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☆ China teases plan to buy unsold homes to fix property crisis. Markets are loving it
▼ + stars: | 2024-05-16 | by ( Laura He | ) edition.cnn.com time to read: +3 min

The index has rallied nearly 30% from its January low, having entered a bull market earlier this month. Longfor Group, the ninth largest homebuilder in China, surged 11%, becoming the top performing stock on the Hang Seng Index. “We think this is a largely symbolic move to show support for the sector with a ‘national team’ for the housing market,” said Citi analysts. “We are cautiously optimistic about the ‘government-led buying on unsold units’ as it’s still being rolled out in more cities, “ said Jeff Zhang, an equity analyst at Morningstar. Nasdaq Golden China Index, which tracks Chinese companies listed on Wall Street, has gained 11% since the start of April.

Persons: ”, “, Jeff Zhang Organizations: Hong Kong CNN, Longfor, China Holdings, National Development, Reform Commission, ’, Citi, ING Group, Morningstar, homebuyers, Communist Party, Nasdaq Locations: China, Hong Kong, Beijing, Hangzhou, Xi’an, Chengdu, Shanghai

☆ Israel's military intel chief resigns, citing failures over Oct. 7 attack
▼ + stars: | 2024-04-22 | by ( Ruxandra Iordache | ) www.cnbc.com time to read: +4 min

The intelligence chief of Israel's Defense Forces has resigned citing failures linked to the Hamas terror attack carried out on Oct. 7, during which 1,200 people died in Israel and more than 200 were taken hostage. "On Saturday, October 7, 2023, Hamas carried out a murderous surprise attack against the State of Israel, whose consequences are severe and painful. Haliva had previously assumed responsibility for failure to prevent the devastating attack, amid mounting domestic criticism and demands for accountability from Israel's highest echelons. "The reports regarding sanctions against the Netzah Yehuda Battalion are not currently known to the IDF. Should such a decision be made on the matter, its consequences will be reviewed," the Israeli military added.

Persons: Aharon Haliva, Haliva, Benjamin Netanyahu, Haliva's, Netanyahu, Axios, Netzah Yehuda, Yehuda, Yoav Gallant, Antony Blinken Organizations: Israel's Defense Forces, State, IDF, Israeli, Reuters, Times, Hamas, West Bank, CNBC, Netzah, Israel Defense Forces, U.S Locations: Israel, Times of Israel, Gaza, U.S, Iran

☆ China faces a difficult balancing act managing its currency: Strategist
▼ + stars: | 2024-04-19 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailChina faces a difficult balancing act managing its currency: StrategistFrancesca Fornasari of Insight Investment expects the Chinese Yuan to remain 'relatively steady' against the U.S. dollar, but says that creates spillover effect to other Asian currencies.

Persons: Francesca Fornasari, Yuan Organizations: China, Insight Investment, U.S .

☆ A spillover of Middle East tensions is a big geopolitical risk, says IMF's Gita Gopinath
▼ + stars: | 2024-04-16 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailA spillover of Middle East tensions is a big geopolitical risk, says IMF's Gita GopinathSpeaking to CNBC's Karen Tso at the International Monetary Fund's Spring Meetings, Gita Gopinath, first deputy managing director of the IMF, discusses the major geopolitical risks facing markets and the world.

Persons: Gopinath, Karen Tso, Gita Gopinath Organizations: International

☆ Lagarde says ECB will cut rates soon, barring any major surprises; notes 'extremely attentive' to oil
▼ + stars: | 2024-04-16 | by ( Sam Meredith | In Samuelmeredith | ) www.cnbc.com time to read: +1 min

European Central Bank President Christine Lagarde on Tuesday said the central bank remains on course to cut interest rates in the near term, subject to any major shocks. Lagarde said the ECB would monitor oil prices "very closely" amid elevated fears of a spillover conflict in the Middle East. However, since Iran's unprecedented air attack on Israel over the weekend, she said the oil price reaction had been "relatively moderate." Her comments come shortly after the central bank gave its clearest indication to date that it could start cutting interest rates during its June meeting. The ECB on Thursday held interest rates steady at a record high for the fifth consecutive meeting, but signaled that cooling inflation means it could begin trimming soon.

Persons: Christine Lagarde, Lagarde, CNBC's Sara Eisen Organizations: European Central Bank, ECB Locations: Israel

☆ These 10 oil stocks are the most — and least — sensitive to price swings amid Iran-Israel tensions
▼ + stars: | 2024-04-16 | by ( Ganesh Rao | ) www.cnbc.com time to read: +2 min

Crude oil prices have been volatile in April amid heightened geopolitical risks. Fears of a spillover conflict in the Middle East have led some market watchers to predict oil prices could soar to $100 per barrel and beyond . Any disruption in its capacity to supply global markets could send oil prices higher, analysts told CNBC. Oil and gas stocks that show a negative correlation with crude oil prices will enable investors to withstand any volatility while remaining invested in the sector. A correlation of 0 would mean no link between the crude oil price and the stock price.

Persons: Bartosz, Andy Lipow, — CNBC's Lee Ying Shan, Jenni Reid Organizations: Organization of, Petroleum, CNBC, Brent, Lipow Oil Associates, CNBC Pro, Energy Locations: Iran, Israel, Conotoxia, Hormuz, lockstep

☆ Here’s what would happen to the US economy if there are no rate cuts this year
▼ + stars: | 2024-04-16 | by ( Elisabeth Buchwald | ) edition.cnn.com time to read: +4 min

That’s why Fed Chair Powell conveyed on Tuesday the central bank won’t be cutting interest rates any time soon. How would the US economy handle more months of painstakingly high interest rates? Investors are banking on cutsWhen Fed officials initially penciled in three rate cuts at the end of last year, markets hit new highs. But the longer the Fed leaves interest rates higher means more pain could be inflicted on households and businesses, said Goldstein. But not everyone thinks cracks in the economy will widen if the Fed doesn’t cut rates this year.

Persons: Powell, ” Powell, paring, Itay Goldstein, Tesla, Goldstein, ”, Brian Rose, David Mericle, Goldman Sachs Organizations: New, New York CNN — Federal Reserve, Bank of Canada, Tiff, Investors, Dow, Nasdaq, University of Pennsylvania’s Wharton School of Business, CNN, Fed, Treasury, UBS Global Wealth Management Locations: New York

☆ Can China play a role in avoiding an all-out war in the Middle East?
▼ + stars: | 2024-04-15 | by ( Nectar Gan | Simone Mccarthy | ) edition.cnn.com time to read: +9 min

“China calls on the international community, especially countries with influence, to play a constructive role for the peace and stability of the region,” the ministry added. The decision by Iran’s leaders to strike at Israel directly has pushed the shadow war between the two regional foes into the open. That’s why China does not condemn Iran,” said Yun Sun, director of the China program at the Washington-based Stimson Center think tank. Beijing meanwhile denounced the strike as a “barbarian act,” with protests erupting outside US diplomatic compounds across China. “For China, had US applies enough pressure on Israel, neither the Israeli attack nor the Iranian retaliation would have taken place.

Persons: Beijing’s, Antony Blinken, Wang Yi –, Saudi Arabia –, ”, William Figueroa, Figueroa, “, Xi Jinping, China’s, Iran ”, Israel, ” Figueroa, Wang Wenbin, Wang, Yun Sun, Bill Clinton, Jiang Zemin, ” Sun, Kishida, Jaishankar, Israel Katz, Hossein Amirabdollahian Organizations: Hong Kong CNN, Foreign Ministry, Washington, US State Department, Hamas, Beijing, Tehran, University of Groningen, Global Security Initiative, CNN, Chinese Foreign Ministry, Stimson, NATO, Embassy, Japan’s, Israel’s Foreign, Iranian Locations: China, Hong Kong, East, Iran, Israel, Beijing, Gaza, Tehran, Damascus, Republic, Turkey, Saudi Arabia, Palestinian, Red, Tehran –, Netherlands, underinvestment, United States, Israeli, Syria, Quds, Washington, Belgrade, That’s, Yugoslavia, Asia, ”, India, Philippines, Malaysia, Indonesia

☆ World leaders call for restraint in the aftermath of Iran’s unprecedented air attack against Israel
▼ + stars: | 2024-04-15 | by ( Sam Meredith | In Samuelmeredith | ) www.cnbc.com time to read: +7 min

Anadolu | Anadolu | Getty ImagesWorld leaders have called for calm in the aftermath of Iran's large-scale air attacks on Israel on Saturday, with many expressing deep concern over the prospect of a broader regional conflict. Ahead of a war cabinet meeting on Monday, Israel has pledged to "exact a price" from Iran in response to the Saturday attack. watch nowU.S. President Joe Biden on Saturday said that he condemned "in the strongest possible terms" Iran's unprecedented air attack against military facilities in Israel. 'No one wants to see more bloodshed'European leaders castigated Iran's attack against Israel and vowed to work to de-escalate the situation. France and the U.K. intercepted some of Iran's strikes on Israel on Saturday.

Persons: Israel, Joe Biden, Biden, Benjamin Netanyahu, Iran's, Emmanuel Macron, Rishi Sunak, Annalena Baerbock, Baerbock, Sunak, Yoko Kamikawa, Kamikawa, Gustavo Petro, Petro, Nicolas Maduro Organizations: Anadolu, Getty, CNBC, NBC News, Downing, German, NBC, Israel, Saudi Arabia's Foreign, United Nations Security Council, Sunday, UN, UNRWA, Kyodo, Japan's, United Nations, Colombia's, Bloomberg Locations: Israel, Tehran, Iran, Syria, Gaza, Syrian, Damascus, France, London, England, Germany, East, North Africa, Saudi, Egypt, Asia, China, Beijing, Palestine, Tokyo, Japan, South America, U.S, Miraflores, Caracas, Venezuela

Iran has warned that it will respond with “stronger and more resolute” actions if Israel retaliates over this weekend’s strikes, according to Tehran’s ambassador to the United Nations. Biden will also meet with G7 leaders on Sunday “to coordinate a united diplomatic response to Iran’s brazen attack,” according to a statement released by the White House. US defensive assets moved to the region earlier this week and “helped Israel take down nearly all of the incoming drones and missiles,” according to the statement. US forces intercepted more than 70 one-way attack drones and at least 3 ballistic missiles Iran fired toward Israel, according to two US official familiar with the situation. US fighter jets were also part of the US’ response to Iran’s attack on Saturday and shot down drones launched towards Israel, another US official told CNN.

Persons: Israel, Benjamin Netanyahu, Joe Biden, Iran –, “, ”, Biden, Netanyahu, Jordan, ” CNN’s Nic Robertson, –, Mohammed Reza Zahedi, Mohammad Hadi Haji Rahimi, Donald Trump, IRGC, Qassem Soleimani, Ayatollah Ali Khamenei, Ebrahim Raisi, IRNA, ” Israel, General Mohammad Reza Ashtiani, Iran’s, António Guterres, Josep Borrell, Rishi Sunak, Javier Milei, Manuel Adorni, CNN’s Paul Murphy Organizations: CNN, Israel, United Nations, Iran, White House, US Navy, US, Revolutionary Guards, Iran’s Defense, Foreign Ministry, UN, British Locations: Iran, Syria, Israel, Republic, Haifa, Jordan, Iraq, Lebanon, Jerusalem, Tel Aviv, Gaza, Damascus, Baghdad, Lebanese, Quds, East, Europe, America, Saudi Arabia, Egypt, France, Netherlands, Austria, Czech Republic, Spain, Portugal, China, Beijing, Chile, Mexico, Denmark

☆ China's policy to boost demand by $700 billion will have a 'bigger and bigger' impact, official says
▼ + stars: | 2024-04-12 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +5 min

Vcg | Visual China Group | Getty ImagesBEIJING — China's latest policy to boost demand will soon have a greater effect on growth, a top official at the economic planning agency told reporters Thursday. "We believe this work will achieve bigger and bigger results," he said in Mandarin, translated by CNBC. He noted that equipment upgrades account for 9% to 10% of total GDP. 'Strong' central government fiscal supportIn terms of fiscal funding for those upgrades, Zhao said the central government would provide "strong support." Part of the equipment upgrade and consumer trade-in policy also focuses on improving standards for the kinds of products that can be used.

Persons: That's, Zhao Chenxin, Goldman Sachs, Morgan Stanley, Zhao, Bruce Pang, Fu Jinling, Fu, Francoise Huang, We're, JLL's Pang, Shan Zhongde Organizations: Visual China, Getty, BEIJING, National Development, Reform Commission, CNBC, Analysts, People's Bank of, Allianz Trade, Ministry of Industry, Information Technology, Ministry of Housing, Ministry of Commerce, State Administration, Market, China's Ministry of Commerce, Industry, Global Locations: Qingzhou, Weifang City, Shandong Province, China, oversupply, Beijing, JLL, People's Bank of China

☆ CNBC Daily Open: Fights in the House of Mouse
▼ + stars: | 2024-04-02 | by ( Clement Tan | In Clemtan | ) www.cnbc.com time to read: +2 min

Actors dressed as Walt Disney characters Mickey Mouse (left) and Minnie Mouse (right) perform during a press preview for the "Minnie Besties Bash!" This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Rumbling signs of lifeThe IPO market in the U.S. is showing signs of revival after more than two years. CNBC previously reported that United would pause pilot hiring this spring for the same reason.

Persons: Walt Disney, Mickey Mouse, Minnie Mouse, Minnie Besties, Jerome Powell's, Slack, Matt Orton Organizations: Tokyo Disneyland, CNBC, Dow Jones, Nasdaq, European Commission, United Airlines, Boeing Locations: Tokyo, Urayasu, Japan, U.S

Starting Monday, fast-food workers in California at chains with more than 60 national locations earn $20 an hour, higher than the state's broader minimum wage of $16 per hour. California pay is already highwatch nowWhile the new fast-food minimum wage is among the highest in the U.S., California employers are used to paying more for their labor. Even when it is not mandated, restaurants usually find themselves paying more than the minimum wage to attract hourly workers. As a full-service restaurant chain, the company won't be obligated to pay its California workers $20 an hour. Advocates prepare to go biggerFrom start to finish, the California law, which was backed by the Service Employees International Union, has been controversial.

Persons: David Paul Morris, Gavin Newsom, Matthew Haller, Daniel Zhao, Zhao, Lauren Crabbe, she's, Crabbe, Matthew Clark, Jennifer B, Perez, I'm, it's, Newsom, Greg Flynn, Flynn Organizations: McDonald's Corp, Bloomberg, Getty, International Franchise Association, CNBC, Bureau of Labor Statistics, Service Employees International Union, Gov, SEIU Locations: Oakland , California, U.S, California, , California, Fresno, San Francisco, Long Beach

☆ 2024 is the year of the rate cut pivot — here's when the world's central banks will budge
▼ + stars: | 2024-03-13 | by ( Lee Ying Shan | In Ying-Shan-Lee | ) www.cnbc.com time to read: +6 min

EIU also expects the Bank of Japan will exit its negative interest rate policy in the second quarter. Markets currently expect the Fed to start with a 25-basis-point rate cut in June. Euro zoneThe European Central Bank last week also held its policy rate at a record high of 4%, signaling that it won't cut rates before June. JPMorgan said in a research note that the Turkish central bank may cut its policy rate in November and December, keeping its year-end policy rate forecast of 45%. IndonesiaIndonesia's central bank kept its benchmark policy rate at 6% in its recent meeting.

Persons: EIU, Jerome Powell, LSEG, Nomura, Perry Warjiyo, CNBC's JP Ong, BOK, Goldman Sachs, Goohoon Kwon, Kwon Organizations: Getty, Economist Intelligence Unit, Bank of Japan, United, United States U.S, Federal, Fed, European Central Bank, ECB, Swiss National Bank, UBS, Bank of Canada, Bank of, JPMorgan, Reserve Bank of, ANZ, New Zealand Auckland Savings Bank, Bank, Bank Indonesia, BMI, Fitch Solutions, U.S, Oxford Economics, Macquarie Locations: Czech, China, Japan, United States, Switzerland Swiss, Bank of Canada, Turkey, Turkish, Reserve Bank of Australia, New, Indonesia, South Korea, Asia

☆ Will Nikkei's record-breaking rally sustain even as Japan's economy sputters?
▼ + stars: | 2024-03-05 | by ( Lee Ying Shan | In Ying-Shan-Lee | ) www.cnbc.com time to read: +3 min

Fuji and Tokyo skyline Jackyenjoyphotography | Moment | Getty ImagesJapan's Nikkei stock index has been on a record-breaking spree on the back of robust earnings and investor-friendly measures. But the country's ailing economy has experts divided over this sustainability of this rally. Japan's corporate governance reforms have been a key driver for the country's stock markets, Momma said, while stressing that stock indexes do not necessarily represent the entire economy that includes SMEs and households. SMEs are a critical lever in the Japanese economy, accounting for 70% of national employment and 50% of the country's economic growth. "Spillover from the global boom of AI-related stocks certainly helped Nikkei," Momma said.

Persons: Kazuo Momma, Momma, Sayuri Shirai, pare, Shirai, Phillip Colmar MRB Organizations: Nikkei, Mizuho Research, CNBC, Bank of Japan, Nvidia, Technology, Stock, Keio University, Bank of America, Phillip Colmar MRB Partners Locations: Fuji, Tokyo, Germany, Japan, U.S, China

☆ China's Country Garden gets liquidation petition from creditor
▼ + stars: | 2024-02-28 | by ( Shreyashi Sanyal | ) www.cnbc.com time to read: +2 min

China's Country Garden Holdings said Wednesday it received a liquidation petition filed by one of its creditors, deepening worries about the country's beleaguered property sector. Country Garden said it will oppose the petition "vigorously" and seek legal measures to do so. Country Garden said it intends to "proactively communicate" and work with its offshore creditors on its restructuring plan. China's property sector has historically been the bedrock of the country's economy, accounting for a large share of gross domestic product. Companies like Country Garden and Evergrande have struggled to repay their debt obligations and are now embroiled in drawn-out debt restructuring processes.

Persons: China Evergrande Organizations: Garden Holdings, Hong Kong, Monetary Fund, Companies Locations: Hong Kong, China

☆ With global stocks at all-time highs, investors can't shake off the fear factor
▼ + stars: | 2024-02-23 | by ( Karen Gilchrist | ) www.cnbc.com time to read: +1 min

A trader works during the closing bell at the New York Stock Exchange (NYSE) on March 17, 2020 at Wall Street in New York City. Global markets hit record highs this week as the frenzy around artificial intelligence boosted risk sentiment and hopes of a return to economic growth. But some investors have urged caution, suggesting that high tech valuations could put the rally at risk. European markets extended gains Friday after the Stoxx 600 index closed at an all-time high in the previous session. In Asia Pacific, Japan's Nikkei 225 closed at a new all-time high of 39,098.68 on Thursday, surpassing the previous record of 38,915.87 set in 1989.

Persons: Oliver Bäte, CNBC's, Germany's DAX Organizations: New York Stock Exchange, Wall, Global, Allianz, French CAC, Nikkei, U.S Locations: New York City, Europe, U.S, Asia

☆ The more Americans that take Ozempic, the faster the US economy will grow, Goldman Sachs says
▼ + stars: | 2024-02-23 | by ( Matthew Fox | ) www.businessinsider.com time to read: +4 min

The US economy will see a surge in growth as more people start to take GLP-1 weight loss drugs. "The main reason we see economic upside from healthcare innovation is that poor health imposes significant economic costs," Goldman Sachs said. The more people that take GLP-1 weight loss drugs, the faster the US economy will grow, according to estimates from Goldman Sachs. The bank said in a note on Thursday that US GDP would grow by an extra 1% if 60 million Americans took GLP-1 drugs by 2028. There are several channels through which poor health weighs on economic activity that could diminish if health outcomes improve," Hatzius said.

Persons: Goldman Sachs, —, Jan Hatzius, Hatzius, Eli Lilly, Goldman Organizations: Service, Goldman, Novo Nordisk

☆ Middle East Crisis Egypt Is Building a Wall Near Gaza Border But Won’t Say Why
▼ + stars: | 2024-02-16 | by ( Nada Rashwan | Christiaan Triebert | ) www.nytimes.com time to read: +4 min

A wall is going up in the desert of Egypt near the border of the war-torn Gaza Strip, but no one is talking much about it. Image Construction of a wall along the Egyptian border with Rafah is seen in this satellite imagery. Credit... Maxar TechnologiesThe satellite imagery clearly shows newly graded land south of the Rafah border crossing. And many Palestinians suspect that Israel might not allow people who leave Gaza to come back when the war is over. One Gazan official in Rafah, Ahmed al-Soufi, estimated that there were over 100,000 displaced Palestinians in encampments pressed against the border.

Persons: Gazans, Ahmed al, Martin Griffiths, —, Hisham el, Gen Mohamed Shousha, Ahmed Ezzat, Nick Cumming, Bruce, Adam Rasgon Organizations: The New York Times, Maxar, The Times, Egyptian Army, United Locations: Egypt, Gaza, Rafah, Israel, North Sinai —, North Sinai, Maj, Geneva, Jerusalem

☆ Egypt on edge as Israel’s war presses more than a million Palestinians up against its border
▼ + stars: | 2024-02-13 | by ( Nadeen Ebrahim | ) edition.cnn.com time to read: +11 min

The fortification by the border with Gaza is a “precautionary” measure ahead of an expected Israeli ground operation in Rafah, Egyptian security officials told CNN. Now, Egypt is sounding alarms again as Israel pushes more than a million Palestinians toward its territory and prepares for a military operation in Rafah. The treaty also limited the number of troops stationed on the border between Egypt and Gaza, which at the time was controlled by Israel. A satellite image from Maxar Technologies shows Rafah, Gaza, on February 3. After Israel withdrew from Gaza in 2005, it agreed with Egypt on a mechanism to secure the area with only Egyptian border patrol forces on the Egyptian side of the border.

Persons: Israel’s, Gazans, Kerem, Karm, Said Khatib, Bezalel Smotrich, “, Emad Gad, ”, Winter, Abdel Fattah el, Sisi, Abed Zagout, Itamar Ben Gvir, Smotrich, Benjamin Netanyahu, Ahmed Abu Zeid, ” Abu Zeid, Ibraheem Abu Mustafa, Israel, it’s, Gad, ” Gad Organizations: CNN, Getty, Twitter, Israel, Associated Press, The New York Times, Ahram, Maxar Technologies, Maxar, Ahram Center for Political, Strategic Studies, Institute for National Security Studies, Department of, Islamic, Tel Aviv University, National, Finance, Foreign, Foreign Ministry, Alghad, Reuters, Egyptian, demilitarize, Al, News, Ahram Center Locations: Egypt, Gaza, Rafah, North Sinai, Israel, Karm Abu Salem, AFP, Cairo, Western, United States, Washington, Tel Aviv, Anadolu, Sinai, Israeli, Al

☆ The 2008 housing bust suggests China's only halfway through its property crisis. Here's how the downturns compare.
▼ + stars: | 2024-02-13 | by ( Phil Rosen | ) www.businessinsider.com time to read: +4 min

"We estimate that real house prices in China declined 16% from the peak in 2021Q3 to 2023Q3," Goldman analysts said. For context, US real house prices peaked in early 2006 and bottomed in 2012. Goldman's derived measure of China's real house prices has only dropped by half as much as the US saw during its six-year collapse, as the chart shows below. Goldman Sachs"[O]verly loose mortgage lending standards and too much mortgage debt, which were at the center of the US subprime crisis, do not apply in China," Goldman analysts said. Foreclosures soared as homeowners couldn't afford to pay off or refinance their mortgages, which lowered house prices further.

Persons: —, Goldman Sachs, Goldman, Price Organizations: Service, International Monetary Fund, Business, Housing Locations: China, Beijing, 2021Q3

☆ China's deflation problem keeps getting worse
▼ + stars: | 2024-02-08 | by ( Phil Rosen | ) www.businessinsider.com time to read: +3 min

In the latest sign of the country's worsening deflation problem, fresh data showed consumer prices in China tumbled in January at the sharpest rate in 14 years. AdvertisementOn an annualized month-over-month basis, consumer prices fell 4.3%, with particular weakness in food prices. Measured year-over-year for January:Pork prices fell 17.3%Vegetable prices fell 12.7%Fruit prices fell 9.1%The producer price index, too, dropped 2.5%, while service prices climbed at 0.5% on the year, half the rate seen in December. The more consumer prices fall, the more difficult it will be for Beijing to reverse. Foreign investors have already fled Chinese markets in droves over the last year, and ongoing deflation could spell trouble for earnings of Chinese companies.

Persons: —, Goldman Sachs Organizations: Service, National Bureau, Statistics, Bloomberg, Institute of International Finance Locations: China, China's, Beijing

☆ Russia Accuses Biden of Seeking Election Boost With Syria, Iraq Strikes
▼ + stars: | 2024-02-05 | by ( Feb. | At P.M. | ) www.usnews.com time to read: +2 min

By Michelle NicholsUNITED NATIONS (Reuters) - Russia accused President Joe Biden on Monday of carrying out strikes in Iraq and Syria to boost his image as the presidential election campaign "is heating up" - not in retaliation for a deadly attack on U.S. soldiers. Ambassador Vassily Nebenzia, at a meeting of the Security Council on the strikes which was requested by Moscow, said there was no justification for the U.S. action. And we are not seeking a direct conflict with Iran. He added that the strikes in Syria and Iraq were a "separate and distinct" operation from U.S. and British strikes against the Iran-aligned Houthi group in Yemen in response to the Houthi targeting of shipping in the Red Sea. (Reporting by Michelle Nichols in New York, Lidia Kelly in Melbourne and Nandita Bose in Washington; Editing by Stephen Coates)

Persons: Michelle Nichols UNITED, Joe Biden, Washington, Russia's U.N, Vassily Nebenzia, Biden, Robert Wood, Wood, Iran's U.N, Amir Saeid Iravani, U.N, Michelle Nichols, Lidia Kelly, Nandita Bose, Stephen Coates Organizations: Michelle Nichols UNITED NATIONS, Reuters, United States, Revolutionary Guard, Security, U.S, Pentagon Locations: Russia, Iraq, Syria, U.S, Jordan, Moscow, America, Israel, Gaza, United States, Iran, Yemen, Red, New York, Melbourne, Washington

UNITED NATIONS (AP) — Russia accused the United States on Monday of aggression against Iraq and Syria aimed at preserving its global dominance and salvaging the Biden administration’s “image” ahead of U.S. elections. Many council members expressed fears of a growing Mideast conflict and urged de-escalation and stepped-up peace efforts. Wood stressed that the United States doesn’t want more conflict in a region where it is “actively working to contain and deescalate the conflict in Gaza." "And we are not seeking a direct conflict with Iran,” Wood said “But we will continue to defend our personnel against unacceptable attacks. Ambassador Zhang Jun, a Russian ally, echoed her concerns about escalating tensions and actions, and pointed a finger at the United States.

Persons: Russia’s U.N, Vassily Nebenzia, ”, Robert Wood, Wood, ” Wood, “, Iran’s U.N, Amir Saeid Iravani, ” Iravani, ” U.N, Rosemary DiCarlo, Antonio Guterres, U.N, Zhang Jun, ” Zhang, Algeria’s U.N, Amar Bendjama, ” Bendjama Organizations: UNITED NATIONS, —, Biden, Security, U.S, . Army Locations: — Russia, United States, Iraq, Syria, U.S, Iranian, Russia, Syria’s, Israel, Lebanon, Sea, Yemen, Syrian Arab Republic, Russian, Iran, Jordanian, Monday’s, Gaza

☆ Charles Schwab's Liz Ann Sonders: We can't look at the market in a 'monolithic way' anymore
▼ + stars: | 2024-02-02 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCharles Schwab's Liz Ann Sonders: We can't look at the market in a 'monolithic way' anymoreLiz Ann Sonders, Charles Schwab chief investment strategist, joins 'Money Movers' to discuss what explains the bond market's reaction to Friday's jobs report, what's happening with regional bank stocks, and any spillover to the big banks.

Persons: Charles Schwab's Liz Ann Sonders, Liz Ann Sonders, Charles Schwab

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