Month: May 2022
China cuts borrowing rate again, seeking to revive housing sector
High-rise buildings in downtown Shanghai, China, on March 12, 2018. China cut its benchmark reference rate for mortgages by an unexpectedly wide margin on Friday, its second cut this year as Beijing seeks to revive the ailing housing sector to prop up the economy. Johannes Eisele | Afp | Getty Images China cut its benchmark […]
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Consumers are hurting as ‘global energy shock’ gets underway, says World Energy Council
The current oil crisis isn’t like previous ones — and consumers will have to bear the brunt of it even as they grapple with rising inflation, Angela Wilkinson from the World Energy Council told CNBC. “I think this is a first global energy shock, this isn’t the same as the 1970s crisis, oil shock crisis. […]
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Southeast Asia’s e-commerce market is still in its ‘opening act,’ says venture capital firm
Southeast Asia’s e-commerce ecosystem is still at a “very, very nascent stage” and many more business models and companies will be formed in the region, said the founding partner of a venture capital firm. “We’re talking about single-digit digital penetration, as compared to the overall commerce penetration,” Amit Anand of Jungle Ventures, a Southeast Asian […]
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Chinese electric car start-up Nio says supply chain disruption, not demand, is their biggest problem
Chinese electric car company Nio delivered more than 5,000 cars in April despite Covid restrictions in some parts of China, albeit down sharply from nearly 10,000 vehicle deliveries in March. Future Publishing | Future Publishing | Getty Images BEIJING — Nio’s biggest challenge right now is making sure that supply chains are stable, CEO William […]
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Goldman Sachs picks Chinese stocks with the most room to bounce back as Covid eases
As Covid cases in mainland China drop, Goldman Sachs analysts say they’re “seeing light at the end of the tunnel.” Here are some of the stocks they say are poised to make the biggest comebacks if business activity returns to normal. The investment bank’s measure of the impact of lockdowns in China fell by 11 […]
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Asia-Pacific markets trade higher; China to announce its benchmark lending rate
SINGAPORE — Shares in the Asia-Pacific markets gained on Friday as a volatile trading week comes to a close and investors watch for the release of China’s benchmark lending rate. Japan’s Nikkei 225 rose 0.41% in early trade, while the Topix advanced 0.23%. Japan’s core consumer prices, which include energy costs but not fresh food, […]
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Stephen Roach calls stagflation his base case, warns market is unprepared for the consequences
Stagflation is making a comeback, according to former Morgan Stanley Asia chairman Stephen Roach. He warns the U.S. is on a dangerous path that leads to higher prices coupled with slower growth. “This inflation problem is widespread, it’s persistent and likely to be protracted,” Roach told CNBC’s “Fast Money” on Thursday. “The markets are not […]
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Jim Cramer predicts these 5 Charitable Trust holdings will rebound ‘after the smoke clears’
CNBC’s Jim Cramer on Thursday told investors that he’s optimistic that stocks of “amazing businesses“ will make a comeback once the stock market faces better conditions, highlighting five names in particular. “Over the long haul, I think the best way to make money is by believing, not disbelieving, by owning, not renting, by taking the […]
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Cramer’s lightning round: I am fine with Cloudflare
PLBY Group Inc: “This company’s losing money. … I don’t want to touch money losers.” DraftKings Holdings Inc: “I know if California and Florida come on, you’re going to say why not buy it at $14, but there’s a lot of capacity in that industry.” Cloudflare Inc: “The business is very good. … I am […]
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Jim Cramer says investors should have these four defense stocks on their shopping lists
CNBC’s Jim Cramer said Thursday that he’s bullish on the defense industry and has four stocks in mind that he believes are investable. “There’s at least one industry that’s booming right now, and it will keep booming regardless of what happens with the [Federal Reserve] in particular or U.S. economy in general. I’m talking about […]
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