Morgan Stanley overweight Chinese stocks Morgan Stanley strategists raised its recommendation for Chinese stocks to overweight, according to a Sunday note. The upgrade marks the end of the company’s equal weight position in Chinese stocks that it has held for nearly two years, strategists led by Laura Wang said. Morgan Stanley noted that several factors …
Hong Kong shares jump 3% as China relaxes some virus rules Read More »
Deere (DE) gave a strong outlook for 2023 early Wednesday after beating earnings and revenue estimates for its fourth quarter, despite supply headwinds. DE stock broke out of a buy zone. X Deere, an industry indicator, benefited from farm equipment prices constrained to record highs by parts shortages, as well as higher crop prices. These …
Bellwether Stock Pops, Guides ‘Another Strong Year’ After Profits Jump Read More »
US household debt soars to $16.5 trillion – an 8.3% rise in the fastest rise since 2008 – as inflation pushes Americans to tap lines of credit to afford rising prices U.S. household debt has risen 8.3% in the past year, the fastest pace since 2008 Total household borrowing hit $16.51 trillion in the third …
US household debt climbs to $16.5 trillion, biggest jump since 2008 Read More »
