BEIJING (Reuters) -China's economy ended 2024 on better footing than expected helped by a flurry of stimulus measures, although the threat of a new trade war with the United States and weak domestic demand could hurt confidence in a broader recovery this year. For the full-year 2024, the world's second-largest economy grew 5.0%, meeting the government's annual growth target of around 5%.
(Bloomberg) -- Worsening outflows in the stock market have helped snuff out a degree of bullishness on the Taiwan dollar, according to a closely-watched measure in the options market.Most Read from BloombergThese Homes Withstood the LA Fires. Architects Explain WhyNYC Commuters Get New Way to Dodge Traffic: $95 Helicopter RidesWill Americans Ever Lose Their Taste for Telework?Chicago Agency Pitches $1.5 Billion Plan to Fix Transit WoesScaramucci, Ackman Donate to Whitney Tilson’s NYC Mayoral Run
With a possible ban looming for the popular short-form video app, these stocks are set to gain as companies look to capture TikTok users' screen time.
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A risk-taking culture, geographic advantages, and strong consumer spending continue to drive US economic growth way ahead of its peers.
China's economy grew 5.4% in the fourth quarter from a year earlier, official data showed on Friday, significantly beating analysts' expectations and enabling the government to meet its annual growth target. Analysts polled by Reuters had forecast fourth-quarter gross domestic product (GDP) would expand 5.0% from a year earlier, quickening from the third-quarter's 4.6% pace as a flurry of support measures began to kick in. For the full-year 2024, the world's second-largest economy grew 5.0%, data from the National Bureau of Statistics data showed, meeting the government's annual growth target of around 5%.
(Bloomberg) -- The Biden administration advanced a plan to limit oil drilling and infrastructure across more of Alaska’s National Petroleum Reserve, a bid to lock in land protections and conservation requirements days before President-elect Donald Trump takes office.Most Read from BloombergThese Homes Withstood the LA Fires. Architects Explain WhyNYC Commuters Get New Way to Dodge Traffic: $95 Helicopter RidesWill Americans Ever Lose Their Taste for Telework?Chicago Agency Pitches $1.5 Billion P
ChargePoint Holdings Inc. (NYSE:CHPT) has secured its spot as the market leader in the U.S. EV charging network, boasting a commanding 32% share and more than 70,000 ports nationwide. The company’s network has overtaken Tesla Inc (NASDAQ:TSLA) and other major players, highlighting ChargePoint's expansive reach amid growing EV adoption. Despite this impressive lead, JPMorgan analyst Bill Peterson maintains a cautious stance, placing ChargePoint on the firm's Short Ideas list. Don't Miss: ‘Scrolli
(Bloomberg) -- A top economic adviser to President Joe Biden warned that Donald Trump’s incoming administration risks reigniting inflation if it interferes with the Federal Reserve’s policymaking on interest rates.Most Read from BloombergThese Homes Withstood the LA Fires. Architects Explain WhyNYC Commuters Get New Way to Dodge Traffic: $95 Helicopter RidesWill Americans Ever Lose Their Taste for Telework?Chicago Agency Pitches $1.5 Billion Plan to Fix Transit WoesScaramucci, Ackman Donate to W
Ripple makes headlines with huge crypto donations to California fire victims and news that their new stablecoin, RLUSD, could soon play a major role in Cardano’s DeFi ecosystem. Meanwhile, a U.S. politician has purchased XRP for the first time, signaling growing interest in the token. JPMorgan predicts XRP and Solana ETFs could bring in $14B if approved, while Italy’s largest bank invests $1M in Bitcoin. Robinhood also settles a $45M SEC case amid regulatory scrutiny. With Trump’s crypto-friendl
