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A lot of the spending was driven by deals and buy-now, pay-later programs. The Fed’s “beige book” report on the economy is out on Wednesday, and that will show how inflation is affecting businesses and consumers. But consumers continue to express concern over inflation that has left overall prices higher by about 18% since 2021. “With inflation falling as the Fed keeps rates unchanged, real interest rates continue to tighten,” said Richard de Chazal, macro analyst at William Blair. But consumers remain concerned about inflation and just how much will be seen on Tuesday when the Conference Board releases its consumer confidence index for November.

Persons: SpendingPulse, ”, Vivek Pandya, Signifyd, Richard de Chazal, William Blair, “ Organizations: Adobe Analytics, Adobe Digital, Consumers, Retailers, Federal Reserve, Fed, Wells, ”, Conference Board

☆ Brent holds above $80 a barrel ahead of OPEC+ meeting
▼ + stars: | 2023-11-27 | by ( ) www.cnbc.com time to read: +2 min

Oil prices were little changed on Monday, with Brent holding above $80 a barrel, as investors awaited the OPEC+ meeting later this week for an agreement to curb supplies into 2024. Brent crude futures edged up 12 cents, or 0.2%, to $80.70 a barrel by 0028 GMT, while U.S. West Texas Intermediate crude futures were at $75.64 a barrel, up 10 cents, or 0.1%. Since then, the group has moved closer to a compromise, four OPEC+ sources told Reuters on Friday. "We still expect an extension of the unilateral Saudi and Russia cuts through at least 2024 Q1, and unchanged group cuts, although a deeper group insurance cut is likely on the table," Goldman Sachs analysts said in a note. Ahead of the OPEC+ meeting, estimated exports by OPEC countries have declined to 1.3 million barrels per day below levels in April, they added, in line with the group's supply targets.

Persons: Brent, Goldman Sachs, Vivek Dhar Organizations: Brent, U.S, West Texas, Organization of, Petroleum, Reuters, OPEC, United, International Energy Agency, Commonwealth Bank, IEA Locations: OPEC, Saudi Arabia, Russia, Saudi, United Arab Emirates, Gaza

Around 2,500 people gathered to hear Haley, the former governor and United Nations ambassador, according to officials at a satellite campus of the University of South Carolina along the state’s southern coast. She often hits on this theme herself, noting her ousting of a 30-year state incumbent in the South Carolina House, then beating three initially better-known candidates to become the first woman to serve as South Carolina governor. Ron DeSantis campaigns across South Carolina on Friday. On Monday, Haley riffed on Trump’s recent appearance in her home state at Saturday’s football rivalry matchup between the University of South Carolina and her alma mater, Clemson University. Henry McMaster, Haley’s successor and an alumnus of South Carolina, which lost to Clemson.

Persons: — Nikki Haley, Donald Trump, Haley, Trump, Vivek Ramaswamy, Ron DeSantis, Vincent Francescangeli, ” Francescangeli, Trump’s, you’ve, ” Haley, “, Haley riffed, Henry McMaster, Haley’s, —, ”, Francescangeli, Meg Kinnard Organizations: United Nations, University of South, South Carolina House, GOP, Florida Gov, Trump, mater, Clemson University, Clemson, Gamecocks, Tigers Locations: BLUFFTON, S.C, South Carolina, University of South Carolina, Charleston, Monday's, South, New Hampshire, Iowa, Florida, China

☆ Shoppers click 'buy' as retailers slash prices ahead of Cyber Monday
▼ + stars: | 2023-11-26 | by ( ) www.reuters.com time to read: +4 min

REUTERS/Brendan McDermid/File Photo Acquire Licensing RightsNov 26 (Reuters) - Holiday shoppers in the U.S. are seeking out the best deals and strategically nabbing the deepest discounts ahead of Cyber Monday, according to data from retailer websites aggregated by third parties. Cyber Monday, as the first Monday after the Thanksgiving holiday has become known as merchants step up online promotions, is set to be the biggest online shopping day of the year in the United States. Despite an earlier start to retailers' holiday promotions this year, there weren't a lot of great deals initially, Garf said. And "consumers clicked the buy button," spending $16.4 billion online in the U.S. and $70.9 billion globally that day, according to Salesforce. Other firms use different measurements to gauge online shopping patterns.

Persons: Brendan McDermid, Rob Garf, Garf, Salesforce, Vivek Pandya, Pandya, Steve Sadove, It’s, Vanessa O'Connell, Leslie Adler Organizations: Westfield Shops, REUTERS, Commerce, U.S . Retailers, Adobe Digital, Adobe, Mastercard, Saks Inc, Thomson Locations: New York City, U.S, United States, Salesforce

☆ Black Friday sees record online sales of close to $10 billion, with more than half coming from mobile purchases
▼ + stars: | 2023-11-26 | by ( Lakshmi Varanasi | ) www.businessinsider.com time to read: +2 min

More than half of that revenue came from mobile purchases, an Adobe analyst told CNBC. "The paradigm has changed around the in-store Black Friday experience," he said. And more than half of that revenue, about $5.3 billion, came from mobile purchases, lead analyst at Adobe Digital Insights, Vivek Pandya, told CNBC. Adobe's report didn't track in-store retail purchases, but an analysis from Mastercard found that in-store purchases were up a little more than 1% from last year. Meanwhile, e-commerce sales jumped by 8.5%, showing once again that more shoppers are opting to make purchases online.

Persons: —, Vivek Pandya, they've, Pandya Organizations: Black, CNBC, Service, Adobe, Adobe Digital, Mastercard

☆ The Iowa caucuses are fast approaching. Here's a look at the first GOP presidential nominating contests of 2024.
▼ + stars: | 2023-11-25 | by ( John L. Dorman | Brent D. Griffiths | ) www.businessinsider.com time to read: +8 min

Nikki Haley of South Carolina, Chris Christie of New Jersey, and Asa Hutchinson of Arkansas; and entrepreneur Vivek Ramaswamy. Former South Carolina Gov. If Christie is to generate momentum headed into the South Carolina primary, he must do well in New Hampshire. But South Carolina is also Haley's home and the state where she served as governor from 2011 to 2017. In 2020, South Carolina propelled Biden to the Democratic nomination and the presidency, and he's looking for another robust showing in the state.

Persons: Trump, Nikki Haley, —, Donald Trump, Ron DeSantis, Doug Burgum, Chris Christie, Asa Hutchinson of, Vivek Ramaswamy, Mike Pence, Sen, Tim Scott of, Miami Mayor Francis Suarez, Will Hurd, Larry Elder, Joe Biden, DeSantis, Kim Reynolds, Haley, Ramaswamy, Christie, Michael Dwyer, it's, he's, Henry McMaster, Lindsey Graham, Scott, Haley overperforms, Biden, Dean Phillips, Marianne Williamson Organizations: Republicans, Service, Republican, Miami Mayor, Democratic, GOP, Iowa, AP, Trump, Democratic National Committee, Hawkeye State Democrats, Nevada Republicans, Granite State . Former South Carolina Gov, South, Carolina, The South, Gov, South Carolina, Rep, Dean Phillips of Minnesota Locations: Iowa, Iowa , New Hampshire, South Carolina, Florida, North Dakota, New Jersey, Asa Hutchinson of Arkansas, Tim Scott of South Carolina, Will Hurd of Texas, South Carolina . Iowa, Nevada, Hampshire, England, Granite, New Hampshire, The, The South Carolina, But South Carolina

☆ Black Friday shoppers spent a record $9.8 billion in U.S. online sales, up 7.5% from last year
▼ + stars: | 2023-11-25 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +4 min

Black Friday's spending spike reflects a consumer who is more willing to spend than in 2022, when gas and food prices were painfully high. Pandya noted that impulse purchases may have played a role in the Black Friday growth since $5.3 billion of the online sales came from mobile shopping. A Mastercard analysis of this year's Black Friday sales found that in-store sales rose just over 1% versus online sales, which grew by over 8% compared to last year. Black Friday kept the momentum going from the day before on Thanksgiving when online sales totaled $5.6 billion, according to a prior Adobe analysis. The report forecasts that online shoppers will spend roughly $10 billion over the course of Saturday and Sunday, and a record $12 billion on Cyber Monday.

Persons: they're, Vivek Pandya, Pandya Organizations: Woodbury, Adobe Analytics, Adobe Digital, Adobe, Mastercard, Target Locations: Lacoste, Central Valley , New York, U.S

☆ Get ready for a 2024 election that could have an outsized impact on stocks and the world economy, Lazard's top strategist says
▼ + stars: | 2023-11-24 | by ( George Glover | ) www.businessinsider.com time to read: +6 min

But the 2024 presidential election could change that, according to Lazard's top strategist. "Whether the US continues to finance and support Ukraine is basically on the ballot," Ronald Temple told Business Insider. Advertisement"I typically try to convey to people that a presidential election is not a game-changer for stocks," he told BI. Geopolitical watershedTemple is highlighting the 2024 election as a potential watershed moment because of how the contest could affect the global geopolitical balance. AdvertisementInflation is still kingUkraine and the presidential election aren't the only two issues Temple is keeping an eye on.

Persons: Ronald Temple, —, hasn't, that's, Donald Trump –, –, Joe Biden, Wall, Temple, Biden, Ron DeSantis, Vivek Ramaswamy, Vladimir Putin, it's, Lazard, Russell Organizations: Business, Service, of Foreign Relations, Washington, Federal, Bureau of Labor Statistics, . Traders Locations: Ukraine, Kyiv, Russia, China

☆ BofA's Vivek Arya on Nvidia earnings: The fundamentals 'are absolutely there'
▼ + stars: | 2023-11-22 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBofA's Vivek Arya on Nvidia earnings: The fundamentals 'are absolutely there'Vivek Arya, Bank of America senior semiconductor analyst, joins 'Squawk Box' to break down Nvidia's earnings, which surpassed Wall Street expectations on top and bottom lines, growth outlook, and more.

Persons: Vivek Arya Organizations: Nvidia, Bank of America

Overall, Adobe estimates one in five Americans plan to use buy now, pay later plans to purchase holiday gifts. Retailers have found that customers offered a buy now, pay later option are more likely to have bigger cart sizes or to convert from browsing to checking out. In its report, the Fed cites research that finds that customers spend 20% more when buy now, pay later is available. LexisNexis Risk Solutions provides many buy now, pay later lenders with alternative credit scores for assessing consumers seeking loans, including those who may not have a traditional credit score. In the past two years, Williams has used buy now, pay later plans at stores including Target, BoxLunch, EyeBuyDirect, and Skims.

Persons: Vivek Pandya, Demishia Alford, Alford, “, ”, she’ll, I’ll, I’m, ” Kevin King, Kevin, ” Alford, Jessica Sarceda, ” Sarceda, Sarceda, Allison Williams, Williams, —, ” Jinal Shah, Charles Schwab Organizations: —, Federal Reserve Bank of New, Adobe, Adobe Digital, ”, Retailers, Fed, Consumers, Walmart, LexisNexis, Solutions, Nike, Target, Zip, Associated Press, Charles, Charles Schwab Foundation, Inc, AP Locations: Federal Reserve Bank of New York, Greensboro , North Carolina, Santa Monica , California, Amelia , Ohio

☆ Plying Voters With Free Food, Ramaswamy Struggles to Win Them Over
▼ + stars: | 2023-11-22 | by ( Anjali Huynh | ) www.nytimes.com time to read: +1 min

While many people were heading home for the Thanksgiving holiday, the presidential candidate Vivek Ramaswamy was making a new, if temporary, one in Iowa. He has rented an apartment in Des Moines, the state’s capitol, and plans to participate in the city’s annual Turkey Trot, a Thanksgiving morning run. In the five days before the holiday, Mr. Ramaswamy, 38, hosted over two dozen events, many offering free breakfast, lunch or dinner, eager to answer voter questions. At recent stops, Mr. Ramaswamy, a political newcomer and millionaire entrepreneur, has made a bold proclamation about his 2024 bid: “If I win Iowa, I’m your next president.”But his odds on either front appear to be growing more remote. Aggressive debate tactics appear to have hurt him, with his disapproval numbers ticking up after each performance, though he started with little name recognition.

Persons: Vivek Ramaswamy, Ramaswamy, ” Organizations: Iowa Locations: Iowa, Des Moines, Turkey

☆ Goldman, JPMorgan and others crank up Nvidia price targets in wake of latest earnings
▼ + stars: | 2023-11-22 | by ( Alex Harring | ) www.cnbc.com time to read: +9 min

Several analysts hiked their price targets for the stock to show they expect greater upside ahead after the latest financials. Below, CNBC Pro compiled a list of major investment firms that raised their price targets following the Nvidia report, along with their key conclusions: Goldman Sachs Analyst Toshiya Hari raised the price target by $20 to $625. Morgan Stanley Analyst Joseph Moore added $3 to his price target, bringing it to $603. BMO Capital Markets Like JPMorgan, BMO analyst Ambrish Srivastava hiked his target price by $50 to $650. Bernstein Analyst Stacy Rasgon increased his target price by $25 to $700, equating to 40% upside over the coming year.

Persons: Jensen Huang, chalked, Goldman Sachs, Toshiya Hari, Harlan Sur, Morgan Stanley, Joseph Moore, Aaron Rakers, Vivek Arya, Timothy Arcuri, NVDA, Ambrish Srivastava, Grace Hopper, Ruben Roy, Bernstein, Stacy Rasgon, Vijay Rakesh yanked, 2024E, INTC's, William Stein, Michael Bloom Organizations: Nvidia, CNBC Pro, Center, Foundry Service, JPMorgan, NVIDIA, " Bank of America, NVDA, UBS, BMO, Markets, AMD Locations: China, Tuesday's, CY24, CY25

☆ Rosalynn Carter saw a need for mental health reform decades before the loneliness epidemic
▼ + stars: | 2023-11-20 | by ( Renée Onque | ) www.cnbc.com time to read: +4 min

Following the pandemic, the state of mental health in America saw such a great decline that the U.S. Yet, former first lady Rosalynn Carter, who passed away on Sunday at her home in Plains, Georgia at the age of 96, advocated for mental health long before 2020. Early on, Carter recognized the disconnect between individuals with mental health conditions and people without them. She made sure to hold her husband, former President Jimmy Carter, who is now 99 years old, to the same standard. "Twenty-five years ago, we did not dream that people might someday be able actually to recover from mental illnesses," Rosalynn Carter said at a mental health symposium back in 2003.

Persons: Vivek Murthy, Rosalynn Carter, Carter, Jimmy Carter, Mr, John F, Rosalynn, Rosalynn wasn't, wasn't, Eleanor Roosevelt, Jimmy Carter's, Warren Buffett Organizations: U.S, CNN, Kennedy Presidential Library and Museum, Services, Mental Health, Department of Justice, JFK Presidential Library and Museum, Carter Locations: America, Plains , Georgia, Georgia, U.S, PCMH

☆ Israel-Hamas War U.N. Says Gaza Hospital Has Become ‘Death Zone’
▼ + stars: | 2023-11-19 | by ( Vivek Shankar | ) www.nytimes.com time to read: +4 min

Nearly four days after the Israeli military stormed the biggest hospital in the Gaza Strip, U.N. workers described the complex as a “death zone” where several patients had died because medical services had been shut down. The W.H.O., a U.N. agency, said that movement came after an evacuation order from the Israeli military. Capturing the hospital — and Gaza City, the largest urban center in Gaza — was a watershed moment for Israel last week. At Al-Shifa Hospital, Israeli troops discovered a shaft on Friday night and were scouring the underground area it led to, Admiral Hagari said. The Israeli military did not immediately confirm the strikes.

Persons: Shifa, Daniel Hagari, Israel, Admiral Hagari, Gazans Organizations: Al, Shifa, World Health Organization, United, Shifa Hospital, United Nations Locations: Gaza, Gaza City, Israel, United States, Al

☆ Nikki Haley's attempt to thread the needle on abortion could end up backfiring among the conservatives she'll need to take down Trump
▼ + stars: | 2023-11-19 | by ( John L. Dorman | ) www.businessinsider.com time to read: +5 min

GOP presidential candidate Nikki Haley has called for "consensus" on the issue of abortion. But for conservatives inclined to back Trump in 2024, they may want to hear stronger language from Haley. Haley is anti-abortion, but at this juncture of her bid, she'll need a lot to overcome Trump's edge. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . GOP presidential candidate Vivek Ramaswamy is at center.

Persons: Nikki Haley, Haley, —, Donald Trump, dethroning Trump, Vivek Ramaswamy, Charlie Neibergall, Roe, Wade, Trump, Joe Biden's, she's Organizations: Trump, Service, Forum, GOP, AP, South, Republicans Locations: Kentucky, Virginia, Ohio, South Carolina, Columbia, Miami, Iowa, New Hampshire, Trump

In an appearance the same day on the “Guy Benson Show” on Fox News Radio, Ms. Haley blamed the app for sowing sympathies for Hamas on some college campuses and stoking anti-American views. In a statement posted on X, TikTok responded to Ms. Haley by saying that the circulation of bin Laden’s letter violated the platform’s rules that ban support for terrorism, and it was policing related content accordingly. Mr. Trump, her former boss, continues to be the overwhelming front-runner, but Ms. Haley, a former South Carolina governor, is trying to overtake Gov. At a town hall for her campaign in Iowa on Thursday, Ms. Haley continued to press on TikTok and brought up the letter by bin Laden. For them to be here,” Ms. Schroeder said after hearing from Ms. Haley.

Persons: Nikki Haley ratcheted, Osama bin Laden, Haley, Donald J, Trump, ”, Guy Benson, “, Laden, TikTok, Ms, Ron DeSantis, Vivek Ramaswamy, Ramaswamy, DeSantis, “ Alexander Hamilton, John Jay, James Madison, ” Ms, bin Laden, you’ve, ’ ”, “ That’s, Linda Schroeder, Schroeder Organizations: U.S, Republican, United Nations, Chinese Communist Party, Fox News Radio, World Trade Center, Pentagon, New York Times, Gov, TikTok, CNBC Locations: Israel, America, U.S, South Carolina, Florida, Miami, Iowa, Waverly, China, Russia, Iran, TikTok, Dubuque

SAN FRANCISCO (AP) — K-pop superstar Rosé said Friday at a mental health awareness event hosted by first lady Jill Biden that it's important for the world to understand that famous people grapple with emotional struggles, too. Rosé, a part of the supergroup BLACKPINK, said having a large social media following makes her feel vulnerable, particularly when people are critical. “People who are older -- we never, ever spoke about mental health,” Biden said. Apple CEO Tim Cook opened the event but blanked briefly when the teleprompter went out. Cook recovered, telling the crowd he'd “go ahead and ad lib," then thanked everyone for coming and introduced the first lady.

Persons: —, Rosé, Jill Biden, there’s, ”, ” Biden, Vivek Murthy, Tim Cook, “, Cook, Wan, Wan Ismail, you’ve, ” Cook, ” Kim Keon Hee, Rachael Marape, Louise Araneta Organizations: FRANCISCO, Apple, Economic Cooperation, Marcos Locations: Cupertino, Asia, Pacific, California, Malaysia, South Korea, Papua New Guinea, Philippines

☆ Nikki Haley Says She Would Have Signed Six-Week Abortion Ban as Governor
▼ + stars: | 2023-11-17 | by ( Nicholas Nehamas | More About Nicholas Nehamas | ) www.nytimes.com time to read: +2 min

Ms. Haley is performing well in New Hampshire, the second state to vote in the Republican primary, where voters tend to be more supportive of abortion rights. donors, who have paid more attention to Ms. Haley after her strong debate performances, are also more moderate on abortion. Democrats were quick to pounce on the comments, a sign that they see Ms. Haley, who is polling well against President Biden, as a threat. “Q: Would you sign a 6-week abortion ban if you were governor?” the post said. At the most recent Republican debate, in Miami this month, Ms. Haley said that as president, she would sign an abortion ban of any length passed by Congress.

Persons: Haley, Biden, Mr, DeSantis, Vivek Ramaswamy, X, “, “ Haley, Ammar Moussa, “ Nikki Haley, MAGA Organizations: Republican, Twitter, Biden, Congress Locations: Iowa, New Hampshire, Des Moines, South Carolina, Miami

Thursday's early calls featured a retail upgrade and an EV charging stock downgrade. The analyst reiterated his buy rating and $450 price target on the stock. Microsoft's AI cybersecurity solution Security Copilot, which was only recently expanded through an early access program on Oct. 19, already has tons of pent-up interest, Thill said. The firm downgraded shares from neutral to underperform and lowered its price target on the stock by $17 to $43. He gave the stock a $50 price target — $13 higher from the previous one — which implies 23.1% upside for shares since Wednesday's close.

Persons: Wells Fargo, Goldman Sachs, Kash Rangan, Rangan, Maia, Brent Thill, Thill, Vivek Arya, Arya, Raimo, Microsoft's, — Pia Singh, Elizabeth Suzuki, Vijay Rakesh, Rakesh, Vikram Bagri, Bagri, Fred Imbert, Edward Kelly, Kelly Organizations: CNBC, Citi, Microsoft's Ignite, Jefferies, Microsoft, Bank of America, Nvidia, Devices, Barclays, Advance, AAP, Mizuho, Intel, Mizuho Securities, Foundry, Foundry Services, Sapphire, Sierra, AMD, Wells Locations: Seattle, U.S, Wells Fargo, Wednesday's

☆ Nikki Haley wants you to verify your identity on social media
▼ + stars: | 2023-11-15 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +4 min

Nikki Haley says anonymous social media accounts and bots pose a "national security threat." AdvertisementGOP presidential hopeful Nikki Haley says people need to use their true identities on social media. AdvertisementNEW - Nikki Haley: "Every person on social media should be verified by their name" because of "national security." "The truth is, if you look at social media, the misinformation and the dramatic sides of social media are instigating this. Haley said this was why her proposals would be necessary to counter the "national security threat" posed by anonymous social media accounts and social media bots.

Persons: Nikki Haley, Haley, —, It's, Vivek Ramaswamy sidestepped, Ramaswamy, Nikki Organizations: Fox News, Service, United Nations, GOP, Democrats, Business Locations: Russia, China, Iran, North Korea, Social, Ramaswamy

☆ Ken Griffin is doing his best to goad Trump into debating Nikki Haley
▼ + stars: | 2023-11-15 | by ( Matthew Loh | ) www.businessinsider.com time to read: +4 min

Citadel CEO Ken Griffin is trying to get Donald Trump to debate Nikki Haley. He highlighted Haley as Trump's main rival, but said he was still deciding if he wanted to back her. AdvertisementHedge fund boss Ken Griffin on Tuesday urged former President Donald Trump to take on fellow presidential hopeful Nikki Haley in a GOP primary debate. "I think the real issue is, is Donald Trump, for all of his bluster, willing to get on stage with Nikki Haley or not?" "The American public needs to see, can Donald Trump hold his own with Nikki Haley?"

Persons: Ken Griffin, Donald Trump, Nikki Haley, Haley, —, Griffin, Joe Biden, What's, Trump, who's, Sonali Basak, Haley's, Ron DeSantis, that's, Vivek Ramaswamy, Ramaswamy, Biden, Adolf Hitler Organizations: Citadel, Service, Bloomberg, GOP, Florida Gov, Trump Locations: Miami

Tuesday started with Nvidia getting more praise from one analyst, and a battery stock downgrade. She has a price target of $40 on shares, which suggests 20.3% upside potential from where shares closed on Monday. The firm initiated the stock with a buy rating and $125 price target, which suggests 7% upside from Monday's close. "3Q brings a narrative change in FREY's outlook with new risks to tech, strategy and funding that's been appropriately discounted by the stock market. He also slashed his price target to $2 from $13, which suggests 14.3% upside from Monday's close.

Persons: Tuesday, Morgan Stanley, Freyr, Paul Matteis, Matteis, Vistagen, — Hakyung Kim, BeautyHealth, Allen Gong, Gong, Benjamin Soff, Soff, Bernstein, Kraft Heinz, Alexia Howard, Howard, Miguel Patricio, Roth, Suji Desilva, Desilva, Morgan Stanley downgrades Freyr Battery Morgan Stanley isn't, that's, FREY, Adam Jonas, Jonas, Vivek Arya, — Fred Imbert Organizations: CNBC, Nvidia, Bank of America, Therapeutics Biotechnology, Vistagen Therapeutics, JPMorgan, Deutsche Bank, Rockstar, Kraft, Kraft Heinz, AMD, Investment, Freyr's, Nvidia Bank of America Locations: U.S, Monday's, Freyr's Norwegian

☆ Some fund managers see merit in China's deeply discounted stocks
▼ + stars: | 2023-11-14 | by ( Summer Zhen | ) www.reuters.com time to read: +5 min

U.S. asset manager Fidelity International is highlighting China's looser monetary policy and the government's recent 1 trillion yuan ($137.10 billion) borrowing-and-spending sovereign bond plan as a tailwind for the country's stock markets. London-based £3 billion fund manager Somerset Capital Management likewise finds China exciting. The stock market has yet to recover, but has stabilised. Morgan Stanley estimates long-only foreign investors now have their deepest underweight positions in China and Hong Kong equities in years. Chinese stocks could see a short-term sentiment pick-up given foreign funds have such light positions in the market, said Redmond Wong, Greater China market strategist at Saxo Markets.

Persons: Dado Ruvic, ”, Marty Dropkin, Mark Williams, Morgan Stanley, Patrick Ghali, Sean Ho, Vivek Tanneeru, Redmond Wong, Summer Zhen, Xie Yu, Vidya Ranganathan, Kim Coghill Organizations: REUTERS, Fidelity, Asia Pacific, Fidelity International . London, Somerset Capital Management, Nasdaq, Japan’s Nikkei, Sussex Partners, Hong, China, Hang Seng Tech, Monetary Fund, Cambridge Associates, Capital, “, Triata, Matthews Asia, Saxo Markets, Thomson Locations: HONG KONG, China, U.S, Asia, Hong Kong, London, Boston, San Francisco, Greater China

☆ How Haley could eclipse DeSantis to become the Trump alternative
▼ + stars: | 2023-11-14 | by ( Ron Brownstein | Analysis Ronald Brownstein | ) edition.cnn.com time to read: +16 min

But many Republican strategists believe that DeSantis’ struggles to connect with voters, and his choice to run at Trump solely from the right, have opened a lane for Haley to eclipse the Florida governor. An array of recent polls, both nationally and in the battleground states, signal that DeSantis and Haley have separated themselves from the rest of the candidates chasing Trump. “Absolutely, Nikki Haley has more upside than DeSantis if they are both viable after the first two,” argued Alex Stroman, a former executive director of the South Carolina GOP. DeSantis, Ayres argued, has “has tried to appeal to some of the ‘always Trump’ voters, but the ‘always Trump’ voters are always Trump for a reason. Nikki Haley seems to have figured out the job is to consolidate the ‘maybe Trump’ voters who supported Trump twice but now … want a different style and different temperament.”Republicans sympathetic to DeSantis argue that it is Haley who has boxed herself in.

Persons: Donald Trump’s, Ron DeSantis, Nikki Haley, Trump, “ You’ve, ”, Tom Rath, Donald Trump, DeSantis, Haley, Republican pollster Whit Ayres, Alice Stewart, Chris Christie, Vivek Ramaswamy, South Carolina Sen, Tim Scott, Scott, Mike Huckabee, Rick Santorum, Ted Cruz, Kim Reynolds, Huckabee, Santorum, Cruz, John McCain, Mitt Romney, ’, Ayres, Rath, George W, Bush, “, ” Dante Scala –, –, Scala, GOPers, ” Haley, McCain, Linus, ‘, ’ ”, he’s, Newt Gingrich, Alex Stroman, DeSantis “, ” Ayres, Ayres ’ “, tellingly, MAGA —, dethroning, ” Scala, Mike Murphy, who’s, Joe Biden, ” Murphy, There’s, Sen, Gary Hart parlayed, Hart, Walter Mondale, Chris Sununu, DeSantis ’, Yogi Berra, ” Rath Organizations: CNN, GOP, Florida Gov, South Carolina Gov, ”, Republicans, Trump, Republican, Washington Post, New, New Jersey Gov, South, Huckabee, New Hampshire GOP, University of New, Romney, South Carolina GOP, “, dethroning Trump, Democratic Locations: Florida, New Hampshire, South Carolina, Iowa, New Jersey, Granite State, University of New Hampshire, After New Hampshire, Gaza, DeSantis, Haley, Iowa , New Hampshire

But it appeared to take Fox News' Trey Gowdy, a former GOP congressman who hosted Scott on his show Sunday, by surprise. "The voters, who are the most remarkable people on the planet, … they’re telling me, ‘Not now, Tim.’ I don’t think they’re saying, Trey, ‘no,’ but I do [think] they’re saying ‘not now,’” Scott said. But while Scott technically spoke the most during that debate, his quiet message was drowned out by others. After last Tuesday's debate, Scott brought his girlfriend of one year up to the stage, and the two briefly held hands while candidates' families mingled. “I’ll be honest with you, I ran for president to be president.

Persons: Sen, Tim Scott, Trey Gowdy, Scott, “, ‘, Tim, ’, Trey, ’ ” Scott, Mike Pence, Donald Trump, HarrisX, Nikki Haley, Vivek Ramaswamy –, Trump, Chris Christie, Ron DeSantis, Asa Hutchinson, wasn't, ” Scott, it’s, ”, Haley, I’m, Trump's, Jeff Sessions Organizations: Black Republican, GOP, Fox News, Republican, Former U.S, United, Senate, Trump, New, New Jersey Gov, Florida Gov, Arkansas Gov, Fox, U.S, Capitol, Jeff Sessions of Locations: United States, America, South Carolina, Iowa, Miami, Former, North Charleston, Tuscaloosa , Alabama, New Jersey, Florida, Carolina, Washington

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