China’s top leaders sought to project confidence in the country’s economy on Wednesday despite sluggish growth, an escalating trade war with the United States and growing geopolitical uncertainty caused by the Trump administration.The government set a bold target for the year, with Premier Li Qiang, China’s highest-ranking official after Xi Jinping, saying that China would expand its economy by “around 5 percent” in a report at the opening of the annual session of the country’s rubber-stamp legislature.The meeting in Beijing, called the National People’s Congress, is a tightly scripted political pageant, showcasing how Mr. Xi plans to lead China through…
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Pictured here is a residential complex under construction in Hangzhou, China, on Dec. 16, 2024.Nurphoto | Nurphoto | Getty ImagesBEIJING — China on Wednesday announced plans to raise its fiscal deficit to “around 4%” of gross domestic product, a rare increase that marks a meaningful shift in policy.The target was confirmed in an official government report for review in parliament on Wednesday.The new deficit plan, which is up from 3% last year, comes amid an escalating trade war with U.S. President Donald Trump’s administration. An increase to 4% of GDP had been widely expected. It marks the highest fiscal deficit…
CrowdStrike reported a strong fourth-quarter results Tuesday night, delivering beats on revenue, adjusted earnings and net new annual recurring revenue. However, the stock is under pressure in extended trading after the fast-growing cybersecurity company’s fiscal 2026 full-year outlook was slightly below the consensus forecast. After booking profits in CrowdStrike a couple of times above $400 per share earlier this year, we can look to buy those shares back at these lower prices. Revenue in the fiscal 2025 fourth quarter increased 25% year over year to $1.06 billion, beating the consensus estimate of $1.03 billion, according to LSEG. Adjusted earnings per…
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailJan Kniffen, CEO of J. Rogers Kniffen Worldwide Enterprises, joins ‘Fast Money’ to talk what is dragging on the retail sector, Target quarterly results, and more. Source link
An aerial view of a new city district in southern China’s Nanning city on Feb. 28, 2025.Nurphoto | Nurphoto | Getty ImagesChina on Wednesday set its GDP growth target for 2025 at “around 5%” as it starts its annual parliamentary meeting amid escalating trade tensions with the U.S.Beijing raised its budget deficit target to “around 4%” of GDP from 3% last year.The 4% deficit would mark the highest on record going back to 2010, according to data accessed via Wind Information. The prior high was 3.6% in 2020, the data showed.The government report laid out a plan to issue 1.3…
President Donald Trump delivers his State of the Union address to a joint session of the U.S. Congress on Capitol Hill in Washington, U.S. January 30, 2018.Leah Millis | ReutersPresident Donald Trump is set to address a joint session of Congress on Tuesday night amid stock market turmoil driven by his stiff new tariffs on Canada, Mexico and China, and the controversy over Elon Musk’s DOGE campaign to slash federal spending and workforce levels.The speech, scheduled to begin at 9:10 p.m. ET, comes on the heels of Trump’s stunning verbal clash with Ukrainian President Volodymyr Zelenskyy in the Oval Office…
A man carrying a kite in the shape of the Chinese national flag walks along the Bund while buildings of Pudong’s Lujiazui financial district in Shanghai, ChinaBloomberg | Bloomberg | Getty ImagesAsia-Pacific markets opened mostly higher Wednesday amid worries over U.S. President Donald Trump’s tariffs and escalating global trade tensions.Australia’s S&P/ASX 200 fell 0.73%.Japan’s Nikkei 225 added 0.25% while the Topix rose 0.28%. South Korea’s Kospi climbed 1.09% while the small-cap Kosdaq advanced 1.26%.Futures for Hong Kong’s Hang Seng index were at 23,014, higher than the HSI’s last close of 22,941.77.Investors will be looking out for announcements coming out of…
The final trades of the day with CNBC’s Melissa Lee and the Fast Money traders. Source link
Traders work on the floor of the New York Stock Exchange in the Financial District in New York City on March 4, 2025.Timothy A. Clary | Afp | Getty ImagesU.S. stock futures rose Tuesday night after all three major averages suffered sharp losses for a second session.Futures tied to the Dow Jones Industrial Average rose 273 points, or 0.6%. S&P 500 futures and Nasdaq 100 futures added 0.7% and 0.8%, respectively.The blue-chip Dow tumbled 670.25 points, or 1.55%, to end Tuesday’s regular trading session. The S&P 500 dropped 1.22%, and the Nasdaq Composite shed 0.35%. The tech-heavy Nasdaq had dipped…
Grapes are seen in a vineyard in Ruedesheim am Rhein, western Germany.Kirill Kudryavtsev | Afp | Getty ImagesGlobal wine consumption has been on a steady decline in recent years — and it’s forced the wine industry to adapt. Organic and orange wines, non-alcoholic options and high-end fine vintages are all seeing increased demand, as growing health awareness and rising inflation hit consumer habits.Global wine production is expected to have fallen around 2% last year, hitting its lowest levels since 1961, according to the International Organization of Wine and Vine’s 2024 World Wine Production Outlook. Climate issues and adverse weather events played…
