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Here’s what you need to know:• Israeli strikes killed over 100 people and wounded over 350 others in Lebanon on Sunday. The Israeli military said it was striking Hezbollah, including in attacks by fighter jets on about 45 targets near a village in southern Lebanon. The Houthis, like Hamas and Hezbollah, are among the Iran-backed militant groups battling Israel since the war in Gaza began. Hundreds of thousands of people have been forced onto the streets as Israeli strikes destroy homes and infrastructure. • US President Joe Biden said he is “working like hell” with allies to prevent an all-out war in the Middle East.

Persons: stoking, :, •, Nabil Qaouk, Hassan Nasrallah, Israel, Joe Biden, Benjamin Netanyahu Organizations: Sunday, Relief Locations: Beirut, East, Israel, Lebanon, Yemen, Iran, Gaza

☆ In a single Delhi house, several hundred years of Indian history
▼ + stars: | 2024-09-30 | by ( Aishwarya S Iyer | ) edition.cnn.com time to read: +9 min

And then there was Chandni Chowk, built as a part of Emperor Shah Jahan’s new capital Shahjahanabad - or Old Delhi as it later became. His ancestor, he says, was appointed the first municipal commissioner of Old Delhi. Knotting history and faithIt isn’t only multiple eras of history that intertwine here in this sliver of Old Delhi. Originally built in the 1600s, the temple was renovated with red sandstone in 1878, giving it the nickname the Red Temple. Rickshaw pullers rest along a street in Chandni Chowk, Old Delhi, India on August 6, 2023.

Persons: Chandni Chowk, Emperor Shah Jahan, Ajay Parshed, Parshed, Chandni, ”, Chunna Mal, Aishwarya S, Iyer, he’s, “, ” Parshed, Khan, Jama, Emperor Shah Jahan’s, Chunna, “ Chunna Mal, Jain, Gauri Shankar, who’ve, Rameen Khan, ” Khan, Sheetal Saxena, Shiva, Pradeep Dambarage, Nader Shah, Dilip Saxena, Saxena, “ Will Organizations: CNN, Mahal, Central Baptist Church Locations: Delhi, Chandni, Agra, British, Old Delhi, ”, Chandni Chowk, India, Golden, “

☆ Watch Fed Chair Jerome Powell speak live on economy, policy views
▼ + stars: | 2024-09-30 | by ( Jeff Cox | ) www.cnbc.com time to read: +1 min

Federal Reserve Chair Jerome Powell is set to speak Monday to the National Association for Business Economists during the organization's annual conference in Nashville. The central bank chair is delivering his assessment on the economy as well as his policy views. Following the speech, Powell will speak in a moderated discussion with Ellen Zentner, global head of thematic and macro investing at Morgan Stanley Wealth Management. The speech comes less than two weeks after the rate-setting Federal Open Market Committee approved a half-percentage-point reduction in its key overnight borrowing rate, the first rate reduction in more than four years. Markets expect the Fed to follow up with additional cuts this year and in 2025 depending on the path of the economic data.

Persons: Jerome Powell, Powell, Ellen Zentner Organizations: National Association for Business Economists, Morgan Stanley Wealth Management, CNBC, YouTube Locations: Nashville

☆ America's absurd war on 'organized retail crime'
▼ + stars: | 2024-09-30 | by ( Amy Martyn | ) www.businessinsider.com time to read: +26 min

Organized retail crime "is not shoplifting," the agency says on its website, "and these crimes are not victimless." AdvertisementOne homeless woman in jail who pleaded guilty to felony organized retail theft tells me she steals out of desperation. Gavin Newsom sent $267 million to cities across California to increase arrests of organized retail crime — and the crackdown has escalated dramatically. Even the guy who says he coined the term "organized retail crime" can't say how much is lost to it. Gavin Newsom has provided California cities with $267 million and signed 10 new bills into law to bolster the prosecution of organized retail crime.

Persons: Veronica Lumbreras, Deysi Ramirez, Brooke Jenkins, Lumbreras, Villanueva, Ramirez, Louis Vuitton, Sen, Chuck Grassley, Gavin Newsom, Chanel, ANGELA WEISS, David Johnston, shoplifters, Shalia Brown, she's, Brown, Thomas Riddle, Riddle, Elizabeth Camacho, That's, Jeff Loftin, they're, Eric Risberg, Aziza Graves, Miss Graves, Graves, Jenkins, Maury Povich's, Jeffrey Ross, Ross, there's, Read Hayes, Jeffrey Epstein, San Francisco Bloomingdale's, Alto, Bloomingdale's, Cuauhtemoc Ramirez, Amy Martyn Organizations: San Francisco's Mission, San Francisco Police Department, CVS, Target, National Retail Federation, of Homeland Security, San Francisco Chronicle, Hearst Newspapers, Getty, San Francisco, Walgreens, Retailers, Gov, Patrol, Saks, Retail Federation, Kroger, San, Nvidia, Employees, Hall of Justice, ABC News, Prevention, Body, Alto, Mental Health, Anadolu, Walmart, Safeway Locations: San Francisco's, Arriba Juntos, Villanueva, Bay, Walnut, San Francisco, Hayward, California, Mission, Napa County, America, Los Angeles, San Francisco's County, Oakland, Bath

The yield on the 10-year Treasury added more than 3 basis points to 3.787%. The 2-year Treasury yield was last at 3.637% after rising more than 7 basis points. U.S. Treasury yields advanced Monday as investors considered the state of the economy after the latest data release and commentary from Federal Reserve chair Jerome Powell. Investors were assessing the state of the economy, including the path ahead for inflation and what this could mean for interest rates after the release of key data. The 12-month inflation rate came in at 2.2%, down from 2.5% in July and the lowest since February 2021.

Persons: Jerome Powell, Powell, Dow Jones Organizations: Treasury, U.S, Federal, National Association for Business Economics, Investors, PCE, Fed, PMI

☆ HSBC: the Malaysian Ringgit is boosted by central bank policy and 'promising' structural reform
▼ + stars: | 2024-09-30 | 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 EmailHSBC: the Malaysian Ringgit is boosted by central bank policy and 'promising' structural reformYun Liu of HSBC says Malaysia's economic growth is 'on fire at all fronts', and discusses strength of the ringgit and increasing amount of Chinese investments into the country specifically related to green transition.

Persons: Yun Liu Organizations: HSBC Locations: Malaysian

☆ US-made 2,000-pound bombs likely used in strike that killed Hezbollah chief Nasrallah, CNN analysis shows
▼ + stars: | 2024-09-30 | by ( Allegra Goodwin | Gianluca Mezzofiore | ) edition.cnn.com time to read: +6 min

One of the Israeli Air Force planes that the military said was used in the attack targeting Hassan Nasrallah. The munitions contain 535 pounds of explosives, significantly less than MK84s, another type of 2,000-pound bomb frequently used by the Israeli military. That makes it extremely difficult to reliably estimate the number of munitions used,” he said. The use of 2,000-pound bombs, which are mostly manufactured by the US, can cause high casualty events in part due to the enormous scale of their impact. The Israeli military said it was striking Hezbollah, including in attacks by fighter jets on about 45 targets near a village in southern Lebanon.

Persons: Hassan Nasrallah, Trevor Ball, Ball, ” Ball, CNN geolocated, Hassan Ammar, Nasrallah, It’s, ”, Justin Bronk, ” Bronk, Bronk, Amichai Levin, Israel, Biden Organizations: CNN, US Army, Israeli Air Force, New York Times, Royal United Services Institute, Reuters Locations: Beirut, Beirut’s, Beirut's, London, Dahiyeh, Brig, Gen, Hatzerim Airbase, Gaza, Israel, Lebanon

☆ Jim Cramer names the Wall Street bright spots from a tumultuous third quarter
▼ + stars: | 2024-09-30 | by ( Julie Coleman | ) www.cnbc.com time to read: +1 min

CNBC's Jim Cramer on Monday looked back at the past three months, picking out positives in a chaotic stretch for the market. He added that the central bank set the stage for a substantial rate cut so they could make the move without sending Wall Street into a panic. The market also broadened out after Big Tech had dominated for months on end, Cramer said. And despite the tumult in the leadup to a divisive presidential election, Wall Street "chose to ignore the drama," he said. "The months of July, August, September gave us some outstanding returns," Cramer said.

Persons: CNBC's Jim Cramer, Cramer, Kamala Harris, Joe Biden, Donald Trump Organizations: Big Tech, Democratic

☆ Disney lands an upgrade — plus, why we're considering adding to this laggard stock
▼ + stars: | 2024-09-30 | by ( Jeff Marks | ) www.cnbc.com time to read: +5 min

Don't overlook Disney : Shares of Club name Disney have quietly put together a solid September, up about 6% in the month. 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.

Persons: Jim Cramer, Jerome Powell, Powell, we've, Jim Cramer's, Coterra, McCormick, We'll, Jim Organizations: CNBC, Federal, National Association for Business Economics, Disney, Seaport Research, Seaport, Energy, Coterra Energy, Jim Cramer's Charitable Trust, Jim Cramer's Charitable Locations: Nashville

☆ Oil markets not pricing in an 'all-out war' after Israel kills Hezbollah leader, but risks persist
▼ + stars: | 2024-09-30 | by ( Lee Ying Shan | In Ying-Shan-Lee | ) www.cnbc.com time to read: +3 min

While hostilities throughout the Middle East have ramped up, there has not been any oil supply disruption, observed Andy Lipow, president at Lipow Oil Associates. "The oil market does not expect an all-out war between Iran and Israel that would impact supply," he told CNBC via email. However, both experts noted that a rapid escalation in conflict could lead to crude oil prices hitting $100 per barrel. While unlikely, oil prices would jump by $30 per barrel if it occurred, he added. "If events rapidly spiral, any material disruption to Iranian oil supplies or oil exports through the Strait of Hormuz could send oil prices well over $100 per barrel," said Young.

Persons: Hassan Nasrallah, Nasrallah, Andy Lipow, Lipow, Josh Young, Young Organizations: State, Company, Venezuelan, Company SA, Israel Defense Forces, Hezbollah, U.S, National Intelligence, London Assembly, Brent, West Texas Intermediate, Lipow Oil Associates, CNBC, U.S ., U.S . Energy Information Administration, Hamas Locations: Venezuela, Beirut, Iran, Israel, U.S . Canada, Guyana, Straits, Hormuz, Oman, Lebanon

☆ Stock futures are flat after S&P 500 closes at a record to end winning September: Live updates
▼ + stars: | 2024-09-30 | by ( Brian Evans | ) www.cnbc.com time to read: +2 min

Stock futures were little changed on Monday evening, after the S&P 500 closed at a record to end September. S&P 500 futures inched lower by 0.1%, while Nasdaq 100 futures were just below the flatline. In the regular session, the S&P 500 and the 30-stock Dow notched closing records. All three major averages posted monthly gains, and it was the first positive September for the S&P 500 since 2019. The S&P 500, Dow and Nasdaq Composite also ended the third quarter in positive territory.

Persons: Jerome Powell, nonfarm, Dave Sekera Organizations: New York Stock Exchange, Stock, Dow Jones, Nasdaq, Dow, Federal, Investors, Morningstar, Traders, International Longshoremen's Association, Gulf Coasts, U.S, U.S . Bureau of Labor Statistics, Labor, Survey, P Global U.S, Manufacturing, ISM, PMI Locations: New York City, U.S, Gulf

☆ Chinese property stocks surge after 3 major cities relax restrictions on homebuying
▼ + stars: | 2024-09-30 | by ( Kelly Cloonan | ) www.businessinsider.com time to read: +4 min

Chinese property stocks climbed 7% on Monday three major cities eased homebuying rules. China's property sector has struggled amid falling home prices, vacant supply, and debt. AdvertisementChinese property stocks got some positive news on Monday as three major cities announced easing of home-purchase restrictions. The surge comes after the cities of Shanghai, Shenzhen, and Guangzhou loosened homebuying restrictions, and after nation's central bank said it will allow refinancing of mortgages. The moves are part of China's new stimulus package meant to reinvigorate its slowing economy and weak property sector.

Persons: —, Morgan Stanley, Stephen Cheung Organizations: Service, Mainland Properties, Longfor, Holdings, Hang Lung, CSI Locations: Hong Kong, Shanghai, Shenzhen, Guangzhou, Beijing

☆ Chinese stocks are on fire, and this sector is poised to benefit
▼ + stars: | 2024-09-30 | by ( Fred Imbert | ) www.cnbc.com time to read: +2 min

The Chinese stock market just had its best single day in more than a decade. It's also the last trading day of the week in China due to the Golden Week holiday. Against this backdrop, Roth MKM's JC O'Hara highlighted one S & P 500 sector that might benefit the most from a rebound in China's economy: materials. Some materials stocks highlighted by O'Hara as potential winners, at least based on their price charts alone, are O-I Glass , Corteva and Freeport-McMoRan . To be sure, investors should tread carefully in materials, O'Hara said.

Persons: It's, Roth MKM's JC O'Hara, O'Hara Organizations: CSI, Seaport, Disney Locations: China, Freeport, McMoRan

☆ China's bond market seems skeptical that recent stimulus will be enough
▼ + stars: | 2024-09-30 | by ( Filip De Mott | ) www.businessinsider.com time to read: +3 min

China's bond traders are piling into the safe-haven asset despite recent stimulus efforts. The 30-year government bond yield hit its lowest level since 2005 last week and fell again Monday. AdvertisementWhile Chinese stocks have roared on Beijing's stimulus jolt, the country's bond market suggests there's lingering skepticism. But the bond market seemed less convinced, with the 30-year government bond yield falling the next day to close to its lowest level since 2005. Investors may be reacting to the widely held view that despite the size and scope of China's stimulus moves, they still might not be enough.

Persons: —, Stocks, it's Organizations: Bank of America, Service, CSI, People's Bank of Locations: China, People's Bank of China, CNY1.85tn

☆ Stocks making the biggest moves midday: EchoStar, CVS Health, Stellantis and more
▼ + stars: | 2024-09-30 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +2 min

Check out the companies making headlines in midday trading: Nio — The U.S.-listed shares of the Chinese electric vehicle maker climbed 9.5% after Nio announced a 13.3 billion yuan cash injection for its Nio China business. The transactions are expected to be completed by year-end, and will reduce Nio Inc.'s stake in Nio China to 88.3% from its current 92.1%. CVS Health — Shares jumped 3.3% on news that hedge fund Glenview Capital intends to meet with CVS Health's executives to boost the struggling business. Crypto stocks — Stocks tied to the price of bitcoin retreated with the cryptocurrency following a sizeable rally last week. Cumberland Hospital for Children and Adolescents is an "indirect subsidiary" of Universal Health Services, according to an 8-K filing.

Persons: Nio, Alibaba, Stocks, bitcoin, Coinbase, MicroStrategy, Bitcoin, EchoStar, Piper Sandler, Stephen Scouten, — CNBC's Sean Conlon, Tanaya Macheel, Sarah Min, Jesse Pound, Pia Singh Organizations: Nio Inc, GM, Ford, CVS, —, Glenview Capital, CNBC, DirecTV, Amerant, Moderna, Universal Health Services, Cumberland Hospital for Children Locations: U.S, China, Glenview, Florida

☆ ‘Baby Reindeer:’ Judge allows defamation lawsuit against Netflix over show to proceed
▼ + stars: | 2024-09-30 | by ( Issy Ronald | ) edition.cnn.com time to read: +4 min

CNN —A Scottish woman accused of stalking “Baby Reindeer” creator and star Richard Gadd can proceed with her defamation lawsuit against Netflix, after a federal judge in California refused to dismiss all of the claims. In a ruling published on Friday, Judge R. Gary Klausner wrote that while Fiona Harvey’s “purported actions are reprehensible,” the differences in how the show depicted these “could produce a different effect on the mind of a viewer.”Richard Gadd created and starred in "Baby Reindeer." The show topped most-watched lists worldwide after its debut in April, generating headlines and speculation about the characters and who inspired them. Jessica Gunning won an Emmy Award for her portrayal of Martha in "Baby Reindeer." Ed Miller/NetflixIn the lawsuit, Harvey alleges “several key differences” between herself and the character Martha, who stalked Gadd’s character Donny Dunn.

Persons: CNN —, Richard Gadd, R, Gary Klausner, Fiona Harvey’s “, ” Richard Gadd, Ed Miller, Klausner, Gadd, “, Richard Gadd’s, Harvey, sleuths, Martha Scott, ”, Jessica Gunning, Martha, Donny Dunn, ” “, Gadd …, Klaussner, ” Klausner Organizations: CNN, Netflix, Court, Central, Central District of, Guardian, Times Locations: California, Central District, Central District of California

☆ German inflation drops to 1.8% in September, below expectations
▼ + stars: | 2024-09-30 | by ( Sophie Kiderlin | In | ) www.cnbc.com time to read: +3 min

The September harmonized CPI figure had been forecast to come in at 1.9% according to a Reuters poll. The German harmonized CPI figure was last under 2% — which is the European Central Bank's target rate for inflation — in February 2021, LSEG data indicated. For that, the still elevated core inflation rate would also need to ease notably. Within Europe, data published last week showed that the harmonized inflation rate in France and Spain fell below the 2% target in September. "The recent series of disappointing economic sentiment indicators and lower-than-expected inflation data have provided new strong arguments for ECB doves," he said.

Persons: Destatis, Sebastian Becker, Becker, Carsten Brzeski Organizations: European Union, Deutsche Bank Research, CNBC, European Central Bank, ING, ECB Locations: Berlin, Germany, European, Westphalia, Europe, France, Spain

☆ Israel launches ground operation into Lebanon to destroy Hezbollah strongholds
▼ + stars: | 2024-09-30 | by ( Jake Epstein | ) www.businessinsider.com time to read: +4 min

Israel confirmed it launched a ground offensive against Hezbollah targets in Lebanon. AdvertisementThe Israeli military said on Tuesday that it launched a "limited" ground offensive against Hezbollah targets in southern Lebanon. AdvertisementThe Israeli military said it is supporting the ground forces in Lebanon with airstrikes and artillery on Hezbollah targets. It said Operation "Northern Arrows" would continue in parallel with the devastating war against Hamas in Gaza. The ground operation on Tuesday likely raises the risk that the conflict between Israel and Hezbollah could expand, possibly bringing in the US and Iran.

Persons: Israel, —, Leo Correa Fighting, Hassan Nasrallah, Yoav Gallant, Nasrallah, Gallant Organizations: IDF, Service, AP, Pentagon, Command, Business Locations: Lebanon, Iran, Israel, Gaza, US

☆ 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

☆ We loved living in Austin but left after 10 years. Big businesses and tech wrecked our favorite parts of the city.
▼ + stars: | 2024-09-30 | by ( Laura Niebauer Palmer | ) www.businessinsider.com time to read: +5 min

We hated that many of the city's unique small businesses were being forced out due to high rents. We loved that the city was less hurried, had a small-town feel, and prided itself on its motto, "Keep Austin Weird." AdvertisementWe felt big businesses slowly took away from what made Austin special"Keep Austin Weird" is an ode to the eclectic mix of small businesses found throughout the city. Dmitri Kotchetov/ShutterstockThe Texas capital is known for its motto, "Keep Austin Weird," an ode to the eclectic mix of small businesses found throughout the city. The street was once lined with offbeat stores with unique Austin offerings and welcoming shop owners.

Persons: Austin, —, hasn't, Dmitri Kotchetov, we've, it's, Warby Parker, We've Organizations: Service, Apple, ABC TV, Nike Locations: Austin, Chicago, Texas, The Texas, Congress, Austin .

☆ Nepal rains: Rescuers use zip lines and boats to reach survivors as flooding and landslides kill nearly 200 people
▼ + stars: | 2024-09-30 | by ( Helen Regan | ) edition.cnn.com time to read: +5 min

CNN —Days of heavy monsoon rains in Nepal have triggered widespread flooding and landslides across the Himalayan nation, killing almost 200 people and causing widespread destruction. Nepal's Armed Police Force rescues stranded people using a zip line from a flooded river in Lalitpur, Nepal, on September 28, 2024. Sunil Pradhan/Anadolu/Getty ImagesNepal Army personnel evacuates an infant using a kayak from a flooded residential area in Kathmandu, Nepal, on September 28, 2024. Prakash Mathema/AFP/Getty ImagesA woman carrying a chair walks along a muddy street that was flooded by the overflowing Bagmati River following heavy rains in Kathmandu, Nepal, on September 29, 2024. Navesh Chitrakar/ReutersA man cleans mud from his house in a flood-affected area following heavy monsoon rains in Kathmandu on September 29, 2024.

Persons: Subaas Shrestha, Sunil Pradhan, Dil Kumar Tamang, Navesh Chitrakar, Ellie Wirth, “ I’ve, ”, Arun Bhakta Shrestha, Prakash Mathema Organizations: CNN, Nepal's Armed Police Force, Anadolu, Getty Images Nepal Army, Nepal Armed Police Force, Nepal’s Ministry of Home Affairs, Reuters, Nepal Police, Associated Press, International Centre, Integrated Mountain Development, Getty Locations: Nepal, Kathmandu, Lalitpur, Dhading, Bhimeshwor, Dolakha, Pokhara, “, Katmandu, AFP, South Asia, Asia

☆ Russia proposes record defense spending as it pursues victory in Ukraine
▼ + stars: | 2024-09-30 | by ( Story The Associated Press | ) edition.cnn.com time to read: +4 min

The government’s draft budget released Monday proposes spending just under 13.5 trillion rubles (over $145 billion) on national defense. The Ukraine war is Europe’s biggest conflict since World War II and has drained the resources of both sides, with Ukraine getting billions of dollars in help from its Western allies. Russian President Vladimir Putin is also looking at how to sustain his war effort as military spending has placed a huge strain on the Russian economy. Ukraine, too, has developed a new generation of drones for the battlefield and for long-range strikes deep inside Russia. More than 100 Ukrainian drones were shot down over Russia on Sunday, Russian officials said.

Persons: Volodymyr Zelensky, Vladimir Putin, Monday Putin, Vitalii Kim, Putin, ” Putin, ” Organizations: State Duma, Federation Council, Monday, West Locations: Russian, Moscow, Ukraine, United States, State, Russia, Ukrainian, Kyiv, Mykolaiv, “, Donetsk, Luhansk, Kherson, Zaporizhzhia, Crimea

☆ These U.S. stocks do the best during periods when China stimulates its economy, according to Trivariate Research
▼ + stars: | 2024-09-30 | by ( Samantha Subin | ) www.cnbc.com time to read: +2 min

Trivariate Research is laying out some U.S. companies that could win big in China's latest stimulus deal. Last week, China's central bank released a raft of support measures to help stimulate economic growth and boost a struggling real estate market in the second-largest economy in the world. "We see the China stimulus as an incremental positive to risk-taking," wrote Trivariate founder Adam Parker in a note to clients. Trivariate is not the only firm that views commodity stocks as potential beneficiaries, with Morgan Stanley recently naming Freeport in its shopping list for commodity stocks. Gaming stocks could also win big with China's stimulus deal.

Persons: Adam Parker, Parker, Trivariate, Morgan Stanley, Estée Lauder, MicroStrategy Organizations: Capri Holdings Locations: China, Freeport, Sands, Capri

☆ Lerner: Don't fight the Fed and don't fight China.
▼ + stars: | 2024-09-30 | 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 EmailLerner: Don't fight the Fed and don't fight China. Keith Lerner, Co-Chief Investment Officer at Truist Wealth, highlightS that global markets are reaching 52-week highs, driven by central bank actions and Chinese stimulus.

Persons: Lerner, Don't, Keith Lerner Locations: China

☆ China property stocks rally after major cities ease homebuying restrictions
▼ + stars: | 2024-09-30 | by ( Anniek Bao | In | ) www.cnbc.com time to read: +3 min

Noel Celis | Afp | Getty ImagesShares of Chinese property developers rallied on Monday after major cities in mainland China unveiled easing measures to boost homebuyer sentiment, following the central bank's blitz of policy stimulus. The Guangzhou city government said in a notice on Sunday that all restrictions on home purchases would be removed, effective from Monday. China Overseas Land & Investment and China Vanke climbed 5.06% and 12.89%. Mainland China's CSI 300 surged 6% Monday, after the index logged its best week in almost 16 years on Friday. The easing measures follow the central government's call last week to combat the property slump last week.

Persons: Noel Celis, China Vanke, Allen Feng, Gary Ng, Ng, Xi Jinping Organizations: HK, Afp, Getty, Mainland Properties, Longfor Group Holdings, Hang Lung, China Resources, ., . China Overseas Land & Investment, China's CSI, CSI, People's Bank of Locations: Guangzhou, China's, Guangdong, China, Shanghai, Hong Kong, . China, —, Beijing, People's Bank of China

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