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The measures were significant because Beijing has been holding back on a "bazooka" stimulus even though China's economy has been struggling to stage a convincing recovery post-pandemic. To be sure, this is not the first attempt China has made at boosting its economy in the past few years. However, Beijing's display of resolve also triggered market speculation that it's alarmed and panicked over the state of its economy, which is facing multiple challenges. Related storiesNotably, even on the heels of China's big stimulus announcement, most analysts also think Beijing still needs to do more to boost China's economy, particularly in boosting gloomy domestic demand. "Onshore stocks are a policy- and momentum-driven market, and policy signals don't get much clearer than this," they wrote.
Persons: , Pan Gongsheng, Andrew Rocco, Rocco didn't, Pan, Freya Beamish, Rory Green, Anthony Sassine, Sassine, Rocco, macroeconomy, China's CSI300 Organizations: Service, People's Bank of China, Business, Lombard, Investors, Zacks Investment Research, Global Data.TS, Yahoo Finance, Data.TS Locations: China, Beijing, Swiss, London
My husband, Ryan, and I practice gentle parenting. We were pleased my parents moved cross-countryI was raised with a certain amount of dieting. My parents moved from Charlottesville, Virginia, to California in 2021 when my daughter was 2, and I was about six weeks pregnant with my son. Mulligan coached her mom in gentle parenting. The following year, Mom moved to a retirement community within 15 minutes of our house.
Persons: , Joelle Mulligan, Ryan, Dad couldn't, Dad, Mulligan, Mom, I'm, millennials Organizations: Service, Business Locations: Santa Cruz , California, Charlottesville , Virginia, California
The savings rate slumped below 3% prior to the 2008 financial crisis, SocGen strategist Albert Edwards said in a note to clients on Wednesday. AdvertisementThe low savings rate attests to strong consumer spending, which has propped up the economy so far. That sounds like it should be good news, but the issue is that the savings rate is likely to rise again after plummeting to such low levels. Related storiesThat was what happened leading up to the Great Financial Crisis, when an uptick in the savings rate preceded the recession, Edwards noted. And while households aren't nearly as indebted as they were during the financial crisis, Americans are still showing signs of financial strain.
Persons: , Société, Albert Edwards, Edwards, " Edwards Organizations: Service, Commerce Department, Business, Primerica, San Francisco, McKinsey & Company, US, New York Fed
Meta Connect 2024 kicks off at 1 p.m. The CEO is expected to talk about AI, Meta's Ray-Bans and Quest, and demo the "Orion" AR glasses prototype. Go to newsletter preferences Thanks for signing up! download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Meta Connect kicks off on Wednesday afternoon, and the tech industry is anticipating some flashy new hardware.
Persons: Mark Zuckerberg, Meta's Ray, , it's Organizations: Service, Meta, Business
The firm's chief global strategist, Peter Berezin, pointed to two low-key labor market indicators flashing warning signals this month. AdvertisementHistorically, that number has always increased in the early stages of a recession, Berezin says. Meanwhile, recent survey data shows a narrowing gap in positive and negative labor market sentiment. On average, the peak in the labor differential comes nine months ahead of a recession, Berezin says. He says the data points to the contrary, with a slowdown in year-over-year labor force growth from 1.9% a year ago to 0.4% in August.
Persons: , Peter Berezin, Berezin, landers Organizations: Service, BCA Research, Business, Bureau of Labor Statistics, Conference Board
Nike's new CEO, Elliott Hill, started as an intern and climbed the corporate ladder over 30 years. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Go to newsletter preferences Thanks for signing up! download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementNike's incoming CEO is no stranger to the sports apparel company, beginning as an intern and working his way all the way up to the top spot.
Persons: Elliott Hill, , John Donohoe Organizations: Service, Nike, Business
This story is available exclusively to Business Insider subscribers. In fact, the two of my three children who have kids wouldn't even dream of asking me. Now that my older children have kids of their own, they do the same thing. AdvertisementLike me, my children believe that kids who attend daycare and camps often turn out better than those brought up by grandparents. AdvertisementDo you have an interesting story to share with Business Insider grandparents and childcare?
Persons: , Nirmala Sequeira, I'm, didn't, I've, They're Organizations: Service, Business Locations: Toronto, India, Dubai, Canada, Iceland, Mexico, Dominican Republic, Europe
US home prices hit yet another record high
  + stars: | 2024-09-25 | by ( Filip De Mott | ) www.businessinsider.com   time to read: +1 min
US home prices hit another record in July, according to the S&P CoreLogic Case-Shiller index. Prices rose 5% nationwide, a slowdown from prior months. Go to newsletter preferences Thanks for signing up! download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . New data from Case-Shiller showed home prices rose 5% in July from a year before, marking another record high.
Persons: , Brian D, Luke Organizations: Service, Business
I work at my clinic 40 hours a week, but I used to spend a lot of my time documenting patient notes outside those hours. AdvertisementLast fall, I started using Suki AI, an AI-powered voice assistant, to help me make notes from patient interactions. I'm in favor of using AI for notetaking, but do have hesitations about using it for other purposes in the medical field. I signed up to trial Suki AI, which I heard the American Academy of Family Physicians endorsed, and a competitor product. I'm all in when it comes to using AI for transcription and summing up visits, but we have to make sure we have appropriate guardrails when going beyond that.
Persons: , Jennifer J, Bryan, I've, It's, I'd, Suki, I'm, we're Organizations: Service, Hattiesburg Clinic, Business, Mississippi State Medical Association, American Academy of Family Physicians Locations: Mississippi
Read previewA Haitian-rights group is seeking the arrest of former President Donald Trump and his running mate, Sen. JD Vance, over them repeating unfounded claims about Haitians in Springfield, Ohio, eating pets. This story is available exclusively to Business Insider subscribers. "The direct impact on Springfield, Ohio of Trump and Vance's unrelenting lies cannot be overstated," it said. AdvertisementLocals told Business Insider earlier this month that the claims had created a tense and, some said, dangerous atmosphere in the Ohio town. Trump and Vance's offices did not immediately respond to a request for comment from Business Insider.
Persons: , Donald Trump, Sen, JD Vance, Trump, Vance, Guerline Jozef, Kamala Harris, Mike DeWine —, Jozef, Rob Rue's Organizations: Service, Business, Haitian Bridge Alliance, Court, Trump, Springfield Locations: Springfield , Ohio, Clark County, Ohio, Springfield
Economic Outlook: Fall 2024
  + stars: | 2024-09-25 | by ( Leslie Picker | ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailEconomic Outlook: Fall 2024Today, many women are concerned about the rising cost of living, interest rates and inflation. In addition to these economic headwinds, there's also a presidential election fast approaching. How will this impact your money and investments? Racquel Oden, HSBC US Head of Wealth and Personal Banking shares her expert perspective.
Persons: there's, Racquel Oden Organizations: HSBC US, Banking
The Summary Brett Favre revealed on Tuesday that he has Parkinson's disease. Hall of Fame quarterback Brett Favre’s announcement that he has Parkinson’s disease is bringing renewed attention to the potential links between collision sports and a risk of brain disease. It definitely says something.”Neurologists who treated boxing legend Muhammad Ali concluded in 2022 that his medical history supported a diagnosis of young-onset Parkinson’s disease, but they could not link the disease to head trauma. Many former football players have been found to show signs of the brain disease, which can only be diagnosed post-mortem. Crutchfield said it’s important for players to take breaks after a head trauma to avoid more serious brain injuries.
Persons: Brett Favre, Brett Favre’s, Favre, , I’ve, Parkinson’s, ” Favre, Angelina Katsanis, AP Favre, , Shannon Shaffer, Hannah Bruce, Bruce, ” Neurologists, Muhammad Ali, Ali, Kevin Crutchfield, ’ ”, Crutchfield, Thor Stein, ” Stein, CTE, Stein Organizations: of Fame, NFL, POLITICO, AP, National Football League, Green Bay Packers, Army, , Cleveland Clinic, Rune Labs, Boston University Alzheimer’s Disease Research, Hackensack Meridian Health, Boston, CTE Locations: Mississippi, Parkinson’s
Why Trump is polling better in Georgia than North CarolinaBy Steve KornackiThe latest round of New York Times/Siena College state polls is a continuation of what has become a pattern: Donald Trump seems to be faring slightly better in Georgia than in North Carolina. And Trump is up by 2 points in North Carolina, where he prevailed by 1.3 points four years ago. And yet — at least in polling — it’s Georgia, not North Carolina, where Trump seems better positioned. According to exit polling, Trump won the noncollege white vote in each state by roughly the same margin in 2020: 59 points in Georgia and 57 points in North Carolina. It’s a smaller lead among a slightly smaller share of the electorate than Harris has over those early voters.
Persons: Donald Trump's, Ben Kamisar, Steve Kornacki, Donald Trump, Trump, Kamala Harris, Joe Biden, Mark Robinson, we’re, Harris, , Bill McInturff, Republican pollster, Jeff Horwitt, Barack Obama, Hillary Clinton Organizations: NBC, White House, Capitol, Trump, New York Times, Siena College, Times, Peach, GOP, Democratic, it’s, Republicans, Republican, Hart Research Associates, Wall Locations: Georgia, North Carolina, Siena, Democratic Atlanta, Charlotte, Raleigh, Durham, it’s Georgia, Michigan , Pennsylvania, Wisconsin,
Lester Holt of NBC News talks with family members of hostages held by Hamas in Gaza. Siegel, 63, recalled some of the conditions inside the vast network of tunnels underneath the Gaza Strip. Israeli military officials told Ruby and Hagit Chen in early March that Itay was believed to have been killed on Oct. 7. “We have no physical evidence that Itay’s not alive.”Aviva Siegel, who was formerly held hostage by Hamas in Gaza, speaks with Lester Holt. Aviva Siegel said she cannot fathom the idea of celebrating what is normally a festive holiday this year.
Persons: Aviva Siegel, Keith, ” Siegel, Lester Holt, “ Keith, I’ve, we’re, , “ We’re, Lester Holt ”, Siegel, Jonathan Dekel Chen, Sagui Dekel, Chen, Orna Neutra, Omer Neutra, Yael Alexander, Edan Alexander, Mika Alexander, Edan’s, Andrea Weinstein, Judy Weinstein, Gadi, Hagit Chen, Itay Chen, Haggai, Ruby, Itay, ” Hagit Chen, , Itay’s, ” Aviva Siegel, , ” Orna Neutra, ” Jonathan Dekel, Rosh Organizations: NBC News, NBC, United Nations General Assembly, Officials, Hezbollah, Hamas Locations: New York, Gaza, Israel, Iran, Lebanon, Rosh
“It showed the callous way in which children going to the US. At a hearing in 1977, a U.S. congressman asked why so many children were still coming from South Korea. But with hundreds of stories to verify in a single week, only a tiny fraction of adoptions were denied. How is that possible?” said Susan Jacobs, a retired State Department official who has worked on adoption reform efforts. Robert Ackerman, immigration attache at the U.S. Embassy in Seoul, told reporters in 1988 that he had heard allegations of birth mothers being bribed.
Persons: Patricia Nye, , ” Nye, , Susan Jacobs, Laws, Homer Stark, ” Stark, David Will, ” Will, Stark, Donald Wells, “ I’ve, Robert Ackerman, Ackerman, ” Ackerman, Michelle Bernier, Toth, adoptees, Elizabeth Bartholet Organizations: Social Service, U.S, Embassy, University of Minnesota Libraries, ISS, State Department, State, United Press International Locations: Seoul, Asia, U.S, South Korea, Tokyo, Gwinnett County , Georgia, strollers, Georgia, United States, Europe, Hague, Korea
HONG KONG — Hong Kong's Cathay Pacific Airways has banned a couple for harassing a mainland Chinese woman who refused to put up her reclined seat. An altercation occurred during a flight from Hong Kong to London on September 17. Whether on the plane or online, I had many friends from Hong Kong who came forward to help and support me," she added. Hong Kong was returned to China after it was handed over by Britain in 1997. In recent years, Chinese influence has been growing in the global financial hub, with the Beijing imposed National Security Law and an influx of mainland Chinese professionals.
Persons: Jin Yuelin —, China's, Hong Kong Organizations: Cathay Pacific Airways, NBC News, Cathay, Cathay Pacific Group, Britain, National Security Law Locations: HONG KONG, Hong, Hong Kong, London, China, Mainland, Cathay Pacific, Beijing
Israel’s military warned residents in southern and eastern Lebanon to evacuate certain areas, spurring tens of thousands of people to flee their homes. The lawsuit alleges ExxonMobil misled consumers for decades, encouraging Americans to pursue a “throw-away lifestyle” and downplaying concerns about plastics’ ecological risks. Effort to change Nebraska’s electoral vote system blockedA Republican state senator’s opposition to a law changing how Nebraska allocates its electoral votes drew anger from former President Donald Trump. State Sen. Mike McDonnell wrote in a letter that he is opposed to changing Nebraska’s system — which awards electoral votes by congressional district — to a winner-take-all approach so close to Election Day. Under a winner-take-all model, Trump would be all but certain to win all of Nebraska’s electoral votes.
Persons: Fadel Itani, Israel, , Rob Bonta, , Read, Donald Trump, Donald Trump . State Sen, Mike McDonnell, McDonnell, Trump, Lars Fruergaard Jørgensen, Ryan Wesley Routh, Marcellus Williams, Felicia “ Lisha ” Gayle, Bill Anders, — Elizabeth Robinson, Elizabeth Robinson Organizations: ExxonMobil, Getty, International Organization for Migration, U.S . State Department, NBC News, Republican, Donald Trump . State, drugmaker Novo Nordisk, Service, Justice Department, Trump, National Hurricane Center, King, Gettysburg College, NASA, NBC, Walmart Locations: Lebanon . California, Lebanon, Israel, Beirut, AFP, California, Nebraska, Omaha, Florida, Trump’s, Lago, Butler , Pennsylvania, Missouri, Caribbean, Colorado, Boulder, Boulder ., Pennsylvania, Spain
A female cat has more freedom in Afghanistan than a woman does, Hollywood actor Meryl Streep said at the United Nations on Monday in a bid to get world leaders to focus on the plight of Afghan women and girls. “The way that ... this society has been upended is a cautionary tale for the rest of the world,” Streep told an event on the sidelines of the U.N. General Assembly to encourage the inclusion of women in the future of Afghanistan. The U.N. has sought a unified global approach to dealing with the Taliban, who have cracked down on women’s rights. Most girls have been barred from high school and women from universities by the Taliban. A squirrel has more rights than a girl in Afghanistan today, because the public parks have been closed to women and girls,” Streep said.
Persons: Meryl Streep, ” Streep, , ” U.N, Antonio Guterres Organizations: United Nations, General Assembly, Taliban, Locations: Afghanistan, Kabul
Lynn Song, chief economist for greater China ING, called the repo rate cut announcement “the most important” move made during the news conference. “If we see a large fiscal policy push as well, momentum could recover heading into the fourth quarter.”The headquarters of the People’s Bank of China in Beijing. During his first news conference as central bank governor in January, Pan said the PBOC would cut the reserve requirement ratio. Unlike the Fed’s focus on a main interest rate, the PBOC uses a variety of rates to manage monetary policy. Pan has indicated he would like the 7-day rate to become the main policy rate.
Persons: Pan Gongsheng, Pan, Lynn Song, , , Jiang Qiming, ” Edmund Goh, Goldman Sachs, Li Yunze, Li, Nomura Organizations: People’s Bank of China Gov, China ING, , U.S . Federal Reserve, People’s Bank of China, China News Service, Getty, Pan, National Financial Regulatory Administration Locations: BEIJING, China, Beijing, abrdn
The head of the committee, Sen. Bernie Sanders, I-Vt., has been vocal about his frustrations over how much Novo Nordisk charges Americans for both Ozempic (used to treat type 2 diabetes) and Wegovy (approved for weight loss). Mariam Zuhaib / AP“It is clear that Novo Nordisk is ripping off the American people,” Sanders told NBC News in June. In a statement Monday, Novo Nordisk defended its pricing structure. Novo Nordisk holds the patent on semaglutide, so other companies aren't able to make a generic version. That leaves Novo Nordisk — and ultimately Jørgensen — to answer questions about the price of its blockbuster drugs.
Persons: Lars Fruergaard Jørgensen, Jørgensen, Sen, Bernie Sanders, Sanders, Mariam Zuhaib, ” Sanders, , United States don’t, Organizations: Nordisk, Capitol, Health, Education, Labor, Pensions, NBC News, Novo Nordisk, Department of Health, Human Services, NBC, Novo Nordisk — Locations: Canada, Europe, United States, Germany, United Kingdom, U.S, Novo
My husband, Nick, and I thought it was cute when our first daughter was born on August 25, 2015, on our dog, Koda's fourth birthday. The day before we had our latest baby, Valentina, my eldest Sophia, 9, wished upon a star that she would arrive healthy on her birthday. Our daughters feel unique and specialAnother thing that people say to us is, "Oh, the poor kids, having to share a birthday." Meanwhile, Nick contacted the Guinness Book of World Records from the hospital on the day that Valentina, now one month old, was born. Do you have an interesting story about your family to share with Business Insider?
Persons: , Kristin Lammert, Nick, Koda's, Valentina, Sophia, I'd, we'd, Guilana, Mia, Covid, hyperemesis, Guiliana —, Mia —, they'd, We're Organizations: Service, Business, Guinness, World Records Locations: South Carolina
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch Tuesday's full episode of the Halftime Report — September 24, 2024"Fast Money Halftime Report" is on the front lines of CNBC's market coverage. Host CNBC's Scott Wapner and the Street's top investors get to the heart of the action as it's happening and help set the agenda for the rest of the day. Watch today's full episode on CNBC PRO.
Persons: CNBC's Scott Wapner Organizations: CNBC PRO
For the third quarter, the S & P 500 has popped 4.7%, while the Dow is higher by 7.7%. "The bond market has the fed funds rate being cut below 3% in 2025," Johnston, the firm's head of derivatives and cross asset strategy, wrote in a note Monday. On Monday, S & P Global said its U.S. manufacturing purchasing managers' index fell to a 15-month low in September — while its services sector gauge showed expansion. He likes put spreads on the SPDR S & P 500 ETF Trust (SPY) expiring Oct. 31. If history is any guide, it'll most likely be the bond market.
Persons: Cantor Fitzgerald's Eric Johnston, Johnston Organizations: Dow Jones, Federal Reserve, Dow, P Global, Trust Locations:
Sen. Manchin says he won't endorse Kamala Harris over her recent remarks regarding the filibuster. Harris told Wisconsin Public Radio that she supported scrapping the rule to restore Roe v. Wade. Manchin later told CNN that such a move would turn the Senate into "the House on steroids." Go to newsletter preferences Thanks for signing up! AdvertisementSen. Joe Manchin of West Virginia said he wouldn't back Vice President Kamala Harris' presidential bid after she expressed support for eliminating the filibuster to codify abortion rights.
Persons: Sen, Manchin, Kamala Harris, Harris, Roe, Wade, , Joe Manchin, West Virginia Organizations: Wisconsin Public Radio, CNN, Service, Democratic Party, Business Locations: West
Read previewUkrainian President Volodymyr Zelenskyy criticized Ohio Sen. JD Vance as being "too radical" and recommended that he read up on World War II in an interview with The New Yorker. In exchange, Vance said, Ukraine would need to guarantee it wouldn't join NATO or other "allied institutions." AdvertisementIn his interview with The New Yorker, Zelenskyy dismissed this as an "awful idea" and "just sloganeering." Advertisement"Let Mr. Vance read up on the history of the Second World War, when a country was forced to give part of its territory to one particular person," he told The New Yorker. In the interview, Zelenskyy also addressed Trump's repeated claims that he could end the war between Russia and Ukraine within 24 hours, despite his failing to present a specific plan.
Persons: , Volodymyr Zelenskyy, Ohio Sen, JD Vance, Zelenskyy, Donald Trump's, Vance, Trump, wouldn't, Mr, Adolf Hitler, Hitler, Trump's Organizations: Service, Ohio, Business, NATO, New, Trump Locations: Ukraine, Russia, Ukrainian, Europe
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