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☆ A gut health dietitian shares her weekly shopping list that makes eating 30 plants a week easy
▼ + stars: | 2024-03-07 | by ( Kim Schewitz | ) www.businessinsider.com time to read: +3 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. For Gabrielle Morse, a gut health specialist and registered dietitian at The Gut Health Clinic, that involves buying a variety of fresh fruits and vegetables each week while also keeping her store cupboard stocked with a few staples to make nutritious and tasty meals. That enables her to hit her goal of eating 30 plants — from beans, nuts, and seeds to spices and dark chocolate — a week without meal planning. However, Morse, like other gut health experts, says eating 30 different plant foods a week is best for the gut microbiome, the trillions of microbes that live in the digestive system. Research shows that people who eat a wide range of plants have a more diverse microbiome, which is associated with better gut health.

Persons: —, Gabrielle Morse, Morse, she's, Basil Rosemary, Curry Organizations: Service, Health Clinic, Business, Research Locations: Chile

☆ China just pulled the country version of a company canceling its quarterly earnings call
▼ + stars: | 2024-03-07 | by ( Huileng Tan | ) www.businessinsider.com time to read: +3 min

China has canceled a closely watched annual press conference with Premier Li Qiang. Experts suggest the move indicates Xi Jinping is attempting to control the narrative regarding China's economic health. After all, investors are looking to the event for cues on China's economy, which has been struggling to stage a convincing post-pandemic recovery. AdvertisementInstead of a sustained post-COVID boom, China's economy is beset with major problems including a property crisis , deflationary pressure , and a demographic crisis . But some experts say the cancellation is a sign that Chinese leader Xi Jinping doesn't want anyone questioning his regime.

Persons: Premier Li Qiang, Jinping, —, Lou Qinjian, Rick Waters, Waters, Li, Lou, Xi Jinping, Xi, Jonathan Ward, Tom Porter Organizations: Premier, Service, National People's, Eurasia Group, GZERO Media, Hudson Institute Locations: China, Beijing

☆ Congressional probe finds communications gear in Chinese cranes, raising spying concerns
▼ + stars: | 2024-03-07 | by ( Sean Lyngaas | ) edition.cnn.com time to read: +4 min

CNN —Some Chinese-made cranes used at US ports contain communications equipment with no clear purpose or record of their installation, according to a new congressional investigation that will heighten US concerns that the cranes could be used for surveillance or sabotage. It comes amid heightened US-China tensions over national security and as the Coast Guard last month ordered the ports to better secure the Chinese-made cranes. The modems were found “on more than one occasion” on the ZPMC cranes, the aide said. Chinese-made cranes account for nearly 80% of the cranes used at US ports, according to the Coast Guard. Having modems embedded in cranes’ operational systems “physically bypasses” the ports’ traditional IT security defenses, Ayala told CNN.

Persons: Mark Green, ZPMC, “, Liu Pengyu, ” Liu, John Vann, ” Cary Davis, ”, Biden, Marco Ayala, Ayala Organizations: CNN, Homeland Security, Coast Guard, CCP, Chinese Communist Party, ”, House Homeland Security, “, Embassy, Street Journal, Coast Guard Cyber Command, American Association of Port Authorities, U.S . Coast Guard, InfraGard National, Alliance Locations: China, Washington ,, Houston

☆ Opinion: After Super Tuesday, the dreaded rematch is real
▼ + stars: | 2024-03-05 | by ( Opinion Patrick T. Brown | ) edition.cnn.com time to read: +7 min

But there’s also the loud minority of “Never Trump” Republicans, represented by figures like former Illinois Rep. Adam Kinzinger or former New Jersey Gov. In North Carolina, exit polls suggest Trump won a slim majority of Republican voters with a college degree. But there’s a third camp: the reluctant Republican stalwarts who are neither Always Trump nor Never Trump. In general, these Republicans tend to seek traditionally defined conservative policy victories – from school choice to tax cuts to a strong national defense. But they can also see the potential for conservative policy victories in a second Trump administration.

Persons: Patrick T, Brown, Joe Biden, pollsters, Donald Trump, denialism, suburbanites, MAGA, ”, there’s, Adam Kinzinger, Christine Todd Whitman, Trump’s, they’ve, Trump, Nikki Haley, Glenn Youngkin, Brian Kemp, aren’t, –, Inez Feltscher Stepman, Biden, FDR, Harris, Roe, Wade –, Dobbs, Wade, slog Organizations: Public Policy Center, Economic, Twitter, CNN, Biden, Trump, GOP, Republican, “, Trump ” Republicans, Illinois Rep, New, New Jersey Gov, Hilton, Republicans, Virginia Gov, Georgia Gov, Supreme, Independent, American, Democratic, Super Locations: Washington , DC, America, South Carolina, New Jersey, North Carolina, Charleston, Columbia, Georgia, Afghanistan, Ukraine, Gaza

☆ Woman Could Have Prevented Great Recession; Ignored by Wall Street Men
▼ + stars: | 2024-03-04 | by ( Josie Cox | ) www.businessinsider.com time to read: +21 min

The story of Brooksley Born is not only the tale of a remarkable regulator whose Cassandra-like warnings — if heeded — could've prevented the great financial crisis from exploding into raging, ruinous enormity. Not long after she assumed chairmanship of the CFTC, Born started to feel a lingering unease with the rapidly expanding derivatives market. So to Rubin, Born was more of an inconvenience than anything, and she certainly wasn't in his club. Not long after, Treasury officials lobbied Congress to pass legislation preventing the CFTC from being able to regulate the OTC derivatives market. In the months and years that followed, it became increasingly hard to deny that the multi-trillion-dollar OTC derivatives market was the root cause of the great financial crisis.

Persons: Lehman Brothers, jolting, — could've, It's, Potter Stewart, Henry Edgerton, Porter, she'd, Bill Clinton, Clinton, Janet Reno, Brooksley, Michael Greenberger, Born, Gibson, weren't, Robert Rubin, Goldman Sachs, Rubin, Michael Hirsh, Alan Greenspan, Greenspan, Ayn Rand, Hirsh ., Hirsh, Greenspan didn't, braggadocian machismo, lauding Rubin, Lawrence Summers, Arthur Levitt, Josie Cox, Levitt, Summers, Jim Leach, Richard Lugar, —, Bethany McLean, Joe Nocera, Bob Rubin, Born's Cassandra, George W, Bush, Lauren Rivera, Christine Lagarde, Lehman, ABRAMS Organizations: Stanford University, Stanford Law School, Stanford, Appeals, District of Columbia Circuit, Arnold, Futures Trading Commission, American, CFTC, Bankers Trust, Procter, Gamble, Sumitomo, Federal Reserve, Fed, Securities and Exchange Commission, Financial Markets, Abrams, Term Capital Management, Enron, SEC, Born, Northwestern's Kellogg School of Management, Financial, International Monetary Fund, Lehman Brothers, Reuters, Street, The Washington Post, Guardian, Abrams Press Locations: California, Vietnam, United States, Washington, America, ABRAMS , New York

☆ The SEC votes this week on controversial climate change rule: Here's what's at stake
▼ + stars: | 2024-03-04 | by ( Bob Pisani | ) www.cnbc.com time to read: +9 min

The Scope 3 disclosure requirements have drawn strong criticism from many corporations, who claim the regulations are too burdensome. The climate disclosure rule was first proposed in March 2022. Since Congress has not passed major climate legislation for years, opponents of the SEC's climate rule will likely sue the SEC and cite West Virginia v. EPA, again arguing that Congress has not granted specific authority for the SEC to act on climate change. The disclosures required from the proposed SEC rule may shuffle the deck on companies that are considered "green" or "not so green." Arne Noack, manager of the Xtrackers S&P 500 ESG ETF and DWS Head of Systemic Investment Solutions for the Americas, will be the guest on ETF Edge at 1:10 p.m.

Persons: Gary Gensler, Gensler, overreach, Joe Biden, Kathleen McLaughlin, Arne Noack, Noack, Todd Sohn, He'll, Dave Nadig Organizations: SEC, U.S ., Banking, Housing, Urban Affairs, Capitol, Washington , D.C, The Institute, New York University School of Law, Environmental Defense Fund, Reuters, Securities, Exchange, Walmart, APA, EPA, Act, America, Corporate, Equity, Systemic Investment Solutions, Edge Locations: Washington ,, America, West Virginia, Virginia, ESG, Americas, ETFedge.cnbc.com

☆ A gut health dietitian who doesn't meal prep shares her weekly shopping list. It makes eating 30 plants a week easy.
▼ + stars: | 2024-03-03 | by ( Kim Schewitz | ) www.businessinsider.com time to read: +4 min

This diversity is thought to be linked to good overall health and a number of health benefits, from smooth digestion to better mood. So if you can really increase the diversity of your diet, it increases the diversity of the gut bacteria that are really helpful and protective," Gabrielle Morse, a gut health specialist and registered dietitian at The Gut Health Clinic, told Business Insider. Vegetables are a good source of fiber, which is good for gut health, she said. She eats fish because it's a good source of protein and omega-three fatty acids, which benefit heart health. Dairy productsDairy products are a good source of protein, calcium, and, in many cases, healthy fats, Morse said.

Persons: —, you've, Gabrielle Morse, Morse, she'll, Bell Organizations: Service, Business, Health, what's, Morse

☆ The Core of the Tax Code Will Change, but We Don’t Know How
▼ + stars: | 2024-03-02 | by ( Jeff Sommer | ) www.nytimes.com time to read: +1 min

Navigating the byzantine U.S. tax rules and completing your return may be enough of a headache. But you can count on fresh tax stress coming from Washington not far down the road. On Dec. 31, 2025, critical parts of the 2017 federal tax law are scheduled to expire. As if that weren’t complicated enough, the tax code before the 2017 law included provisions for future inflation adjustments — and there has been a lot of inflation over the last few years. These adjustments need to be applied if the law sunsets, as scheduled, making the actual numbers for important things like federal tax brackets difficult to estimate.

Persons: Trump Locations: Washington

☆ How China's property bubble burst
▼ + stars: | 2024-02-29 | by ( Gaelle Legrand | ) www.cnbc.com time to read: +1 min

Since China's economic liberalization in the 1970s and housing reforms in the late 1980s, locals have flocked to properties as the investment vehicle of choice over alternatives such as the stock market. The property and construction boom helped fuel China's – and the world's – economic growth for 30 years. By some estimates, property in China was worth $60 trillion at its peak, making it the biggest asset class in the world. But the country's property crisis has deeper roots than speculation and uncontrollable debt. Watch the video to find out how China's property bubble burst.

Persons: wasn't Locations: China, Beijing

☆ A former software engineer who's betting on leading AI stocks at a $1.6 trillion firm says pullbacks will be incredible buying opportunities, and shares 6 under-the-radar picks
▼ + stars: | 2024-02-28 | by ( Laila Maidan | ) www.businessinsider.com time to read: +5 min

Despite dashed hopes of early rate cuts, growth stocks like Nvidia continue to make new highs. "And here we are today: we've got Apple at multi-trillion dollars, Microsoft at multi-trillion dollars, Nvidia at multi-trillion dollars, and Google at over a trillion dollars." Snowflake (SNOW) helps businesses wrangle their data and build models from that data for multiple purposes, including AI. GitLab (GTLB) is an open-code platform with over a million paid users and programmers who can use AI tools to help with coding. Still, they collect customer data, and they help companies talk to their customers in a relevant and direct manner.

Persons: Jonathan Curtis, Franklin Templeton, Curtis, hadn't, ChatGPT, there's Organizations: Nvidia, Franklin Templeton Institute Global Investment Management Survey, Business, Franklin Equity Group, Apple, Microsoft, Google, Cisco, Meta, Semiconductor, Power Systems, AMD, Arista Networks

☆ 3 easy dinner recipes by a gut health dietitian who eats 30 plants a week
▼ + stars: | 2024-02-28 | by ( Kim Schewitz | ) www.businessinsider.com time to read: +4 min

That's why Gabrielle Morse, a gut health specialist and registered dietitian at The Gut Health Clinic, aims to eat 30 plants a week. Her weekly food delivery consists of around 10 different vegetables, butter beans, black beans, chickpeas, lentils, and fish. AdvertisementIf she has white fish or shrimp in the fridge, she might use them to make a risotto with lots of different vegetables thrown in. On the side, she had roasted broccoli and some other roasted vegetables that she had on hand. AdvertisementTo make sure she's eating 30 plants a week, she'll pair it with some air-fried veggies, grilled mushrooms, and edamame beans.

Persons: Gastro dietitian Gabrielle Morse, —, Gabrielle Morse, Morse, Morse's, fryer, Kale roasts Organizations: Service, Health, FDA

☆ Home Equity Loan Alternative Could Revolutionize the Housing Market
▼ + stars: | 2024-02-28 | by ( James Rodriguez | ) www.businessinsider.com time to read: +16 min

Like a lot of homeowners, Schummer was keen to convert some of his theoretical wealth into real cash. These kinds of deals, often referred to as home-equity-sharing agreements or home-equity investments, have existed on the fringes of housing finance for decades. The success or failure of home-equity investments could shape the future of homeownership in America. If the home's value has gone up, everyone wins; sell it for a loss, and the investor might share in that downside. "Over time for us, the customer becomes everybody," Eoin Matthews, the chief business officer and a cofounder of Point, told me recently.

Persons: Kennis Schummer, Schummer, Laurie Goodman, Goodman, he'd, Eoin Matthews, —, Hometap, Jim Riccitelli, Riccitelli, Adam Rust, Rust, Rust wasn't, I'm, Jordan Gilberti, Holly Bunting, Mayer Brown, Edwin Remsberg, Matthews, they'd, Jeffrey Glass, Glass, I've, he's Organizations: Consumer, Urban Institute, Federal Reserve, Bain Capital, Palisades Group, Redwood Trust, Getty, Consumer Federation of America Locations: Pensacola , Florida, California, homeownership, America, Connecticut, Maryland, Florida

☆ China's latest market crackdown shows it hasn't learned any lessons
▼ + stars: | 2024-02-26 | by ( Huileng Tan | ) www.businessinsider.com time to read: +3 min

China has curbed short selling and quant trading activities to support its flailing stock markets. AdvertisementBeijing is now trying to support the flailing Chinese stock markets by pulling a familiar move — cracking down on private sector activities. Remember — China's recent private sector enterprise crackdown wiped out over a trillion dollars from its tech sector alone and spooked entrepreneurs. China isn't the first to curb stock market activities — the US also cracked down on short-selling during the 2008 financial crisis. China's securities regulator said on Thursday it wasn't trying to interfere with trading activities, but will crackdown on "illegal activities" that disrupt market order.

Persons: —, They're, George Boubouras, isn't, Eswar Prasad Organizations: Service, Bloomberg, Asset Management, China isn't, Cornell University, International Monetary Fund, Nikkei Locations: China, Beijing, Hong, Melbourne

☆ The Cost of Nuclear War in Space
▼ + stars: | 2024-02-24 | by ( Ephrat Livni | Vivienne Walt | ) www.nytimes.com time to read: +1 min

Just before the Russian-Ukrainian war reached its two-year milestone today, U.S. intelligence agencies warned that Russia might aim a nuclear weapon at an unusual target: not any place on Earth, but satellites orbiting in space. It’s also a risk to the space economy — and the one on the ground. There is a little-known but fast-growing industry that insures satellites, but it doesn’t provide insurance against nuclear arms. What’s at stake: hundreds of billions (and probably trillions) of dollars when including the services that rely on satellites, according to David Wade, an underwriter at the Atrium Space Insurance Consortium, which insures satellites for Lloyd’s. The Russian weapon is said to be designed to target satellites in low Earth orbit, where most commercial satellites operate.

Persons: It’s, What’s, David Wade Organizations: Atrium Space Insurance Consortium, NASA Locations: Russian, Russia

☆ This industrial stock keeps hitting record highs — what's behind the rally and what's next
▼ + stars: | 2024-02-23 | by ( Morgan Chittum | ) www.cnbc.com time to read: +4 min

It's been a great month for Eaton stock. The power management company notched a series of record highs during a lengthy post-earnings rally that saw shares surge 17% in February. They include infrastructure spending, further artificial intelligence adoption necessitating the construction of more data centers, the acceleration of the transition to clean energy, and the rise of nearshoring and onshoring. The semiconductor giant's results highlighted strength and demand for data centers — a big part of Eaton's overall business and sales. AI data centers require lots more electrical components, which will likely show up on Eaton's order book down the line.

Persons: It's, what's, Eaton, Joe Biden's, Jim Cramer's, Jim Cramer, Jim, Brendan McDermid Organizations: Eaton, Infrastructure Investment, Jobs, Nvidia, CNBC, Traders, New York Stock Exchange Locations: Eaton

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailNvidia, Sam Altman and the trillion-dollar AI dreamArtificial intelligence only entered the mainstream a year ago. But already, two titans of the industry are prophesying trillions of dollars in opportunity. Nvidia chief Jensen Huang is predicting an additional $1 trillion in data center spend in the next few years, while OpenAI's Sam Altman's chip dream is closer to $7 trillion. This week on Tech Check, we take a deep dive into their trillion-dollar AI visions.

Persons: Sam Altman, Jensen Huang, OpenAI's Sam Altman's Organizations: Nvidia, Tech

☆ OpenAI CEO Sam Altman stands to net millions as Reddit goes public
▼ + stars: | 2024-02-22 | by ( Jordan Novet | ) www.cnbc.com time to read: +3 min

OpenAI CEO Sam Altman will be in a position to make millions after Reddit goes public, thanks to a series of bets on the online discussion board company that go back to 2014. Altman will hold 9.2% of voting power after Reddit's initial public offering, according to information in the company's prospectus. In 2014 Altman led Reddit's $50 million Series B funding round, after using the service every day for nine years, he wrote in a blog post. In the first half of 2021, Reddit was raising a Series E round, and Altman invested $50 million. He went on to say that investors in the Series B round would give 10% of shares to Reddit users.

Persons: Sam Altman, Reddit, Altman, OpenAI, Reddit's, It's, Steve Huffman, that's, FirstMark's Organizations: Microsoft, New York Stock Exchange, Nasdaq, Silicon

☆ Here's why Capital One is buying Discover in the biggest proposed merger of 2024
▼ + stars: | 2024-02-21 | by ( Hugh Son | ) www.cnbc.com time to read: +5 min

It's a chess move by one of the savviest long-term thinkers in American finance, Capital One CEO Richard Fairbank. Fairbank, who became a billionaire by building Capital One into a credit card giant since its 1994 IPO, is betting that buying rival card company Discover will better position the company for global payments' murky future. The deal, if approved, enables Capital One to leapfrog JPMorgan as the biggest credit card company by loans, and solidifies its position as the third largest by purchase volume. By 2027, the bank expects to add at least $175 billion in payments and 25 million of its cardholders onto the Discover network. The Discover network alone would be worth up to $6 billion if sold to Alphabet, Apple or Fiserv , Sakhrani wrote Tuesday in a research note.

Persons: Richard Fairbank, Marvin Joseph, It's, Fairbank, Sanjay Sakhrani, Sakhrani Organizations: Washington Post, Getty, Capital, Discover Financial, U.S, JPMorgan Chase, Independence, Discover, JPMorgan, Visa, Mastercard, American Express, One's, PayPal Locations: Wall, U.S

☆ Want steady, passive income? Buy these dividend stocks with higher yields, Wall Street says
▼ + stars: | 2024-02-21 | by ( Weizhen Tan | ) www.cnbc.com time to read: +4 min

Dividend stocks came under the spotlight after Meta unexpectedly announced a dividend for the first time. BofA has also been bullish on dividend stocks lately, saying investors may flock back to such stocks for income if yields fall this year, in turn driving up this segment of stocks. Wall Street and other pros share their tips on how to pick good dividend stocks and what names will generate sustainable income. In fact, using that strategy mitigates the risk of relying only on dividend income if higher rates affect dividend distributions, according to Stutland. "This combination provides a buffer against future interest rate hikes and offers the possibility of capital appreciation alongside dividend income."

Persons: Meta, BofA, Brian Stutland, Stutland, Goldman, Stocks, It's, — CNBC's Michael Bloom Organizations: CNBC Pro, Morningstar, Walmart, Target, Depot, Verizon, Treasury

☆ Biden administration to issue new cyber directives aimed at defending ports
▼ + stars: | 2024-02-21 | by ( Sean Lyngaas | ) edition.cnn.com time to read: +3 min

CNN —The Biden administration on Wednesday will issue multiple cybersecurity directives aimed at shoring up vulnerabilities at US maritime ports that could be exploited by hackers and addressing security risks from Chinese-made cranes, according to senior US officials. There are more than 200 Chinese-made cranes at “US ports and regulated facilities,” according to Vann. Coast Guard cyber experts have done security assessments and hunted for malicious cyber activity on 92, or less than half, of those cranes, he said. Among the targets of the hacking was US critical infrastructure in Guam, and the Coast Guard has been on the frontlines of response to the digital intrusions. US maritime ports generate trillions of dollars in economy activity each year, according to experts.

Persons: CNN —, Biden, Joe Biden, John Vann, Vann, ” Vann, Christopher Wray, Wray, ”, Anne Neuberger Organizations: CNN, Coast Guard, Coast Guard Cyber Command, China, White, Port Locations: Vann, China, Guam, Port of Houston

☆ A risky options trade to navigate Nvidia's highly anticipated earnings report
▼ + stars: | 2024-02-20 | by ( Michael Khouw | ) www.cnbc.com time to read: +4 min

I would argue that, as goes Nvidia, so goes the stock market. As far as the options market is concerned, it's a pretty big coin. We are short shorter-dated options and long longer-dated options, seeking to find a way to sell high options premiums. In our case, the trade looks something like this: You can see, this isn't a cheap trade. BEFORE MAKING ANY FINANCIAL DECISIONS, YOU SHOULD STRONGLY CONSIDER SEEKING ADVICE FROM YOUR OWN FINANCIAL OR INVESTMENT ADVISOR.

Persons: —, Carter Braxton Worth, It's Organizations: Nvidia, eBay, CNBC, ~$ Locations: trillions

☆ Adobe launches AI assistant that can search and summarize PDFs
▼ + stars: | 2024-02-20 | by ( Alex Koller | ) www.cnbc.com time to read: +2 min

Adobe on Tuesday launched an artificial intelligence assistant in its Reader and Acrobat applications that can produce summaries of and answer questions about PDFs and other documents. The AI assistant, currently in beta, is now available on Acrobat, "with features coming to Reader over the coming days and weeks," according to a news release. The AI assistant will help users digest information from long PDF documents by generating brief overviews of their contents, the company said. Adobe's AI assistant is a built-in feature. You want to understand the summary, you want to have a conversation with it, you want to ask questions," Narayen said.

Persons: David Wadhwani, Adobe, Shantanu Narayen, you've, Narayen Organizations: Adobe, Adobe Creative, CNBC PRO Locations: San Francisco

☆ A gastro dietitian eats 30 plants a week for a healthy gut microbiome. Here's what she has for breakfast, lunch, and dinner.
▼ + stars: | 2024-02-19 | by ( Kim Schewitz | ) www.businessinsider.com time to read: +5 min

Research suggests that gut health is central to overall health. A prominent study found that eating 30 plants a week leads to a more diverse gut microbiome. “Looking after your gut health really lowers your risk of things like colon cancer and inflammatory bowel disease, and it can look after your mental health,” Gabrielle Morse, a gut health specialist and registered dietitian at The Gut Health Clinic , told Business Insider. “There's a gut-liver axis, so our gut health looks after our liver. AdvertisementMorse also carries a small Tupperware of mixed seeds with her so she can sprinkle some of those on top.

Persons: Dietitian Gabrielle Morse, —, ” Gabrielle Morse, ”, Morse, ” Morse, “, She’ll, she’s Organizations: Service, Health, Business Locations: Brazil

☆ Let's accept it: The Fed's rate hikes did little to slow this roaring economy
▼ + stars: | 2024-02-19 | by ( Jim Cramer | ) www.cnbc.com time to read: +12 min

OK, you will never confuse me for a rapper, but those are the four words that describe this economy right now. I have not been a fan of this company because of its losses and its inability to pivot to profit. You have to add the DoorDash numbers to the Toast numbers to see the strength of the go-out and go-in parts of the economy. I am just saying that the Federal Reserve does not have a handle on how overheated this economy has become. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

Persons: Todd Schneider, Kevin Hourican, Ralph Lauren, Ralph, That's, Lam, Barry Sternlicht, Otis, There's, Eaton, Parker, Uber, it's, Morgan Stanley, Jim Cramer's, Jim Cramer, Jim, Justin Sullivan Organizations: Walmart, Home, Philadelphia Eagles, Applied Materials, Federal Reserve, Simon Property Group, Costco, Property, Reuters, Saudi, Mastercard, American Express, Lam Research, Nvidia's, Waste Management, Starwood Capital, U.S, Fed, Jim Cramer's Charitable, CNBC Locations: DraftKings, China, Emerson, Dover, Cummins, —, Wells Fargo, San Francisco

☆ Chinese consumers are about to return from the holidays. That doesn't mean the economy will pick up.
▼ + stars: | 2024-02-14 | by ( Huileng Tan | ) www.businessinsider.com time to read: +4 min

AdvertisementChina's economy and markets were weak coming into 2024, but investor sentiment could worsen after the ongoing Chinese New Year break. "Service consumption growth will likely slow sharply after the Chinese New Year holiday on fading pent-up demand and weakening consumer confidence," the economists wrote. Authorities have pulled more than a dozen moves since January to try to stabilize the stock market rout and support downbeat property market demand amid its real-estate crisis. After all, there were suggestions earlier that authorities are considering a stabilization fund to rescue the flailing stock market. AdvertisementMainland stock markets are closed this week for public holidays.

Persons: —, Rich Lesser, Lesser, Hang, Xi Jinping Organizations: Beijing, Service, Chinese Ministry of Commerce, Nomura, Boston Consulting, Hang Seng China Enterprises, Authorities Locations: China, Beijing, Hong Kong

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