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☆ Maersk slumps 7% as the end of U.S. port strikes weighs on European shipping stocks
▼ + stars: | 2024-10-04 | by ( Karen Gilchrist | ) www.cnbc.com time to read: +1 min

An aerial view of the Dundalk Marine Terminal October 03, 2024 in Baltimore, Maryland. Shares of Moller-Maersk slumped more than 8% on the Friday market open as European shipping companies fell on the conclusion of a U.S. port strike. A prolonged strike would have provided a boost for European shippers to take a larger share of global supply chain demands. Maersk shares pared losses slightly to trade down 7.05% by 9:05 a.m. London time. Thursday's deal ended a strike that had choked U.S. East Coast and Gulf Coast ports since the start of the week and threatened U.S. supply of fruits, pharmaceuticals and automobiles, among other goods.

Persons: Germany's Hapag Lloyd, Nagel Organizations: Dundalk Marine, Moller, Maersk, U.S, dockworkers, United States Maritime Alliance, International Longshoremen's Association Locations: Dundalk, Baltimore , Maryland, U.S, London, Swiss, East Coast, Gulf Coast

☆ Costco is now selling platinum bars for $1,089
▼ + stars: | 2024-10-03 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +1 min

New York CNN —Costco is expanding the collection of precious metals it sells, with the addition of platinum. platinum bars for $1,089.99 on its website, but a Costco membership is required for purchase. Costco is trying to replicate its recent success with gold bars, with platinum joining the extensive list of precious metals that collectors are snapping up at the retailer. In 2023, it began selling gold bars and sold more than $100 million worth of the bars during the first quarter of that year, the company said in its earnings report. After all, not many people are actually stashing away gold bars in their homes.

Persons: Lady Fortuna, “, ” Organizations: New, New York CNN, Costco Locations: New York

☆ Louis Vuitton owner LMVH clinches 10-year sponsorship deal with Formula 1
▼ + stars: | 2024-10-03 | by ( ) edition.cnn.com time to read: +1 min

French luxury giant LVMH has struck a 10-year sponsorship deal with Formula 1, covering its Louis Vuitton, Moet Hennessy and TAG Heuer brands and replacing long-time sponsor Rolex, the company announced Wednesday. The sponsorship deal comes into effect in 2025 and marks a fresh push by LVMH into sports. The company, headed by one of the world’s richest men, Bernard Arnault, paid some €150 million ($166 million) to be the premium sponsor of the Paris Olympics. At the Paris Olympics, LVMH and other companies broadened the realm of traditional brand sponsorship, taking part in medals ceremonies, for example. The company’s sponsorship of the Paris Olympics included its jeweler Chaumet, which designed medals for the event, with each containing an original piece of the Eiffel Tower.

Persons: Louis Vuitton, Moet Hennessy, Bernard Arnault, ”, LVMH, Frederic Arnault, ” LVMH, Chaumet Organizations: Louis, TAG, Rolex, Paris Olympics, Paris, Eiffel Locations: Swiss, LVMH

Compare the Top Credit Cards With Free Airport Lounge AccessCapital One Venture X Rewards Credit Card Apply now lock icon An icon in the shape of lock. Credit Cards with Free Airline Lounge Access ReviewsChase Sapphire Reserve®The Chase Sapphire Reserve® is one of Business Insider's picks for all-around top travel credit cards. Capital One Venture X Rewards Credit CardThe Capital One Venture X Rewards Credit Card is one of the most powerful travel credit cards on the market. One of the Best Credit Cards for Airport Lounges is No Longer Available (But You Can Get it Anyway)The Ritz-Carlton™ Credit Card is perhaps the best travel credit card that isn't on the market. If you request it, Chase can convert your existing Chase-issued Marriott credit card, such as the Marriott Bonvoy Bold® Credit Card or Marriott Bonvoy Boundless® Credit Card , into the Ritz-Carlton Card.

Persons: we've, We've, Chase Travel ℠, Chase, Uber, Wiley, Julie Mehretu, Peacock, Uber Cash, Hilton, that's, Marriott, Regis, Sapphire, John F, Kennedy, Insider's, It's, they'll, you'll, Read, You'll, Conrad, you've, Carlton Card, HBO Max, Insider’s, SYD, Miles, Joseph Hostetler, Joseph, Guy, Angela Fung Organizations: Business, Hilton, Card, Citi ®, Mastercard, Marriott, Alaska Airlines, Capital, One, Chase, Chase Travel, Sapphire, Chase Sapphire, TSA, FDIC, Express, American Express, Saks, American, Entertainment, Disney, ESPN, The New York Times, Street, Walmart, Global, Saks Fifth, Hilton Honors, Elite, Marriott Bonvoy, Ritz, Carlton, TSA PreCheck, Cell, New Hampshire Insurance Company, AIG Company, Delta SkyMiles ®, Delta, Delta Sky Clubs, ®, SkyMiles ®, Delta Sky Club, Delta Sky, U.S, Delta SkyMiles, United, United ®, United Club, American Express Chase, American Express Card, Citi, Centurion, Fort, Dulles, Washington Dulles, Sapphire Reserve, DoorDash, Chase Sapphire Reserve, Lufthansa, Austrian Airlines, Amex, Resorts, Dell, Adobe, Diamond, Waldorf, Aspire, Delta Reserve, Star Alliance, United Airlines, Polaris, United Polaris, The, Premier, Admirals Club, American Airlines, Airlines, Citi AAdvantage, Chase Ritz, Hilton Honors American, Hilton Gold, Gold, Honors American, Online Retail, ℠, NEXUS, EV, Netflix, Hulu, Spotify, Apple Music, HBO, Bank, Sydney, Finance Locations: Hulu, AmexTravel.com, Caribbean, delta.com, Canada, Delta, U.S, Hong Kong, Boston, LaGuardia, Austin, Dallas, Fort Worth, DFW, Denver, Washington, New York, JFK, San Diego, Las Vegas, Phoenix, Philadelphia, Capital, Hilton, Marriott, United, airfare, Airport, Charlotte, Miami, London

☆ Costco is selling platinum bars as it expands its precious-metals business after huge success selling gold
▼ + stars: | 2024-10-03 | by ( Matthew Fox | ) www.businessinsider.com time to read: +3 min

Costco is selling 1-ounce platinum bars online for $1,090. The move comes about a year after the retail giant started selling gold bars and silver coins. AdvertisementCostco is diversifying its precious-metals business by selling 1-ounce bars of platinum for $1,090. "I have purchased gold coin and bars, this is 1st I spotted the platinum bar on here. Advertisement"I've gotten a couple of calls that people have seen online that we've been selling gold — 1-ounce gold bars," Costco CFO Richard Galanti said in an earnings call last year.

Persons: —, Lady Fortuna, Richard Galanti, Edward Kelly Organizations: Costco, Service, Business Locations: Wells Fargo

☆ Costco adds platinum bars to its precious metals lineup
▼ + stars: | 2024-10-02 | by ( ) www.nbcnews.com time to read: +1 min

Costco continues to chip away at the gold mine that is the precious metals market. The wholesaler is adding Swiss-made platinum bars to its selection. Costco on Wednesday announced the 1-ounce platinum bars, on sale for $1,089.99 on its website alongside its now-famed gold bars and silver coins. Gold bars launched at Costco in August 2023, and not even two months later were selling out within hours of a restock. Analysts at Wells Fargo reported in April that Costco was selling as much as $200 million worth of gold bars a month.

Persons: It’s, “ I’ve, ”, Richard Galanti, —, Jeff Cox Organizations: Costco, Wednesday Locations: Swiss, Louisiana , Nevada, Puerto Rico, Wells

☆ A junk dealer found a painting in a basement. Experts say it’s an original Picasso
▼ + stars: | 2024-10-02 | by ( Barbie Latza Nadeau | ) edition.cnn.com time to read: +4 min

CNN —A painting discovered by a junk dealer in the basement of an Italian villa six decades ago is actually the work of Pablo Picasso and could sell for millions, according to experts. At just 24, Lo Rosso didn’t appreciate that the signature in the upper left corner of the artwork that read simply “Picasso” meant anything, his son Andrea Lo Rosso told CNN on Tuesday. The older Lo Rosso, who died in 2021, stuck it in a cheap frame and gave it to his wife — much to her chagrin, his son said. Finally, last month Cinzia Altieri, a graphologist for a patrimony court in Milan, was able to certify the Picasso signature as authentic. “I’m happy but let’s wait to toast, there is still one step to take before we consider this incredible story over,” Andrea Lo Rosso said.

Persons: Pablo Picasso, Luigi Lo Rosso, Lo Russo, Andrea LoRosso, Dora Maar, Luca Gentile, Lo Rosso, Andrea Lo Rosso, —, wasn’t, ” Andrea Lo Rosso, Picasso, Picasso’s, Maar ”, Altieri, ”, Marcante, CNN he’s, “, ” CNN’s Organizations: CNN, Arcadia Foundation, Picasso Foundation Locations: Pompeii, Italy, Capri, Swiss, Golfe, Juan, France, Spanish, Milan, Paris

☆ Dollar firm as war widens in Middle East
▼ + stars: | 2024-10-02 | by ( ) www.cnbc.com time to read: +2 min

The dollar held its sharpest gain in a week on Wednesday after an Iranian missile attack on Israel drove buying of safe assets as investors fretted about the widening of conflict in the Middle East. The dollar held its sharpest gain in a week on Wednesday after an Iranian missile attack on Israel drove buying of safe assets as investors fretted about the widening of conflict in the Middle East. The bid for safety kept the yen broadly steady at 143.45 per dollar and the Swiss franc at 0.8463 per dollar. The New Zealand dollar was nursing a 1.1% overnight fall at $0.6283 and oil prices had jumped 2.5%. Westpac strategist Imre Speizer said the Middle East was unpredictable but that in the absence of escalation market sentiment could recover and focus return to economics.

Persons: Sterling, Imre Speizer, Tim Walz, JD Vance Organizations: Swiss, New Zealand, U.S, Iran's Revolutionary Guard Corps, Hezbollah, ANZ, Westpac, BNZ, Gulf Coast dockworkers Locations: Iranian, Israel, Early Asia, Iran, Lebanon, Asia, New Zealand, dockside, East, Gulf Coast

☆ Champions League Briefing: Arsenal’s statement win – and why so many thrashings?
▼ + stars: | 2024-10-01 | by ( Tim Spiers | ) www.nytimes.com time to read: +12 min

If you like your European midweek football this is the week for you, with 54 Champions League, Europa League and Conference League matches being crammed into three nights. The Champions League kicked things off with some of the competition’s favourites beginning to bare their teeth. It was also, incredibly, their 31st defeat from 37 Champions League group stage away games. Ilkay Gundogan, Phil Foden, Erling Haaland and a first Champions League goal for James McAtee saw City get their first win of this year’s competition. They lost a number of key players in the summer and can’t even play Champions League games at their own home, with the 15,000 capacity Stade Francis-Le Ble not up to Champions League standards (they’re hosting matches at Guingamp’s Stade du Roudourou instead).

Persons: Olivier Giroud, Germain, Luis Enrique, Mikel Arteta’s, Nuno Mendes, Joao Neves, Kai Havertz, Gianluigi Donnarumma, Leandro Trossard’s, l, e, sid e, Rob e, Lew, Rea, ’, Camara, enki, – they, night., ashe, hal f, alf of a, Brendan R, c Roy, are, tim e, eason, Francis, Le Bl, ning, Bayer, ade 0 P, 45pm E, ina Organizations: Champions League, Europa League, Conference League, League, Arsenal, Manchester City, Borussia Dortmund, Brest, Bayern Munich, Paris Saint, Emirates, sco, RIM, rit, UE, eni, Graz, Salzburg …, pla Locations: Barcelona, Emirates, Nis, goa, Zagreb, Ata, Brest, Austria, Red Bul, arta

☆ Switzerland-Italy border to partly shift as glaciers melt
▼ + stars: | 2024-10-01 | by ( Laura Paddison | ) edition.cnn.com time to read: +2 min

While national boundaries are often thought of as fixed, large sections of the Swiss-Italian border are defined by glaciers and snow fields. “With the melting of the glaciers, these natural elements evolve and redefine the national border,” the Swiss government said in a statement Friday. The country’s glaciers lost 4% of their volume last year, second only to the record-setting 6% lost in 2022. “Some glaciers are literally falling apart, small glaciers are disappearing.”Even with the most ambitious climate action, up to half the world’s glaciers may be gone by 2100. The shifting of national borders “is one small side-effect” of glaciers melting, Huss said.

Persons: Matthias Huss, GLAMOS, ”, Huss Organizations: CNN, Swiss, ETH Zürich Locations: Italy, Switzerland, Zermatt, Swiss, Europe, Italian, “

☆ How to invest in the fourth quarter, according to the pros
▼ + stars: | 2024-10-01 | by ( Amala Balakrishner | In Amala-Balakrishner | ) www.cnbc.com time to read: +6 min

As investors ponder how — and where — to invest in this uncertain climate, CNBC Pro asked market experts how they are positioning before the year-end. 'Capitalize on the shifting market dynamics' The fourth quarter is starting hot on the heels of central banks' rate easing cycle. "There is an interesting valuation point about U.K. equities, and given recent positive economic surprises that present potential upsides, we feel this is an attractive market." "International investors owning U.K. equities and not hedging the currency, either win on the currency strength gains or win on the equity market." Other markets Beyond the U.K., Hechler-Fayd'herbe sees potential in emerging markets such as Taiwan and South Korea.

Persons: Kevin Teng, Teng, —, Europe —, he's, Morgan Stanley, Lombard, Nannette Organizations: Equity, CSI, Treasury, Wrise Private Singapore, CNBC Pro, U.S . Federal Reserve, People's Bank of China, Nvidia, Nasdaq, EMEA, CNBC, Bank of England, International Locations: Asia, East, Europe, Hong Kong, China, U.S, Swiss, Taiwan, South Korea

☆ Iran's missile attack forced some flights to turn around hours into their trips to avoid restricted airspace
▼ + stars: | 2024-10-01 | by ( Taylor Rains | ) www.businessinsider.com time to read: +3 min

Iran, Israel, and other neighboring nations closed their airspaces, forcing flight diversions. Some Lufthansa flights returned to Frankfurt several hours into their journeys to India and Dubai. AdvertisementFlightRadar24 shows Swiss and Lufthansa flights diverting amid Iran attacks on Israel on Tuesday. Several other carriers were also being forced to divert as route options remained limited between Europe, the Middle East, and Asia. AdvertisementAirlines like Japan Airlines, British Airways, and Finnair added up to four hours of flight time to avoid the Kremlin's airspace on flights between Asia and Europe amid Russian airspace closures and sanctions.

Persons: —, FlightRadar24, Finnair Organizations: Lufthansa, Service, German, Swiss, Emirates, British Airways, Royal Jordanian Airlines, El, Business, Airlines, Japan Airlines Locations: Iran, Israel, Frankfurt, India, Dubai, Jordan, Iraq, Europe, Zurich, Antalya, Turkey, Asia, London, Paris, Amman, Israeli, Rhodes, Greece, Tel Aviv, Larnaca, Cyprus, East, Russia, Ukraine

☆ Using options to bet on a comeback in the athleisure stocks
▼ + stars: | 2024-09-30 | by ( Michael Khouw | ) www.cnbc.com time to read: +5 min

Nike (NKE) and Lululemon (LULU) are two of the most well-known athleisure stocks. NKE YTD mountain Nike, year-to-date The tricky bit is that the promise of that strategic shift will not be reflected in the company's trailing results when they report this week. Buy NKE March 21 $90 call Sell Oct. 18 $95 call Why did I also include Lululemon, another athleisure laggard, in this? Unlike Nike, Lululemon is still growing, albeit slower than it had been previously. LULU YTD mountain Lululemon, Year-to-date However, Lulu is now trading about 20 times forward earnings estimates, a significantly lower multiple than Nike, trading at 26 times forward profits.

Persons: LULU, Lulu, Elliott Hill, John Donahue, Donahoe Organizations: Nike, Nike flatlined, CNBC, NBC UNIVERSAL Locations: Swiss, LULU

High risk of natural disaster and extreme heat For two decades, they’ve also been some of the most popular places to move as Americans have flocked to the South and West. Much of Vermont, which is not highlighted as high risk in the maps above, saw devastating flooding last year following a record-breaking storm. Jacksonville Tallahassee Gainesville Daytona Beach Orlando Tampa HIGH HURRICANE WIND RISK Sarasota The Tampa metro area has been one of the fastest growing in the country. Many of these new residents have settled in coastal communities that are at high risk for hurricanes. Dallas-Fort Worth sits in an area at high risk for serious thunderstorms, hailstorms and tornadoes.

A Trump campaign spokesperson referred questions about the agreement and Trump's involvement in the business endeavor to the Trump Organization. "Trump Watches are not designed, manufactured, distributed or sold by Donald J. Trump, The Trump Organization or any of their respective affiliates or principals," the website said. The website's FAQ section highlights the question, "Are these official watches by President Trump?" "These are only official Watches offered by President Trump and includes a replica of his famous signature!" Trump has promoted $60 branded Bibles in partnership with country music artist Lee Greenwood, and Trump family members have also launched a crypto platform.

Persons: WASHINGTON —, Donald Trump, Trump, Donald J, President Trump, Harris, Ammar Moussa, Trump’s, “ Donald Trump, “, Lee Greenwood Organizations: WASHINGTON, White, Trump Organization, TheBestWatchesonEarth, The Trump Organization, Trump Locations: Swiss

☆ CNBC Daily Open: A high of all-time highs
▼ + stars: | 2024-09-27 | 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. All-time high, againMajor U.S. indexes rose on Thursday, with the S&P 500 notching a fresh closing high. When the U.S. Federal Reserve cut interest rates last week, it's not unreasonable to expect Treasury yields to dip. But 55% of respondents think Trump will be better for the economy and on inflation.

Persons: Europe's, it's, they've, Jeff Cox, Sam Altman, Bret Taylor, Harris, Kamala Harris, Donald Trump, Trump Organizations: CNBC, Major, Micron, Swiss National Bank, Treasury, U.S . Federal Reserve, Altman, U.S Locations: Major U.S, China

☆ Muriel Furrer: 18-year-old cyclist dies after fall in junior road race
▼ + stars: | 2024-09-27 | by ( Thomas Schlachter | ) edition.cnn.com time to read: +1 min

CNN —Muriel Furrer, an 18-year-old cyclist, has died after suffering a serious head injury in a race, the Union Cycliste Internationale (UCI) announced Friday. Furrer was competing in the women’s junior road race at the world championships in Zurich, Switzerland, on Thursday when she was badly injured in a fall. “With the passing of Muriel Furrer, the international cycling community loses a rider with a bright future ahead of her. The 18-year-old rider fell heavily yesterday, Thursday 26 September, during the Women Junior road race, and suffered a serious head injury before being flown to hospital by helicopter in a very critical condition. “The UCI and the Organising Committee of the 2024 UCI Road and Para-cycling Road World Championships offer their sincere condolences to Muriel Furrer’s family, friends and her Federation Swiss Cycling.

Persons: Muriel Furrer, Furrer, Muriel Furrer’s, “ Muriel Furrer’s, ” Organizations: CNN, Union Cycliste Internationale, UCI, Women Junior, Zurich University Hospital, “, Federation Swiss Cycling, ” CNN, Zurich Cantonal Police Locations: Zurich, Switzerland, Para, Swiss

☆ Treasury yields hold steady as investors look to economic data, Fed speaker comments
▼ + stars: | 2024-09-26 | by ( Sophie Kiderlin | In | ) www.cnbc.com time to read: +1 min

ET, the yield on the 10-year Treasury was down by less than one basis point to 3.7791%. The 2-year Treasury yield was last at 3.5653% after rising by over one basis point. U.S. Treasury yields were little changed on Thursday as investors looked to fresh economic data and remarks from Federal Reserve officials. Economists polled by Dow Jones are expecting weekly initial jobless claims to come in at 223,000 for the most recent period. Elsewhere, the Swiss National Bank on Thursday cut its key interest rate by a quarter point, marking the third reduction this year.

Persons: Dow Jones, Jerome Powell Organizations: Treasury, Federal Reserve, Swiss National Bank Locations: U.S

☆ Further rate cuts may be necessary to stabilize inflation, says Swiss National Bank chair
▼ + stars: | 2024-09-26 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFurther rate cuts may be necessary to stabilize inflation, says Swiss National Bank chairSwiss National Bank Chairman Thomas Jordan discusses the central bank's rate decision and inflation forecast looking ahead.

Persons: Thomas Jordan Organizations: Swiss National Bank

☆ Swiss central bank cuts rates by a quarter point in third trim this year
▼ + stars: | 2024-09-26 | by ( Ruxandra Iordache | ) www.cnbc.com time to read: +4 min

A view of the headquarters of the Swiss National Bank (SNB), before a press conference in Zurich, Switzerland, March 21, 2024. It was the first major Western central bank to reduce interest rates back in March. Domestically, Swiss inflation remains subdued, with the latest headline print pointing to a 1.1% annual increase in August. Further cuts in the SNB policy rate may become necessary in the coming quarters to ensure price stability over the medium term," it added. He added that the central bank may nevertheless have to reduce rates again to retain inflation in the 0-2% target range.

Persons: exacerbation, Swissmem, SNB, Kyle Chapman, Chapman, Thomas Jordan, Jordan, Adrian Prettejohn, Prettejohn Organizations: Swiss National Bank, European Central Bank, U.S . Federal Reserve, Swiss, U.S ., ING, Ballinger Group, Reuters, Capital Economics Locations: Zurich, Switzerland, Swiss, Europe

☆ Dollar firm following sharp rebound as Fed speakers eyed
▼ + stars: | 2024-09-26 | by ( ) www.cnbc.com time to read: +4 min

Earlier this week, Chicago Fed President Austan Goolsbee said policymakers "can't be behind the curve" if the economy is to have a soft landing. Atlanta Fed President Raphael Bostic said the central bank needn't go on a "mad dash" to lower rates. Later Thursday, Fed Chair Jerome Powell gives pre-recorded remarks at a conference in New York, where New York Fed President John Williams also speaks. Boston Fed President Susan Collins and Fed Governors Michelle Bowman and Lisa Cook take to the podium at various other venues as well. Minutes from the Bank of Japan's July meeting, when the central bank raised short-term interest rates, showed policymakers were divided on how quickly the central bank should raise interest rates further.

Persons: Adriana Kugler, Austan Goolsbee, Raphael Bostic, I'm, it's, Kenneth Crompton, Jerome Powell, John Williams, Susan Collins, Michelle Bowman, Lisa Cook, NAB's Crompton, Sterling, bitcoin Organizations: Reserve, Fed, Chicago Fed, Atlanta Fed, National Australia Bank, New York Fed, Boston, Weekly U.S, Traders, Bank of Japan's, Swiss Locations: New York

The death of an American woman in an assisted suicide capsule has led to criminal proceedings being launched against several people in Switzerland. A spokesperson for the U.S. Embassy in Bern said, “We are aware of reports of the death of a U.S. citizen in Switzerland. The device is the brainchild of Philip Nitschke, an Australian physician famous for his work on assisted suicide since the 1990s. While euthanasia remains illegal, assisted suicide, as long as done without a selfish motive, is allowed under Swiss law which has led to the opening of several assisted suicide clinics in the country. In 2022, French-Swiss filmmaker Jean-Luc Godard died at his home in Switzerland after an assisted suicide.

Persons: “, Carl Sagan, Philip Nitschke, Nitschke, Jean, Luc Godard Organizations: Midwest, Schaffhausen Police, Police, NBC News, U.S, Embassy, Prevention Locations: American, Switzerland, Canton, Schaffhausen, Bern, French, Swiss

☆ The Chinese yuan surged to a 16-month high, but Beijing may not be happy about it
▼ + stars: | 2024-09-25 | by ( Huileng Tan | ) www.businessinsider.com time to read: +5 min

China's stimulus package has boosted market sentiment and pushed the Chinese yuan to a 16-month high. But a strong yuan could hurt exports, a key pillar of China's economy, amid weak domestic demand. AdvertisementChina's massive stimulus package for its battered economy has boosted market sentiment and injected confidence into the Chinese yuan. This means $1 could buy fewer Chinese yuan. A strong yuan is bad for exportsEven though a strong yuan signals confidence in China's economy, analysts aren't sure the gains will hold.

Persons: —, Pan Gongsheng, Vishnu, Varathan, Larry Hu, Hu, aren't, Pan, Macquarie's Hu Organizations: People's Bank of China, Service, US Federal Reserve, Macquarie Group, Lombard, Bloomberg Locations: Asia, Japan, China, Beijing, Swiss, China's

☆ Beijing is no longer hiding its panic about the state of its economy
▼ + stars: | 2024-09-25 | by ( Huileng Tan | ) www.businessinsider.com time to read: +5 min

The measures were significant because Beijing has been holding back on a "bazooka" stimulus even though China's economy has been struggling to stage a convincing recovery post-pandemic. To be sure, this is not the first attempt China has made at boosting its economy in the past few years. However, Beijing's display of resolve also triggered market speculation that it's alarmed and panicked over the state of its economy, which is facing multiple challenges. Related storiesNotably, even on the heels of China's big stimulus announcement, most analysts also think Beijing still needs to do more to boost China's economy, particularly in boosting gloomy domestic demand. "Onshore stocks are a policy- and momentum-driven market, and policy signals don't get much clearer than this," they wrote.

Persons: —, Pan Gongsheng, Andrew Rocco, Rocco didn't, Pan, Freya Beamish, Rory Green, Anthony Sassine, Sassine, Rocco, macroeconomy, China's CSI300 Organizations: Service, People's Bank of China, Business, Lombard, Investors, Zacks Investment Research, Global Data.TS, Yahoo Finance, Data.TS Locations: China, Beijing, Swiss, London

☆ I moved my family from the US to Switzerland 8 years ago. The difference in our quality of life is astounding.
▼ + stars: | 2024-09-24 | by ( Amy Aves Challenger | ) www.businessinsider.com time to read: +5 min

We folded seamlessly into our interconnected Swiss communityMy family didn't feel unwelcome or different in our new community. Amy ChallengerBecause of my husband's job, we quickly obtained resident permits to live in Switzerland and acquired health insurance. It eases our days and helps us stay connected to the beautiful nature around us. As the US continues to deal with extreme political divides, we're staying abroadWe are much more connected to nature in Switzerland. Earlier this year — almost eight years after moving to Switzerland — I returned to the US to stay in Manhattan with my youngest daughter.

Persons: —, Amy Challenger, we're, Switzerland — Organizations: Service, Sandy Hook Elementary, Business, South, Trump Locations: Switzerland, Lake Zurich, Africa, Asia, Europe, South America, Connecticut, Manhattan, Central Park

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