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Indexes rallied Thursday on positive jobs data and promises of further economic stimulus in China. AdvertisementUS stocks rallied on Thursday, fueled by China stimulus measures and positive jobs data to pare losses from yesterday. The indexes rallied after leaders in China pledged to support the economy with more strong policy measures. The indexes' gains were also fueled by positive labor market data. Meanwhile, second-quarter GDP came in unrevised at a 3% annualized rate, according to data released Thursday.
Persons: , Eric Jackson, SocGen Organizations: Service, Labor Department, Federal Reserve Locations: China, unrevised
China's new stimulus measures helped boost Bernard Arnault's net worth by $6.2 billion in a day. LVMH shares surged 4% on the news. Bernard Arnault, the chairman of LVMH, saw his net worth soar $6.2 billion on Tuesday, according to data from Bloomberg, as shares of the luxury goods maker surged 4%. At one point in March, Arnault was the richest person in the world, but since the start of the year, he slipped in the net worth rankings as LVMH stock struggled and a huge mega-cap tech rally boosted the net worth of tech CEOs. AdvertisementArnault's net worth now stands at $183 billion, just ahead of Oracle cofounder Larry Ellison's $179 billion and behind the $200+ billion fortunes of Mark Zuckerberg, Jeff Bezos, and Elon Musk.
Persons: Bernard Arnault's, , Bernard Arnault, Arnault, Louis Vuitton, LVMH, Pan Gongsheng, Larry Ellison's, Mark Zuckerberg, Jeff Bezos, Elon Musk Organizations: Consumers, Service, Bloomberg, Dior, Tiffany, TAG Heuer, People's Bank of China, Oracle Locations: China
Tyler Christopher, an actor best known for his long-running role on the TV soap opera “General Hospital,” has died. A former co-star, Maurice Benard, said on Instagram that Mr. Christopher had died Tuesday morning in his San Diego apartment because of a “cardiac event.” Mr. Christopher’s death was also confirmed by his manager, Chi Muoi Lo. Mr. Christopher won a Daytime Emmy Award in 2016 for best lead actor as Stefan DiMera on “Days of Our Lives,” another soap opera. He is best known for playing Nikolas Cassadine on “General Hospital” from 1996 to 2016, while also appearing in several other TV shows and movies. “Tyler was a sweet soul and wonderful friend to all of those who knew him.”
Persons: Tyler Christopher, , Maurice Benard, Christopher, Mr, Christopher’s, Chi Muoi Lo, Stefan DiMera, Nikolas Cassadine, “ Tyler, ” Mr, Benard Organizations: Locations: San Diego
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