The 20 Year Bull Market Is Here - And This Tiny Company Holds the Keys

Without vast amounts of energy, AI will NEVER scale. Microsoft, Tesla and Google are all begging for more. Even signing multi-decade deals to secure private sources of this powerful energy to fuel their data centers.. Best of all, a company with quite possibly the most potential in this sector trades for less than $1...

China to unveil much-anticipated economic stimulus package

KEN MORITSUGU and ZEN SOO
November 07, 2024

BEIJING (AP) -- China is expected to announce much-anticipated steps to boost its flagging economy Friday at the end of this week's meeting of its legislature.

Analysts say bold, multi-trillion yuan measures are needed to reinvigorate the world's second largest economy, which has yet to bounce back fully from the COVID-19 pandemic.

The central bank loosened restrictions on borrowing in late September, sparking a stock market rally, but economists say the government needs to do more to ignite a sustained recovery. Government officials have indicated that could come at this week's meeting of the Standing Committee of the National People's Congress, which must give official approval to any new spending.

The economy has shown signs of life in the last two months. Purchase subsidies offered to people who trade in old cars or appliances for new ones helped auto sales rebound in September. A survey of manufacturers turned positive in October after five straight months of decline, and exports surged 12.7% last month, the largest increase in more than two years.

For most of the year, the ruling Communist Party appeared more focused on addressing long-term structural issues with the economy rather than short-term ones. Previous steps to boost the economy were piecemeal, seemingly aimed at keeping the economy afloat rather than sparking a robust recovery.

In recent weeks, the party has signaled a growing concern about the economy's sluggishness as it tries to meet its goal of achieving growth of around 5% this year. The central bank's monetary easing was followed by government pronouncements that it still has ample funds to pump into the economy.

Still, the longer-term goals of transforming China into a high-tech and green energy economy seem likely to remain the chief aims of the Communist Party, which doesn't face election pressures like the ones that toppled the Democrats and swept Donald Trump's Republicans to power in America this week.

___

AP Business Writer Zen Soo contributed from Hong Kong.

Continue Reading...

Popular

Engines on 1.4 million Honda vehicles might fail, so US regulators open an investigation

DETROIT (AP) — The U.S. government's highway safety agency is investigating complaints that on as many as 1.4 million Honda and Acura vehicles.

Bill Gates' Mysterious New AI Project Revealed - Ad

Tech expert Jeff Brown uncovers Bill Gates' latest AI project, Stargate, which Forbes claims could reshape everything we think we know about our world.

Republicans On The Verge Of Seizing Control Of US House, Paving Way For Bold Reforms In Trump's Second Term

The Republican party is on the brink of securing control of the U.S. House of Representatives, a development that could significantly impact the legislative landscape when Donald Trump makes a White House comeback in January.

Trump Has Asked Me To Do 3 Things, Says Robert Kennedy Jr.

Robert Kennedy Jr. revealed Trump's directive to tackle health agency corruption, promote science, and end chronic disease.

Trump's Win Marks a New Era for AI Stocks - Ad

With Donald Trump back in the Oval Office, Louis Navellier says the next wave of AI winners is already taking shape. Discover which stocks could benefit from his first moves.

New York eyes reviving congestion pricing toll before Trump takes office

ALBANY, N.Y. (AP) — New York Gov. Kathy Hochul is considering ways to revive a program that would have charged drivers — before President-elect Donald Trump takes office and can block it.

Discover Canada's Hidden $54,000 Rocks That Could Power the Future of AI! - Ad

A tiny company has found something incredible in North America: boulders worth up to $54,000 each. Contained in each is a super fuel, packed with deposits 8x richer than the global average, it may be the only deposit in the world of this caliber. With energy prices soaring, this tiny miner is set to become a major player in powering AI and beyond. Unearth this rare opportunity before Wall Street finds out what they've discovered.

Nuclear Stocks Are Tumbling Monday: What's Going On?

Nuclear stocks are trading lower across the board on Monday after regulators rejected Talen Energy Corp's (NASDAQ:TLN) plans to increase power for an Amazon.com Inc (NASDAQ:AMZN) data center.

The Mysterious VC Firm Behind Nvidia's Secret Weapon - Ad

In 1999, Sutter Hill Ventures made a bold bet on Nvidia before anyone had heard of it. Now, they're going all-in on Nvidia's hush-hush partner that's powering their new Blackwell chip. Discover the little-known company that's attracting massive investments from the visionaries behind Nvidia's 100,000% rise.

Text of the policy statement the Federal Reserve released Thursday

WASHINGTON (AP) — Below is the statement the Federal Reserve released Thursday after its latest policy meeting ended:

Trump's Billionaire Ally Plans To Join Elon Musk's DOGE If Named Treasury Secretary, Recommends Elimination Of These Subsidies

John Paulson, a billionaire investor and a close ally of former President Donald Trump, has revealed his plans to work with Elon Musk on substantial federal spending cuts if he were to be appointed

Is This Nvidia's Secret Weapon? - Ad

You've likely heard about Nvidia's incredible success in AI. But without this startup's technology, Nvidia's groundbreaking AI chips simply wouldn't be possible. It's still flying under the radar. That could change very soon with a major announcement on the horizon.

Jim Cramer Blasts Super Micro Computer's Earnings: 'Better At Exonerating Itself Than Selling' Nvidia GPUs

Jim Cramer, the host of CNBC's "Mad Money," has criticized Super Micro Computer Inc for its recent business update and preliminary first-quarter results.

Elon Musk: "AI Will Run Out of Electricity ... in 2025" - Ad

This AI boom is going to push America's power grid to the brink... Elon Musk even recently said that AI could run out of electricity by 2025. This crisis may just reveal one of the greatest investment ideas we are ever going to find. My research has recently uncovered two companies that could make a massive difference today.

Trump To Joe Rogan: 'Biggest Mistake' Was Trusting 'Bad' And 'Disloyal' People

On Friday night, "The Joe Rogan Experience" podcast hosted by Joe Rogan finally aired its long-awaited episode with Donald Trump

Who will buy Infowars? Both supporters and opponents of Alex Jones interested in bankruptcy auction

Infowars broadcasts could end next week as he faces a court-ordered auction of his company's assets to help pay the more than he owes families of victims of the Sandy Hook Elementary School shooting.

[Breaking] Classified Wargames Reveal Grave Threat From China - Ad

In multiple wargames, U.S. forces were overwhelmed and unable to stop Chinese amphibious assaults from seizing the island. With tensions at a boiling point, the economic fallout could be devastating. Get the details on the weapons makers set to boom if war breaks out.

Microsoft fires employees who organized vigil for Palestinians killed in Gaza

Microsoft has fired two employees who organized an unauthorized vigil at the company's headquarters for Palestinians killed in Gaza during Israel's war with Hamas.

A Palestinian-Israeli collective made one of 2024's most lauded docs. Will it be released in the US?

NEW YORK (AP) — Basel Adra, a Palestinian, and Yuval Abraham, an Israeli, spent five years making a movie that depicts daily life in Adra’s village under . The resulting film, has been hailed as one of the year's most powerful documentaries, winning prizes at international film festivals.

Why Trump's Victory Could Fuel the Next AI Surge - Ad

Louis Navellier, tech investor and market veteran, believes Trump's return will drive a second AI boom. Get the top six stocks he recommends before they skyrocket.

Michelle Obama Criticizes Trump At Michigan Harris Rally: 'Why On Earth Is This Race Even Close?'

Michelle Obama stepped onto the campaign trail in Michigan, expressing her support for Kamala Harris and blasting former President Donald Trump.

Reddit, Roblox And Garmin Are Among Top 10 Large Cap Gainers Last Week (Oct 28-Nov 1): Are The Others In Your Portfolio?

The top 10 performers last week were Reddit, Paycom, Mobileye, Exelixis, Garmin, Roblox, Twilio, Snap, Waters, and Atlassian. Many analysts raised price forecasts.

Shocking Footage from Bill Gates' $100 Billion AI Project - Ad

Jeff Brown flew to Wisconsin to witness Bill Gates' $100 billion AI project firsthand. What he uncovered will blow your mind!

Trump's Historical Hiccup: A Tale Of MyPillow Guy Mike Lindell, Al Capone, And Confusion

Trump delivered a disjointed speech that included a bizarre tale about Mike Lindell and Al Capone, leaving the crowd puzzled but urging supporters to vote.

The 7th Trillion Dollar Company? - Ad

There are six American companies worth over $1 trillion. Could there be a seventh soon? This company signed a massive deal with Apple until 2040 and is also involved with Nvidia, Google, and Samsung. Could this be the next trillion-dollar company? A top stock expertpicker thinks so.

Tim Cook Underscores 'Several Positive Signs' In Apple's China Performance, Refrains From Talking About Economic Stimulus: 'Don't Want To Ad-Lib On The Effect Of It'

Apple CEO Tim Cook expressed cautious optimism about Apple's stable performance in China, highlighting record-high active devices and strong sales, while declining to speculate on the impact of China's economic stimulus.

Taiwan wants to join the IMF to get financial protection from China

WASHINGTON (AP) — Taiwan, a major economy the size of Poland but absent from global organizations, is making a longshot push to join the International Monetary Fund, the 190-country organization that offers members emergency loans and other financial assistance.

Proof Gold Could Hit $3K in 2025 - Ad

Stansberry Research just released a brand-new warning for what they believe will happen to gold in 2025. Even the most prepared Americans - including many retirees - could be blindsided by what's about to happen.

What's Going On With Oklo Stock Tuesday?

Oklo Inc. (NYSE:OKLO) shares are moving lower on Tuesday, pulling back from a recent surge in which several nuclear stocks rallied for multiple trading sessions. Despite the pullback, Oklo shares are still up approximately 175% over the past month. Here's what you need to know.

Trump's Fortune Skyrockets With $4B Stake In Trump Media & Technology Group

The net worth of former President Donald Trump has seen a significant increase, largely attributed to his $4 billion stake in the Trump Media & Technology Group.

Seven Unknown AI Stocks That Could Dominate the Next Six Years - Ad

The original "Magnificent Seven" stocks generated 16,800% over the last 20 years. But now a new set of AI stocks is set to take over. Alex Green dubs them "The Next Magnificent Seven." And he's arguing that just $1,000 in each could turn into more than $1 million in less than six years.

Abortion Pill Orders Spike Hard Following Election As Women Brace for Potential Restrictions

Anti-abortion advocates are gearing up for a concerted push to roll back abortion access under Donald Trump's second presidency.

The Only Defense Stock You Should Be Watching - Ad

In multiple wargames, U.S. forces were overwhelmed and unable to stop Chinese amphibious assaults from seizing the island. With tensions at a boiling point, the economic fallout could be devastating. Get the details on the weapons makers set to boom if war breaks out.

Trump: Harris Presidency Would 'Guarantee' World War III

Donald Trump said Saturday that the election of Kamala Harris to the presidency could trigger World War III.

Trending Now

Information, charts or examples are for illustration and educational purposes only and not for individualized investment management This message contains commercial elements, such as advertising. We only send these offers to those who have opted in to our newsletter. Past performance is not indicative of future results. For these reasons we strongly suggest trading in a DEMO/Simulated account. The information provided by us is for educational and informational purposes only. We make no representations or warranties concerning the products, practices or procedures of any company or entity mentioned or recommended and have not determined if the statements and opinions of the advertiser are accurate, correct or truthful. If you use, act upon or make decisions in reliance on information contained or any external source linked within it, you do so at your own peril and agree to hold us, our officers, directors, shareholders, affiliates and agents without fault.

Copyright technicaltrading.org
Privacy Policy | Terms of Service