China’s GDP disappoints, but stocks surge anyway as officials pledge to support markets

Greater China markets made a strong comeback on Friday afternoon, following a series of measures announced by Chinese leaders to support the struggling stock market. After a turbulent morning following weaker-than-expected GDP data and a sharp sell-off the day before, shares in the mainland rebounded, rising more than 2 percent. By market close, the Shanghai…

Trade war hostility may be keeping US-China military relations in a state of friction

Mattis, apparently displeased with Beijing's military buildup in the disputed South China Sea, disinvited the Chinese military from a multinational naval exercise in May. And in September, a senior Chinese naval commander canceled a planned visit to meet with his American counterpart while a U.S Navy ship was denied a port visit in Hong Kong.…

Stocks making the biggest moves after hours: PayPal, DowDuPont, AIG and more

Check out the companies making headlines after the bell: PayPal stock jumped more than 7% percent after the market-close on Thursday following the release of its third-quarter earnings report. The payment company beat on both its top and bottom lines, reporting earnings of 58 cents per share on revenue of $3.68 billion, vs. analyst estimates…

Trump’s trade war is forcing Beijing to retreat from its own anti-debt battle

A Citi report on Monday estimated that the deleveraging pause will increase China's debt-to-GDP ratio by 12.3 percentage points to 274.5 percent by the end of this year, reversing a small decline in 2017. "The markets are right, in our view, to feel more concerned about the sustainability of China's debt and the increased financial…

Former Eurogroup president Dijsselbloem on Italy: ‘It’s pretty worrisome’

An Italian crisis would be an "implosion" and have severe consequences for the country's banking system, the former chief of the Eurogroup told CNBC Friday. Financial markets have fretted about Italy's 2019 budget, amid new plans to increase public spending. There are strong concerns that such fiscal plan will derail the reduction of the country's…

Asia stocks slip in the morning; investors await China’s GDP numbers

China released its GDP figures for the third quarter of 2018, which showed economic growth slowing to 6.5 percent year-over-year. The latest GDP announcement by the world's second-largest economy missed expectations for a 6.6 percent in the quarter from July to September compared to a year earlier, according to analysts polled by Reuters. That is…

China is expected to announce slower growth in the third quarter amid its trade...

"It's very clear that China's economy is on a very soft footing at this moment and in the meantime, we do see there are a lot of bearish sentiments towards China's economic outlook, as well as the financial market outlook," said Hao Zhou, senior emerging market economist for Asia at Commerzbank, before the release of…

Tesla CEO Elon Musk just introduced a ‘lower-cost, mid-range’ Model 3 via Twitter

Tesla CEO Elon Musk announced on Twitter that a new variant of the company's Model 3 electric sedan is going on sale today. He wrote, "Costs $35k after federal & state tax rebates in California, but true cost of ownership is closer to $31k after gas savings." Tweet On the company's website, this Model 3…

Stop kidding yourself if you think all the bad news is baked in —...

Stocks tanked on Thursday because people are finally realizing that the Federal Reserve has the power to hurt stocks and slow the economy, CNBC's Jim Cramer said after the Dow Jones Industrial Average fell more than 300 points. "This is one of those moments where it's dawning on people that maybe all the assurances that…

Wall Street’s biggest bull: The market is ‘inappropriately’ pricing in a potential recession

Tony Dwyer of Cannacord Genuity said that with the recent sell-off, the market is "inappropriately beginning to discount a recession" despite strong economic indicators. In an interview with CNBC's "Fast Money" on Thursday, Dwyer said that a fall in the markets should have been expected, since there has been "historically low volatility" and "historically high…

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