China reviews plan to increase local government debt

Key Points

A closely watched meeting of China’s parliament on Monday reviewed a proposal to raise the local government debt limit, according to state media.
New debt would go toward replacing hidden debt, the report said, noting that Finance Minister Lan Fo’an spoke at the meeting on the plan.
The standing committee of China’s National People’s Congress is meeting this week and widely expected to approve further fiscal support for the country’s slowing economy.

Source

Finance

Stocks making the biggest moves midday: Zillow, KLA, iRobot, Immunome & more

December 15, 2025

Check out the companies making the biggest moves midday: KLA Corp. — The semiconductor equipment maker jumped 4%, nearing a 52-week high, after Jefferies raised its 12-month price target to $1,500 from $1,200, saying “AI continues to drive spend with [wafer fab equipment] accelerating into C26/C27,” and citing KLA’s “outsized exposure to the Leading Edge.” […]

Finance

Hassett’s Fed chair candidacy received pushback from high-level people close to Trump, sources say

December 15, 2025

watch now VIDEO5:4705:47 The race for the next Fed chair: Here’s the latest Squawk Box Kevin Hassett’s candidacy for the Federal Reserve chair, once seen by the market as almost a sure thing, has received some pushback by high-level people who have the ear of President Donald Trump, according to sources familiar with the matter. […]

Finance

Stocks making the biggest moves premarket: iRobot, Las Vegas Sands, Tilray & more

December 15, 2025

Check out the companies making headlines before the bell. Tilray — The cannabis stock jumped about 3%, building on last week’s rally sparked by news that President Donald Trump would instruct federal agencies to give the drug a less-stringent Schedule III classification from its current Schedule I designation. Dollar General — Shares rose 3% after […]