China expected to announce highly anticipated fiscal stimulus package

China expected to announce highly anticipated fiscal stimulus package


Key Points
  • Chinese authorities have ramped up stimulus announcements since late September, sparking a stock rally.
  • While the People’s Bank of China has already cut several interest rates, major increases in government debt and spending requires approval by the country’s parliament, called the National People’s Congress.
  • That approval could granted during a weeklong meeting of the legislature’s standing committee, with more stimulus expected to be unveiled on Friday.



Source

Saba Capital finds little appetite for tender offer of shares in Blue Owl, Starwood private credit funds
Finance

Saba Capital finds little appetite for tender offer of shares in Blue Owl, Starwood private credit funds

Key Points In March, Saba offered liquidity to investors who were locked in Blue Owl Capital Corporation II, a non-traded private credit fund, at a 35% discount. Investors in Starwood Real Estate Income Trust were also made a similar offer at a 24% or 29% discount, based on the share class. On Monday, Saba said […]

Read More
Stocks making the biggest moves after hours: LendingClub, Nucor, Rambus, Bed Bath & Beyond and more
Finance

Stocks making the biggest moves after hours: LendingClub, Nucor, Rambus, Bed Bath & Beyond and more

Check out the companies making headlines after the bell : Bed Bath & Beyond — The home goods retailer surged 31% after reporting first-quarter revenue of $247.8 million, beating the $240.1 million analysts polled by FactSet had expected. The company also posted an adjusted loss of 25 cents per share, narrower than the 28-cent loss […]

Read More
Ray Dalio says Kevin Warsh shouldn’t cut interest rates in a ‘stagflation’ era
Finance

Ray Dalio says Kevin Warsh shouldn’t cut interest rates in a ‘stagflation’ era

Key Points The founder of Bridgewater Associates said persistent inflation pressures alongside slowing growth create a backdrop that demands caution from policymakers. “We are certainly in a stagflationary period,” Dalio said Monday on CNBC’s “Money Movers.” Source

Read More