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

Stocks making the biggest moves midday: Caterpillar, Stride, Nvidia, Garmin, Boeing & more
Finance

Stocks making the biggest moves midday: Caterpillar, Stride, Nvidia, Garmin, Boeing & more

Check out the companies making the biggest moves midday: Stride — The for-profit education company plunged 50%, on pace for its worst day ever, on much weaker-than-expected guidance. The company sees fiscal second-quarter revenue between $620 million and $640 million. Analysts on average expected an outlook of $613.3 million. Full-year revenue and operating income guidance […]

Read More
Fiserv stock craters 44%, on pace for worst day ever after company slashes guidance
Finance

Fiserv stock craters 44%, on pace for worst day ever after company slashes guidance

Key Points Fiserv shares were on track for their worst day ever after the fintech company slashed full-year guidance. “Our current performance is not where we want it to be nor where our stakeholders expect it to be,” wrote CEO Mike Lyons in a release. Fiserv added three new board members and announced a new […]

Read More
Stocks making the biggest moves premarket: Nvidia, Caterpillar, Generac, Caesars Entertainment & more
Finance

Stocks making the biggest moves premarket: Nvidia, Caterpillar, Generac, Caesars Entertainment & more

Check out the companies making headlines in premarket trading. Nvidia — Shares climbed 3.5% in Wednesday’s premarket trading, building on the rally of around 5% seen in the prior session. The chipmaker is now closing in on the $5 trillion market cap milestone , which no other company has hit before. Boeing — The aerospace […]

Read More