China struggles to disperse cheap loans to businesses in economic slowdown
Banks’ credit fears and companies’ reluctance to take on debt undercut targeted stimulus strategy (Source: Reuters: Health)
Source: Reuters: Health - December 31, 2023 Category: Consumer Health News Source Type: news
The Santa Claus rally in stocks may end abruptly
- and an economic slump looks assured in 2024, top economist David Rosenberg says • None The Santa Claus rally in stocks could end abruptly with a "nasty January," David Rosenberg said. • None The economy may slump in 2024 as past fiscal excess and…#santaclaus #davidrosenberg #rosenbergresearch #greatrecession #northamerican #merrilllynch #santa #newyear #households (Source: Reuters: Health)
Source: Reuters: Health - December 30, 2023 Category: Consumer Health News Source Type: news
California Is Expanding Health Care Coverage For Low-Income Immigrants in the New Year
SACRAMENTO, Calif. — More than 700,000 immigrants living illegally in California will gain access to free health care starting Monday under one of the state’s most ambitious coverage expansions in a decade.
It’s an effort that will eventually cost the state about $3.1 billion per year and inches California closer to Democrats’ goal of providing universal health care to its roughly 39 million residents.
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Democratic Gov. Gavin Newsom and lawmakers agreed in 2022 to provide health care access to all low-income adults regardless of their immigration sta...
Source: TIME: Health - December 30, 2023 Category: Consumer Health News Authors: TRÂN NGUYỄN / AP Tags: Uncategorized News Desk wire Source Type: news
Analyst Says China's Economic Downturn To Deepen In 2024:'Will Be Slower Than 2023 '
The Chinese economy is anticipated to experience a more severe slowdown in 2024, with no industry in a position to propel a widespread recovery, according to the managing director of China’s Beige Book. What Happened: Shehzad Qazi, China’s Beige Book managing director, suggested in a CNBC…#beigebook #shehzadqazi #beijing #imf #qazi #kylebass #goldmansachs #samaltman #questionsinterest #aibrilliance (Source: Reuters: Health)
Source: Reuters: Health - December 29, 2023 Category: Consumer Health News Source Type: news
The recession that never was
Anyone who predicted a recession in 2023 was about as spot on as those doomer astrologists who warned of an apocalypse in 2012. Most Wall Street pundits spent the fall of 2022 anxiously bracing for an economic slump sometime in the following 12 months. Instead, they were blindsided by various…#bloombergeconomics #federalreserve #jpmorgan #jamiedimon #q4 #treasury #janetyellen #markzandi #zandi #morningbrew (Source: Reuters: Health)
Source: Reuters: Health - December 27, 2023 Category: Consumer Health News Source Type: news
Holiday spending grew, erasing worries of a downturn
Consumer spending grew solidly this holiday season, rebuking concerns of a slowdown and reinforcing positive signals about the U.S. economy as it approaches the end of a tumultuous year. Buying among shoppers rose 3.1% over the holidays compared to the same period last year, according to data…#michellemeyer #meyer #blackfriday #adobeanalytics #sensormaticsolutions #credit #federalreserve #jeromepowell (Source: Reuters: Health)
Source: Reuters: Health - December 27, 2023 Category: Consumer Health News Source Type: news
JPMorgan fund manager: record dividends, buy-backs offer respite from Chinese stock market ’s slump
Chinese stocks took another beating this year, as a post-Covid-19 economic recovery faltered and the property crisis deepened while Beijing’s stimulus measures fell short of expectations. The MSCI China Index has lost more than 14 per cent this year, trailing most of its global peers, and its…#beijing #lilianleung #chinaincomefund #hongkong #csi #lining #meituan #wuxibiologics #tencentholdings #enduring (Source: Reuters: Health)
Source: Reuters: Health - December 27, 2023 Category: Consumer Health News Source Type: news
The U.S. avoided a recession in 2023. What ’s the outlook for 2024? Here’s what experts are predicting
Heading into 2023, the predictions were nearly unanimous: a recession was coming. As the year comes to a close, the forecasted economic downturn did not arrive. So what's in store for 2024? An economic decline may still be in the forecast, experts say. The prediction is based on the same factors…#federalreserve #bankofamerica #larryadam #raymondjames #nabe #massmutual #lendingtree #barryglassman #markhamrick #bankrate (Source: Reuters: Health)
Source: Reuters: Health - December 26, 2023 Category: Consumer Health News Source Type: news
Downturn or Not? At Year ’s End, Wall St. Is Split on What’s Ahead
Twelve months ago, Tom Lee bet that 2023 was going to turn out just fine. While many of his peers on Wall Street were sounding the alarm over an impending economic downturn, Mr. Lee, a stock market strategist who spent more than a decade running J.P. Morgan’s equity research before setting up his…#tomlee #jpmorgan #ukraine #israel #epfrglobal #morningstardirect (Source: Reuters: Health)
Source: Reuters: Health - December 26, 2023 Category: Consumer Health News Source Type: news
Student loan payments restarted after a COVID pause. Why the economy is barely feeling it
The relaunch of student loan payments this fall was expected to pose a hurdle to an economy facing a sharp slowdown and possibly even a recession next year. It isn’t, at least partly because many of the borrowers, who collectively owe $1 trillion, aren’t paying up amid a year-long grace period.…#nt #bidenadministrations #nancyvandenhouten #oxfordeconomics #vanhouten #michaelfiddelke #treasurydepartment #oxford #treasury #markkantrowitz (Source: Reuters: Health)
Source: Reuters: Health - December 26, 2023 Category: Consumer Health News Source Type: news
LVMH and Kering felt the pinch in 2023
Luxury goods once seemed immune to economic woes, but the luster may be fading. During the pandemic, the luxury market thrived as the affluent—unfazed by price hikes—indulged in Birkin bags and rare watches. Yet, signs now point to a slowdown in the “roaring 20s” luxury boom. Take China, for…#birkin #claudiadarpizio #bainco #louisvuitton #gucci #kering #patekphilippe #hermès #q3 #yoy (Source: Reuters: Health)
Source: Reuters: Health - December 25, 2023 Category: Consumer Health News Source Type: news
Homebuyers are being haunted like Scrooge this holiday season as Fortune 500 chief economist sees ‘housing market of Christmas past’ settling in for 2024
The old adage that history repeats itself can be just as worrisome as it is comforting. But in a time of stress, like a housing crisis, recession or other economic downturn, it’s human nature to string together comparisons to the past as a way to understand the present says Mark Fleming, chief…#markfleming #fortune500 #firstamerican #fanniemae #priscillaalmodovar #marketwatch #fleming #ebenezerscrooge #fortune #federalreserves (Source: Reuters: Health)
Source: Reuters: Health - December 23, 2023 Category: Consumer Health News Source Type: news
China ’s top 100 storied brands lose 4.5 per cent of their intangible assets value as economic downturn weakens consumer demand: Hurun Report
The decline resulted from deflationary pressure on the Chinese economy as sluggish domestic demand continued to plague the consumer market, said Eric Han, a senior manager at Suolei, an advisory firm in Shanghai. The consultancy known for its China Rich List found that the intangible assets of…#erichan #suolei #shanghai #chinarichlist #hurunreport #han #wuliangyeyibin #tongrentang #chinaquanjude #ruperthoogewerf (Source: Reuters: Health)
Source: Reuters: Health - December 23, 2023 Category: Consumer Health News Source Type: news
Dealmakers see rebound after global M & A volumes hit decade-low in 2023
Mergers and acquisitions (M&A) activity fell to its lowest level in ten years globally in 2023, as high interest rates and an economic slowdown weighed on companies’ deal making confidence, but bankers and lawyers expect a pickup as conditions improve. Total M&A volumes fell 18 per cent to about…#dealogic #pauljtaubman #pjtpartners #asiapacific #avinashmehrotra #goldmansachs #tommiles #americasma #exxonmobils #chevroncorps (Source: Reuters: Health)
Source: Reuters: Health - December 21, 2023 Category: Consumer Health News Source Type: news
Online shopping for holidays exceeds 2020 pandemic high, CNBC economic survey shows
After a two-year slump below its pandemic high, online shopping made a comeback this holiday season. The CNBC All-America Economic Survey finds 57% of Americans naming online shopping as their top one or two destinations for Christmas gifts. In 2006, online shopping accounted for just 18% of…#micahroberts #amazon #walmart (Source: Reuters: Health)
Source: Reuters: Health - December 19, 2023 Category: Consumer Health News Source Type: news
