B↑2📆 - 11/18/24
• Nvidia to report Q3 earnings Wednesday as AI fever continues to power Wall Street
• Tesla Lifts Nasdaq Futures; Bitcoin Tops $90,000: Markets Wrap
• Morgan Stanley, Goldman Turn More Cautious on China Stocks
• Goldman Says ‘Go for Gold’ as Central Banks Buy, Fed Cuts in ‘25
• Novo Nordisk Launches Wegovy in China With Prices Well Below US
One month supply costs $193 in China, $1,349 in the US. The drug is not covered by China’s insurance program, making users having to pay out of pocket.
• Singapore Oil Tycoon OK Lim Sentenced to 17 1/2 Years Jail
The 82 year old oil trading legend made bets on China’s swift overcoming of Covid in 2020, took duplicate loans off a single collateral, and forgery.
• China Will Send a Weaker Yuan to the Trump Front
A weak Yuan is to China’s advantage, to serve as tailwind amid Trump’s tariffs. China to let currency depreciate gradually, so that a capital flight does not occur.
• China Population Set for 51 Million Drop as Pro-Birth Moves Fail
China population hit its peak of 1.41b in 2021. It is expected to decline to 1.36b by 2035. The country only introduced the two-child policy in 2016.
• Asia’s Richest Man Joins Race for Human-Like Robots
Mukesh Ambani’s Reliance Group backed Adverb will make humanoids by 2025.
• Trump Team Is Seeking to Ease US Rules for Self-Driving Cars
It would massively benefit Tesla
• Rent Inflation Won’t Ebb Until 2026, Cleveland Fed Model Shows
New rent inflation has come down. But existing contracts are still holding the average inflation up.
• A big Wall Street winner from Trump’s bitcoin bump: BlackRock
$IBIT grew by $13b since election. Fink has been anti-crypto for 5 years, now he’s a proponent.