DIRS.INFO The most relevant business & tech news

☆ Economists see UK cutting interest rates more substantially as inflation pressures ease
▼ + stars: | 2024-10-22 | by ( Jenni Reid | ) www.cnbc.com time to read: +5 min

Mike Kemp | In Pictures | Getty ImagesLONDON — The U.K. is likely to see interest rates drop at a faster pace than previously expected, according to economists who flagged key data releases that indicated inflationary pressures are finally easing. However, economists at Goldman Sachs in a Monday note forecast rate cuts "notably below market pricing." As a result, they see consecutive 25 basis point cuts taking the Bank Rate to 3% as early as September 2025, and to 2.75% in November next year. "Recent data have cemented expectations of another cut in interest rates in November. "That said, uncertainty around the economic outlook is high, and interest rate expectations will be sensitive to what the government announces in the Budget," Muir added.

Persons: Mike Kemp, Goldman Sachs, BOE, Price, —, James Smith, Smith, David Muir, Muir, Keir Starmer, Rachel Reeves Organizations: of England, Labour, Bank of England's, BOE policymakers, Bank of England, ING . Services, Reuters, International Energy Agency, U.S . Federal Reserve, European Central Bank, Moody's, Finance Locations: City of London, London, United Kingdom

☆ Russia claims it doesn't care who wins the US election. Its state media tells another story.
▼ + stars: | 2024-10-22 | by ( Hannah Abraham | ) www.businessinsider.com time to read: +5 min

Despite the Kremlin's neutral stance, Russian state media shows it favors Donald Trump. Meta and TikTok have previously banned Russian state media for election interference. But despite what Russian officials claim, the country's state media tells a very different story. State media coveragePer Reuters, Harris' tendency to burst out laughing during interviews and debates has been ridiculed in Russian state TV broadcasts. Last month, TikTok said it removed accounts associated with Russian state media for "engaging in covert influence operations."

Persons: Donald Trump, Kamala Harris, Trump, —, Sergey Lavrov, Ann Marie Dailey, Harris, Kamala, Andrei Sidorov, JD Vance, It's, TikTok, Meta, Segodnya, Tenet Media —, Mathieu Boulegue, Putin, Vance, William Pomerantz Organizations: Donald Trump . State, Service, Newsweek, RAND, Ukraine, Reuters, Moscow State University, Politico, TV's, Daily, BBC, spank, Department of Justice, Tenet Media, Chatham House, Trump, Wilson Center Locations: Russia, Russian, Ukraine, Washington ,

☆ The vulnerable GOP congressman convinced that economic interest voters will save him from the Trump and abortion backlash
▼ + stars: | 2024-10-22 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +19 min

He sat down with BI to talk about the race, the national debt, abortion, and the state of his party. In an era where college-educated voters have been bleeding out of the GOP, Schweikert is increasingly an outlier, and he knows it. In order to keep looking like his district, Schweikert — a one-time conservative rabble-rouser who rode his way into Congress during the 2010 Tea Party wave — has had to make some changes. But now that Schweikert's sharing the ballot with Trump, he's not sweating that either. But while Democrats are hoping the state-level vote will boost turnout on their side and remind voters of Republicans' opposition to abortion, Schweikert sees it differently.

Persons: David Schweikert, —, Republican who's, Donald Trump, Schweikert, Arizona's, Joe Biden, Katie Hobbs, Sen, Mark Kelly, Jevin Hodge, Jon Sutton, It's, I've, who's, he's, Shah, rouser, There's, Schweikert's, Tim Scott of, He's, Bryan Metzger Schweikert, Kari Lake, David Schweikert Decries, Trump, mailer, Sutton, JD Vance, Ohio, Matthew, Tom Williams, that's, Shah eked, Krysten, they're, Shah outraised, Bryan Metzger There's, Roe, Wade, Frederic J . Brown, Kamala Harris, Nikki Haley, Arizona's Haley, Harris Organizations: GOP, Service, Republican, Republicans, Democratic, Caucus, Trump, Capitol, YouTube, Forbes, Social Security, Medicare, Committee, Insurance Trust Fund, Federal, Commission, Electoral, FBI, Federal Aviation Administration Reauthorization, COVID, Mayo Clinic, Getty, United Nations Locations: Arizona, Scottsdale, Congress, America ., Phoenix, an Arizona, It's, Schweikert, Tim Scott of South Carolina, Springfield, America, AFP, Maricopa County, Schweikert's district, North Scottsdale

☆ North Korea sending troops into Ukraine could supercharge an already-close partnership with Russia
▼ + stars: | 2024-10-22 | by ( Mia Jankowicz | Hannah Abraham | ) www.businessinsider.com time to read: +7 min

South Korea says 1,500 North Korean troops have been sent to aid Russia in its war in Ukraine. They also said that North Korean troops could find themselves little more than cannon fodder. Other experts said North Korean troops would experience the roughest end of Russia's notoriously brutal military hierarchy, which marks some as expendable. "The grim reality is that the North Korean troops will likely simply be cannon fodder for Russia," said Edward Howell, a North Korea expert at the University of Oxford. AdvertisementHoare also pointed to the risk of North Korean troops defecting, which would loom over any deployment.

Persons: —, Volodymyr Zelenskyy, Joseph S, Bermudez Jr, Bermudez, Cannon, Kim Jong, National Intelligence Service Bermudez, Edward Howell, Jim Hoare, Hoare, Suspilne, Kim Jong Un, Vladimir Putin, Kristina Kormilitsyna, Howell Organizations: North, Service, Korea's National Intelligence Service, National Intelligence Service, South, Associated Press, CNN, Center for International, Strategic Studies, North Korean, University of Oxford, BI, The Times, DPRK Locations: Korea, Russia, Ukraine, North, North Korea, Pyongyang, Korean, Russian, South Korea, Seoul, Ukrainian, Koreans, Ussuriysk, South, London, Sputnik

☆ Asia markets open lower after major U.S. indexes slip; India prepares for Hyundai debut
▼ + stars: | 2024-10-22 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +1 min

A bronze bull statue outside the Bombay Stock Exchange (BSE) building in Mumbai, India, on Monday, June 3, 2024. India's stock futures jumped after exit polls indicated a resounding victory for Prime Minister Narendra Modi's ruling party in general elections that concluded Saturday. Photographer: Dhiraj Singh/Bloomberg via Getty ImagesAsia-Pacific markets slipped on Tuesday, trailing a mixed session on Wall Street. During the U.S. trading session, two Federal Reserve officials had spoken about the trajectory of interest rates. Dallas Federal Reserve President Lorie Logan said she supports the current move to lowering interest rates, but that a patient approach will be needed.

Persons: Narendra Modi's, Dhiraj Singh, Australia's, Kospi, Neel Kashkari, Lorie Logan Organizations: Bombay Stock Exchange, Bloomberg, Getty Images, Nikkei, Hyundai, Federal, Minneapolis, Dallas Federal Locations: Mumbai, India, Getty Images Asia, Pacific, South, Asia, Hyundai India

Under the terms of the deal, Costco will offer Peloton's Bike+ in 300 of its U.S. stores for $1,999, and on Costco.com for $2,199 between Nov. 1 and Feb. 15. Costco is one way to get there, Dion Camp Sanders, Peloton's chief emerging business officer, told CNBC in an interview. The deal with Costco gets Peloton onto the shelves of a retailer with a strong fan following and wealthier customers. According to Numerator, 36% of Costco's customers have a household income of more than $125,000. As of this month, hotel members can earn points for completing workouts on the Peloton Bike and Row during their stay.

Persons: Barry McCarthy, Long, Dion Camp Sanders, Peloton's, We've, Camp Sanders, Gary Millerchip, Costco's, they've, Merchandising Claudine Adamo, Truemed Organizations: Costco, CNBC, Merchandising, Dick's Sporting Goods, PayPal Locations: U.S

☆ Israeli airstrike kills 18 in attack near Lebanon public hospital
▼ + stars: | 2024-10-22 | by ( Erica Star Domena | Selima Hussain | ) www.businessinsider.com time to read: 1 min

An Israeli airstrike hit Lebanon on October 21 near the country's largest hospital, killing at least 18 people and injuring 60 others.

Locations: Lebanon

☆ We are receiving more natural gas through Croatia than ever before: Hungarian Energy Minister
▼ + stars: | 2024-10-22 | 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 EmailWe are receiving more natural gas through Croatia than ever before: Hungarian Energy MinisterCsaba Lantos, the Energy Minister of Hungary discusses the country's energy diversification efforts.

Persons: Csaba Lantos Organizations: Hungarian Energy, Energy Locations: Croatia, Hungary

☆ Hyundai Motor India's shares set to start trading after the country's largest IPO
▼ + stars: | 2024-10-22 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +2 min

MUMBAI, MAHARASHTRA, INDIA - Hyundai cars seen parked outside the Hyundai showroom in Mumbai. Hyundai Motor India was set to start trading Tuesday in the country's two major stock markets after a $3.3 billion initial public offering, the country's largest-ever by amount raised. Unlike a traditional IPO, in which a firm sells fresh shares, Hyundai Motor India's listing is an offer for sale, where its parent Hyundai Motor Company sold its shares. The lead bookrunners of Hyundai India's IPO were Kotak Mahindra Capital, Citigroup Global Markets India, HSBC Securities and Capital Markets (India), J.P. Morgan India and Morgan Stanley India. There is amazing fundamentals in equity markets with supportive policies from SEBI [Securities and Exchange Board of India], retail participation and broad-based opportunities," he added.

Persons: Morgan India, Morgan Stanley, Neil Bahal, Amala Balakrishner Organizations: Hyundai, India, South Korean, Hyundai Motor Company, Kotak Mahindra Capital, Citigroup Global Markets, HSBC Securities, Capital Markets, CNBC, Negen, Securities, Exchange Board Locations: MUMBAI, MAHARASHTRA, INDIA, Mumbai, South Korea, New Delhi, Citigroup Global Markets India, India, Morgan Stanley India, SEBI

☆ Legendary investor Paul Tudor Jones says he's buying gold and bitcoin pre-election because inflation will rise under both Trump and Harris
▼ + stars: | 2024-10-22 | by ( Filip De Mott | ) www.businessinsider.com time to read: +3 min

Inflation will rise regardless of whether Donald Trump or Kamala Harris wins the presidency, Paul Tudor Jones said. "All roads lead to inflation," Jones said on Tuesday. "I'm long gold. I'm long bitcoin. I think commodities are so ridiculously under-owned, so I'm long commodities.

Persons: Donald Trump, Kamala Harris, Paul Tudor Jones, —, Jones, that's, Trump, Jones —, Harris Organizations: Service, CNBC, Nasdaq, Republican, White, Congressional, Office, Trump, Treasury

The parent company of TikTok says it has dismissed an intern that it found to have "maliciously interfered" with its artificial intelligence technology effort. In a statement in Chinese released Monday, the parent company, ByteDance, said the intern in question had committed a "serious violation" against its commercial technology team's "research project." In particular, the intern's actions affected ByteDance's AI training program, the company said. In the AI world, companies attempt to program an AI application by "training" it on vast amounts of data to recognize patterns, understand context, and make decisions — in other words, "learn." It is not clear what aspect of the AI model the intern is accused of interfering with.

Persons: ByteDance, Donald Trump, Kamala Harris, Trump, Harris Organizations: NBC News, Facebook Locations: TikTok, China

☆ Cuddle time capped: New Zealand airport puts a 3-minute limit on goodbye hugs
▼ + stars: | 2024-10-21 | by ( Hannah Peart | Hannah Peart Is An Intern In The Nbc News London Bureau. | ) www.nbcnews.com time to read: +2 min

But back on the ground, one airport in New Zealand is implementing a maximum time just three minutes for loved ones to say goodbye to their relatives with a hug. 3 minutes max,” one of a series of signs at Dunedin Airport on the country's South Island says. It is an airport and those drop off locations are common locations for farewells” he told Radio New Zealand (RNZ) earlier this month. Recognizing that the signage had “caused quite a stir” he said that the signs were designed to keep drop-off zones moving at the airport. “It’s about enabling others to have hugs.”NBC News has reached out to De Bono and the airport for comment.

Persons: “, “ Max, Dan De Bono, “ We’re, ”, De Bono, Michael Banissy, Banissy, RNZ Organizations: Dunedin Airport, Radio New Zealand, NBC, University of Bristol Locations: New Zealand

☆ Chick-fil-A is releasing its own entertainment app, with family-friendly shows and podcasts
▼ + stars: | 2024-10-21 | by ( Amelia Lucas | ) www.cnbc.com time to read: +5 min

A sign hangs outside of a Chick-fil-A restaurant on May 06, 2021 in Chicago, Illinois. Chick-fil-A plans to launch a new app on Nov. 18, with a slate of original animated shows, scripted podcasts, games, recipes and e-books aimed at families. And for the last five years, it's released animated shorts on YouTube during the holiday season as part of its "Stories of Evergreen Hills" series. Why Chick-fil-A is betting on contentPeople walk past a Chick-fil-A restaurant on 8th Avenue on December 30, 2023, in New York City. Restaurants as media brandsA Chick-fil-A meal is displayed at a Chick-fil-A restaurant on June 01, 2023 in Novato, California.

Persons: Scott Olson, –, it's, We've, we've, Dustin Britt, Chick, Gary Hershorn, Khalilah Cooper, McDonald's, Cooper, We're, Britt, Justin Sullivan Organizations: Getty, U.S, YouTube, CNBC, Evergreen, Corbis, Lions Locations: Chicago , Illinois, mealtime, Evergreen Hills, New York City, Novato , California

☆ Britain faces warnings of a tech exodus over tax plans ahead of high-stakes budget
▼ + stars: | 2024-10-21 | by ( Ryan Browne | ) www.cnbc.com time to read: +4 min

Last week, U.K. Prime Minister Keir Starmer told Bloomberg that such speculation was "wide of the mark." Several entrepreneurs and investors have warned that the U.K. could face an exodus of technology entrepreneurs as a result of the reported tax changes. Calling the government's plan on capital gains tax the "biggest" issue for entrepreneurs, Stebbings said: "I know fewer entrepreneurs will be here. Not everyone agrees that capital gains tax shouldn't be increased to raise public finances. The analysis found that capital gains tax was not a primary driver of investment decisions, with entrepreneurs more focused on issues like access to financing, market opportunities and broader economic conditions.

Persons: Rachel Reeves, Keir Starmer, Reeves, Giles Andrews, Rishi Khosla, Victor Riparbelli, I've, Adam French, Harry Stebbings, Stebbings Organizations: Britain's, Getty, LONDON, Guardian, Bloomberg, Times, CNBC, Treasury, The Entrepreneurs Network, for Public, Research Locations: British, BADR, Europe, Paris, Berlin, U.S

☆ China is set to be Russia's biggest pipeline gas customer this year as flows to Europe dwindle
▼ + stars: | 2024-10-21 | by ( Kelly Cloonan | ) www.businessinsider.com time to read: +3 min

Russian gas giant Gazprom sent more natural gas to China than Europe in the first nine months of the year. Europe had previously been Russia's biggest energy customer, but flows have cratered since the war in Ukraine began. AdvertisementRussian gas flows to Europe are dwindling, but China is stepping in and is set to become Russia's biggest customer of pipeline gas this year. Those flows surpass the 22.5 billion cubic meters of pipeline gas exported to Europe in the same period, putting China on track to overtake Europe as Russia's biggest natural gas customer in 2024. Another link, Power of Siberia 2, is under discussion and would increase the country's gas flows to China to almost 100 billion cubic meters a year.

Persons: — Organizations: Gazprom, Service, Bloomberg Locations: China, Europe, Ukraine, Russia's, Moscow, Hungary, Slovakia, Austria, Russia, Siberia

☆ China cuts benchmark lending rates by 25 basis points
▼ + stars: | 2024-10-21 | by ( Lee Ying Shan | In Ying-Shan-Lee | ) www.cnbc.com time to read: +2 min

China on Monday lowered its main benchmark lending rates by 25 basis points at the monthly fixing. The one-year loan prime rate (LPR) has been cut to 3.1%, while the five-year LPR has been trimmed to 3.6%, the People's Bank of China (PBOC) said. The one-year LPR influences corporate loans and most household loans in China, while the five-year LPR serves as a benchmark for mortgage rates. China's central bank governor Pan Gongsheng had indicated on Friday during a forum held in Beijing that the loan prime benchmark rates would be lowered by 20 to 25 basis points. The seven-day reverse repurchase rate will be cut by 20 basis points, while the medium-term lending facility rate will be lowered by 30 basis points, Pan also highlighted.

Persons: LPR, Pan Gongsheng, Pan, Shane Oliver, Zhiwei Zhang, — CNBC's Evelyn Cheng Organizations: People's Bank of China, AMP Locations: China, Beijing

☆ Cambodia eyes 70% dependence on renewables by 2030, says energy minister
▼ + stars: | 2024-10-21 | 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 EmailCambodia eyes 70% dependence on renewables by 2030, says energy ministerKeo Rottanak, Cambodia's Minister of Mines and Energy, talks about the country's net-zero targets and how the the broader society stands to benefit from the transition.

Persons: Keo Rottanak Organizations: Cambodia's, of Mines and Energy

☆ Prabowo takes up Indonesian presidency, vows to tackle corruption, other issues
▼ + stars: | 2024-10-21 | by ( ) www.cnbc.com time to read: +1 min

Presidential candidate Prabowo Subianto, waves to photographers as he leaves after attending a dialog held by country's anti-graft agency Corruption Eradication Commission (KPK) at its headquarters in Jakarta, Indonesia, January 17, 2024. Indonesia's Prabowo Subianto on Sunday took over as president of the world's third-largest democracy, vowing to combat internal issues such as corruption that plague the country and to make it more self-sufficient. Prabowo, who unsuccessfully ran for the presidency twice before, said in a fiery speech to lawmakers he would be president for all Indonesians and challenged the nation to help him face down the country's problems. "We must always realize that a free nation is where the people are free," Prabowo said, at times raising his voice. In a wide-ranging speech lasting about an hour, Prabowo said self-sufficiency for food was possible within five years, while also pledging to become self-sufficient in energy.

Persons: Prabowo, Indonesia's Organizations: country's, Sunday Locations: Jakarta, Indonesia, Indonesia's

☆ Russia and Europe tussle for Moldova, as just over 50% vote 'yes' on future EU membership
▼ + stars: | 2024-10-21 | by ( Holly Ellyatt | ) www.cnbc.com time to read: +2 min

Moldovan citizens living in Moscow are seen queuing to vote at a polling station during the 2024 Moldovan elections in Moscow, Russia on October 20, 2024. Moldovans headed to the polls on Sunday for a presidential election and a referendum on EU membership with the votes being held under the shadow of the ongoing struggle between the West and Russia over Moldova. Moldova's political destiny was hanging in the balance on Monday after key votes on whether to embrace a future with Europe, or to remain within Russia's orbit. Since the breakup of the Soviet Union in 1991, it has seesawed between pro-Russia and pro-Europe governments, such as President Sandu's current administration. Formal talks on joining the bloc already began in June, but the — non-legally binding — referendum of Sunday was seen as cementing Moldova's pro-EU trajectory.

Persons: Maia Sandu, Alexandr Stoianoglo, Sandu's Organizations: West, European Union, Moldova's, Commission, CNBC, Russia Locations: Moscow, Russia, Moldova, Europe, Soviet, Ukraine, Romania, Soviet Union

☆ Iran aided Russia against Ukraine. Now it needs to call in the favor
▼ + stars: | 2024-10-21 | by ( Holly Ellyatt | ) www.cnbc.com time to read: +8 min

Russia is unlikely to offer military intervention against Israel on behalf of the Iranians, Saab said, given it is already "too bogged down in Ukraine." In return for Iran's support, Russia has bolstered Iran's military capabilities in several areas, they noted: "Iran has made notable progress in acquiring advanced conventional weaponry from Russia, allowing it to achieve some of its defense officials' long-standing goals. Iranian protesters shout anti-Israeli slogans while burning an Israeli flag in a celebration for Iran's missile attack against Israel, in Tehran, Iran, on October 1, 2024. That shared antipathy toward the U.S. and desire to create a "new world order" are what largely binds Iran and Russia. Russia cannot — and will not — save Iran in its confrontation with Israel and the United States," he noted.

Persons: Vladimir Putin, Masoud Pezeshkian, Israel, Bilal Y, They've, Saab, It's, Karim Sadjadpour, Nicole Grajewski, Su, John Kirby, Morteza, Mikhail Svetlov, Bashar al, Nikita Smagin, Saudi Arabian Crown Prince Mohammed bin Salman Organizations: Getty, CNBC, Saab, North Africa, Israel, Kremlin, Carnegie Endowment, International Peace, Security, Ukraine, Nurphoto, United, Base, Russian International Affairs Council, Saudi Arabian Crown, Royal, Anadolu Locations: Ashgabat, Turkmenistan, Iran, Ukraine, Tehran, Russia, Islamic Republic, East, United States, Russian, U.S, Ukrainian, Gaza, Lebanon, Israel, Iranian, Yemen, Syria, Saudi Arabia, United Arab Emirates, Syria's, Moscow, Saudi, Al Yamamah, Riyadh

But when you delve deeper into our database of 1.7 million car listings, all sorts of geographic quirks emerge. Yet in and around the state capital of Jackson, where per capita income exceeds the national average, five of the 10 most popular cars are Mercedes-Benzes. In Rutherford County, Tennessee, where the nearby Nissan plant cranks out 2,500 vehicles a day, four of the 10 most popular cars are Nissans. Nine of the 10 most popular cars in Spartanburg, South Carolina, are foreign — yet not a single one of them is a BMW, whose nearby plant employs 100,000 people. And in Alameda County, California, whose Fremont plant turns out most of the country's Teslas, not a single one of the 10 favorite vehicles is a Tesla.

Persons: Marin, Fremont, Elon Musk Organizations: Montana ., Jeep, Toyota, Nissan, Ford, Cadillac, BMW, Elon, Toyota Prius, VW Locations: Vermont, Montana, Arizona, California, Los Angeles, Orange, Mississippi, Jackson, San Diego, Santa Barbara, San Luis Obispo, Monterey, Santa Clara, Alameda, Rutherford County , Tennessee, Dearborn , Michigan, Michigan, Wexford, Cadillac, Spartanburg , South Carolina, Alameda County , California

☆ Ex-general Prabowo, once accused of rights abuses, takes up presidency of world’s third-largest democracy
▼ + stars: | 2024-10-20 | by ( ) edition.cnn.com time to read: +5 min

Jakarta Reuters —Indonesia’s Prabowo Subianto on Sunday took over as president of the world’s third-largest democracy, vowing to combat internal issues such as corruption that plague the country and to make it more self-sufficient. “We must always realise that a free nation is where the people are free,” Prabowo said, at times raising his voice. Newly-inaugurated Indonesian President Prabowo Subianto greets supporters after being sworn in as the country's eighth president in Jakarta on Oct. 20, 2024. Flower boards outside the palace either congratulated Prabowo and Gibran or thanked Jokowi for his decade of service. Jokowi supporters are also attending the celebrations to bid farewell to Indonesia’s outgoing leader.

Persons: Prabowo, ” Prabowo, “, ”, Gibran Rakabuming Raka, Joko “, Widodo, Sugiono, Prabowo Subianto, Dita Alangkara, Gibran, Jokowi, Anneta, “ Prabowo, Critics, Han Zheng, Linda Thomas, Joko Widodo, Achmad Ibrahim, Suharto Organizations: Jakarta Reuters —, Sunday, US Locations: Jakarta, Indonesia’s, Indonesian, China, United States, Greenfield, Indonesia's, Indonesia, Gaza, Papua, East Timor

☆ China's attempts to save its flailing housing market haven't boosted confidence among top Wall Street analysts
▼ + stars: | 2024-10-20 | by ( Kelly Cloonan | ) www.businessinsider.com time to read: +5 min

On Thursday, China unveiled new measures to prop up its struggling property market. AdvertisementChina officials have directed a wave of stimulus measures at the country's beleaguered property market, but the effort hasn't done much to impress Wall Street experts. On Thursday, China unveiled new measures to prop up its flailing housing market, including quicker access to credit for developers and renovations in run-down urban areas. "While a step in the right direction, these stimulus measures are so far falling short of the scope and scale needed to reflate the Chinese economy. But Yingrui Wang, China economist at AXA Investment Managers, says that optimism could be short-lived as the housing stimulus lacks detail.

Persons: —, Wall, Goldman Sachs, haven't, Yingrui Wang, Wang Organizations: Service, Ministry of Housing, Ministry, BCA Research, AXA Investment, CSI Locations: China, Beijing, China's

Democratic Sen. Tammy Baldwin and Republican Eric Hovde sparred over abortion rights and economic issues Friday night during their first and only debate of a hotly contested Wisconsin Senate race that has tightened just weeks before Election Day. “Look, it’s been brought back to our state,” Hovde said during the exchange. It’s very clear that he has never read Roe v. Baldwin won her 2012 Senate race by more than 5 percentage points and her 2018 re-election contest by nearly 11 percentage points, demonstrating her appeal in rural areas. Baldwin received her undergraduate degree from Smith College in Massachusetts and graduated from the University of Wisconsin Law School.

Persons: Democratic Sen, Tammy Baldwin, Eric Hovde sparred, Hovde, Baldwin, “ Eric Hovde, —, Roe, Wade, ” Baldwin, it’s, ” Hovde, “, …, ”, Amy Walter, you’ve, he’s, who’s, “ I’m, I’m, you’re Organizations: Democratic, Wisconsin Senate, U.S, Supreme, GOP, ”, Social Security, Washington , D.C, UW, “ Law, Smith College in, University of Wisconsin Law School, University of Wisconsin - Locations: Wisconsin, America, East, Ukraine, Washington, California, Washington ,, Smith College in Massachusetts, University of Wisconsin - Madison

☆ Luxury stocks may be a risky China stimulus bet
▼ + stars: | 2024-10-19 | by ( Hakyung Kim | In Hakyungkim | ) www.cnbc.com time to read: +7 min

A post-pandemic spending surge led to luxury stocks such as LVMH to reach all-time highs in early 2023, but that soon changed. We believe improved confidence and sentiment is required to reach even our flat year-over-year Chinese luxury growth forecast for 2025," Wallace noted. Luxury stocks are feeling the pressure — year to date, U.S.-traded shares of major players LVMH and Kering are down about 17% and 41%, respectively. Analysts and investors are mixed as to whether the Chinese stimulus measures can revive luxury spending growth among consumers — and whether it will create a meaningful tailwind for luxury companies. Whether the luxury sector can continue growing at the same levels without as much Chinese consumer spending remains in question.

Persons: — stoking, Ben Harburg, Morgan Stanley, Ashley Wallace, Wallace, Jean, Jacques Guiony, Moncler, Hermes, Prada, Richemont, LVMUY CFRUY, —, Edouard Aubin, Sauron, Harburg, LVMH's Guiony, we've Organizations: Alpha, Bank of America, of America, Consumers Locations: China, Covid, 3Q24, U.S, LVMH

Search resuls for: "country's"

25 mentions found