Tag: markets
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China’s economic woes give its markets a week to forget, and its public little cause for optimism
BEIJING — A wave of optimism swept Chinese markets recently when Beijing announced a stimulus package many hoped would pave the way for a wave of investment to help fuel a recovery for the world’s second-largest economy. Traders rushed to buy Chinese stocks, sending the top Shanghai and Hong Kong indexes soaring. But the measures…
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China stocks see best week since 2008 on stimulus impact as most Asia markets rise
Chinese markets clocked their best week in almost 16 years as the mainland’s CSI 300 rallied 15.7% this week, buoyed by several economic stimulus measures by the central bank. The last time the index saw a bigger weekly gain was the week ending Nov. 14, 2008. Hong Kong’s Hang Seng index recorded a weekly gain of 12.75%,…
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A Miami steakhouse server’s secret to making ends meet in one of America’s least affordable markets
This is part of NBC News’ Checkbook Chronicles, a series of profiles looking at the financial realities of everyday Americans and the challenges they face. Stefany Serna, 30s, Miami, Florida Working in Miami’s high-end restaurants where she has developed a strong reputation among patrons. Rents a home with her partner, with hopes of owning property…