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☆ Billionaire investors were torn on Alphabet, Amazon. How they traded 5 portfolio stocks
▼ + stars: | 2024-11-15 | by ( Morgan Chittum | ) www.cnbc.com time to read: +5 min

Club holdings Alphabet and Amazon found themselves on the fault line. Battleground tech GOOGL YTD mountain Alphabet (GOOGL) year-to-date performance Third Point, the hedge fund run by Dan Loeb, sold its entire nearly $333 million position in Alphabet last quarter. Third Point trimmed its Amazon holdings by nearly 28%. A fund's holdings may very well have changed by the time the previous quarters' filings are revealed. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.

Persons: Wall, Dan Loeb, David Tepper, Seth Klarman, Philippe Laffont's Coatue, Bill Ackman's Pershing, Daniel Sundheim, Coatue, Donald Trump's, Eli Lilly, Jim Cramer's, Jim, Jim Cramer, Sebastien Bozon Organizations: Management, Group, D1, Amazon, Big Tech, Nasdaq, Health, D1 Capital, GE Healthcare, Jim Cramer's Charitable, CNBC, AFP, Getty Locations: 13Fs, Danaher

☆ David Tepper's Appaloosa loaded up on Temu parent PDD Holdings during third quarter
▼ + stars: | 2024-11-14 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +2 min

Hedge fund billionaire David Tepper's bet on China involved increasing his exposure to the leading e-commerce companies in the world's second-largest economy, according to the latest securities filing. Tepper's Appaloosa Management more than doubled its position in Temu parent PDD Holdings in the third quarter, according to the hedge fund's quarterly filing. Between Alibaba , PDD and JD.com , Appaloosa held roughly $2 billion of Chinese e-commerce stocks at the end of September. The quarterly hedge fund filing released Thursday showed only positions in U.S.-traded equities, including American depositary receipts, and some derivatives. PDD 6M mountain Chinese stocks like PDD Holdings have been volatile in recent months.

Persons: David Tepper's, Tepper, Stocks, Donald Trump's Organizations: Management, PDD Holdings, CNBC, U.S . Securities, Exchange Commission, Wynn Resorts, iShares FTSE, iShares FTSE China ETF, Vistra Corp, NRG Energy, Amazon, Microsoft, UPS, Boeing, U.S . PDD Holdings, National Football League's Carolina Panthers Locations: China, PDD, Alibaba, iShares FTSE China, Lyft, U.S

☆ Wall Street strategists sour on the China trade, see stimulus as another 'boom-bust' episode
▼ + stars: | 2024-10-16 | by ( Yun Li | ) www.cnbc.com time to read: +3 min

Beijing's lack of concrete economic stimulus actions poured cold water on U.S. investors who went big on the China trade, and strategists on Wall Street are warning of disappointment ahead. The professional cohort had piled into beaten-down stocks last month, stirred by hopes of more government assistance for the troubled China economy. "Indeed, the only part of the Chinese economy that appeared to be holding was its export sector. Investor sentiment toward Chinese stocks was partly aided by high-profile hedge fund manager David Tepper of Appaloosa Management, who turned extremely bullish. Stanley Druckenmiller reportedly said he's not interested in Chinese stocks under the current political leadership, regardless of the new policies.

Persons: Stefano Pascale, Sameer Samana, Donald Trump, Barclays Pascale, David Tepper, Tepper, Ray Dalio, Stanley Druckenmiller, he's, — CNBC's Michael Bloom Organizations: Barclays, Trump, CSI, Appaloosa Management, CNBC Locations: China, Wells Fargo, Beijing

☆ NFL Power Rankings Week 7: How good are Ravens, Lions? Plus more big questions
▼ + stars: | 2024-10-15 | by ( Josh Kendall | ) www.nytimes.com time to read: +26 min

Baltimore Ravens (4-2)Last week: 3Sunday: Beat Washington Commanders 30-23One Big Question: Which Raven is the MVP frontrunner? Detroit Lions (4-1)Last week: 6Sunday: Beat Dallas Cowboys 47-9One Big Question: Was Sunday a good day or a bad day? (Brian Fluharty / Imagn Images)Last week: 4Sunday: Beat New England Patriots 41-21One Big Question: Can Tank Dell step up? Washington Commanders (4-2)Last week: 5Sunday: Lost to Baltimore Ravens 30-23One Big Question: Is this a new-and-improved Kliff Kingsbury? (Jim Dedmon / Imagn Images)Last week: 10Sunday: Beat Carolina Panthers 38-20One Big Question: Are the Falcons good?

Persons: We’re, Sam Darnold, Darnold, Kevin O’Connell, Watson, Lamar Jackson, Derrick Henry, Adrian Peterson, Aidan Hutchinson, Hutchinson, Dallas, Jared Goff, Smith, Schuster, hasn’t, Xavier Worthy, Adams, Amari Cooper, Dell, Nico Collins, Brian Fluharty, Collins, Kliff, Will, Jayden Daniels, Romeo, Josh Allen, Allen, Bijan Robinson, Jim Dedmon, Kirk Cousins, Drake London, Kyle Pitts, Will Christian McCaffrey, That’s, Ricky Pearsall, McCaffrey, Jordan Mason, Mike Evans, Evans, Larry Fitzgerald’s, Dobbins, Justin Herbert, Cole, Caleb Williams, Cole Kmet, Scott Daly, Kmet, ColeKmet, m., Gian, ove, Y, ake, Ma, ros, uka, Kup, Tua, Nick Saba, “The, Mike McDa, Levi, oda, Netw, ong, lea, Caro, Shad Khad, fini, ”, Kev, Stef, lev, Zac, Goff, Ron J enk Organizations: NFL, Ravens, Lions, Vikings, Jets, Detroit Lions, Browns, Baltimore Ravens, EPA, Tampa Bay Buccaneers, Beat Dallas Cowboys, Cowboys, Minnesota Vikings, Chiefs, San Francisco 49ers, Texans, New England Patriots, Patriots, Dell, Houston, AFC, Green Bay Packers, Washington, Arizona Cardinals, Arizona, Carolina Panthers, Beat Arizona Cardinals, Packers, Colts, Titans, Rams, Cardinals, Houston Texans, Beat New York Jets, Tennessee Titans, Falcons, Beat Carolina Panthers, NFC, Carolina, Panthers, Seattle Seahawks, Beat Seattle Seahawks, 49ers, NFL Network, Kansas City Chiefs, Beat New Orleans Saints, Bucs, Beat Denver Broncos, Chargers, The Broncos, Beat Jacksonville Jaguars, J, ppl, ams, Nac, cAf, oun, ard, ust Locations: Weeks, Kliff Kingsbury ? Washington, TruMedia, Kingsbury, Baltimore, Atlanta, Seattle, Tampa Bay, J.K, Chicago, London, agen

☆ China economy: Stock markets’ holiday optimism doesn’t spread to Chinese shoppers
▼ + stars: | 2024-10-10 | by ( Juliana Liu | ) edition.cnn.com time to read: +3 min

Hong Kong CNN —Global investors went wild during China’s just-concluded Golden Week holiday by snapping up “everything” related to the country. But that optimism didn’t extend to shoppers and travelers in the world’s second-largest economy itself. “Low tourism spending per head and subdued services prices highlighted still weak domestic demand and continued consumption downgrading,” they said. Goldman Sachs added that anecdotal evidence indicates hotel prices and airfares during the holiday were lower than year-ago levels. According to official data, cross-border travel rose by about 26% to 13 million trips, compared with last year’s holiday period.

Persons: Goldman Sachs, ”, Xi Jinping, David Tepper Organizations: Hong Kong CNN — Global, Citi, Management, CNBC, Hong, National Development, Reform Commission, Ministry of Finance Locations: China, Hong Kong, Shanghai, Shenzhen

☆ Hedge funds do an about-face on the China trade, selling stocks in record numbers
▼ + stars: | 2024-10-10 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

Hedge funds that recently flocked into Chinese stocks on stimulus hopes just did a 180. The net selling was 1.4 times larger than the previous record, Goldman said. "As NDRC underwhelmed, hedge funds rapidly sold off Chinese equities," Goldman strategists said in a note to clients on Wednesday. "Hedge funds not only unwound their long positions but added shorts to their books as well, with long sells being double the amount of short sells." Hedge funds had only just piled into the developing market at a record pace one week before , as Beijing's rare stimulus blitz unleashed newfound optimism.

Persons: Goldman Sachs, Goldman, David Tepper, Mehran Nakhjavani Organizations: National Development, Appaloosa Management, CNBC, China's CSI, MRB Partners Locations: China

☆ Ray Dalio says investing in China is tricky as Beijing becomes less favorable toward capitalism
▼ + stars: | 2024-10-08 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

Billionaire investor Ray Dalio thinks it's still tricky to invest in China right now as Beijing may be seeking to structurally move the country away from capitalism. "There's something big going on that they had a debt crisis and they also had a capitalism crisis. The high-profile investor even said he is raising his usual allocation limit and is not hedging his big China bet. Dalio said he doesn't expected big rate cuts as the economy remains in solid shape. I think the economy by and large right now itself is in relatively good balance," he said.

Persons: Ray Dalio, Dalio, David Tepper Organizations: Bridgewater Associates, Greenwich Economic, CSI, Appaloosa Management, CNBC Locations: China, Beijing, Greenwich, Greenwich , Connecticut

☆ Investors slam the brakes on the hottest trade going in the market
▼ + stars: | 2024-10-08 | by ( Alex Harring | ) www.cnbc.com time to read: +4 min

But he did not announce any major new plans for ensuring economic health, leaving investors feeling underwhelmed. The iShares MSCI China ETF (MCHI) sank nearly 11%, on track for its worst day ever. The iShares China Large-Cap ETF, for example, soared 33% between Sept. 23 and Oct. 7. Morgan Stanley strategist Laura Wang on Tuesday revised price targets for the major Chinese stock market indexes, suggesting no room for further gains compared with current levels. "Today's press conference at least in the near term reinforces such belief, in our view, and the stock market could see more divergence at individual stock level."

Persons: Zheng Shanjie, Bilibili, Nio, Ray Dalio, FXI, Jeff deGraaf, David Tepper, Morgan Stanley, Laura Wang, Wang, Merrill Lynch, Helen Qiao, Xiangrong Yu, Yu Organizations: National, Reform Commission, CSI China Internet, Billionaire, Bridgewater Associates, Greenwich Economic, Appaloosa Management, U.S . Federal Reserve, Wynn Resorts, Sands, Macau — Locations: China, Greenwich, Greenwich , Connecticut, Beijing, Macau, Tuesday's, U.S

☆ There’s too much negativity about the stock market. Focus on these 3 positives instead
▼ + stars: | 2024-10-06 | by ( Jim Cramer | ) www.cnbc.com time to read: +10 min

After all of these years, after all of the rather incredible rallies and gains in the stock market from so many groups, the typical morning still starts with a bevy of negativity. We hear about OpenAI and its brilliant $167 billion valuation , but we don't see any stock available to public-market investors. I have been furious at myself for thinking the Chinese government couldn't do anything about the country's struggling stock market. The Chinese stock market has been rallying nicely since the stimulus announcements. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.

Persons: —, Elon Musk, he's, isn't, Carl Quintanilla, David Tepper, holler, That's, that's, Jim Cramer's, Jim Cramer, Jim, Spencer Platt Organizations: Federal Reserve, Walmart, Fed, SpaceX, Nike, Walgreens, CVS Health, Club, GE Healthcare, Wynn Resorts, Chinese Communist Party, Apple, PDD Holdings, JD.com, Baidu, Diamondback Energy, Exxon Mobil, CNBC, New York Stock Exchange, Getty Locations: U.S, China, —, New York City

☆ Hedge funds are piling into Chinese stocks like never before as sweeping stimulus sparks enthusiasm
▼ + stars: | 2024-10-03 | by ( Yun Li | ) www.cnbc.com time to read: +3 min

Beijing's rare stimulus blitz unleashed newfound optimism from hedge fund investors, who have been piling into beaten-down Chinese stocks like never before. Hedge funds started flocking to Chinese stocks after the government announced a flood of stimulus measures in a bid to revive growth and avoid a deep slump in the world's second largest economy. The high-profile investor even said he's raising his usual allocation limit and is not hedging his big China bet. He dove into Chinese internet stocks last quarter as Burry's hedge fund, Scion Asset Management, made Alibaba its top holding at the end of June. KWEB 5D mountain KraneShares CSI China Internet ETF Beijing's big stimulus also prompted BlackRock, the world's largest asset manager, to upgrade Chinese stocks to overweight — with a caveat.

Persons: Goldman Sachs, David Tepper, Tepper, Burry It's, bullish, Nick Wilcox, Michael Burry, Stanley Druckenmiller, he's Organizations: Appaloosa Management, CNBC, China . Man, Man, Scion Asset Management, Baidu, CSI China, BlackRock, U.S Locations: China, Taiwan

☆ China stock ETFs rip higher even as mainland markets close for holiday
▼ + stars: | 2024-10-02 | by ( Yun Li | ) www.cnbc.com time to read: +1 min

People walk on a pedestrian bridge displaying the Shanghai and Shenzhen stock indexes on January 02, 2024 in Shanghai, China. Exchange-traded funds overseas that track Chinese stocks continued their stimulus-triggered rally Wednesday even as mainland markets were shut for a week-long holiday. Mainland Chinese markets, including Shanghai and Shenzhen stock exchanges, will remain closed until Oct. 8. "I am bullish on Chinese equities; this time is different," Scott Rubner, tactical specialist at Goldman Sachs, said in a note. "I have never seen this much daily demand for Chinese equities: I do not even think we have gone back to benchmark index weights yet."

Persons: Scott Rubner, Goldman Sachs, David Tepper, JD.com Organizations: Exchange, Hong Kong Stock Exchange, Management, CNBC Locations: Shanghai, Shenzhen, China, Mainland, Beijing

☆ China ETFs were big winners in September. History says to be cautious from here
▼ + stars: | 2024-09-30 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +2 min

As a result of that excitement, China ETFs are dominating the list of top performing funds in September, according to FactSet. The iShares MSCI China ETF (MCHI) was up about 22% on the month, while the KraneSharesCSI China Internet ETF (KWEB) was up more than 32%. Other top performers include the Global X MSCI China Consumer Discretionary ETF (CHIQ) and the Invesco Golden Dragon China ETF (PGJ) , with September gains of roughly 32% and 30%, respectively. The MSCI China Index's total annualized return during that period is under 1%. The average here is a gain of +78% over 176 trading days vs. a decline of -42% over 165 trading days," the note continued.

Persons: Todd Sohn, David Tepper, there's Organizations: People's Bank of, CSI, China Internet, Dragon China Locations: People's Bank of China, China, U.S

☆ Analysis: China is celebrating National Day but with the economic downturn not everyone is in the party spirit
▼ + stars: | 2024-09-30 | by ( Nectar Gan | ) edition.cnn.com time to read: +10 min

Tourists visit an ancient city gate in Beijing, China ahead of National Day. The stock market may be in the midst of one of its most remarkable turnarounds, but economists say reversing China’s economic downturn will require much more work. “Stimulating the stock market doesn’t really do much for the real economy in China. Very few people invest in the stock market compared to other major markets,” said Logan Wright, director of China markets research at Rhodium Group. Property woesThe outlook for the real estate industry, which makes up about a quarter of the Chinese economy and 70% of household wealth, remains dim.

Persons: Japan’s “, Xi Jinping, Xi, Xu Tianchen, Hong, David Tepper, ”, Logan Wright, Wright, There’s, ” Wright, “, hasn’t, Alfred Wu, Lee Organizations: Hong Kong CNN, Economist Intelligence Unit, Reuters, Shenzhen bourses, Securities Times, Tourists, Management, CNBC, Barclays, Communist Party, Lee Kuan Yew, of Public, National University of Singapore Locations: Hong Kong, China, People’s Republic, United States, Beijing, Shanghai, Shenzhen, Guangzhou, China’s, Xi’s

☆ China's $114 billion stimulus package immediately boosted its stock market. But can it last?
▼ + stars: | 2024-09-30 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +8 min

AdvertisementUS financial firms' interest in China was on its last legs, but a new stimulus package has some investors excited again. The immediate impact of China's $114 billion package, which includes cutting interest rates and reducing the amount of money banks need to keep in reserve, has been big. Traders, investors, and speculators have sent China's stock market to its best month in nearly a decade , signaling that the market players think that Beijing's moves are a "bazooka." Our annual list of Wall Street rising stars is here. According to a new report from The Wall Street Journal, executives attempted to woo the AI researcher back before rescinding the offer.

Persons: —, Andres Martinez Casares, Alyssa Powell, Linette Lopez isn't, Linette, Jon Hicks, that's, David Tepper, He's, Tepper, Pan Gongsheng, BI's Filip De Mott, Wall, Natalie Ammari, Crypto, Donald Trump, Kamala Harris, Marc Piasecki, Tyler Le, who's, OpenAI execs, Ilya Sutskever, it's, Tara Anand, aren't, Jerome Powell, Ryan Routh, El Chapo, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, Grace Lett, Amanda Yen, Milan Sehmbi Organizations: Business, Service, Traders, Bank of China, bros, Trump, Getty, Houston Chronicle, Hearst Newspapers, Elon, Wall Street Journal, Netflix, Longshoremen's Association, National Association for Business Locations: China, New York, London, Chicago

☆ Stocks to play the China trade until the latest stimulus package kicks in
▼ + stars: | 2024-09-29 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +6 min

Until the government's measures pan out, investment strategists are recommending a handful of oversold stocks in China. U.S. hedge fund billionaire David Tepper said Thursday on CNBC's " Squawk Box " that he bought more Chinese stocks after the change in China policy. That hedge fund allocation rose to 7.3% on Tuesday, which saw the largest single day purchases by hedge funds since March 2021, Rubner said. Retail investors account for the majority of trading activity in mainland Chinese stocks, also known as A shares. Mainland Chinese stock exchanges are scheduled to close from Oct. 1 to Oct. 7 for a holiday, which this year commemorates the 75th anniversary of the People's Republic of China.

Persons: Wendy Liu, Rupal Agarwal, Bernstein, David Tepper, Donald Trump, Tepper, Pan Gongsheng, Xi Jinping, Scott Rubner, Goldman Sachs, Rubner, Goldman, China hasn't, Li Dongfang, Li, financials, — CNBC's Michael Bloom Organizations: CSI, JPMorgan, Tal Education, Huawei, People's Bank of China, CNBC, HK Locations: Shanghai, Shenzhen, China, Tsingtao, U.S, Zhejiang, Asia, Hong Kong, Beijing, Mainland, People's Republic of China

Wang, chief China equity strategist at Morgan Stanley, told CNBC's " Street Signs Asia " Friday that the index could rise by another 10%. But she cautioned that more details on Beijing's recent economic stimulus measures were needed for a sustained rally. Chinese stocks rose further after Beijing on Thursday called for halting the real estate slump and a strengthening of monetary and fiscal policy. He said he's bought more Chinese stocks since. "After the break, we would really like to see as soon as possible the execution details on the physical spending and on the market stabilization measures," Wang said.

Persons: Morgan Stanley's Laura Wang, Wang, Morgan Stanley, CNBC's, Goldman Sachs, David Tepper, he's Organizations: CSI Locations: Shanghai, Shenzhen, China, Beijing

☆ Mark Cuban says Trump has turned the GOP into his family business
▼ + stars: | 2024-09-27 | by ( Aditi Bharade | ) www.businessinsider.com time to read: +5 min

Mark Cuban says Trump has turned the Republican Party into his own "family business." AdvertisementMark Cuban said former President Donald Trump has made the Republican Party his "family business." The former president has five children — Donald Trump Jr., Ivanka Trump, Eric Trump, Tiffany Trump, and Barron Trump. Lara Trump is a former TV news producer and has been a fixture in her father-in-law's political career. Cuban and representatives of Trump didn't immediately respond to a request for comment from Business Insider, sent outside business hours.

Persons: Mark Cuban, Trump, Kamala Harris, —, Donald Trump, CNBC's, Cuban, David Tepper, Gary Gensler, Tepper, Gensler, we've, — Donald Trump Jr, Ivanka Trump, Eric Trump, Tiffany Trump, Barron Trump, Jared Kushner, Lara Trump —, Eric —, Lara Trump, Lara, MAGA, Donald Trump Jr, who's, Barron, Ross, Westcott, John Deere, Brian Tyler Cohen, Joe Biden, Harris Organizations: Republican Party, CNBC, Cuban, Service, GOP, SEC, Republican National, RNC, Trump, Team Publishing, Gen, Trump . Cuban, Democratic, Axios, Business Locations: Cuban, Mexico, American, Silicon

☆ Alibaba, Tencent rally as Beijing stimulus plans push China's tech stocks to 13-month high
▼ + stars: | 2024-09-27 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +2 min

The e-commerce giant's shares in Hong Kong are around 18% higher this week. Chinese tech stocks, including beaten-down names like Alibaba, rallied this week, hitting highs not seen in more than a year after China's central bank announced measures to stimulate the world's second-largest economy. Prior to the cuts, investors had been cautious on Chinese tech stocks like Alibaba and Meituan which are sensitive to the economy and consumer in China. However, big-name investor have started to strike a bullish tone on Chinese stocks. Despite the latest upswing, Chinese tech stocks remain significantly off their all-time highs hit in 2021.

Persons: Alibaba, David Tepper, Evelyn Cheng Organizations: Hong, Hang Seng Tech, Hong Kong, People's Bank of, Billionaire, CNBC, U.S . Federal Reserve, Baidu Locations: U.S, Hong Kong, People's Bank of China, China

☆ What the Eric Adams indictment means for New York City's leadership and future
▼ + stars: | 2024-09-27 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . In today's big story, the walls are closing in on New York City Mayor Eric Adams after a federal indictment . New York City Mayor Eric Adams was indicted on five criminal counts in a corruption probe accusing him of bribery and receiving illegal campaign contributions from foreign nationals. In one case, according to the indictment, that meant a Turkish Airlines manager offering to charge Adams $50 for two business-class seats worth $15,000 . AdvertisementMessages obtained by prosecutors also show Adams promising his staffer he "always" deleted texts following a discussion of alleged Turkish bribes.

Persons: —, Eric Adams, Eric Adams Seth Wenig, Alyssa Powell, Adams, Damian Williams, Gary Hershorn, He's, Alex Spiro, Elon Musk's, Kathy Hochul, Jumaane Williams, Ali Jarekji, it's, David Tepper, Sam Altman's, Getty, Olivier Verriest, Andrei Akushevich, Tyler Le, Dan DeFrancesco, Jordan Parker Erb, Jack Sommers, Nathan Rennolds, Amanda Yen, Milan Sehmbi Organizations: Business, Service, New York City, New, Democrat, Brooklyn Borough, Southern, of, Turkish Airlines, FDNY, Reuters, Financial Times, YouTube, Snapchat, Publishers, York Film Locations: New, States, New York, Manhattan, of New York, Turkish, Ali, Saudi Arabia, China, London

☆ David Tepper's big bet after the Fed rate cut was to buy 'everything' related to China
▼ + stars: | 2024-09-26 | by ( Sarah Min | ) www.cnbc.com time to read: +2 min

Billionaire hedge fund founder David Tepper said his big bet after the Federal Reserve's rate cut was to buy Chinese stocks. "We got a little bit longer, more Chinese stocks," Tepper continued. FXI 1D mountain iShares China Large-Cap ETF The iShares China Large-Cap ETF (FXI) rallied more than 6% following Tepper's comments, extending its gains from a winning session for Chinese and Hong Kong stocks. Tepper also noted the Chinese market is cheaper than U.S. equities. To be sure, rising geopolitical concerns including further tariffs between the U.S. and China have spooked many investors away from the China market.

Persons: David Tepper, Tepper, CNBC's, Xi Jinping Organizations: Fed, Appaloosa Management, Baidu, Wynn Resorts, U.S Locations: China, U.S, Hong Kong, Sands

☆ Ron Insana: China's stock rally won't last because its economic problems run too deep
▼ + stars: | 2024-09-26 | by ( Ron Insana | ) www.cnbc.com time to read: +5 min

China's stock market has recently rebounded on the promise of further economic and market stimulus. The measures include cuts to a variety of interest rates , as well as support for China's flagging real estate sector . China's stimulus efforts The Shanghai Composite has rallied sharply in the aftermath of those moves but remains about 50% below its all-time high of nearly 6,000, last seen in 2007. These moves have failed to boost growth or lead to a durable and sustainable stock market rally. The U.S. stock market accounted for roughly 60% of global stock market valuation in 2023.

Persons: David Tepper, Let's, Ron Insana Organizations: Bank, Atlanta, Apple, Microsoft, Nvidia, Amazon, European Union, U.S . Energy, Administration, The, U.S, Olympus, CNBC Locations: United States, China, It's, Shanghai, U.S, Beijing, Europe, Canada, European, The U.S, Russia, Iran, North Korea

☆ Appaloosa's David Tepper explains why he's not buying Nvidia on the dip here
▼ + stars: | 2024-09-26 | 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 EmailAppaloosa's David Tepper explains why he's not buying Nvidia on the dip hereDavid Tepper, Appaloosa Management founder and president and Carolina Panthers owner, joins 'Squawk Box' to discuss his thoughts on the U.S. markets, state of the economy, the Fed's interest rate decision, his bets on the Chinese market and where he's finding opportunities, why he sold 84% of his stake in Nvidia in the second quarter, 2024 election, and more.

Persons: Appaloosa's David Tepper, he's, David Tepper Organizations: Nvidia, Appaloosa Management, Carolina Panthers

☆ David Tepper says the Fed has to cut rates at least two or three more times to keep credibility
▼ + stars: | 2024-09-26 | by ( Yun Li | ) www.cnbc.com time to read: +3 min

Appaloosa Management's David Tepper said investors should believe the Federal Reserve when it says it will lower interest rates because the central bank has now to keep credibility. "Probably two or three interest rates, 25 basis point cuts, they have to do, or they lose credibility," Tepper said. You know, another 25, 25, 25 seems like it's going to have to be done." The super-sized rate cut last week came despite most economic indicators looking fairly solid. "It was around the 90s in that market where the where the Fed cut rates into Y2K in a good economy," he said.

Persons: David Tepper, Tepper, " Powell, Jerome Powell, Rich, " Tepper Organizations: Federal Reserve, Gross, Atlanta Fed, U.S, National Football League's Carolina Panthers Locations: U.S, China

☆ Watch CNBC's full interview with Appaloosa Management founder and president David Tepper
▼ + stars: | 2024-09-26 | 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 EmailWatch CNBC's full interview with Appaloosa Management founder and president David TepperDavid Tepper, Appaloosa Management founder and president and Carolina Panthers owner, joins 'Squawk Box' to discuss his thoughts on the U.S. markets, state of the economy, the Fed's interest rate decision, his bets on the Chinese market and where he's finding opportunities, why he sold 84% of his stake in Nvidia in the second quarter, 2024 election, and more.

Persons: David Tepper David Tepper Organizations: Appaloosa Management, Carolina Panthers, Nvidia

☆ CNBC's Inside India newsletter: Can India grow as fast as China did?
▼ + stars: | 2024-09-26 | by ( Ganesh Rao | ) www.cnbc.com time to read: +4 min

Yet, India's central bank appeared to dismiss the negativity earlier this month and reiterated its bullish view of India's growth rate, still expecting the economy to grow by 7.2%. However, when prompted on whether India's growth rate could compete with what China has already achieved for over two decades, the governor was less buoyant. But if you are looking at 10-plus growth, before I venture into that, I have to really do my homework much more," Governor Das said. This week, China's central bank, President Xi Jinping and other top leaders announced plans to boost the country's economy and attract investment. If India intends to grow as fast as China did, it may have to get a move on.

Persons: Goldman Sachs, CNBC's Tanvir Gill, Shaktikanta Das, Das, Narendra Modi, he's, –, Xi Jinping, David Tepper, he'd, Kaanhari Singh Organizations: Bank of America, Deutsche Bank, Reserve Bank of India, CNBC, Bank, Appaloosa Management, Barclays Locations: Wall, India, China

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