traded +71 basis points and h...
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大猫咪
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$CommBank (CBA.AU)$ Today, the wind of market sentiment shifted once more, favoring the Banks over the miners, a pattern that seems to repeat itself with some frequency. This got me thinking about how such fluctuations are not unique to the financial markets but also impact businesses' operational strategies.
For instance, the idea of replacing client service staff with AI bots poses a significant risk, in my opinion. Personally, I dread interacting with automated systems when contacting my bank...
For instance, the idea of replacing client service staff with AI bots poses a significant risk, in my opinion. Personally, I dread interacting with automated systems when contacting my bank...
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大猫咪
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$American Express (AXP.US)$ and $JPMorgan (JPM.US)$ led gains in the financial sector, helping push the $Dow Jones Industrial Average (.DJI.US)$ higher amid a wider market sell-off that saw $NVIDIA (NVDA.US)$ and $Netflix (NFLX.US)$ drag the $S&P 500 Index (.SPX.US)$ and the $Nasdaq Composite Index (.IXIC.US)$ lower.
AmEx, as the credit-card issuer is known, saw its shares climb more than 5%, to become the best performer on ...
AmEx, as the credit-card issuer is known, saw its shares climb more than 5%, to become the best performer on ...
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