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...“The confidence issue goes beyond real estate, although real estate is key,” said Wang Qi, chief investment officer for wealth management at UOB Kay Hian in Hong Kong....
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...Donald Trump must post the (recently reduced) $175mn bond in his civil fraud case in New York....
...Stock traders have begun placing bets on an upsurge of volatility around November’s US election, which is shaping up to feature a tense rematch between President Joe Biden and his predecessor Donald Trump...
...Biden supports a ban but former president Donald Trump is opposed to it....
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...The benchmark S&P 500 was up 0.3 per cent shortly after the opening bell, while the tech-heavy Nasdaq Composite rose 0.5 per cent....
...Economic data: S&P Global publishes its manufacturing and services purchasing managers’ indices for the US....
...Stocks have rallied strongly this year, with the blue-chip S&P 500 enjoying its best start to a year since 2019, having risen 10.2 per cent in the first quarter of 2024....
...Assume, then, that TMTG’s weighted average cost of capital falls from more than 20 per cent to 5-6 per cent, the S&P 500’s average WACC. Even then, we’re only at $51....
...“Donald Trump was at 9/11 handing out water to help us wash out our eyes and he never talks about that.” I am somewhat surprised by this and ask Doctor P if he witnessed this himself....
...Additional reporting by Wang Xueqiao in Shanghai...
...This is also how Biden’s national security adviser, Jake Sullivan, interacts with Wang Yi, China’s foreign minister....
...China’s top diplomat Wang Yi travels to Vietnam for bilateral meetings....
...China had previously refused to arrange a meeting between Li and US defence secretary Lloyd Austin because the Biden administration did not lift sanctions that the Donald Trump administration imposed on...
...In 2016, the S&P 500 gained about 6 per cent in the six weeks following Trump’s win. Over his entire term, the S&P 500 gained 57 per cent, compared with 48 per cent so far under Biden....
...But the plan that really worried western governments, including that of former US president Donald Trump, was “Made in China 2025”, which sought to elevate China’s technological prowess to the highest levels...
...By lunchtime in New York, the benchmark S&P 500 gauge was down 1.1 per cent, while the technology-heavy Nasdaq Composite was down 1.5 per cent....
...Americans are increasingly happy about the economy but reluctant to give credit to Joe Biden, according to a new poll that underscores the US president’s challenges as he squares off against Donald Trump...
...The S&P 500 is up more than a third since the start of 2021 and hit record highs this year. Unemployment is near record lows....
...Wall Street’s S&P 500, the tech-dominated Nasdaq Composite, Japan’s Nikkei 225, Germany’s Dax and France’s CAC 40, among other indices, have all hit their highest-ever levels in recent weeks, amid hopes...
...On Thursday, the S&P 500 reversed a boosterish 0.8 per cent morning gain to close 1.2 per cent lower — its worst day in eight weeks....
...Wang Wentao said earlier today that Beijing would seek to strengthen exports, which fell last year for the first time since 2016. Here’s more on Wang’s comments....
...The story of Wang Chuanfu, the professor-turned-executive who has driven BYD’s rise over the past decade, has become gospel in Chinese business schools....
...To put this notion to the test, I ran screens (using S&P Capital IQ) of the S&P 500 big-cap and the S&P 600 small-cap indices....
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