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Stocks tumbled on Friday as the post-election rally fizzled and investors fretted over the path of interest rates. The S&P 500 slipped 1.32% and closed at 5,870.62, while the Nasdaq Composite fell 2.24% to 18,680.12. Declines in pharmaceutical stocks weighed on the 30-stock Dow and broader S&P 500, with Amgen down about 4.2% and Moderna off by 7.3%. The information technology sector of the S&P 500 was the worst performing corner of the market, down more than 2% as Nvidia, MetaPlatforms, Alphabet and Microsoft tumbled. The S&P 500 posted a weekly loss of 2.1%, while the Nasdaq Composite slid about 3.2%.

Persons: Stocks, Donald Trump, Robert F, Kennedy Jr, Tesla, ”, Kristy Akullian, “, Jerome Powell, Susan Collins, Dow Jones Organizations: Dow Jones Industrial, Nasdaq, Dow, Moderna, Department of Health, Human Services, P Biotech, Nvidia, Microsoft, Trump Trade, ” Traders, Federal, Boston, Street Locations: Americas, BlackRock

☆ Asia-Pacific markets set to open lower after Wall Street postelection rally fizzles
▼ + stars: | 2024-11-13 | by ( Dylan Butts | ) www.cnbc.com time to read: 1 min

The momentum in Japan markets were largely driven by the country's technology and financial sector. Asia-Pacific stock markets were set to open lower Wednesday, tracking losses on Wall Street as the U.S. postelection rally stalled overnight. Asian traders will assess Japanese corporate goods data, set for release later in the day. Economists polled by Reuters expect corporate goods prices to have risen by an average of 3% for the month of October compared to last year, up from 2.8% in September. Hong Kong Hang Seng index futures were at 19,631, lower than the HSI's last close of 19,846.88.

Persons: Australia's Organizations: Reuters, Japan's Nikkei Locations: Japan, Asia, Pacific, Chicago, Osaka, Hong Kong

☆ Gen Zers and millennials are willing to go on summer vacation at all costs. Literally.
▼ + stars: | 2024-06-28 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

In today's big story, we're looking at how young people are booking their summer vacations , finances be damned. AdvertisementSurveys from Credit Karma, Bankrate, and Bank of America show Gen Zers and millennials are willing to go on summer vacation at all costs… literally. Almost half of millennials surveyed (47%) were willing to take on debt to fund their travel plans, with Gen Z not far behind (42%). AdvertisementAlmost a quarter of young people surveyed by Credit Karma expected to rack up $2,000 in debt this summer. And about 10% of that group were willing to push it even further, surpassing $4,000 in summer debt.

Persons: —, Joe Biden's, Donald Trump, Rebecca Zisser, John Towfighi, Zers, millennials, Gen, it's, you'll, Credit Karma, Klaus Vedfelt, That's, Rob Chisholm, Alyssa Powell, he's, Joseph Stiglitz, Trump, Stiglitz, Justin Sullivan, Chelsea Jia Feng, ChatGPT, Mark Zuckerberg, Sundar Pichai, — livestreaming, Twitch's Dan Clancy, Tyler Le, Gigi, Sackler, Ebrahim Raisi, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, Annie Smith, Amanda Yen Organizations: Service, Biden, Business, Credit, Bank of America, Getty, SEC, Purdue Pharma, Dua Lipa, Coldplay Locations: Amalfi, Vegas, ., Glastonbury, New York, London

☆ CNBC Daily Open: Wall Street hits record, 'Thee rate cuts'
▼ + stars: | 2024-05-16 | by ( Abid Ali | ) www.cnbc.com time to read: +2 min

The Charging Bull is seen on an empty Wall Street on April 20, 2020 in New York City. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Wall Street hits record highThe S&P 500 and the Nasdaq rose to record highs after inflation data came in lower than expected. All three major indexes closed at record highs. Asia up, Japan's GDP shrinksAsia-Pacific markets rose on Thursday after Wall Street hit record highs.

Persons: Buffett, Chubb, Warren, Berkshire Hathaway, Seng, Biden, Morgan Stanley Organizations: CNBC, Nasdaq, Dow Jones Industrial, Federal, Tech, Nvidia, Apple, Microsoft, GameStop, AMC, Berkshire, Wall, Nikkei, U.S Locations: New York City, Zurich, Asia, Pacific, China

☆ CNBC Daily Open: Wall Street hits record highs as rate cut bets rise on soft inflation data
▼ + stars: | 2024-05-16 | by ( Abid Ali | ) www.cnbc.com time to read: +2 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. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Wall Street hits record highThe S&P 500 and the Nasdaq rose to record highs after inflation data came in lower than expected. The Dow Jones Industrial Average jumped 350 points as investors bet the Federal Reserve may cut rates in September. Inflation easesApril's consumer price index rose 0.3%, slightly less than expected, while on a 12-month basis, inflation increased 3.4% in line with economists' forecasts.

Persons: JPMorgan Chase Jamie Dimon, Dimon, Anton Peraire, James Peraire, Biden, Morgan Stanley Organizations: New York Stock Exchange, Wall, CNBC, Nasdaq, Dow Jones Industrial, Federal, Tech, Nvidia, Apple, Microsoft, JPMorgan, Sky News, U.S . Treasury Department, GameStop, AMC, Justice, MIT, U.S Locations: New York City, America, cryptocurrency, China

☆ ‘The Fall Guy’ Fizzles With $28 Million in Ticket Sales
▼ + stars: | 2024-05-05 | by ( Brooks Barnes | ) www.nytimes.com time to read: +1 min

“The Fall Guy” seemed to have everything. Universal backed “The Fall Guy” with a six-month marketing campaign, releasing trailers that racked up 400 million views and carpet-bombing televised sporting events, including the Super Bowl, with ads. It added up to only $28.5 million in North American ticket sales from Friday to Sunday, the worst start to Hollywood’s all-important summer season since 1995. “The Fall Guy” cost Universal at least $200 million to make and market and was released in 4,002 theaters in the United States and Canada. “You want to explain to shareholders why you spent hundreds of millions of dollars on a newfangled idea that crashed?”

Persons: Guy ”, ”, David A, Gross Organizations: North, Universal Locations: United States, Canada

☆ After Period of Chastity, Hollywood Movies Embrace Sex Again
▼ + stars: | 2024-04-28 | by ( Brooks Barnes | ) www.nytimes.com time to read: +1 min

Zendaya, clad in a skintight dress, gyrates on a dance floor in “Challengers,” a $56 million sports drama that arrived in multiplexes on Friday. “Sex is back!” shouted an apparently elated man at the conclusion of a prerelease “Challengers” screening in West Hollywood, Calif., this month. Think about how many times the rom-com has been declared dead — and alive — and dead. (No, wait, alive.) But this much can be said with surety: Hollywood is hornier than it has been in years.

Persons: ”, “, — Locations: “, West Hollywood, Calif

☆ ‘The Regime’ review: Kate Winslet’s streak of award-worthy miniseries fizzles with HBO’s political satire
▼ + stars: | 2024-03-01 | by ( Brian Lowry | ) edition.cnn.com time to read: +3 min

Alas, they’ve come a little too close to that with “The Regime,” a political satire that’s weird but not very good, other than savoring Winslet’s over-the-top antics as an autocratic leader. When the story begins, Vernham is already engaging in odd behavior that leaves her ministers (who assemble in “Dr. Matthias Shoenaerts and Kate Winslet in "Regime." Lustily sneering her dialogue in an exaggerated accent, Winslet throws her all into the character, but to what end? But after watching “The Regime,” consider this an offer they probably should have refused.

Persons: “ Mildred Pierce ”, Kate Winslet, they’ve, Will Tracy, Stephen Frears, Jessica Hobbs, ”, Winslet’s Chancellor Elena Vernham, Martha Plimpton, –, Vernham, Dr, Strangelove ”, Herbert Zubak, Matthias Schoenaerts, Herbert, Matthias Shoenaerts, Elena, Andrea Riseborough, Guillaume Gallienne, Herbert isn’t, clouding, Hugh Grant, can’t, Lustily, Winslet Organizations: CNN, HBO, lunacy, Warner Bros . Locations: “, Easttown, Central Europe, “ Amsterdam

☆ 7 sex tips from a couple married for 42 years — including a lingerie budget and non-sexual intimacy
▼ + stars: | 2024-02-14 | by ( Julia Pugachevsky | ) www.businessinsider.com time to read: +9 min

Rita Smith, 62, and her husband, Theodore Smith, Sr., 64, have been married for over 40 years. They shared their best sex tips, from investing in lingerie to bonding outside the bedroom. Rita Smith, a happily married 62-year-old woman, is here to dispel that myth. DROP THE TIKTOK LINKSSmith met her husband, Theodore Smith Sr., now 64, when they were in high school in New Orleans, Louisiana. Even after Theodore leaves for work, Rita said they call each other and talk all the time.

Persons: Rita Smith, Theodore Smith, —, Smith, lacy, Babe, ” Smith, Theodore Smith Sr, Rita, Theodore, endometriosis, “, ” Theodore, Bryan Tarnowski, ”, Smiths, ” Rita, ” Bryan Tarnowski, whisks, he’ll, ’, me, ’ ” Organizations: Service, Smiths, Invest Locations: New Orleans , Louisiana, ”

☆ A low-cost hedge if Big Tech earnings disappoint and the Nasdaq rally fizzles
▼ + stars: | 2024-01-30 | by ( Nishant Pant | ) www.cnbc.com time to read: +3 min

If these tech giants disappoint in their earnings outlook, that would be enough reason for this rally to fizzle out, and Nasdaq could finally see a pullback. Here's a 6-month daily chart of the Invesco QQQ Trust (QQQ) ,which closely follows Nasdaq's price movement and can be used as a proxy to trade tech stocks. You may find trading platforms using other names like "put debit spread" or "long put spread," but they all mean the same. I did this because this trade is designed as a hedge against disappointing tech earnings, which are all happening this week, so I don't need a longer expiration date. QQQ 6M mountain QQQ, 6 months Since this trade is taken as a hedge, the expectation should be that if the markets don't tank after tech earnings, I will lose my initial investment.

Persons: Nishant Pant Organizations: Big Tech, Microsoft, Apple, Meta, Nasdaq

☆ A backpacking millennial discovered he craved a slow and simple life, so he built a tiny house in France for himself and his cat
▼ + stars: | 2024-01-04 | by ( Amanda Goh | ) www.businessinsider.com time to read: +8 min

Geoffrey Celard, 29, lives in a DIY tiny house with his pet cat in Valence, in southeast France. The tiny house took over a year to build and he estimates he spent $21,000 on the project. AdvertisementWhen Geoffrey Celard returned to France in 2020 from a six-month-long backpacking trip in Colombia, he needed a place to live. Geoffrey Celard/La Cabane — Mini Habitat"I built it in a warehouse-like place, which is shared with other builders of tiny houses. Tucked away in the countrysideCelard's tiny house is parked on a piece of land he rents with another friend who also has a tiny house.

Persons: Geoffrey Celard, Celard, — Organizations: Service, They're Locations: Valence, France, Colombia, Drôme, Paris

The United States will work with other governments to speed up efforts to make nuclear fusion a new source of carbon-free energy, U.S. Kerry spoke at the Atlantic Council Global Energy Forum. In southern France, 35 nations are collaborating on an experimental machine to harness fusion energy, the International Thermonuclear Experimental Reactor, to prove the feasibility of fusion as a large-scale, carbon-free source of energy. The global nuclear industry launched an initiative at COP28 for nations to pledge to triple this kind of nuclear energy by 2050. Commonwealth Fusion was founded in 2018 by researchers and students from the Massachusetts Institute of Technology Plasma Science and Fusion Center.

Persons: John Kerry, ” Kerry, Kerry, Andrew Holland, Dennis Whyte, Whyte, Edwin Lyman, Lyman, Bob Mumgaard, Mumgaard, it's Organizations: Climate, Atlantic Council Global Energy Forum, United Kingdom, United States, International, Reactor, Fusion Industry Association, Dubai, Commonwealth Fusion Systems, United, United Arab Emirates, Fusion, Lawrence Livermore National Laboratory, Commonwealth Fusion, Massachusetts Institute of Technology Plasma Science, MIT, Commonwealth, Plasma Science, Fusion Center, Union of, Scientists, Washington, ARC, SPARC, AP Locations: States, U.S, Dubai, U.N, United States, France, Japan, Europe, China, Russia, Devens , Massachusetts, COP28, United Arab, Commonwealth, California

In 2001, following the 9/11 terror attacks, anti-Muslim motivated crimes became the second highest reported among religious-bias incidents, according to FBI data. Two of the attackers have been charged with assault and menacing as a hate crime; four others remain at large, according to the complaint. She was charged with assault as a hate crime, and other charges, the complaint states. A 28-year-old man was arrested this week and charged with a hate crime and aggravated assault. “Hate crime is still down but since the incident in Gaza, there has been an uptick,” Kenny said.

Persons: ”, Zein Rimawi, “, –, it’s, Scott Richman, Spencer Platt, profanities, ‘, Richman, ” Richman, Ahmed, they’ve, “ There’s, Japneet Singh, Singh, he’s “, Kena Betancur, Gracie, Eric Adams, ” Singh, “ It’s, Joe Kenny, ” Kenny, Karine Jean, Pierre, ” Jean, Biden Organizations: New, New York CNN, Islamic Society, Israel, CNN, Hamas, Israel Defense Forces, FBI, Department of Homeland Security, National Counterterrorism Center, Defamation League, ADL, Palestine, Columbia University, Grand Central, Columbia, Getty, Islamic, ’, New York police, New York Police Department, Sikh Coalition, “ Hamas, White House Press Locations: New York, United States, Israel, Brooklyn , New York, Bay, American, New York City, New Jersey, Brooklyn’s Bay, Midtown Manhattan, Chicago, Plainfield Township , Illinois, Palestine, ’, Gaza, ’ Chicago, Brooklyn, AFP, Palestinian American

A view shows the logo of the European Central Bank (ECB) outside its headquarters in Frankfurt, Germany March 16, 2023. Markets have seen some seismic shifts in recent weeks after being forced to adjust to the 'higher for longer' mantra propagated by major central banks. "I don't think we're back to the point where these central banks will start tightening again..but if you are a central banker, especially of an oil importing country, you do become more cautious." On the other hand, a select number of central banks in emerging markets were still in hiking mode. Turkey, which is struggling with inflation pressures and a currency that is sliding from one record low to the next, delivered another bumper 500 bps rate hike.

Persons: Heiko Becker, Bjoern, Kaan Nazli, Neuberger Berman, Karin Strohecker, Sumanta Sen, Christina Fincher Organizations: European Central Bank, REUTERS, U.S . Federal Reserve, Bank of England, ECB, DWS, Reuters, Thomson Locations: Frankfurt, Germany, Central, America, Europe, Sweden, Norway, Australia, Canada, Japan, Brazil, Chile, Poland, Hungary, Turkey, Russia, Thailand, London, Mumbai

REUTERS/Gonzalo Fuentes/File Photo Acquire Licensing RightsLONDON/DUBLIN, Sept 18 (Reuters) - Societe Generale's (SOGN.PA) much-hyped new strategy plans were given a thumbs down by investors on Monday, underscoring uncertainty over European banks as they face a brittle economy. "There are more questions about the future and the economy," Legras said, adding that transformative mergers between banks, which investors have waited for in vain, remained unlikely. Reuters GraphicsThat dampens the prospects for Europe's banks, whose valuations are low and static, said one adviser who works with top executives from the region's lenders, adding that investors struggle to see much promise for the sector. European banks' modest earning power has dampened investor appetite for their shares, which often trade at just a fraction of book value - the sum of their assets. While in the United States, JP Morgan and Morgan Stanley are valued at around 1.5 times book value, Germany's Deutsche Bank, Dutch lender ABN Amro, France's Credit Agricole and Britain's Standard Chartered are valued at just half book value or less.

Persons: Gonzalo Fuentes, Jerome Legras, Legras, Slawomir Krupa, Krupa, Goldman Sachs, JP Morgan, Frederic Rozier, Morgan Stanley, Karel Lannoo, Elisa Martinuzzi, John O'Donnell, Alexander Smith Organizations: Societe Generale, La Defense, REUTERS, Reuters, European Central Bank, European Union, Commission, Deutsche Bank, ABN Amro, France's Credit, Thomson Locations: La, Paris, France, DUBLIN, France's, Europe, United States, Germany, Mirabaud, U.S, Brussels

☆ Opinion | Where Should Agnostics Go on Sundays?
▼ + stars: | 2023-09-01 | by ( Ross Douthat | ) www.nytimes.com time to read: +5 min

So what he’d like — well, here’s the quote:I can easily imagine a “church for the nones.” (It would need a more appealing name.) I could attend a Christian church on Sundays and teach my daughter about other beliefs the rest of the week. With all my reservations, I don’t really want to join an existing church. And I don’t think I am going to have much luck getting my fellow nones to join something I start. My sense is that the people who want what church provides are going to the existing Christian churches, even if they are skeptical of some of the beliefs.

Persons: Perry Bacon, ’, Jessica Grose, Nick Kristof, Bacon, certainties, Doesn’t Bacon, Hasn’t, he’s, I’ve Organizations: The Washington Post, Society for Ethical, Netflix Locations: America, ”

☆ CNBC Daily Open: Jackson Hole anxiety overshadows Nvidia
▼ + stars: | 2023-08-25 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

Jerome Powell, Chair of the Federal Reserve, arrives to a dinner at the start of the Jackson Hole Economic Symposium on August 24, 2023 at Grand Teton National Park near Jackson Hole, Wyoming. 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. Rally fizzles outU.S. stocks closed lower Thursday as an earlier Nvidia-sparked rally fizzled out, while Treasury yields climbed higher. But there are other market themes that investors should know about, according to Goldman Sachs.

Persons: Jerome Powell, paring, CNBC's Lucy Handley, Singh Puri, CNBC's Tanvir Gill, Puri, Goldman Sachs Organizations: Federal Reserve, Jackson, Grand Teton, CNBC, Nvidia, Nikkei, AMD, Intel, Petroleum, Natural Gas Locations: Jackson Hole , Wyoming, Asia, Pacific, China, Europe, India, Moscow

☆ CNBC Daily Open: Jackson Hole fears overshadow Nvidia
▼ + stars: | 2023-08-25 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

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. Rally fizzles outU.S. stocks closed lower Thursday as an earlier Nvidia-sparked rally fizzled out, while Treasury yields climbed higher. Low trading volumes, economic weakness in China and high Treasury yields are all contributing to the August sell-off, writes CNBC's Fred Imbert. This ETF, however, consists of just one stock — and aims to deliver a 1.5-times return on a daily basis.

Persons: Jerome Powell, paring, Nvidia's, Fred Imbert, South Africa —, BRICS, it's Organizations: U.S . Federal Reserve, CNBC, Nvidia, AMD, Intel, Nasdaq, United, United Arab Emirates, Exchange Locations: Moran , Wyoming, Turkey, China, Brazil, Russia, India, South Africa, Argentina, Egypt, Ethiopia, Iran, Saudi Arabia, United Arab

☆ US stocks tumble as Nvidia-led rally fizzles ahead of Powell's Jackson Hole speech
▼ + stars: | 2023-08-24 | by ( Phil Rosen | ) www.businessinsider.com time to read: +2 min

US stocks tumbled Thursday after an early Nvidia-led rally lost momentum and turned negative. Nvidia stock soared to an all-time high after the company beat earnings views and raised its guidance. Investors will be watching for Jerome Powell's speech Friday at Jackson Hole, Wyoming. The chipmaker's stock soared as high as 6.7% to a new all-time record of $502.66, before paring nearly all of its gains. Investors will be watching for more signals from Fed Chairman Jerome Powell during his speech in Jackson Hole, Wyoming on Friday.

Persons: Jerome Powell's, paring, Susan Collins, Patrick Harker, we've, Jerome Powell, Tom Lee, Jackson Organizations: Nvidia, Service, Boston, Philly Fed, Dow Jones Locations: , Wyoming, Wall, Silicon, Jackson Hole , Wyoming

☆ Foreign investors are giving up on China as capital flows reverse
▼ + stars: | 2023-08-17 | by ( Jason Ma | ) www.businessinsider.com time to read: +4 min

Foreign investors are giving up on China as the country's post-COVID rebound fizzles. During that span, foreign investors sold 46.2 billion yuan of mainland Chinese stocks. Meanwhile, foreign institutional investors shed 37 billion yuan worth of Chinese bonds in July, according to data out Wednesday from China's foreign exchange regulator. According to Reuters, $1.71 billion worth of mainland shares were sold by foreigners in May, outpacing April's $659 million withdrawal. In addition to the consumer and manufacturing sectors, the real estate market — which serves as a key store of wealth in China's economy — has also been getting worse.

Persons: outpacing, bullish, —, China's Organizations: Service, Kong's Stock Connect, Communist Party's, Financial Times, Bloomberg, Reuters Locations: China, Shanghai, Shenzhen, Wall, Silicon, Beijing

☆ Wall Street ends flat, after pop from July inflation data fizzles
▼ + stars: | 2023-08-10 | by ( David French | ) www.reuters.com time to read: +5 min

Stock prices started to sag from late-morning onwards, and bounced between positive and negative territory for much of the afternoon. He noted that while inflation has slowed, a look beyond the headline number revealed that core inflation remained sticky, and as traders parsed the data, the initial positive sentiment became more subdued. A trader works on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., July 26, 2023. On the earnings front, Walt Disney (DIS.N) rose 4.9% after beating Wall Street estimates for quarterly adjusted profit per share. The S&P 500 posted 18 new 52-week highs and 4 new lows; the Nasdaq Composite recorded 58 new highs and 159 new lows.

Persons: Gregg Abella, Mary Daly, Brendan McDermid, Walt Disney, Michael Kors, Tapestry's, Joe Biden, Bansari Mayur Kamdar, Johann M, David French, Shashwat Chauhan, Shubham Batra, Vinay Dwivedi, David Gregorio Our Organizations: Disney, Dow, Nasdaq, U.S . Federal, Investment Partners, Management, San Francisco Fed, New York Stock Exchange, REUTERS, Nvidia Corp, Alphabet Inc, Microsoft, Dow Jones, Energy, Wall, Alibaba, Wednesday, Thomson Locations: New York City, U.S, China, Bengaluru, New York

The swashbuckling Spaniard got off to a nightmare start as Hurkacz jumped out to a 3-0 first set lead in just six minutes en route to capturing the first set. FOKINA TOPPLES RUUDEarlier, Alejandro Davidovich Fokina battled back from a third set deficit to beat Casper Ruud 7-6(4) 4-6 7-6(4) and deny the third seed a place in the Canadian Open quarter-finals. Ruud was two points away from victory at 5-3 30-0 before Davidovich Fokina served his way out of trouble. Ruud dug himself into an early hole in the breaker with some tentative serving and poor forehands and Davidovich Fokina claimed the win with a drop shot. Up next for Davidovich Fokina is American Mackenzie McDonald, who reached his first quarter-final of a Masters 1000 tournament by dispatching Canadian Milos Raonic 6-3 6-3.

Persons: Carlos Alcaraz, Hubert Hurkacz, Dan Hamilton, Hurkacz, Tommy Paul, Marcos Giron, Scot Andy Murray, Italy's, FOKINA TOPPLES RUUD, Alejandro Davidovich Fokina, Casper Ruud, Ruud, Davidovich Fokina, Fokina, Mackenzie McDonald, Milos Raonic, Raonic's, McDonald, FRITZ FIZZLES Australia's Alex De Minaur, Taylor Fritz, Fritz, De Minaur, Daniil Medvedev, Italy's Lorenzo Musetti, Medvedev, Rory Carroll, Ken Ferris Organizations: Sobeys, Wimbledon, Canadian, Thomson Locations: Toronto , Ontario, Canada, Toronto, Alcaraz, Marcos Giron ., Norwegian, Los Angeles

☆ China slips into deflation, fueling more calls for economic stimulus
▼ + stars: | 2023-08-09 | by ( George Glover | ) www.businessinsider.com time to read: +2 min

Shop and factory prices both fell in China last month, according to data released Wednesday. That means the country is suffering deflation for the first time in over two years. It's the latest in a long list of concerns for Beijing as China's post-COVID rebound fizzles out. That's another economic worry for Beijing, which is also contending with faltering growth, skyrocketing youth unemployment, and massive amounts of debt. The data released Wednesday is likely to lead to more calls for fiscal stimulus, according to analysts.

Persons: Hargreaves, Steve Clayton, Jim Reid Organizations: Service, Privacy, China, National Bureau of Statistics, CPI, PPI, Deutsche Bank Locations: China, Beijing, Wall, Silicon

“I don’t necessarily need a higher paid job or a better life,” she added. College graduates looking for jobs at a fair in central China's Hubei province on July 20. A growing trendOn Douban, about 4,000 members of a group called “full-time children’s work communication center” discuss topics related to their daily “working” lives. By contrast, today’s “professional” children spend time with parents and do housework in exchange for financial support. In addition to her family duties, she’s busy applying for government jobs and taking exams for graduate school.

Persons: Litsky Li, Li, ”, “, headwinds, Zhang Dandan, ” hashtag, somethings, today’s, ’, Fang Xu, Nancy Chen, she’s, Chen, hasn’t, It’s, George Magnus, Magnus Organizations: Hong Kong CNN, College, CNN, Peking University, University of California, China News Service, Harvard University, China Centre, Oxford University, SOAS University of London Locations: Hong Kong, Luoyang, China's Hubei, Beijing, ”, China, University of California Berkeley, Jiangxi, Wanshou, China's Jiangxi

☆ A Novel of Sex and Crisis in the Aftermath of the 1960s
▼ + stars: | 2023-07-20 | by ( Christian Lorentzen | ) www.nytimes.com time to read: +2 min

I wanted someone, but for what?”The desire will be in service of his literary efforts; at least that’s what he tells himself. Charlotte moves into the house Harold shares with three others, the two of them start seeing other people they catch sight of at parties, and the affair fizzles. If the arc sounds trite, it also echoes the feeling Harold has after he first writes down the words “at least in the physical sense” in his diary. The book is told from a state of aftermath. Donna, the youngest of them, trained in classical piano, plays keyboard in a nightclub act.

Persons: isn’t, he’s, Harold, ”, “, Charlotte, Joshua, Jimmy Wax, Shaw, Donna Organizations: U.S . Army Locations: U.S

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