Listen to this article Listen to this article 1x China has launched a 100 billion yuan ($14 billion) fiscal-financial package aimed at boosting domestic demand, Finance Minister Lan Fo’an said Friday. The initiative combines fiscal incentives with bank lending to channel credit into consumption and private investment as demand remains weak. Fiscal funds will subsidize borrowing costs and provide f...
Listen to this article Listen to this article 1x China has launched a 100 billion yuan ($14 billion) fiscal-financial package aimed at boosting domestic demand, Finance Minister Lan Fo’an said Friday. The initiative combines fiscal incentives with bank lending to channel credit into consumption and private investment as demand remains weak. Fiscal funds will subsidize borrowing costs and provide financing guarantees, guiding financial institutions to expand lending in targeted areas, Lan said.
China will root out wasteful spending and strive to boost government revenue, Finance Minister Lan Fo’an said on Friday, sending a strong message of frugality soon after unveiling a more modest fiscal stimulus package for this year. “China’s government doesn’t have unlimited funds,” he told reporters at a briefing in Beijing on the sidelines of the ongoing session of the National People’s Congress...
China will root out wasteful spending and strive to boost government revenue, Finance Minister Lan Fo’an said on Friday, sending a strong message of frugality soon after unveiling a more modest fiscal stimulus package for this year. “China’s government doesn’t have unlimited funds,” he told reporters at a briefing in Beijing on the sidelines of the ongoing session of the National People’s Congress, the country’s parliament. “We must significantly cut inefficient expenditure. We won’t spend a penny on anything without return on investment,” he said, adding the government aims to “get more things done with less money.” Top officials are becoming increasingly insistent on belt-tightening, underscoring the government’s deep concern with fiscal sustainability. That could temper expectations of how much more stimulus is on the cards later into the year. The latest remarks came a day after Lan submitted the 2026 budget report to the NPC, with China’s broad deficit as a percentage of gross domestic product declining from last year’s plan. China’s fiscal leeway has been shrinking because of a rapid government debt buildup in recent years, which was needed to stabilize the economy as consumer and business sentiment remained stubbornly weak. Interest payments have been climbing while income falls under pressure from deflation and a property downturn, making the country’s credit-driven growth model unsustainable. Investment posted an unprecedented slump last year. President Xi Jinping has repeatedly warned officials against making inefficient investments in pursuit of “reckless” growth in the economy, indicating a slower rate of expansion is acceptable. On Thursday, the government announced a 4.5%-5% target for growth in the world’s second-largest economy this year, lowering the goal for the first time since 2023. China Sets Lowest Growth Target Since 1991 as Old Model Falters China Plans Slowest Boost to Defense Spending Since 2022 at 7% China’s New Push Against ‘Rat Race’: Wh...
Intech Investment Management LLC reduced its position in shares of Astera Labs, Inc. (NASDAQ:ALAB - Free Report) by 57.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,894 shares of the company's stock after selling 12,205 shares during the period. Intech Investment Management LLC's holding...
Intech Investment Management LLC reduced its position in shares of Astera Labs, Inc. (NASDAQ:ALAB - Free Report) by 57.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,894 shares of the company's stock after selling 12,205 shares during the period. Intech Investment Management LLC's holdings in Astera Labs were worth $1,741,000 at the end of the most recent quarter. Other hedge funds have also made changes to their positions in the company. Clearstead Advisors LLC boosted its stake in shares of Astera Labs by 13.6% in the third quarter. Clearstead Advisors LLC now owns 636 shares of the company's stock worth $125,000 after acquiring an additional 76 shares during the last quarter. Great Valley Advisor Group Inc. boosted its stake in Astera Labs by 2.2% during the 2nd quarter. Great Valley Advisor Group Inc. now owns 4,119 shares of the company's stock worth $372,000 after purchasing an additional 90 shares during the last quarter. Rye Brook Capital LLC boosted its stake in Astera Labs by 1.1% during the 3rd quarter. Rye Brook Capital LLC now owns 9,200 shares of the company's stock worth $1,801,000 after purchasing an additional 100 shares during the last quarter. Assetmark Inc. grew its holdings in shares of Astera Labs by 374.1% during the third quarter. Assetmark Inc. now owns 128 shares of the company's stock worth $25,000 after buying an additional 101 shares in the last quarter. Finally, First Horizon Advisors Inc. raised its position in shares of Astera Labs by 12.4% in the second quarter. First Horizon Advisors Inc. now owns 982 shares of the company's stock valued at $89,000 after buying an additional 108 shares during the last quarter. Institutional investors and hedge funds own 60.47% of the company's stock. Get Astera Labs alerts: Sign Up Astera Labs Price Performance NASDAQ ALAB opened at $120.00 on Friday. The firm's 50-day moving average is $15...
Ithaka Group LLC lowered its holdings in Meta Platforms, Inc. (NASDAQ:META - Free Report) by 1.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 54,538 shares of the social networking company's stock after selling 890 shares during the quarter. Meta Platforms accounts for about 6.8% of Ithaka Group LLC's investment...
Ithaka Group LLC lowered its holdings in Meta Platforms, Inc. (NASDAQ:META - Free Report) by 1.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 54,538 shares of the social networking company's stock after selling 890 shares during the quarter. Meta Platforms accounts for about 6.8% of Ithaka Group LLC's investment portfolio, making the stock its 4th biggest holding. Ithaka Group LLC's holdings in Meta Platforms were worth $40,052,000 as of its most recent SEC filing. Other institutional investors also recently modified their holdings of the company. Brighton Jones LLC boosted its holdings in Meta Platforms by 1.7% in the fourth quarter. Brighton Jones LLC now owns 34,551 shares of the social networking company's stock worth $20,230,000 after purchasing an additional 570 shares during the last quarter. Revolve Wealth Partners LLC boosted its stake in shares of Meta Platforms by 10.2% in the 4th quarter. Revolve Wealth Partners LLC now owns 9,456 shares of the social networking company's stock worth $5,537,000 after buying an additional 875 shares during the last quarter. Headwater Capital Co Ltd grew its holdings in shares of Meta Platforms by 294.7% in the first quarter. Headwater Capital Co Ltd now owns 150,000 shares of the social networking company's stock worth $86,454,000 after acquiring an additional 112,000 shares during the period. Dymon Asia Capital Singapore PTE. LTD. purchased a new stake in Meta Platforms during the second quarter valued at $213,000. Finally, Capital & Planning LLC bought a new position in Meta Platforms in the second quarter valued at about $322,000. 79.91% of the stock is owned by hedge funds and other institutional investors. Get Meta Platforms alerts: Sign Up Insiders Place Their Bets In other Meta Platforms news, CFO Susan J. Li sold 56,571 shares of the stock in a transaction that occurred on Friday, February 27th. The shares were sold at an averag...
"For borrowers, the landscape is more volatile than it appeared even a few days ago. Mortgage rates are likely to remain choppy until geopolitical risk settles and there is clearer evidence that inflation is not going to rise significantly again," she said.
"For borrowers, the landscape is more volatile than it appeared even a few days ago. Mortgage rates are likely to remain choppy until geopolitical risk settles and there is clearer evidence that inflation is not going to rise significantly again," she said.
Peter Oppenheimer, chief global equity strategist at Goldman Sachs, discusses the impact of war in the Middle East on inflation, the economy and equity markets. "Financial conditions have been tightening globally about 0.3 since this conflict started, and that's another route to which it can affect confidence and equity valuations, at least in the nearer term," Oppenheimer tells Bloomberg Televisi...
Peter Oppenheimer, chief global equity strategist at Goldman Sachs, discusses the impact of war in the Middle East on inflation, the economy and equity markets. "Financial conditions have been tightening globally about 0.3 since this conflict started, and that's another route to which it can affect confidence and equity valuations, at least in the nearer term," Oppenheimer tells Bloomberg Television. (Source: Bloomberg)
Guests look at a Tesla Cybertruck at the “Cyber Rodeo” grand opening celebration for the new $1.1 billion Tesla Giga Texas manufacturing facility on Thursday April 7, 2022. Jay Janner / American-Statesman A Cybertruck operating with Tesla Inc.’s Autopilot feature allegedly attempted to drive off a Houston overpass, injuring the driver, according to a recently filed lawsuit. The driver, Houston res...
Guests look at a Tesla Cybertruck at the “Cyber Rodeo” grand opening celebration for the new $1.1 billion Tesla Giga Texas manufacturing facility on Thursday April 7, 2022. Jay Janner / American-Statesman A Cybertruck operating with Tesla Inc.’s Autopilot feature allegedly attempted to drive off a Houston overpass, injuring the driver, according to a recently filed lawsuit. The driver, Houston resident Justine Saint Amour, was in a Cybertruck in August 2025 when the Autopilot-controlled vehicle drove straight into a concrete barrier on a Y-shaped overpass on 69 Eastex Freeway. The vehicle was expected to follow a curve to the right, but when it failed to do so, she disengaged the driver-assistance feature. Still, “it was too late” once she took control of the wheel and the vehicle crashed into the barrier, the lawsuit claims. Advertisement Article continues below this ad The lawsuit, filed in Harris County District Court in late February, came as Tesla was facing accusations from California regulators over misleading advertising for the name “Autopilot.” The Austin-based automaker responded by suing the California Department of Motor Vehicles to reverse the ruling, but still adjusted the name. Navigate on Autopilot is now referred to as “Navigate on Autosteer.” The incident allegedly caused serious injuries to Saint Amour's right shoulder, neck and back. She was diagnosed with two herniated discs in her lower back, a herniated disc in her neck, sprained tendons in her wrist, and neuropathy causing numbness, tingling, and weakness in her right hand, attorneys at Hilliard Law said. She is seeking monetary relief exceeding $1 million over Tesla's alleged negligence tied to misrepresenting the abilities of Autopilot and failing to incorporate features such as lidar or more effective emergency braking systems, among other acts and omissions. Statesman Logo Want more Statesman? Make us a Preferred Source on Google to see more of us when you search. Add Preferred Source “T...
In this article Follow your favorite stocks CREATE FREE ACCOUNT Oil prices jumped to their highest levels in months on Monday as Iran and Israel escalated attacks in the Middle East, disrupting shipments from the region. Bloomberg Creative Photos | Bloomberg Creative Photos | Getty Images Oil prices rose on Friday morning, wiping out an earlier dip that had boosted sentiment in international equit...
In this article Follow your favorite stocks CREATE FREE ACCOUNT Oil prices jumped to their highest levels in months on Monday as Iran and Israel escalated attacks in the Middle East, disrupting shipments from the region. Bloomberg Creative Photos | Bloomberg Creative Photos | Getty Images Oil prices rose on Friday morning, wiping out an earlier dip that had boosted sentiment in international equity markets. By 5 a.m. ET, global benchmark Brent crude futures added 2.3% to trade at $87.34 a barrel, while West Texas Intermediate crude futures were 4.5% higher at $84.64 a barrel. Stock Chart Icon Stock chart icon Crude oil prices Prices dipped overnight as investors continued to assess the impact of the U.S.-Iran war on global energy supply. This is a developing story. Please refresh for updates.