BEIJING (Reuters) – China’s consumer prices rose at the slowest pace in four months in October while producer price deflation deepened, data showed on Saturday, even as Beijing doubled down on stimulus to support the sputtering economy. In its latest stimulus measures, the country’s top legislative body approved a 10 trillion yuan ($1.4 trillion) package on Friday to ease local government “hidden debt” burdens, rather than directly injecting money into the world’s second-biggest economy, as some investors had hoped. Analysts say the package will likely do little to boost economic activity, demand and prices in the near term. The consumer…
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Lewis Hamilton recently expressed his desire to see Formula 1 bring back manual gearboxes and gravel traps, calling them important aspects of “old school” racing that he feels could enhance the excitement and challenge of modern F1. This sentiment came after Hamilton drove Ayrton Senna’s iconic 1990 McLaren MP4/5B in Brazil, a car featuring the traditional H-pattern manual gearbox, fulfilling a lifelong dream of his. Driving Senna’s car in wet conditions at Interlagos allowed Hamilton to experience firsthand the skill required for a manual gearbox, which he found exhilarating compared to the paddle-shift systems used in current F1 cars. Reflecting…
The recent changes to the 2026 Formula 1 regulations have introduced major design shifts, with McLaren’s Andrea Stella and Williams’ James Vowles expressing optimism about the impact on car performance and creative freedom. Stella emphasized that the updated regulations grant teams significantly more downforce potential and allow more freedom in car design. This freedom is expected to lead to greater design diversity among teams, encouraging innovation and competition by allowing teams to better leverage their knowledge and experience in car development. Williams’ team principal Vowles shared Stella’s enthusiasm, explaining that these changes are not only beneficial for individual teams but…
Global private capital firms are charting a well-traveled course. With their sprawling empires, the largest alternative asset managers have adopted strategies that borrow extensively from the octopus-like corporate conglomerate business model. The Age of Private Market Empires Many private equity (PE) firms are building product lines that are adjacent if not necessarily complementary to their traditional buyout activities. These product lines all sit under one common umbrella: capital solutions. That is why the moniker “financial conglomerate” now applies. By aggregating multiple and sometimes loosely related businesses, these modern conglomerates achieve two main purposes: They consolidate market power and diversify away…
By Yantoultra Ngui SINGAPORE (Reuters) – Singapore’s biggest lender DBS Group Holdings Ltd (OTC:) is exploring expanding into Malaysia with potential acquisitions of stakes in banks in its Southeast Asian neighbour, including in one of Malaysia’s smallest banks by assets, two sources said. DBS is exploring a purchase of Singapore state investor Temasek’s 29.1% stake in Alliance Bank Malaysia Bhd, said the two sources with knowledge of the matter, a slice currently valued at about $460 million. Temasek is biggest shareholder in DBS with a 28.9% stake, according to LSEG data. Other options for expanding into Malaysia include buying Kuwait…
Karun Chandhok, a former F1 driver, has voiced concerns over Franco Colapinto’s potential move to Red Bull, suggesting it may be “too soon” in his career for such a high-stakes role. While Colapinto, a young and talented Argentine driver, has shown promise on the F1 grid, Chandhok believes a jump to Red Bull might be premature. Instead, he proposes that a move to Red Bull’s sister team, VCARB, could allow Colapinto to continue his development in a less demanding environment, easing his transition into top-tier racing without the intense pressure that comes with Red Bull. Colapinto’s prospects became a focal…
CNBC’s Jim Cramer on Friday identified what to look out for next week on Wall Street, highlighting earnings from Home Depot, Disney and new consumer price index data from the Labor Department. Cramer also reflected on the Trump-fueled market rally over the past few days, saying there are likely more gains to come.”Stocks are about to have a champion in the White House again, even if you might think they aren’t worthy of a presidential supporter,” he said. “I say get used to it, even though the buying’s started already, because we got a lot more room to run.”On Monday,…
Nopphon Pattanasri | Istock | Getty ImagesInvestors have been able to get the best returns on cash, as the Federal Reserve raised interest rates to bring down the pace of inflation.Now that the central bank is lowering rates — with a new quarter point rate cut announced by the Fed on Thursday — experts say having money in cash can still be a competitive strategy.”The best yields, whether we’re looking at high yield savings accounts, money markets or CDs [certificates of deposit] are well ahead of inflation, and that’s likely to continue for a while,” said Greg McBride, chief financial…
If you’re a beginner investor, the idea of creating a portfolio from the ground up can feel like an impossible goal to achieve. That’s why you should start by looking at stocks that are set to beat the market over the next 12 months, a strategy that’s been proven to generate strong returns. Let’s now take a look at one standout stock that could be a perfect fit for your portfolio. Founded in 1959 and based in Ankeny, IA, Casey’s General Stores, Inc. operates convenience stores under the Casey’s and Casey’s General Store names in 16 states, mainly Iowa, Missouri…
In a recent Women & Money podcast episode, Suze Orman and her wife KT shared a heartfelt email from a listener named Anna. Anna’s message struck a chord as she expressed guilt and self-doubt after a year of extraordinary financial success, earning $1.4 million. Don’t Miss: Anna’s journey to this achievement wasn’t straightforward – it involved facing personal challenges, including leaving a marriage to prioritize her happiness. Despite her professional accomplishments, she struggles with feeling deserving of her newfound wealth. Anna’s email began with a note of gratitude for Orman’s past advice, which she says helped her take charge of…