China’s troubled housing market will continue to see softness as a slew of government stimulus and support measures have not been “satisfactory” in propping up the sector, according to a JPMorgan economist.The “housing market crash is still not over yet,” Haibin Zhu, chief China economist at JPMorgan told CNBC’s “Squawk Box Asia” Monday, adding home prices would not stabilize until 2025 at the earliest.The average price for new home sales across 100 Chinese cities rose by a modest 0.11% from July, a further slowdown from June’s 0.13% growth, according to data released by China Index Academy Saturday. Resale home prices…
Author: usaeverydaylife
Three down, 35 to go.An international break is upon us just as the Premier League was clicking into gear. On Saturday, Arsenal dropped points at home for the first time since mid-April, Manchester City continued a 12-game winning streak and we were treated to the latest comeback from two goals down in Premier League history at Goodison Park.Sunday did not disappoint, either. Newcastle United edged a fiercely contested clash with Tottenham Hotspur before Liverpool made light work of Manchester United in a comprehensive 3-0 victory, with Arne Slot becoming the first Liverpool manager to win his first game at Old…
A MLB store in the Myeongdong shopping district in Seoul, South Korea, on Saturday, March 9, 2024.Bloomberg | Bloomberg | Getty ImagesAsia-Pacific markets mostly climbed on Tuesday as investors assess South Korea’s August inflation numbers, which eased to its lowest level on a year-on-year basis since March 2021.The country’s consumer price index recorded a 2% rise year on year, coming down from July’s 2.6% and in line with expectations from a Reuters poll of economists.On a month-on-month basis, the CPI rose 0.4%, slightly higher than the 0.3% expected from the Reuters poll.Japan’s Nikkei 225 was 0.18% up in early trade,…
Investors have been looking beyond the United States, and one Asian country stands out, according to Malcolm Dorson, a senior portfolio manager at Global X ETFs. “Investors are now looking for international allocations, and their first stop has been India,” amid expectations of rate cuts in the United States, Dorson – who manages the Global X Active India ETF – told CNBC Pro on Aug. 24. Global X’s parent, Mirae Asset, is one of the largest foreign asset managers in India. “Indian stocks have been remarkable. We’re seeing participation in global market upside but really little participation in terms of…
CHARLOTTE, N.C. — Adam Thielen didn’t need six weeks of training camp and preseason practices to see a change in Bryce Young. Thielen noticed something different about the Carolina Panthers’ second-year quarterback in April when the team convened for the start of its offseason program.“I saw it the day he got back here for OTAs. You could just see his mindset, his energy, his confidence. And I think his ability to just be himself,” Thielen said. “It’s difficult at times to be yourself when you first come to a new place and to a new league. You’re just trying to…
Wall Street bank Citi has identified two stocks that it believes are well-positioned to thrive regardless of shifts in the interest rate environment or political landscape. Citi’s research comes ahead of the Federal Reserve’s potential interest rate cut later this month and the upcoming U.S. elections in November. The investment bank said three areas within the green sector — clean water, energy efficiency, and nuclear energy — are “less rate/politics sensitive” and attractive for investors, in a note to clients on Aug. 30. Ecolab , a Minnesota-based water purification and hygiene firm and infrastructure engineer firm IDEX are the two…
Follow live coverage of Day 8 at the 2024 US OpenNEW YORK — Karolina Muchova already had shot of the tournament sewn up when she produced an early contender for the best performance of the U.S. Open so far.Muchova’s 6-3, 7-6(5) win over Naomi Osaka last Thursday night was a masterclass of variety and shotmaking. In one service game in the second set, Muchova held to love thanks to two volley winners, an ace, and a devilish slice that a discomfited Osaka could only flub into the net.Osaka wasn’t at her best, but rallied in the second set, and briefly…
Traders work on the New York Stock Exchange (NYSE) floor on August 08, 2024 in New York City. Spencer Platt | Getty ImagesU.S. stock futures were little changed Monday night as traders braced for a potentially tough month ahead after a strong but volatile August.Futures tied to the Dow Jones Industrial Average slipped 15 points. S&P 500 futures rose 0.1%, and Nasdaq-100 futures gained 0.2%.U.S. markets were closed Monday due to the Labor Day holiday.The major averages are coming off a winning session, securing a gain for the month. The S&P 500 rose 2.3% in August, marking its fourth straight monthly…
LAS VEGAS — For most coaches, Week 1 is about shaking off the rust, seeing some young guys get their first game reps and hopefully taking care of business to start 1-0.For LSU’s Brian Kelly, on the other hand, Week 1 has become an annual existential crisis.Late Sunday night at Allegiant Stadium, Kelly fielded questions from the media following his third consecutive season-opening neutral-site loss, this one a last-second 27-20 heartbreaker to No. 23 USC. It did not take long for him to let the assembled room know how angry he was with the result.In fact, his very first words…
Follow live coverage of Day 7 at the 2024 US OpenNEW YORK — In the late afternoon sunshine Friday, spectators were forced to stand in the bleachers of a packed Court 11 at the Billie Jean King National Tennis Centre. Outside, more queued to get in. Ben Shelton and Frances Tiafoe, two superstars of American tennis, were busy slugging it out on Arthur Ashe Stadium, but a first-round, mixed-doubles match on the outside courts was the hottest ticket at the U.S. Open.This is the pull of Paula Badosa and Stefanos Tsitsipas, more familiarly known as “Tsitsidosa.”Badosa and Tsitsipas, both 26,…
