CNBC Daily Open: China posts better-than-expected economic data
China’s gross domestic product, retail sales and industrial production beat expectations, reigniting hopes that the country’s economy is coming back to life.
China needs stimulus with ‘beautiful deleveraging’ to avoid debt crisis, says Ray Dalio
China must employ a “beautiful deleveraging” in addition to its recent stimulus measures in order to avoid debt crisis, says Ray Dalio.
China reports third-quarter GDP growth of 4.6%, slightly beating expectations
Beijing has faced public scrutiny over its ability to meet its own annual growth target of “around 5%.”
China reports better-than-expected retail sales and industrial production data
The data comes after a flurry of recent announcements from authorities as Beijing seeks to boost consumption and support its flagging real estate sector.
Intel seeks billions for minority stake in Altera business, sources say
This move that would represent a sharp about-face from its earlier public messaging about the larger company’s prospects.
CNBC Daily Open: The Dow hits another high amid a mostly flat market
U.S. economic data came in strong and earnings reports continue to beat expectations. That helped to push the Dow to another record close.
China markets rebound on stronger-than-expected GDP data; most Asia-Pacific markets rise
China’s third-quarter GDP grew 4.6% year on year, slightly above Reuters poll estimates but down from 4.7% in the previous quarter.
These 3 UK stocks are on the march and set to soar by over 50%, RBC says
A “materially undervalued” stock has risen 70% this year and is expected to double next year, according to the investment bank.
Dow, S&P 500 close at record highs and mark the year’s longest winning streak
The six-week winning streak marks the longest weekly advances in 2024 for both the Dow and S&P 500.
Chinese robotaxi firm Pony AI files for U.S IPO
China-based autonomous driving firm Pony AI, backed by automaker Toyota, filed for an initial public offering in the U.S. on Thursday, in another sign of growing investor interest in new listings and easing regulatory pressures.
