JPMorgan downgrades its opinion on China, but still likes these individual stocks
Finance
China set to report retail sales and industrial production data for October
Key Points Retail sales in October were forecast to have picked up to 3.8% year-on-year growth, according to analysts polled by Reuters, after rising by 3.2% in September. Industrial production was expected to have risen by 5.6%. Fixed-asset investment, reported on a year-to-date basis, was anticipated to post 3.5% growth from a year ago. Source
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Finance
Stocks making the biggest moves after hours: Domino’s Pizza, Ulta, Applied Materials, Palantir and more
Check out the companies making headlines in after-hours trading: Domino’s Pizza , Ulta Beauty — Shares surged about 8% after Berkshire Hathaway announced a new stake in the pizza chain in a regulatory filing. The Warren Buffett-led firm bought more than 1.2 million shares, making the stake worth around $550 million at the end of […]
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Finance
Powell says the Fed doesn’t need to be ‘in a hurry’ to reduce interest rates
Key Points Federal Reserve Chairman Jerome Powell said Thursday that strong U.S. economic growth will allow policymakers to take their time in deciding how far and how fast to lower interest rates. “The economy is not sending any signals that we need to be in a hurry to lower rates,” Powell said in Dallas. Source
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