Former CKE Restaurants CEO Andy Puzder dissects Vice President Kamala Harris’s economic strategy, highlighting its reliance on targeted policies and its lack of a comprehensive macroeconomic plan. He contrasts this with President Trump’s focus on boosting economic growth through tax cuts, deregulation, and domestic energy production, arguing that Harris’s approach is insufficient to address the current economic challenges facing Americans.
China’s central bank has slashed two key interest rates to record lows in an attempt to revive the struggling economy. The move follows a disappointing third-quarter growth report and aims to stimulate spending and counter deflationary pressures.
This week in finance saw a clash of titans, with billionaires debating tax policies, renowned investors offering economic strategies, and economists sounding the alarm on potential pitfalls. This article explores the top financial news stories that made headlines, featuring insights from Mark Cuban, Bill Ackman, Ray Dalio, Paul Krugman, and more.
Karva Chauth, a significant Hindu festival observed by married women, is set to bring a massive economic boost to India this year. With an anticipated ₹22,000 crore in spending, the festival fuels retail activity and sets the stage for the upcoming wedding season, making it a key driver for the Indian economy.
A recent Gallup poll reveals a stark reality facing American voters: a majority believe they are worse off financially than they were four years ago. With the 2024 election approaching, this sentiment, largely driven by inflation and economic uncertainty, could heavily influence voters’ decisions. The poll mirrors similar trends seen in 1992, suggesting a potential shift in favor of the challenger.
The U.S. economy might be on a hot streak, but cautious investors need to pay attention to key indicators and potential risks. Find out what data points to watch, how to adjust your portfolio, and why AI stocks are still a focus.
Kevin Hassett, a potential nominee for the Federal Reserve under President Donald Trump, has defended the recent interest rate reduction despite Trump’s criticism, citing a weakening jobs market. This comes as the Fed faces scrutiny over its independence and its role in influencing the upcoming election.
Stronger-than-expected GDP figures from China in the third quarter have sparked a significant rally in U.S.-listed China-based ETFs, as investors react positively to the economic growth. Key ETFs, including KraneShares CSI China Internet ETF (KWEB) and iShares China Large-Cap ETF (FXI), have witnessed substantial gains in pre-market trading.
U.S.-listed Chinese stocks experienced a pre-market rally on Friday, fueled by China’s better-than-expected third-quarter GDP growth. However, investor sentiment remains cautious despite stimulus measures, as a large-scale economic package is still absent.
China’s economic growth slowed to 4.6% in the July-September quarter, marking the weakest pace since early 2023, despite recent efforts to boost consumer demand and revitalize the ailing property sector. The latest data released by the Chinese government revealed the world’s second-largest economy struggling to meet the official target of “about 5 per cent” growth for 2024, a target many analysts consider ambitious without more significant measures. The ongoing slump in the property sector continues to pose a significant challenge for China as it tries to spur economic recovery.
