By Ella Cao and Ryan Woo BEIJING (Reuters) – Chinese homebuyers on a tight budget have long sought out Hegang, an ex-coal boomtown on the Russian border. Now, as China’s property crisis spreads, Hegang’s basement prices are showing up in wealthier regions in a new threat to the economy. Average prices of new homes in 70 major cities including Beijing slumped for the 14th month in August despite dramatic reversals in China’s once-restrictive purchase policies. Even prices in the economically vibrant south have sunk, stoking intense social media discussions on widening property deflation, with hashtags “Hegang-isation” and “HegangHomePrices” chalking up…
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Wall Street experienced a slightly positive session Tuesday, supported by investor optimism as the Federal Open Market Committee (FOMC) kicked off its two-day meeting, expected to deliver the first interest rate cut in over four years on Wednesday. The session’s notable performers were small caps, with the Russell 2000 index surging about 1.3%, targeting its highest close since early August and outperforming larger-cap indices. Among industries, solar, clean energy and regional banks led gains as traders eyed pockets of the markets that would benefit from lower interest rates. On the macro front, August retail sales provided an upside surprise, growing…
We recently compiled a list titled Jim Cramer’s Ultimate Stock Picks: 10 Hot Stocks to Consider. In this article, we will look at where The Boeing Company (NYSE:BA) ranks among Jim Cramer’s 10 hot stocks to consider.In a recent episode of Mad Money, Jim Cramer emphasized the unexpected strength in the market, pointing out that many companies are doing better than Wall Street realizes. He suggests that investors should stop second-guessing these companies every time negative news surfaces. Cramer praises the excellent management and execution by CEOs, which he feels often goes unappreciated.“Suddenly, all is forgiven, or if not all, then…
First agreement between Eutelsat Group and MHI for launchesNew agreement adds additional launch options for Eutelsat PARIS & TOKYO–(BUSINESS WIRE)–Regulatory News: Eutelsat Group (ISIN: FR0010221234 – Euronext Paris / London Stock Exchange: ETL), and Mitsubishi Heavy Industries Ltd. (MHI), announce the signature of an agreement for multiple launches. Under the terms of the agreement, MHI will provide multiple launches by an H3 launch vehicle from 2027. This is the first agreement between Eutelsat and MHI, and today’s announcement cements the growing partnership between both companies. Eutelsat has consistently worked with leading launch providers to deliver its fleet into orbit and…
The Chinese e-commerce landscape is dominated by PDD Holdings (PDD), Alibaba (BABA), and JD.com (JD). Using the TipRanks Stock Comparison Tool, I’ll explain why I consider JD.com to be a Buy and a strong investment, while I also rate Alibaba a Buy but have a Hold rating on PDD. In the end, JD.com is the least risky investment and most favorable option for investors.PDD Holdings (PDD)Let’s begin with why I consider PDD stock to be a Hold. PDD Holdings operates the Pinduoduo e-commerce platform and the Temu online marketplace. I have a Hold rating on this stock mainly because it…
We recently compiled a list titled Jim Cramer’s Ultimate Stock Picks: 10 Hot Stocks to Consider. In this article, we will look at where RH (NYSE:RH) ranks among Jim Cramer’s 10 hot stocks to consider.In a recent episode of Mad Money, Jim Cramer emphasized the unexpected strength in the market, pointing out that many companies are doing better than Wall Street realizes. He suggests that investors should stop second-guessing these companies every time negative news surfaces. Cramer praises the excellent management and execution by CEOs, which he feels often goes unappreciated.“Suddenly, all is forgiven, or if not all, then at least…
Voters want more from Kamala Harris.But while the Democratic nominee has been clear about what she is not — Donald Trump — she is either unwilling or unable to spell out a comprehensive blueprint for exactly what she would do as the 47th president.In an interview on Tuesday, the vice president mostly stuck to broad themes and headlines about her economic plan that were largely familiar from a previous big-picture policy speech and her convention address.But a candidate who has been criticized by opponents for running on “vibes” and surfing a wave of joy refused to be pinned down on…
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Since childhood, Loveness Bhitoni has collected fruit from the gigantic baobab trees surrounding her homestead in Zimbabwe to add variety to the family’s staple corn and millet diet. The 50-year-old Bhitoni never saw them as a source of cash, until now.Climate change-induced droughts have decimated her crops. Meanwhile, the world has a growing appetite for the fruit of the drought-resistant baobab as a natural health food.Bhitoni wakes before dawn to go foraging for baobab fruit, walking barefoot though hot, thorny landscapes with the risk of wildlife attacks. She gathers sacks of the hard-shelled fruit from the ancient trees and sells…
Rathbones Group PLC boosted its stake in iShares Semiconductor ETF (NASDAQ:SOXX – Free Report) by 13.9% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,299 shares of the exchange traded fund’s stock after purchasing an additional 280 shares during the quarter. Rathbones Group PLC’s holdings in iShares Semiconductor ETF were worth $567,000 as of its most recent filing with the SEC. Several other institutional investors also recently made changes to their positions in the stock. Financial Synergies Wealth Advisors Inc. grew its holdings in shares of iShares Semiconductor ETF…