Business

BEIJING (Reuters) – China’s finance ministry on Saturday unveiled a fiscal stimulus package aimed at reviving the flagging economy and achieving the government’s growth target, though it did not disclose the size of the new measures. The ministry said at a press conference that it would “significantly” increase government debt …

China is expected to announce extra fiscal policy support on Saturday. Analysts expect $283 billion worth of stimulus to be pledged, Bloomberg reported. The lack of consumer support in China’s last stimulus package disappointed investors. Financial markets in China are waiting for Beijing to finally provide fiscal stimulus at a …

SINGAPORE (Reuters) – China said on Saturday it will “significantly increase” government debt issuance to offer subsidies to people with low incomes, support the property market and replenish state banks’ capital as it pushes to revive sputtering economic growth. Finance Minister Lan Foan told a news conference there will be …

By Kevin Yao and Joe Cash BEIJING (Reuters) -China said on Saturday it will “significantly increase” government debt issuance to offer subsidies to people with low incomes, support the property market and replenish state banks’ capital as it pushes to revive sputtering economic growth. Without providing details on the size …

(Reuters) – A U.S. appeals court on Friday put on hold approvals and permits necessary to allow a Kinder Morgan subsidiary to construct a 32-mile gas pipeline in Tennessee, at the urging of environmental groups. The proposed Cumberland Project, set to be constructed by Kinder Morgan’s Tennessee Gas Pipeline, could …

Getty Images; Jenny Chang-Rodriguez/BI AI enthusiasm has rebounded in recent weeks after investors worried about returns over the summer. In the next wave of investment, Goldman Sachs analysts recommend “platform” stocks like Microsoft and Datadog. Analysts recommend stocks that will build a direct application of AI and allow for more …

Chinese stocks are poised for a huge run-up in the next year, according to Renaissance Macro’s Jeff deGraaf. The research firm CEO said perfect conditions are aligning for additional gains exceeding 50%. Other notable investors have been looking to buy the dip in Chinese stocks amid continued stimulus efforts. China’s …

Slaven Vlasic/Getty Images for The New York Times; Chelsea Jia Feng/BI Nvidia stock is set for more gains as demand for its GPU chips surges, Morgan Stanley says. Nvidia’s Blackwell GPU is on schedule and is sold out for the next 12 months, the company said. Inference computing growth boosts …

Boeing plans to lay off about 10% of its workers in the coming months, about 17,000 people, as it continues to lose money and tries to deal with a strike that is crippling production of the company’s best-selling airline planes. New CEO Kelly Ortberg told staff in a memo Friday …

Boeing stock (BA) slid 2% in after-hours trading Friday as the company said it would cut its workforce by 10%, or roughly 17,000 jobs, and delay the first delivery of its 777X jet to 2026 amid an ongoing worker strike. “Our business is in a difficult position, and it is …