Richard Harris, Chief Executive, Port Shelter Investment Management thinks the upcoming leadership change in China has led to a policy paralysis. Aaron Boesky, Chief Executive Officer, Marco Polo Pure Asset Management on the other hand, is bullish on China. He says there are two major catalysts underway to spur the Chinese economy.
Mats Berglund, CEO, Pacific Basin says that bulk freight rates will remain weak for time to come due to a current glut in supply.
Slim Feriani, CEO, Advance Emerging Capital discusses the near term prospects for China's economy. He adds that investors should be content with China posting over 7% growth rates.
Dodge Dorland, Chairman & Chief Investment Officer, Landor & Fuest Capital Managers says that he is heavily invested in financials, and is looking at higher yielding alternatives within the market.
Mad Money host and former hedge fund manager, Jim Cramer, provides stock traders with all manner of investing advice.
U.S. benchmark crude eased 2 cents to finish at $92.10 a barrel. Brent crude, which many U.S. refiners use to make gasoline, fell 80 cents to $112.42 in London. China's economic news also offered a complicated outlook for oil demand.
As the U.S. continues to rack up more than $1 trillion of new debt every year, Americans are beginning to worry about who we owe this money to and how much power our creditors have over us.
GAINING GRAINS: Prices rose for wheat, corn and soybeans as adverse weather hit key farming regions in Brazil and Argentina. Although it's early in the season, some investors questioned whether the problems will wind up hurting the harvest. China said its economy grew in the July-through-September period from the year-ago quarter.
RECOVERY: China's worst slump since the global financial crisis leveled out in the latest quarter and retail sales picked up in a sign an economic rebound is taking shape. THE NUMBERS: The world's second-largest economy grew 7.4 percent in the three months ending in September.
CNBC's Sharon Epperson discusses the day's activity in the commodities markets and looks at where oil and precious metals are likely headed tomorrow.
Brazil and Argentina are huge producers of corn and soybeans. Although it's still early in the season, investors have shifted their focus from concerns about demand in the slower global economy to questions about supplies, said Mike Zuzolo, president of Global Commodity Analytics and Consulting LLC.
NEW YORK-- Shares of MGM Resorts International climbed Thursday after the company said its Chinese arm signed a deal for land to build a massive new casino in the world's biggest gambling market. MGM China, which signed the deal, is a joint venture between Las Vegas- based MGM Resorts International and Pansy Ho, daughter of Macau casino kingpin Stanley Ho.
The layoffs will affect workers at the company's Fuel Systems Plant in Columbus, Columbus MidRange Engine Plant or the Seymour Engine plant, Cummins spokesman Jon Mills told The Republic for a story Thursday.
The U.S. spends the most on business travel, but new data suggests another country will soon lap American road warriors and take the top spot. Find out which one, and why.
GENEVA-- An appeals panel of the World Trade Organization has upheld a ruling that China unfairly imposed import tariffs on a high-technology U.S. steel product. In a ruling Thursday, the WTO appeals panel said China was wrong in the way it put duties on U.S.-made grain-oriented flat-rolled electrical steel.
It’s the breakout no one is talking about: China! But is there more room up?
NEW YORK-- The price of oil is falling on expectations that China is less likely to roll out a stimulus program for its improving economy. U.S. benchmark oil fell 94 cents, or 1 percent, to $91.18 a barrel in morning trading. Brent crude, which many U.S. refiners use to make gasoline, fell $1.42, or 1.3 percent, to $111.80 in London.
HONG KONG-- The Chinese arm of U.S. casino company MGM Resorts International signed a land deal Thursday for a new $2.5 billion casino resort in Macau, the world's biggest gambling market, hoping to catch up with the rapid expansion of rival casino operators.
"I think China has lots of room to maintain its growth, stabilize it, but it has to shift the emphasis" to focus on its domestic market, says Barry Bosworth, senior fellow at Brookings Institution.
In the past few months, China skeptics have predicted the economic and political collapse of the Middle Kingdom. The simple reality is that, after a soft landing, China is transitioning toward recovery.