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☆ A 33-year-old who built up a 6-figure net worth through 'lazy investing' says even though 2022 was a 'a decidedly bad year for investors,' he didn't change his investment strategy. Here's what his por
▼ + stars: | 2023-08-20 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +5 min

After paying off $42,000 worth of debt, he got serious about investing and built up a six-figure net worth through "lazy investing" while saving for his first home simultaneously. He reacted to the 2022 downturn similarly to how he did when the stock market crashed in 2020: apathetically. These are Vanguard, Fidelity, and Schwab's total stock market index funds. Another component of the lazy investing strategy is periodic rebalancing. It probably shouldn't be any more than four times a year because then the 'lazy investing' turns a bit too hands on."

Persons: Jesse Cramer, Berkshire Hathaway, Cramer, haven't, I'm, hasn't, they're, Cramer rebalances, it's, Berkshire Hathaway Cramer doesn't, Warren Buffett, Charlie Munger, Hathaway, I'd Organizations: Berkshire, Vanguard, Fidelity Locations: Berkshire

☆ S&P 500, Treasurys or Berkshire Hathaway? Here's where value investor Guy Spier would put his money
▼ + stars: | 2023-08-18 | by ( Ganesh Rao | ) www.cnbc.com time to read: +3 min

Renowned value investor Guy Spier weighed in on CNBC's Pro Talks on whether it's better to put your money in an S & P 500 index fund , in U.S. Treasurys , or in shares of Berkshire Hathaway for the long run. Asked whether he would invest in the S & P 500 or Buffett's Berkshire Hathaway stock for the rest of his life, Spier said the question poses a false choice that investors don't need to make. Rather than picking one over the other, Spier suggests dividing the investment 50-50 between the S & P 500 and Berkshire, then rebalancing positions at the end of each year. A small risky bet may be acceptable for an investor, if it represents a tiny percent of their overall portfolio. That compares to the S & P 500 ′s 8.2%, the MSCI World 's 6.9%, and the FTSE 100 ′s 3.6%.

Persons: Guy Spier, Berkshire Hathaway, Spier, Warren Buffett Organizations: CNBC's, Berkshire, Buffett, Berkshire Hathaway Locations: U.S, Berkshire

☆ 10-year yield could rise to 4.5% as Treasury rebalancing continues, warns Damped Springs CEO
▼ + stars: | 2023-08-17 | 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 Email10-year yield could rise to 4.5% as Treasury rebalancing continues, warns Damped Springs CEOAndy Constan, Damped Spring Advisors CEO, joins 'Fast Money' to talk movement in the bond space, Treasury yields nearing 16-year highs and more.

Persons: Treasury rebalancing, Andy Constan Organizations: Treasury

☆ It Is Impossible to Break Your Phone Addiction Now
▼ + stars: | 2023-08-15 | by ( Paris Marx | ) www.businessinsider.com time to read: +12 min

In many ways, we've so thoroughly integrated the devices into our lives, it's become impossible to break free. It's not just people's personal lives that are affected, but their work lives, too. To enter the store, customers need to download a separate app, connect it to their Amazon account, load a credit card, and swipe into the location. Instead, it lets customers register to scan their own items while they shop and pay from their phone. When internet connections aren't reliable, phone batteries run low, or you don't have a smartphone, these changes actually make everything much harder.

Persons: Steve Jobs, —, it's, Lola Shub, would've, we're, Shub, we've, rehire, they've, Paris Marx Organizations: Luddite, Club, The New York Times, Amazon, Tesco, Washington Examiner, National Zoo, team, Washington Nationals, Apple, Google, Australia, Transportation Locations: Brooklyn, New York City, London, United Kingdom, United States, Washington , DC, Canada, San Francisco, Philadelphia, Paris

Aug 14 (Reuters) - Oil prices declined more than 1% on Monday as concerns about China's faltering economic recovery and a stronger dollar weighed against seven weeks of gains on tightening supply from OPEC+ output cuts. A stronger dollar pressures oil demand by making the commodity more expensive for buyers holding other currencies. It has been singularly focused on U.S. economic optimism, to the exclusion of the increasingly stronger headwinds blowing in the eurozone and China," said Vandana Hari, founder of oil market analysis provider Vanda Insights. "A rebalancing is overdue but it may need a reality check in the markets stateside," Hari said. In the United States, the number of operating oil rigs held steady at 525 last week, after falling for eight weeks in a row, according to Baker Hughes weekly report.

Persons: Vandana Hari, Hari, Tina Teng, Brent, Baker Hughes, Florence Tan, Mohi Narayan, Tom Hogue, Sonali Paul Organizations: Brent, West Texas, U.S, Federal, Vanda Insights, CMC, Organization of, Petroleum, International Energy Agency, Thomson Locations: China, OPEC, Saudi Arabia, Russia, Russian, Ukraine, United States, Singapore, New Delhi

Aug 14 (Reuters) - Oil prices eased on Monday as concerns about China's faltering economic recovery and a stronger dollar weighed against seven weeks of gains on tightening supply from OPEC+ output cuts. A stronger dollar pressures oil demand by making the commodity more expensive for buyers holding other currencies. "A rebalancing is overdue but it may need a reality check in the markets stateside," Hari said. In the United States, the number of operating oil rigs held steady at 525 last week, after falling for eight weeks in a row, according to Baker Hughes weekly report. Reporting by Florence Tan in Singapore and Mohi Narayan in New Delhi; Editing by Sonali Paul and Tom HogueOur Standards: The Thomson Reuters Trust Principles.

Persons: Vandana Hari, Hari, Tina Teng, Brent, Baker Hughes, Florence Tan, Mohi Narayan, Sonali Paul, Tom Hogue Organizations: Brent, West Texas, U.S, Federal, Vanda Insights, CMC, Organization of, Petroleum, International Energy Agency, Thomson Locations: China, OPEC, Saudi Arabia, Russia, Russian, Ukraine, United States, Singapore, New Delhi

There are multiple types of index funds, including:Broad market index funds: Index funds that try to track the overall performance of an entire asset class throughout the entire stock market. Fixed-income and debt index funds: Index funds that track bond indices for low expense ratios. International index funds: Index fund that invests funds in assets outside of the US. Sector-based index funds: Index funds that invest funds in a specific sector of the market, such as technology or even certain company services. Socially responsible index funds: Similar to sector-based index funds, socially responsible index funds invest specifically in companies that focus on environmental, social, and governance (ESG) services.

Persons: Warren Buffett, It's, Julian Schubach, Louis, Ameritrade, Charles Schwab, you've, Schwab Organizations: Service, Independence, US, Rutgers, Nasdaq, Nasdaq Stock Market Dow, NYSE, New York Stock Exchange, U.S, Federal Reserve Bank of St, Market, Fidelity, Vanguard, Chevron Locations: Wall, Silicon, Chevron

REUTERS/Dado Ruvic/IllustrationBENGALURU, Aug 3 (Reuters) - The U.S. dollar will hold its ground against most major currencies over the coming three months as a resilient domestic economy bolsters expectations interest rates will remain higher for longer, according to FX strategists polled by Reuters. The dollar is unlikely to give up recent gains in coming months, according to the July 31-Aug. 2 Reuters poll of 70 FX strategists, which showed most major currencies would not reclaim their recent highs for at least six months. In response to an additional question, 27 of 40 FX strategists said net short USD positions would either not change much or decrease over the coming month, suggesting the dollar would be rangebound. Typically, these conditions often coincide with a more negative dollar outlook," said Kamakshya Trivedi, head of global FX at Goldman Sachs. At this point in time I wouldn't say so," said ECB President Christine Lagarde last week after delivering a widely anticipated 25 basis points (bps) rate increase.

Persons: Dado Ruvic, Kamakshya Trivedi, Goldman Sachs, Christine Lagarde, Kit Juckes, Sterling, Indradip Ghosh, Shaloo Shrivastava, Sujith Pai, Veronica Khongwir, Vijayalakshmi Srinivasan, Jonathan Cable, Ross Finley, Alex Richardson Organizations: REUTERS, U.S, Reuters, greenback, Federal Reserve, Central Bank, Fed, ECB, Societe Generale, Bank of England, bps, Bank of, Thomson Locations: U.S, Bank of Japan

☆ Buy stocks like Amazon, which are undervalued and underappreciated ahead of earnings, analysts say
▼ + stars: | 2023-07-29 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Investors combing for value ahead of another big week of earnings should look no further, according to analysts. CNBC Pro looked through top Wall Street research to find stocks that are underappreciated as earnings season continues. Meanwhile chatter around the stock remains mostly balanced and positive, according to UBS. "We model an ~8% 5-yr. EPS CAGR and rate the stock buy as we believe this growth potential remains underappreciated," Serna said. ... We model an ~8% 5-yr. EPS CAGR and rate the stock buy as we believe this growth potential remains underappreciated."

Persons: Mauricio Serna, Lee, Wrangler, Serna, Jason Kupferberg, it's, Kupferberg, Matt Niknam, DigitalBridge, Niknam, Baird, Jassy, DBRG, Morgan Stanley Organizations: CNBC Pro, Kontoor Brands, International, Kontoor Brands UBS, UBS, Bank of America, Deutsche Bank, TAM

☆ China's gasoline demand peak nears as EV boom hastens transition
▼ + stars: | 2023-07-28 | by ( Mohi Narayan | Thomson Reuters | Reports On Everything How Asia S Fuel Use Recovers The Fallout Of To Tracking How The Global Energy Transition Impacts Refinery Expansion Plans | ) www.reuters.com time to read: +5 min

The International Energy Agency (IEA) and consultancy Rystad Energy have brought forward forecasts of China's peak gasoline demand by about a year to 2024, while Chinese state majors PetroChina and Sinopec (600028.SS) see it in 2025. The earlier halt in gasoline demand growth in the world's No. Reuters GraphicsAs a result of accelerating EV sales, Paris-based IEA now expects Chinese gasoline demand to peak in 2024 at about 3.7 million barrels per day (bpd), bringing forward an earlier projection of demand plateauing in 2025/2026. The research arm of China's state refiner CNPC expects gasoline demand to peak in 2025, citing accelerating sales of EVs, and sees gasoline demand shrinking 2.3% annually between 2026 and 2030. China's massive move into petrochemicals is already causing a glut globally, prompting companies to shift investments to high-end energy transition materials.

Persons: Aly, refiners, Toril Bosoni, EV's, Gaurav Batra, Mukesh Sahdev, Ma Yongsheng, Mohi Narayan, Carman Chew, Matthew Chye, Chen Aizhu, Zoey Zhang, Andrew Hayley, Florence Tan, Sonali Paul Organizations: Porsche, Auto Shanghai, REUTERS, International Energy Agency, Rystad Energy, China Association of Automobile Manufacturers, Reuters Graphics, Reuters, China, Shenghong Petrochemical, Energy, Graphics, Thomson Locations: Shanghai, China, Jan, Sinopec, Asia, Reuters Graphics China, Paris, U.S, North America, India, Sun, New Delhi, Singapore, Beijing

LONDON, July 26 (Reuters) - Even as fears of a 2023 U.S. recession recede and stock market bears concede defeat, there's scant sign of party mode. After wild swings of output, prices, employment, liquidity and interest rates, firm convictions about the precise onset of "technical" recessions - or even previously reliable gauges of bull and bear markets - have all become a bit suspect. Whether on a domestic or global scale, aggregate views of the economy, or stock market, right now are likely misleading. A bull to bear market and back again in little over 18 months - or so it seems. SP 500 2023 YTD THROUGH JULY 21BLUNTEDChief among the puzzles is the variable impact of sharply higher interest rates on both households and firms.

Persons: Morgan Stanley's, Mike Wilson, Wilson, Morgan Stanley, Andrew Lapthorne, Russell, Mike Dolan Organizations: Reuters Graphics, Barclays, International Monetary Fund, Tuesday, eventual, San Francisco Federal Reserve, Generale, Fed, Reuters, Twitter, Thomson Locations: U.S, midyear

☆ Morning Bid: Big Tech litmus test as Fed gather
▼ + stars: | 2023-07-25 | by ( ) www.reuters.com time to read: +4 min

The wider blue-chip CSI 300 Index (.CSI300) snapped a six-day losing streak to pop 3% and buying from state banks propped the yuan. Both oil and Treasury yields gave back some of those gains again today, however, with year-on-year crude price declines still tracking more than 21%. There was little ostensible reaction to the formal rebalancing of the Nasdaq 100 (.NDX) index that pared weightings of several of the big caps to reduce "over-concentration". The approach of Wednesday's Fed decision may limit market moves until then. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

Persons: Mike Dolan, sagged, Dow Jones bluechips, Alphabet's, Clark, Chubb, Paccar, Sherwin, Williams, Archer, Ed Osmond Organizations: Big Tech, Microsoft, Federal Reserve, European Central Bank, ebbing, Nasdaq, Google, Texas, NextEra Energy, Visa, GE, GM, Dow, Verizon, Universal Health, Daniels, Richmond Fed, Philadelphia Fed, Federal, Market, Monetary Fund, Treasury, Reuters, Thomson Locations: U.S, Hong, Europe, China, Danaher, Corning, Kimberly, Biogen, Dover, Nucor, Midland

The S&P 500 climbed 0.03% to end at 4,536.34 points. For the week, the S&P 500 added 0.7%, the Nasdaq fell 0.6% and the Dow rose 2.1%. American Express (AXP.N) fell 3.9% after the credit card giant missed quarterly revenue estimates and affirmed its full-year profit forecast. SLB (SLB.N) declined 2.2% after the top oilfield services firm missed quarterly revenue expectations due to moderating drilling activity in North America. Advancing issues outnumbered falling ones within the S&P 500 (.AD.SPX) by a 1.5-to-one ratio.

Persons: AmEx, Jake Dollarhide, Noel Randewich, Bansari Mayur Kamdar, Johann M, Shinjini Ganguli, Richard Chang Organizations: Nasdaq, Dow, Dow Jones, Procter & Gamble, Chevron, Longbow, Management, Nvidia, Netflix, American Express, Thomson Locations: Tulsa , Oklahoma, North America, Oakland, Bengaluru

☆ Global shares slip, dollar soars vs yen on BoJ policy expectations
▼ + stars: | 2023-07-21 | by ( Herbert Lash | ) www.reuters.com time to read: +5 min

[1/3] Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., July 19, 2023. The yen weakened 1.19% to 141.77 per dollar, while the dollar index , a measure of the greenback against major trading currencies, rose 0.31%. "None of them are happening with massive severity, but the longer we go on with higher rates, more and more that's going to come through," he said. BOJ policymakers prefer to scrutinize more data to ensure wages and inflation keep rising before changing yield control policy, five sources familiar with the matter said. "Markets were building up expectations which now look unlikely to play out," said Guillaume Paillat, a multi-asset manager at Aviva Investors.

Persons: Brendan McDermid, BoJ, Dow, Garrett Melson, Mullarkey, Patrick Spencer, Guillaume Paillat, Brent, Herbert Lash, Naomi Rovnick, Stella Qiu, Conor Humphries, David Holmes, Marguerita Choy, Cynthia Osterman Organizations: New York Stock Exchange, REUTERS, Fed, ECB, Reuters, Bank of Japan, U.S . Federal Reserve, European Central Bank, Nasdaq, Investment, Microsoft Corp, Apple Inc, SLC Management, Baird, Microsoft, Apple, NYSE, Aviva Investors, Treasury, Thomson Locations: New York City, U.S, Boston, London, MSCI's U.S, Europe, China, Sydney

Gold prices slipped as the dollar rebounded to its highest level in more than a week as investors prepare for next week's big central bank policy meetings, including the BoJ, the U.S. Federal Reserve and the European Central Bank. The yen weakened 1.13% to 141.68 per dollar, while the dollar index , a measure of the greenback against major trading currencies, rose 0.36%. BoJ policymakers prefer to scrutinize more data to ensure wages and inflation keep rising before changing yield control policy, five sources familiar with the matter said. The report added there was no consensus within the central bank and the decision could still be a close call. As Japanese inflation has stayed above the BoJ's target, traders have bet on the central bank ditching its yield curve control program, a move likely to cause the yen to strengthen.

Persons: Brendan McDermid, BoJ, Garrett Melson, Patrick Spencer, Spencer, you've, Guillaume Paillat, Brent, Herbert Lash, Naomi Rovnick, Stella Qiu, Conor Humphries, David Holmes, Marguerita Choy Organizations: New York Stock Exchange, REUTERS, Fed, ECB, Reuters, Bank of Japan, U.S . Federal Reserve, European Central Bank, Investment, Nasdaq, Baird, Microsoft Corp, Apple Inc, NYSE, Aviva Investors, Treasury, Thomson Locations: New York City, U.S, Boston, Europe, China, London

Meanwhile, the tech-heavy Nasdaq (.IXIC) lagged in the previous session as earnings reports from Tesla (TSLA.O) and Netflix (NFLX.O) failed to dazzle. The megacap electric automaker recovered 1.1% in premarket trading on Friday, while the streaming video company edged higher. The NYSE FANG+TM index (.NYFANG) that houses the megacap growth names also closed 4.6% lower in the previous session, notching its worst day so far in 2023. ET, Dow e-minis were up 13 points, or 0.04%, S&P 500 e-minis were up 11 points, or 0.24%, and Nasdaq 100 e-minis were up 73.75 points, or 0.47%. Reporting by Bansari Mayur Kamdar and Johann M Cherian in Bengaluru; Editing by Shinjini GanguliOur Standards: The Thomson Reuters Trust Principles.

Persons: Johnson, Powell, David Mericle, Goldman Sachs, Toymaker Mattel's, Morgan Stanley, Bansari Mayur Kamdar, Johann M, Shinjini Organizations: Mattel, Dow, Nasdaq, Johnson, Tesla, Netflix, NYSE, Dow e, American Express, Investors, Thomson Locations: Bengaluru

ORLANDO, Florida, July 20 (Reuters) - Chinese stocks have traded at a discount to global peers for over a decade but have rarely been cheaper than they are now. The fact that U.S. equities are more expensive than Chinese stocks is nothing new. At minimum, investors will need clearer evidence of a turnaround in China's economic and market conditions before moving back into its equities in any great size. The era of double-digit annual GDP growth looks to be over, and challenges are multiple and mounting. Nominal annual GDP growth of 4.8% in the second quarter was lower than real GDP growth of 6.3%, a huge deflation red flag.

Persons: Goldman Sachs, China's, Zhang Zhiwei, Zhang Dandan, Jamie McGeever, Jamie Freed Organizations: Nasdaq, NYSE, Monetary Fund, Citi, Bank of America, Societe Generale, Peking University, Wall, Reuters, Thomson Locations: ORLANDO, Florida, China, United States, U.S, Beijing, India

☆ There is short-term downside risk for the US mega-cap tech stocks: CIO
▼ + stars: | 2023-07-21 | 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 EmailThere is short-term downside risk for the US mega-cap tech stocks: CIONed Bell of Bell Asset Management says the upcoming Nasdaq rebalancing could trigger a retreat of the "Magnificent Seven" tech stocks.

Persons: Ned Bell Organizations: Bell Asset Management, Nasdaq

☆ The Dow edges up again, but stay vigilant with the market overbought
▼ + stars: | 2023-07-21 | by ( Kevin Stankiewicz | In Kevinstankiewicz | ) 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. Our bigger concern Friday is that the stock market remains overbought, according to the S & P 500 Short Range Oscillator , so investors should keep stay vigilant in the event of a pullback. 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, Dow, Jim Cramer's, Jim Organizations: CNBC, Starbucks Watch, Dow, Dow Jones, Nasdaq, Exchange, Starbucks, Bank of America, Starbucks —, GE Healthcare, Microsoft, Google, Procter & Gamble, Fed Locations: China, SBUX

The tech-heavy Nasdaq (.IXIC) lagged Wall Street peers in the previous session as earnings reports from Tesla (TSLA.O) and Netflix (NFLX.O) failed to dazzle. The NYSE FANG+TM index (.NYFANG), that houses the megacap growth names, rose 0.5 on Friday, after falling 4.6% in the previous session and posting its worst day in 2023. American Express (AXP.N) fell 5.0% after the credit card giant missed quarterly revenue expectations and kept its forecast for full-year profit unchanged, which unnerved investors. SLB (SLB.N) shed 2.3% as the top oilfield services firm missed quarterly revenue expectations due to moderating drilling activity in North America. The S&P index recorded 26 new 52-week highs and no new lows, while the Nasdaq recorded 51 new highs and 22 new lows.

Persons: AmEx, Dow, Johnson, Hogan, Bansari Mayur Kamdar, Johann M, Shinjini Organizations: Dow, Nasdaq, Johnson, Riley, Tesla, Netflix, NYSE, Dow Jones, American Express, Investors, Thomson Locations: North America, Bengaluru

☆ The Investing Club's top 10 things to watch in the stock market Friday
▼ + stars: | 2023-07-21 | by ( Jeff Marks | ) www.cnbc.com time to read: +4 min

The Club's top 10 things to watch Friday, July 21 1. Morgan Stanley raised its price target on Eli Lilly to $560 a share, up from $551. KeyBanc raised its price target on Club holding Palo Alto Networks (PANW) to $285 a share, from $242, while maintaining an overweight weighting on the stock. Stifel raised its price target on Club holding Meta Platforms (META) to $336 a share, from $280, while maintaining a buy rating on the stock. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

Persons: it's, Z, Morgan Stanley, Eli Lilly, KeyBanc, SLB, Halliburton, SVB Leerink, Johnson, Stifel, DA Davidson, Jim Cramer's, Jim Cramer, Jim Organizations: Nasdaq, American Express, Novo Nordisk, Palo Alto Networks, Johnson, . Railroad, CSX, Microsoft, Jim Cramer's Charitable, CNBC Locations: millennials

☆ Netflix and Tesla stock will work their way back up after Thursday's plunge, Cramer says
▼ + stars: | 2023-07-20 | by ( Julie Coleman | ) www.cnbc.com time to read: +2 min

CNBC's Jim Cramer said he thinks tech giants Netflix and Tesla will be only temporarily dinged by their stocks' drops on Thursday and will rebound. He said Netflix is transforming its business model into a streaming service with a cheaper subscription plan that includes advertisements. According to Cramer, Netflix has shown that it can make more money with consumers using its ad-tier plan than its pricier traditional subscription. He said he thinks this plan will enable Netflix to raise its subscription prices while also making money on ads. Although the project is still in its infancy, Cramer thinks it will be a game-changer for Netflix's profitability.

Persons: CNBC's Jim Cramer, Tesla, Elon Musk, Cramer, you've, shouldn't, we've Organizations: Netflix, Tesla, Nasdaq

☆ Ghosn says Nissan, Renault are going for mini alliance with rebalancing deal
▼ + stars: | 2023-07-18 | by ( ) www.reuters.com time to read: 1 min

TOKYO, July 18 (Reuters) - Former Nissan Motor (7201.T) chairman Carlos Ghosn said on Tuesday the Japanese automaker and Renault (RENA.PA) are trying to go for "very small and reduced" cooperation between them with a deal to overhaul their long-standing alliance. "With the latest agreement, they're trying to go for a mini alliance with a very reduced scope of cooperation," Ghosn told reporters in Tokyo via video stream. Nissan and Renault are holding discussions about a final agreement to overhaul their alliance, after announcing in January that the deal will see Renault bring down its stake in Nissan to 15% from about 43% to put them on an equal level. Reporting by Daniel Leussink; Editing by Muralikumar AnantharamanOur Standards: The Thomson Reuters Trust Principles.

Persons: Carlos Ghosn, Ghosn, Daniel Leussink, Muralikumar Organizations: Nissan, Renault, Thomson Locations: TOKYO, Tokyo

☆ Instant View: China's Q2 GDP growth slows to 0.8% q/q, raises stimulus expectations
▼ + stars: | 2023-07-17 | by ( ) www.reuters.com time to read: +11 min

"Consumers are not spending, mainly driven by the bleak outlook for the property market. Disappointing retail numbers and property market sales show it doesn't seem that the boost from rate cuts is sufficient. ..the property market is beginning another slowdown - the government will have to come up with more stimulus for property." "Nonetheless, we think more stimulus is required to stabilise and restore confidence in the property market." ZHIWEI ZHANG, CHIEF ECONOMIST, PINPOINT ASSET MANAGEMENT, HONG KONG"Nominal GDP growth turns out to be lower than real GDP growth in Q2, the first time since comparable data are available in Q4 2016.

Persons: CHRISTOPHER WONG, LOUIS KUIJS, CAROL KONG, XING ZHAOPENG, KEN CHEUNG, ALVIN TAN, VISHNU VARATHAN, MARCO SUN, CHEN, TONY SYCAMORE, ZHIWEI ZHANG, JING LIU Organizations: Gross, National Bureau, Statistics, Shanghai, NBS, BANK OF, ANZ, MIZUHO BANK, OF, OF ASIA FX, RBC, MUFG BANK, IG, SYDNEY, Friday's, BANK OF SINGAPORE, HSBC, stoke, Authorities, Reuters, U.S, Thomson Locations: U.S, SINGAPORE, ASIA, HONG KONG, SYDNEY, CHINA, SHANGHAI, OF ASIA, China

☆ Nothing can keep tech down. Here's how that affects our thinking about stocks
▼ + stars: | 2023-07-17 | by ( Matthew J. Belvedere | ) 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. Big Tech keeps getting price target hikes Watch for earnings from three Club names Not all semis are liked as much as Nvidia 1. Big Tech gets price target hikes Stocks look like they're trying for gains Monday after strong weekly performances for the Dow , the S & P 500 and the Nasdaq . 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, MSFT, Morgan Stanley, Wells Fargo, Johnson, Jim Cramer's, Jim Organizations: CNBC, Big Tech, Nvidia, Dow, Nasdaq, Microsoft, Wall Street, Halliburton, HAL, Nvidia Citi, Citi, Devices, Jim Cramer's Charitable Locations: India, Wells

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