The Daily

Rising protectionism globally and a deeper trade war with the US may give China the much-needed push to bolster domestic consumption, said Weijian Shan, who chairs one of Asia’s largest alternative asset managers.

An escalation of trade conflicts would spur China to reorient its economy “away from investments and exports in the direction of private consumption,” Shan said in an episode of the Asia Centric podcast with Bloomberg Intelligence.

 » Read more about: PAG Co-Founder Sees Trade War Benefiting China in the Long Run  »

When a champion trader who generated 941.1% returns in 2020 spotlights a stock in an uptrend, it’s worth paying attention.

That’s precisely what happened when Oliver Kell shed light on ServiceNow (NYSE: NOW), a company that continues to dominate the enterprise cloud computing industry by automating and managing digital workflows.

 » Read more about: Champion Trader Spots Hidden Giant Enterprise Software Market  »

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 » Read more about: Investing Around The Election And The Government Debt Problem  »

LATE FEES IF YOU MISS A CREDIT CARD PAYMENT./// “EVIL TWINS” HAVE PLAYED ROLES IN STORYTELLING SINCE THE DAWN OF TIME. AS CONSUMER REPORTER ASA AARONS SMITH REPORTS … THEY’RE FINDING THEIR WAY INTO HIGH-TECH CONSUMER SCAMS. <> “EVIL TWIN STORIES HAVE AS LONG AND SCARY A LEGACY AS VAMPIRES, ZOMBIES, AND OTHER MAKE- BELIEVE HORROR VILLAINS.

 » Read more about: Ask Asa: Protect yourself from high-tech 'evil twins'  »

Workers suing Dartmouth-Hitchcock Clinic negotiated a class-wide settlement to end their lawsuit over the fees and investment options in the New Hampshire health system’s retirement plans.

The parties are in the process of finalizing a settlement agreement and expect to complete that process within 60 days, they said in a joint notice filed Thursday in the US District Court for the District of New Hampshire.

 » Read more about: New Hampshire Health System Strikes Deal Over Retirement Plans  »

Just because an ETF has the word “dividend” in its name doesn’t mean that dividend yield is the focus of the fund.

 » Read more about: This Vanguard Dividend Appreciation ETF Is Better for Growth Than Dividends  »

 » Read more about: Investors risk 'information overload' ahead of election, BlackRock says  »

Semiconductor titan Nvidia (NASDAQ: NVDA) is one of the best-performing stocks of 2024, lagging behind only AI sympathy play Vistra Corp (NASDAQ: VST).

The company has managed to secure outsized returns propped up by increasing AI demand from key industries. Nvidia now has a market capitalization equal to roughly 12% of the United States GDP. 

 » Read more about: Nvidia stock could crash if major client is delisted  »

China has directed its auto manufacturers to pause substantial investments in European Union (EU) countries that endorse additional tariffs on Chinese-built EVs, reported Reuters,

 » Read more about: China directs automakers to halt investments in EU countries supporting EV tariffs  »

As Samvat 2080 comes to an end, gold and silver have surged to unprecedented levels, benefiting from central bank demand, global economic shifts, and a strong appetite for safe-haven assets. The rally in these metals has been further supported by investors seeking portfolio diversification amid economic uncertainty.

Max Layton of Citi,

 » Read more about: Mahurat Trading: Demand surge drives gold and silver to new heights – analysts predict further gains through 2025  »