China’s stock surge has echoes of the 2015 bubble. What’s different this time

Key Points

Over six months from 2014 to 2015, the Chinese stock market doubled in value, while leverage climbed, Aaron Costello, regional head for Asia at Cambridge Associates, pointed out Monday.
This time around, the market hasn’t run up as much, while leverage is lower, he said. “We’re not in the danger zone yet.”
What’s less clear is whether economic growth will pick up enough to support a sustainable market rally.

Source

Finance

Here’s the deflation breakdown for September 2024 — in one chart

October 11, 2024

Key Points Deflation has occurred in segments of the U.S. economy over the past year, according to the consumer price index. Some imported goods, consumer electronics, and energy and food items have seen declines in price. Deflation is rare across the broad economy, economists said. Businesses don’t typically reduce prices. Source

Finance

Stocks making the biggest moves midday: Tesla, Wells Fargo, JPMorgan Chase, Fastenal and more

October 11, 2024

Check out the companies making headlines in midday trading: Tesla — Shares of the electric vehicle maker tumbled more than 7% after its robotaxi event underwhelmed investors . Morgan Stanley analysts noted that the event “overall disappointed expectations” due to a lack of details in several areas, including how the company is going to compete […]

Finance

Jamie Dimon says geopolitical risks are surging: ‘Conditions are treacherous and getting worse’

October 11, 2024

Key Points JPMorgan Chase CEO Jamie Dimon sees risks climbing around the world amid widening conflicts in the Middle East and with Russia’s invasion of Ukraine showing no signs of abating. “We have been closely monitoring the geopolitical situation for some time, and recent events show that conditions are treacherous and getting worse,” Dimon said […]