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.

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