Revealed: Buffett's $4.9 Billion Secret

Over the last decade, the "Oracle of Omaha" has quietly made an extra $4.9 billion using a low-risk strategy. Jim Fink has used the same strategy to deliver an 84.7% winning rate for his subscribers.

China ends planning meeting with vows to stabilize its economy, but gives no details on stimulus

ELAINE KURTENBACH
December 12, 2024

BANGKOK (AP) -- Chinese leaders wrapped up a two-day planning meeting in Beijing on Thursday with pledges to take a more proactive approach in pepping up the world's second-largest economy, but gave no details on new stimulus measures.

A state-run CCTV report on the annual meeting mainly reiterated a strategy outlined earlier in the week after a session of the ruling Communist Party's powerful Politburo at which leaders pledged to loosen monetary policy and adopt a more proactive fiscal approach.

Markets in China have climbed recently on renewed hopes for a stronger dose of stimulus to help counter weak consumer spending that has kept the economy growing this year at a rate slightly slower than the government's official target of about 5%.

The promise of "moderately loose" monetary policy showed a shift from a more cautious "prudent" approach that had prevailed for a decade, after China's recovery from the global financial crisis.

But so far, the measures taken this year to jolt the economy out of its post-pandemic doldrums have been broad in scope but more incremental and technical than the dramatic stimulus that investors have been hoping for.

The CCTV report said China would raise its fiscal deficit and continue to issue "super-long" government bonds to help finance additional spending. It gave no details on the amount of money to be spent or size of the deficit.

Leaders pledged to stabilize the property market, which has been mired in a downturn after a crackdown several years ago on excess borrowing by property developers.

They also promised to boost consumer spending by countering weakness in the job market and seeing that wages keep pace with economic growth.

The party also was drafting longer-term strategies for the country's next five-year plan, which will provide a blueprint for policies in the coming years that will likely align with President Xi Jinping's emphasis on developing advanced technologies and "higher quality" growth.

Several months ago, the Chinese central bank and other regulators began rolling out various policies aimed at encouraging businesses and households to spend more money. A statement issued after the Politburo meeting mostly reiterated the same broad promises.

Beijing also has launched programs to pay subsidies for trade-ins of old cars and appliances that are replaced by new, more energy efficient ones.

The scheme has helped boost auto sales, one of the brighter areas of the economy, according to the Chinese Association of Automobile Manufacturers.

The industry body said this week that passenger car sales jumped 17.5% in November compared to a year ago, the second straight month of double-digit growth following a 10.7% rise in October.

"We continue to call for the extension of relevant policies that promote auto consumption," the association said, noting positive policy signals from the Politburo meeting.

Exports have also shown signs of strength, though rising tariffs imposed on electric vehicles and other Chinese products pose a threat to trade-led growth.

Meanwhile, the property market has shown signs of recovering from its prolonged downturn, though economists say a full recovery will take time.

___

Associated Press writer Ken Moritsugu and researcher Yu Bing in Beijing contributed to this report.

Continue Reading...

Popular

Elon Musk Sparks Controversy With Hard-Right 'Make Europe Great Again!' Post

Elon Musk has stirred the pot with a recent post on X shifting "from MAGA to MEGA" to "Make Europe Great Again!"

98 Opportunities for 1,000% Gains (And More) - Ad

During the most recent gold bull market, our team tracked down 98 separate opportunities for investors to make 10x their money or more. In fact, there are seven specific gold plays that we believe should be on every investor's radar right now.

German Lufthansa closes deal to acquire 41% of ITA Airways, gaining full control by 2033

ROME (AP) — Germany's Lufthansa Group on Friday finalized its acquisition of Italian airline ITA Airways, closing a long period of uncertainty for Italy’s former flagship carrier.

Get Your Retirement Plan in Shape in 2025 - Ad

The clock is ticking -- make the most of Q1 to set up a retirement plan that works for you. Datalign Advisory can help you get everything in order before tax time.

Few know Shalanda Young. But she saved the US from the kinds of economic crises Trump now faces

WASHINGTON (AP) — Few Democrats found ways to negotiate with Republicans quite like — whose work as White House budget director stopped several potential economic crises from erupting.

Lithuania vows to boost defense spending to 5-6% of GDP because of threat of Russian aggression

VILNIUS, Lithuania (AP) — Lithuania has decided to raise its spending on defense to between 5% and 6% of overall national economic output starting in 2026 due to the threat of Russian aggression in the region, Lithuanian President Gitanas Nausėda said Friday.

My TOP Altcoin for Right Now Is... - Ad

Searching for the top investment opportunity in crypto? Look no further. Our $3 report gives you the full scoop. You'll get this exciting token's name, our recommended investment strategy, and growth projections. Time is of the essence with this one...

TikTok CEO Shou Chew To Join Trump's Inauguration Alongside Musk, Bezos And Zuckerberg Amid Looming US Ban: Report

TikTok CEO Shou Chew will attend President-elect Donald Trump's inauguration alongside tech leaders like Elon Musk, Mark Zuckerberg, and Jeff Bezos, as TikTok faces a looming U.S. ban unless ByteDance divests its U.S. operations.

How TikTok grew from a fun app for teens into a potential national security threat

SAN FRANCISCO (AP) — If it feels like TikTok has been around forever, that's probably because it has, at least if you're measuring via internet time. What's now in question is whether it will be around much longer and, if so, in what form?

"Elon's No. 1 AI Stock" Set to Soar - Ad

Forget ChatGPT! Because Elon Musk's AI promises to be 100x more powerful. After all, ChatGPT just works online... While Elon's AI works in the real world.

As Tesla Soars 8%, Gary Black Cites Trump Impact, Elon Musk Pay Package, And $30K Car As Key Catalysts For EV Maker In 2025

Tesla Inc. shares climbed more than 8% Wednesday amid optimistic forecasts from prominent investor Gary Black, who cited multiple growth catalysts for the electric vehicle maker in 2025.

Perdue Farms to shut down Tennessee plant

MONTEREY, Tenn. (AP) — Perdue Farms plans to close a processing plant in Tennessee that employs more than 430 people.

The $20 Stock Powering NVIDIA, TESLA, and Microsoft - Ad

The biggest AI firms in the world... All rely on this single company. And right now, you can get in for only $20 - but not for long.

US lawsuit accuses Pepsi company of price discrimination that favored Walmart over smaller stores

The Federal Trade Commission sued on Friday, alleging that it has engaged in illegal price discrimination by giving unfair price advantages to one large retailer at the expense of other vendors and consumers.

TikTok Ban Decision Left To Trump By Biden Administration: What This Means For 170 Million US Users And Big Tech

The Biden administration has deferred enforcing the TikTok ban, leaving the decision to the incoming Trump administration, potentially impacting 170 million U.S. users and major tech companies as national security and divestment debates continue.

New AI Giant Trading up to 84% Less than Big Tech Stocks -- Set to Soar in 2025? - Ad

THIS is the single biggest money-making idea of my 43 years in the stock market.... And according to my calculations it could generate a fortune for fast-moving investors, who make their move before March 19. The problem is 99% of Americans have no idea this trade even exists. And that's good news for you... Because today you can get started with as little as $50!

Jim Cramer Questions Nvidia's Trading Pattern Amid Positive TSMC Earnings And Biden's China Export Regulations

NVIDIA Corp. is facing renewed market scrutiny as Jim Cramer questioned the stock's trading pattern on Thursday, amid growing concerns over China sanctions and positive earnings from key supplier Taiwan Semiconductor Manufacturing Co.

Litecoin Surges 12% After Analyst Says Altcoin Most Likely To Have Next ETF After Bitcoin, Ethereum

Litecoin (CRYPTO: LTC) surged as one of the market's biggest gainers Thursday after the Nasdaq stock exchange submitted a request to the SEC to list a spot exchange-traded fund tracking the coin's price.

Exposed: 3 Cent Crypto to Explode January 20th? - Ad

Chris Rowe, the man who spotted 44 different coins that have returned over 100%, is now making the biggest crypto call of his ENTIRE career.... Because a powerful crypto event will trigger on January 20th... Sending hundreds of tiny cryptos soaring 5X, 50X, even 100X -- in just days.

More countries, including China, are grappling with shrinking and aging populations

BEIJING (AP) — A growing number of countries are confronting the dual challenges of population decline and aging, as younger generations opt to have fewer children and advances in healthcare extend life expectancy.

Trump 2.0 Could Be Thwarted By Inflation, Mohamed El-Erian Notes Ahead Of CPI Data Release

Mohamed El-Erian shared Bloomberg's John Authers' analysis, warning that persistent inflation could hinder President-elect Trump's economic agenda as markets await December CPI data.

Missed Tesla? Don't Miss Elon's Next Big Move - Ad

Regardless of your personal opinion on Elon Musk... It's proven how effective he can be at creating millionaires with every new startup he touches. And while nothing is certain... I believe Elon's next venture, his "Final Move," could mint more millionaires than any project he's ever been a part of before.

Taiwanese chipmaker TSMC posts 57% surge in profit thanks to the AI boom

HONG KONG (AP) — Taiwan computer chip maker TSMC reported Thursday that its profit in the last quarter rose 57%, buoyed by the

SpaceX launches colossal Starship rocket and catches it for 2nd time with robotic arms

For the second time, used giant mechanical arms to catch its Starship rocket back at the pad minutes after liftoff Thursday.

Elon's "Final Move" Could Send This Stock Soaring - Ad

Whenever Elon Musk starts a new venture...Early investors get the opportunity to become millionaires...Early investors in Paypal made as much as 59,500%...SpaceX rose 5,500x in value...And most recently, Tesla jumped over 38,000%!

What's Going On With SoFi Technologies Stock Thursday?

SoFi Technologies Inc (NASDAQ:SOFI) shares are moving higher. The company on Thursday announced a personal loan securitization agreement with a global fixed income manager.

Former utility executives are indicted in an Ohio bribery scheme

A former CEO and one of his top executives with an Ohio energy company at the center of a $60 million bribery scheme have been indicted on racketeering charges, federal prosecutors announced Friday.

270x More Lucrative Than NVIDIA? - Ad

If you've missed out on NVIDIA's recent 1,600% run... Don't worry. Because there's one AI stock that could be a lot more lucrative. It's currently trading for only $20.

Target's Apparel Performance Provides Optimism, Analyst Favors Top End Of EPS Outlook

Target reports 2.8% holiday sales growth and strong apparel performance, with analyst expecting FY24 EPS at the higher end of guidance.

UK inflation unexpectedly eases in December, which could reduce pressure in bond markets

LONDON (AP) — Inflation in the U.K. unexpectedly fell in December, a move that will likely fuel pressure on the Bank of England to cut interest rates again next month.

More AI Patents Than Nvidia, OpenAI and Tesla Combined? - Ad

Most people have no idea this company exists. That's because it's on the inside of your smartphone, your computer, and everything else... 99% of Americans don't even know its name. Billionaires have been buying this $50 AI stock hand over fist...

What's Going On With Li Auto Stock Today?

Li Auto reportedly opens its first overseas R&D center in Germany. Recently, the company surpassed 200,000 L6 vehicle deliveries in under nine months.

A battery plant fire in California started during a boom for energy storage

AUSTIN, Texas (AP) — A fire at one of the in Northern California contained tens of thousands of lithium batteries that store power from renewable energy and a growing electricity source.

Bill Gates Is Betting Big on This New Technology - Ad

Bill Gates is betting the house on a new tech bound to make investors millions. He says the potential uses for it are "almost limitless." And he believes it is so revolutionary that soon we'll see one in every home. This is tech's next megatrend.

Bloomberg reports that Meta will lay off 5% of staff

News reports say that social media company Meta Platforms is planning to cut 5% of total staff this year by terminating staff based on performance and hiring new workers to replace them.

Federal Reserve says it will leave climate change organization

WASHINGTON (AP) — The Federal Reserve said Friday that it is leaving an international grouping of central banks that focused on how the financial system could help combat climate change. The Fed's membership has been criticized by Republicans in Congress.

1 Thing You Must Do in 2025 - Ad

With a new year just beginning, I think every Weiss Member would be smart to do one thing to kick-start the year ...Claim a special bar of Weiss gold bullion. It's a simple investment anyone can access in their regular brokerage account with just a few clicks.

What's Going On With Snap Stock Friday?

Snap shares are trading lower on Friday despite the United States Supreme Court upholding the TikTok ban-or-sale law.

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