China’s plan to boost consumption by encouraging trade-ins has yet to show results

China’s plan to boost consumption by encouraging trade-ins has yet to show results


Key Points
  • China’s plan to boost consumption by encouraging trade-ins has yet to show significant results since it was announced in late July, businesses said.
  • “We are not aware of companies that have seen this translate, since the promulgation of the measures, into concrete incentives on the ground in China,” Jens Eskelund, president of the EU Chamber of Commerce in China, told reporters earlier this week.
  • Several major cities and provinces have only in the last few weeks announced details on how the trade-in program would work for residents.



Source

Stocks making the biggest moves midday: Oracle, AST SpaceMobile, Revolution Medicines and more
Finance

Stocks making the biggest moves midday: Oracle, AST SpaceMobile, Revolution Medicines and more

Check out the companies making the biggest moves midday: AppFolio — The cloud-based business software provider climbed 7% after an upgrade to overweight from equal weight at KeyBanc, with a 12-month price target of $285, according to FactSet’s StreetAccount service. AST SpaceMobile — Shares in the space-based broadband cellular network dropped 6% after more than […]

Read More
Gold’s record run leads to latest market-moving tweak to the classic 60/40 investing portfolio
Finance

Gold’s record run leads to latest market-moving tweak to the classic 60/40 investing portfolio

ETF Edge Gold’s record run leads to latest market-moving tweak to the classic 60/40 investing portfolio Published Fri, Oct 17 202511:50 AM EDTUpdated 14 Min Ago Krysta Escobar WATCH LIVE Source

Read More
Moody’s says the banking system, private credit markets are sound despite worries over bad loans
Finance

Moody’s says the banking system, private credit markets are sound despite worries over bad loans

Key Points Despite worries over bad loans at midsize U.S. banks, there’s little evidence of a systemic problem, according to Marc Pinto, Moody’s head of global private credit. “One cockroach does not a trend make,” Pinto said. Market sentiment appeared to improve Friday after a sell-off Thursday. Source

Read More