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☆ China economic data: Early signs of policy support, says economist
▼ + stars: | 2024-11-15 | 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 economic data: Early signs of policy support, says economistQian Wang, principal and chief Asia-Pacific economist of Vanguard, discusses China's economic data for October and what needs to be done for the "growth rebound" to be sustained.

Persons: Qian Wang Organizations: China, Vanguard Locations: Asia, Pacific

☆ A fluffy, $85 toy is taking Asia by storm and sparking legions of knockoffs. Inside the meteoric rise of Labubu.
▼ + stars: | 2024-11-15 | by ( Aditi Bharade | Erin Liam | ) www.businessinsider.com time to read: +9 min

The Labubu and Pop Mart phenomenonLabubu dolls at the opening of a Pop Mart store in Bangkok. AdvertisementIn a statement to BI, a representative from Pop Mart said that Labubu has gained a strong global fan base. Advertisement"There's a bit of a 'FOMO' feeling," said Sim, 31, who owns around six Labubu toys. She has around 17 Labubu toys and said she spent over $10,000 on them. Once, she even camped outside a Pop Mart store for the latest drop.

Persons: —, Grace Lee, Lee, ─, Joey Khong, Khong, Bangkok . Sun Weitong, Lung, it's restocked, Tony Lee, Mart doesn't, Taobao, Erin Liam, Lisa, Juda, Kanaprach, Gen Zers, They're, Labubu, It's, Sim Pei Yi, Sim, Ana Gonzales, she's, Gonzales, Tracy Hsu, Lisa —, Hsu Organizations: Service, Getty, Business, Pop, Pop Mart, Daxue Consulting, Southeast, Insight, Singapore, Mart Locations: Asia, Bangkok . Sun, Xinhua, Hong Kong, Beijing, Singapore, Pop, Southeast Asia, Japan, South Korea, China, Philippines, New Jersey, California, Canada

☆ Tesla's Chinese EV competitors are racing to build their own Optimus rivals
▼ + stars: | 2024-11-15 | by ( Tom Carter | ) www.businessinsider.com time to read: +3 min

Tesla's Chinese rivals are building their own humanoid robots to rival Tesla. EV startup Xpeng unveiled its Iron humanoid robot at its AI day event this month. The company said Iron was already deployed in its factories, joining BYD and Nio in using humanoid robots to build cars. AdvertisementTesla is facing fierce competition in China from local EV makers — and now they're building their own versions of Elon Musk's Optimus robot. AdvertisementThe scramble to incorporate humanoid robots comes as Elon Musk touts Tesla's Optimus robot.

Persons: Iron, —, Tesla, Elon, Xpeng, Ubtech, Walker, BYD, Elon Musk, Tesla's Organizations: Service, —, Aircraft, Dongfeng Motors, EV, Elon Locations: BYD, China, Tesla

☆ We're overhauling our Bullpen watchlist — 3 stocks are gone, the rest stick around
▼ + stars: | 2024-11-15 | by ( Paulina Likos | ) www.cnbc.com time to read: +4 min

As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB. A view of the New York Stock Exchange (NYSE) on Wall Street November 13, 2024, in New York City.

Persons: Jim Cramer, Jim, Brian Chesky, Trump, Marvell, Jim chalked, Matt Murphy's, we're, hasn't, Amgen's, it's, Jim Cramer's, Angela Weiss Organizations: Pepsico, RTX, Marvell Technology, Nvidia, AMD, Broadcom, Novartis, JPMorgan Healthcare, Dow Inc, Jim Cramer's Charitable, CNBC, New York Stock Exchange, AFP, Getty Locations: RTX, Russia, Ukraine, Swiss, China, New York City

☆ The app data has spoken, and Gen Z's love for Temu is real
▼ + stars: | 2024-11-15 | by ( Aditi Bharade | ) www.businessinsider.com time to read: +4 min

Temu was the most downloaded app by Gen Z in the US in the first 10 months of 2024. AdvertisementAmerica's Gen Z is really here for Temu. The Chinese online marketplace was the most downloaded app by Gen Zers in the first 10 months of the year. "Gen Z values a highly curated shopping experience that delivers both variety and convenience at accessible price points," Whaley said. Gloria Gan, a lifestyle analyst at the UK-based market research firm Mintel, said Temu is making inroads with Gen Z because of the generation's "tech-savviness and frequent online shopping habits."

Persons: Temu, Gen Z, —, Gen Zers, Zers, TikTok, Jim Whaley, Whaley, Gloria Gan, Gen, Gan Organizations: Service, PDD Holdings, Daxue Consulting, Business, Amazon Locations: China, York

☆ Stocks making the biggest moves midday: Palantir, Moderna, Ulta Beauty, Alibaba and more
▼ + stars: | 2024-11-15 | by ( Pia Singh | In | ) www.cnbc.com time to read: +3 min

Global pharma stocks — Shares of several vaccine makers declined after President-elect Donald Trump selected prominent vaccine skeptic Robert F. Kennedy Jr. as health secretary on Thursday. Shares of Moderna and Pfizer slipped nearly 9% and 5%, respectively. Ulta slipped nearly 3% after Berkshire Hathaway revealed in a regulatory filing that it had sold around 97% of its shares, nearly dissolving its position in the beauty retailer. Berkshire had just bought the stock in the second quarter, making Ulta a relatively new bet. However, the company beat expectations on both lines in the fourth fiscal quarter and issued positive guidance for adjusted earnings per share.

Persons: Donald Trump, Robert F, Kennedy Jr, Eli Lilly, Warren Buffett, Berkshire Hathaway, Ulta, — CNBC's Sean Conlon, Alex Harring, Jesse Pound, Hakyung Kim, Lisa Han Organizations: Global pharma, Moderna, Pfizer, GSK, Novo Nordisk, Nasdaq, Securities and Exchange Commission, Super, New York Stock Exchange, Corp, Berkshire, Pool Corp, AST, Materials, LSEG Locations: China, Domino's, Berkshire

☆ 7 US stocks set to rally from Trump tariffs
▼ + stars: | 2024-11-15 | by ( Christine Ji | ) www.businessinsider.com time to read: +4 min

AdvertisementThere's been a lot of buzz about how president-elect Donald Trump's proposed tariffs could negatively impact some of the market's biggest names. However, for every company losing out from Trump's tariffs, there's another set to benefit from the red wave election outcome. Another big winner from tariffs and Trump policies in general is the financial sector. These businesses will experience minimal impact from tariffs while also benefitting from lower corporate taxes, which Gardner expects to go down under Trump. AdvertisementGarner and Rines shared some stocks they believe will benefit the most from Trump's proposed tariffs.

Persons: Trump's, —, There's, Donald Trump's, David Bianco, Trump, Bianco, Banks, Clayton Gardner, Gardner, Samuel Rines, Rines, Biden, Garner Organizations: Service, Biden, Trump, Ford, Companies Locations: China, America, Kentucky, Tennessee

☆ GM lays off 1,000 employees amid reorganization, cost-cutting
▼ + stars: | 2024-11-15 | by ( Michael Wayland | ) www.cnbc.com time to read: +1 min

The GM logo is seen on the facade of the General Motors headquarters in Detroit on March 16, 2021. DETROIT – General Motors laid off roughly 1,000 employees on Friday as the automaker attempts to cut costs and realign priorities amid changing market conditions, according to a person familiar with the decision. The layoffs, which were announced Friday morning to those impacted, were across the business. A majority of the employees impacted were in suburban Detroit at the automaker's global technical center in Warren, Michigan, the person said. A small number of hourly employees were included in the layoffs.

Organizations: General Motors, DETROIT –, Motors Locations: Detroit, DETROIT, Warren , Michigan, China

☆ Most Chinese prefer Trump to Harris, strategist says
▼ + stars: | 2024-11-15 | 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 EmailMost Chinese prefer Trump to Harris, strategist saysShaun Rein, managing director at China Market Research Group, says that's because they view President-elect Donald Trump as "transactional" and would expect to see an "ideological struggle between a liberal democracy and a communist party, as well as typical American hegemony" in an administration under his Democratic rival Kamala Harris.

Persons: Trump, Harris, Shaun Rein, Donald Trump, Kamala Harris Organizations: China Market Research, Democratic

☆ Alibaba shares rise 5% in premarket after Chinese tech giant posts 58% jump in profit
▼ + stars: | 2024-11-15 | by ( Ruxandra Iordache | ) www.cnbc.com time to read: +2 min

Alibaba said net income rose 58% year-on-year to 43.9 billion Chinese yuan ($6.07 billion) in the company's quarter ending Sept. 30, on the back of the performance of its equity investments. This compared with a LSEG outlook of 25.83 billion yuan. Revenue, meanwhile, came in at 236.5 billion yuan, 5% higher year-on-year but below an analyst forecast of 238.9 billion yuan, according to LSEG data. Investors are closely watching the performance of Alibaba's main business units, Taobao and Tmall Group, which reported a 1% annual uptick in revenue to 98.99 billion yuan in the September quarter. The e-commerce giant's overseas online shopping businesses, such as Lazada and Aliexpress, meanwhile posted a 29% year-on-year hike in sales to 31.67 billion yuan.

Persons: Alibaba, — Organizations: Tmall, ING Locations: York, London, Beijing

☆ Trump called the climate crisis a scam. It could prove a gift to China.
▼ + stars: | 2024-11-15 | by ( Tom Porter | ) www.businessinsider.com time to read: +6 min

AdvertisementPresident-elect Donald Trump has long questioned the reality of the climate crisis, describing it as a "scam" and accusing policies to tackle the crisis of destroying US jobs. AdvertisementChina, as part of its "Belt and Road" initiative to grow its global influence, has provided developing countries with renewable energy technologies, including wind farms. AdvertisementThe US lags China as a clean tech economic power. There are also doubts over how much China is willing to take an international leadership role on climate issues. Assuming a leadership role would likely require China to send money to other countries, said Crowther.

Persons: Donald Trump, —, Herbert Crowther, we're, Lily McElwee, Xi Jinping, Trump, Daniel Araya, Biden, Joe Biden's, Crowther, Xi Organizations: Service, Eurasia Group, Business, Biden, China Studies, Center for Strategic, International Studies, Trump, Getty, Brookings Institute, International Energy Agency, Reuters Locations: Paris, China, New York, Baku, Azerbaijan, Washington ,, Beijing, United States, Gansu Province, Washington , DC, Brazil

☆ Asset manager says China's 'extreme valuations' look ideal for stock picking
▼ + stars: | 2024-11-15 | by ( Shafi Musaddique | ) www.cnbc.com time to read: +1 min

That's the view of Caroline Cai, CEO of U.S.-based Pzena Investment Management. "This is really for the first time in the last seven, eight years where we think you're getting paid to expose yourself to China," Cai told "CNBC Squawk Box Asia" this week. The investment firm has ramped up its exposure to Chinese equities in the last two years. "It's not because we have a particularly positive view on longer term Chinese macro, we kind of think things are pretty challenging. "Our view is, if the risk is obvious to everyone, at least you're getting paid to take some exposure," she added.

Persons: Caroline Cai, Cai, we're, Adam Coons, CNBC's Organizations: Pzena Investment Management, CNBC, Winthrop Capital Management, People's Bank of China Locations: China

☆ Jim Cramer's week ahead: Earnings from Nvidia, TJX and Walmart
▼ + stars: | 2024-11-15 | by ( Julie Coleman | ) www.cnbc.com time to read: +2 min

CNBC's Jim Cramer on Friday highlighted the biggest events next week on Wall Street, pinpointing earnings reports from Nvidia , TJX and Walmart . Cramer praised the two retailers but said investors might want to wait for a pullback before diving in to Walmart. Retailers TJX, Target and Williams-Sonoma will report Wednesday morning. Cramer recommended investors "wait and see" with Target as Wall Street worries about the impact of potential tariff increases by the Trump administration. After the market closes, Palo Alto Networks and Nvidia report, and Cramer said both could sell off post-earnings.

Persons: CNBC's Jim Cramer, I've, Cramer, Donald Trump, Medtronic, Trump, he'd Organizations: Nvidia, TJX, Walmart, Trump, Viking Holdings, Depot, Federal Reserve, Williams, Palo Alto Networks, Intuit, Procter & Gamble, GE Healthcare Technologies Locations: Vertiv, Sonoma, Williams, China

☆ YouTube has added a 'gifting' feature to its vertical streams, ramping up the competition for livestream e-commerce
▼ + stars: | 2024-11-15 | by ( Kenneth Niemeyer | ) www.businessinsider.com time to read: +3 min

YouTube is adding a "gifting" feature for vertical livestreams that allows users to purchase digital gifts for streamers, similar to a feature that fuels livestream sales on TikTok. Related Video TikTok could be banned in US after House voteTikTok's LIVE Gifts feature operates similarly. Livestream e-commerce in the United States is expected to grow to $68 billion by 2026, according to Statista, a data research firm. AdvertisementGoogle is also looking to expand its own shopping feature. YouTube Shopping allows creators to make "collections" of products that viewers can purchase.

Persons: TikTok, ByteDance Organizations: YouTube, Google, Forbes Locations: China, TikTok, United States, livestreams, Culver City , California, Indonesia

☆ Oil dips on oversupply concerns, heads for weekly loss
▼ + stars: | 2024-11-15 | by ( ) www.cnbc.com time to read: +2 min

Oil prices edged down early on Friday as oversupply concerns and demand worries stemming from a stronger dollar outweighed a steep draw in U.S. fuel stocks. Distillate stockpiles, which include diesel and heating oil, also fell unexpectedly by 1.4 million barrels, the data showed. Signs of stronger demand supported oil prices, ANZ analyst Daniel Hynes said. The Paris-based agency raised its 2024 demand growth forecast by 60,000 barrels per day to 920,000 bpd, and left its 2025 oil demand growth forecast little changed at 990,000 bpd. Also pressuring oil prices, the dollar surged on Thursday to a one-year high and headed for a fifth-straight daily gain fueled by higher yields and Donald Trump's presidential election victory in the United States.

Persons: Brent, Daniel Hynes, group's, Donald Trump's Organizations: Brent, . West Texas, Energy Information Administration, EIA, ANZ, International Energy Agency, Organization of, Petroleum, greenback Locations: Russia, U.S, Paris, China, India, United States

☆ Stocks making the biggest moves premarket: Alibaba, Applied Materials, Ulta Beauty and more
▼ + stars: | 2024-11-15 | by ( Hakyung Kim | In Hakyungkim | ) www.cnbc.com time to read: +2 min

Applied Materials — Shares tumbled more than 8% after the semiconductor equipment manufacturer offered weak revenue guidance for the current quarter. Applied Materials said it forecasts $7.15 billion in the first fiscal quarter, under the estimate of $7.224 billion from analysts polled by LSEG. Berkshire Hathaway bought more than 1.2 million shares, making the investment worth around $550 million at the end of September. Ulta Beauty – Shares slipped 5% after Berkshire Hathaway revealed in a regulatory filing that it had nearly dissolved its position in the beauty retailer, selling around 97% of its shares. Ulta was a new bet for Berkshire, which had just bought the stock in the second quarter.

Persons: Robert F, Kennedy Jr, Donald Trump's, Warren Buffett, Berkshire Hathaway, Ulta, Palantir, Jesse Pound, Lisa Kailai Han, Pia Singh Organizations: Materials, LSEG, Moderna, Department of Health, Human Services, Corp, —, Berkshire, Pool Corp, Nasdaq, New York Stock Exchange Locations: China, Domino's

☆ Argentina showing the biggest momentum among emerging markets: Analyst
▼ + stars: | 2024-11-15 | 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 EmailArgentina showing the biggest momentum among emerging markets: AnalystMalcolm Dorson of Global X talks about the emerging markets that have the biggest runway for growth and the highest opportunities for returns. He also discusses China's push for multilateralism as Donald Trump is poised to return to the White House.

Persons: Malcolm Dorson, Donald Trump Locations: Argentina

☆ Why Jim Cramer is nervous about Best Buy, plus a bright spot in this down market
▼ + stars: | 2024-11-15 | by ( Paulina Likos | ) www.cnbc.com time to read: +3 min

Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. Jim said he was nervous about Best Buy , the electronics retailer expected to benefit from the refresh AI-powered PC cycle. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: Jim Cramer, Jim, Trump, we're, Nextracker, Stocks, Berkshire Hathaway, Jim Cramer's, BBY Organizations: CNBC, Trump, Berkshire Locations: China, U.S, Alibaba

☆ Crude oil heads to weekly loss as looming surplus depresses market
▼ + stars: | 2024-11-15 | by ( Spencer Kimball | ) www.cnbc.com time to read: 1 min

Crude oil futures were on pace Friday for loss for the week, as a supply gut and a strong dollar depresses the market. U.S. crude oil is down more than 2% this week, while Brent has shed nearly 2%. Here are Friday's energy prices:The International Energy Agency has forecast a surplus of more than 1 million barrels per day in 2025 on robust production in the U.S. OPEC revised down its demand forecast for the fourth consecutive month as demand in China remains soft. A strong dollar also hangs over the market, as the greenback has surged in the wake of President-elect Donald Trump's election victory.

Persons: Brent, Donald Trump's Organizations: International Energy Agency, U.S, greenback Locations: OPEC, China

☆ China's 6 trillion yuan aid to property market is helpful to 'a certain extent': Economist
▼ + stars: | 2024-11-15 | 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's 6 trillion yuan aid to property market is helpful to 'a certain extent': EconomistHao Hong of GROW Investment Group says China's total local government debt is likely much higher than official figures. He says investors who are attracted to Chinese high-yield dollar bonds are betting on 'very substantial' policy measures by the government.

Persons: Hao Hong

☆ China retail sales beat forecasts in October while real estate slump worsens
▼ + stars: | 2024-11-15 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +1 min

BEIJING — China's retail sales rose more than expected in October, while industrial production and investment data missed forecasts as the real estate drag worsened. Industrial production rose by 5.3% in October from a year ago, missing expectations of 5.6% growth. Investment in real estate for the January to October period fell by 10.3% from a year ago, steeper than the 10.1% drop seen in the January to September period. While infrastructure and manufacturing investments picked up slightly in the year-to-date period as of October, versus that of September. The central bank has cut interest rates and extended existing real estate support.

Organizations: Retail, National Bureau of Statistics, Ministry of Finance Locations: Shanghai, BEIJING

☆ CNBC Daily Open: Powell’s comments gave investors a reality check
▼ + stars: | 2024-11-15 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Breaking from Wall Street, Asia-Pacific stocks mostly rose on Friday. On a quarterly basis, GDP rose 0.2%, in line with estimates from a Reuters poll, but that's lower than the second quarter's 0.5% increase. China retail sales pick back upChina's retail sales in October rose 4.8% year on year, reported the National Bureau of Statistics.

Persons: Jerome Powell, Powell Organizations: US Federal Reserve, Music, Fair, CNBC, Trump, Nikkei, CSI, U.S . Federal, National Bureau of Statistics, Nvidia, Citi Locations: Dallas , Texas, Street, Asia, Pacific, China

☆ From clothes to computers, 6 things expected to get more expensive if Trump's trade plans are enacted
▼ + stars: | 2024-11-15 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +10 min

If implemented, Americans could see prices rise across several product categories. AdvertisementBased on analyses from economists and trade experts, here are the goods that could become more expensive for Americans under Trump's tariff proposals. AdvertisementSome retailers have already announced preparations to increase prices should Trump's tariff plans go into effect. AdvertisementGold said it's unlikely Trump's tariffs would go into effect on day one or day two, and "it's tough to say right now at what point consumers would feel the impact." AdvertisementA report from centrist think tank ThirdWay said that Trump's tariff proposals analyzed eight common purchases that the US either heavily imports or is unable to produce domestically.

Persons: Donald Trump, Trump, —, Mary Lovely, Lovely, There's, Joe Biden, Jonathan Gold, it's, Karoline Leavitt, Tim Boyle, Gold, Philip Daniele, Daniele, Shinji Aoyama, Henrik Elm, Elm, Taylor Rogers Organizations: Trade, Service, Peterson Institute for International Economics, Trump, Consumers, National Retail Federation, Retailers, Bank of America, Columbia, Washington Post, Electronics, Consumer Technology Association, CTA, Honda, General Motors, Ford, Inter Ikea —, Ikea, Reuters, NPR, International Trade Commission, Republican National Committee Locations: China, Mexico, Europe

☆ CIO: Finding more 'comfort' in China A-shares, preferring the small and mid caps
▼ + stars: | 2024-11-15 | 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 EmailCIO: Finding more 'comfort' in China A-shares, preferring the small and mid capsVincent Mortier of Amundi sees more 'interesting' opportunities among Chinese small and mid sized companies which are less export dependent, but is staying away from the mega caps. He also has overweight convictions on India and Indonesia.

Persons: Vincent Mortier of Amundi Locations: China, India, Indonesia

☆ ‘The Disneyland of American grocery stores’: How Trader Joe’s became a tourist hot spot
▼ + stars: | 2024-11-14 | by ( Lilit Marcus | ) edition.cnn.com time to read: +7 min

But products from Trader Joe’s have become so popular with international tourists that even a major Asian airport is getting involved. “I think that Trader Joe’s is like the Disneyland of American grocery stores,” she says. John Blackmer/MediaNews Group/Orange County Register/Getty ImagesThe first Trader Joe’s opened in Pasadena, part of Los Angeles county, in 1967. According to a 2024 study by Morning Consult, 25% of frequent Trader Joe’s shoppers belong to a household that makes over $100,000 annually. Jeff Greenberg/Universal Images Group/Getty ImagesWhile some American chain stores rely on sameness to satisfy customers, Trader Joe’s has leaned in the other direction.

Persons: CNN —, Joe’s, Julie Averbach, “, Joe Coulombe, John Blackmer, Joe —, ” That’s, Jeff Greenberg, Expedia, Peruvian Maria Silva, ” Silva, Averbach, ”, Joe Raedle, Jose’s, backtrack, TJ’s, Silva Organizations: CNN, Incheon, MediaNews, Orange, Register, Morning, Miami, Universal, Peruvian, eBay, US Locations: South Korea, United States, California, Huntington Beach , California, Pasadena, Los Angeles, Seattle, San Francisco, North Carolina, New York, China

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