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Maskless Xi, China's Modest GDP Target, Hong Kong: NPC Update


Maskless Xi, China’s Modest GDP Target, Hong Kong: NPC Update
Bloomberg
3/5/2021
Bloomberg News
(Bloomberg) China’s most senior officials gathered in Beijing to kick off the annual full-session of the country’s parliament, the National People’s Congress.
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Chinese Premier Li Keqiang unveiled a conservative target for economic growth this year of above 6% that signals more restrained monetary and fiscal policies this year, in contrast to other major nations still pumping in stimulus. But China’s new five-year plan that runs through 2025 didn’t give a numeric target for average growth.
What to Know:Click here to read more on this year’s NPCEverything you need to knowFull NPC reports. Highlights hereA QuickTake explainer on the NPCWhat analysts say to watch out for this yearBloomberg Intelligence previews the NPC. Reaction to GDP goalHow China plans to be greener by 2025Clips of other reactions here and her ....

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Stocks Fall as Wall Street Worries Anew About Virus Impact on Growth


Nasdaq Closes at Record, Stocks Mixed on Worry Over Virus Impact on Growth
TheStreet
1/22/2021
© TheStreet
Nasdaq Closes at Record, Stocks Mixed on Worry Over Virus Impact on Growth
Stocks finished mixed Friday as a spike in coronavirus infections and the possibility of stricter lockdowns offset expectations of more economic support from the Biden administration.
The Nasdaq closed at a record for a second day, edging up 0.09% to 13.543.
The Dow Jones Industrial Average finished down 179 points, or 0.57%, to 31,996 on Friday, while the S&P 500 fell 0.3% to 3,841.
For the week, the Dow industrials edged up 0.6%. The S&P moved up 1.9% and the Nasdaq Composite leaped 4.2%. ....

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Stocks Fall as Biden Lays Out Rescue Plan and Bank Shares Slip


Stocks Finish Lower as Wall Street Scrutinizes Biden Relief Plan
TheStreet
1/15/2021
© TheStreet
Stocks Finish Lower as Wall Street Scrutinizes Biden Relief Plan
Stocks ended lower Friday, finishing a losing week, as President-elect Joe Biden unveiled a $1.9 trillion covid-19 relief package, banks fell after kicking off earnings season, and U.S. retail sales were worse than expected.
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The Dow Jones Industrial Average fell 177 points, or 0.57%, to 30,814, the S&P 500 declined 0.72% and the Nasdaq was down 0.87%.
For the week, the Dow industrials gave up 0.9%, the S&P 500 fell 1.5% and the Nasdaq Composite lost 1.5%.
Biden s American Rescue Plan includes $1,400 checks for individuals, on top of $600 provided in the most recent relief bill. ....

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Stocks Fall as Wall Street Confronts Risks to Record Rally


Stocks Close Off Records as Investors Confront Risks to Record Rally
TheStreet
1/11/2021
© TheStreet
Stocks Close Off Records as Investors Confront Risks to Record Rally
Stocks fell Monday and Wall Street came off last week s records as investors worried about fresh political and economic risks and a resurgence of the coronavirus.
Democrats in the U.S. House of Representatives on Monday introduced an article of impeachment against President Donald Trump, charging him with incitement of insurrection following last week s deadly invasion of the Capitol.
The Dow Jones Industrial Average declined 89 points, or 0.29%, to 31,008, the S&P 500 fell 0.66% and the Nasdaq was down 1.25%. ....

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