Xi Jinping
CNBC Daily Open: It’s not unexpected markets are back to preelection levels
The New York Stock Exchange floor. Source: NYSE This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you see? You can subscribe here. What you need to know today Markets ended week […]
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CNBC Daily Open: From postelection rally to preelection levels
Traders work on the New York Stock Exchange (NYSE) floor on November 12, 2024 in New York City. Spencer Platt | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like […]
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During meeting with Biden, China’s Xi cautions the U.S. to ‘make the wise choice’ to keep relations stable
China’s leader Xi Jinping met for the last time with U.S. President Joe Biden on Saturday but was already looking ahead to President-elect Donald Trump and his “America first” policies, saying Beijing “is ready to work with a new U.S. administration.” During their talks on the sidelines of the annual Asia-Pacific Economic Cooperation summit, Xi […]
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U.S. companies could be caught in the crosshairs if China retaliates to fight Trump
With President-elect Donald Trump’s trade and foreign policy team taking a hawkish stance toward China, U.S. companies are increasingly concerned a hard-line approach could stunt their prospects in the world’s second-largest economy – and turn them into targets of Chinese retaliation. Trump has threatened to hit China with at least 60% tariffs and vowed to […]
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Philippe Laffont’s Coatue makes big bets on China and GLP-1 drugmakers in latest quarter
Philippe Laffont’s Coatue Management took several new stakes in major Chinese e-commerce companies and a couple of anti-obesity focused drugmakers in the third quarter, according to the latest 13F filing with the U.S. Securities and Exchange Commission. Laffont, one of the “Tiger Cub” fund managers who worked under the late Julian Robertson at Tiger Management, […]
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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 […]
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How Elon Musk stands to cash in on Trump’s presidential victory
Tesla CEO Elon Musk (R) joins former U.S. President and Republican presidential candidate Donald Trump during a campaign rally at the site of his first assassination attempt in Butler, Pennsylvania, on Oct. 5, 2024. Jim Watson | Afp | Getty Images As Donald Trump celebrated his presidential victory early Wednesday morning, Elon Musk was right […]
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China congratulates Trump, says it respects America’s choice
President Donald Trump meets with China’s President Xi Jinping at the start of their bilateral meeting at the G20 leaders summit in Osaka, Japan, June 29, 2019. Kevin Lemarque | Reuters China expressed respect for the U.S. election result and congratulated Donald Trump on his victory, and an official newspaper called for a “pragmatic” approach […]
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China gears up for a big week as markets await U.S. elections and stimulus details
Key Points Investors expect details on China’s fiscal stimulus plans be come out Friday, after Beijing considers the U.S. presidential election earlier in the week. “The size of China’s fiscal stimulus package would be around 10~20% bigger under a Trump win than under the scenario of a Harris win,” Ting Lu, chief China economist at […]
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China’s property market is expected to stabilize in 2025 — but stay subdued for years
Residential buildings under construction at China Vanke Co.’s Isle Maison development in Hefei, China, on Nov. 27, 2023. Bloomberg | Bloomberg | Getty Images China’s struggling real estate sector may not start turning around until the second half of next year — even with the latest stimulus measures, three research firms predicted this month. After […]
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