Howard Marks is optimistic on China, but says growth target is a huge challenge

Howard Marks, co-chairman, Oaktree Capital. Courtesy David A. Grogan | CNBC Veteran investor Howard Marks said he was hopeful about China’s economy, but cautioned that the country’s growth target was a monumental challenge. “I’m still optimistic on China’s long-term possibilities, as long as they execute well and as long as they remain constructive with regard…

Jim Cramer says ‘nothing truly dulls the case’ for owning Tesla stock

CNBC’s Jim Cramer made the case for owning Tesla stock, saying it’s worthwhile not because President-elect Donald Trump reportedly wants to relax U.S. self-driving rules, but because of CEO Elon Musk himself. “While I don’t buy the national self-driving mandate, I think nothing truly dulls the case for owning Tesla,” he said. “The Musk premium…

Trump picks ex-congressman and Fox host as transport secretary

President-elect Donald Trump has nominated former congressman and Fox Business host Sean Duffy to lead the Department of Transportation. Duffy, who was one of Trump’s most vocal defenders on cable news, is the second Fox commentator to be picked for the incoming cabinet. If confirmed, he will take charge of aviation, automotive, rail, transit and…

Georgia breakaway region’s leader resigns

The leader of Georgia’s breakaway region of Abkhazia is resigning after days of mass protests over a controversial pro-Russia bill. Aslan Bzhania’s press office said he was quitting “to maintain stability and constitutional order” and that the two sides had agreed protesters who had stormed the parliament in Sukhumi must disperse on Tuesday. The bill,…

China is doubling down on Latin America outreach for influence and trade

China’s President Xi Jinping (L) and Peru’s President Dina Boluarte shake hands during a meeting at the government palace in Lima on November 14, 2024, on the sidelines of the Asia-Pacific Economic Cooperation (APEC) Summit.  Ernesto Benavides | Afp | Getty Images Beijing is strengthening economic ties in Latin America as it seeks to further…

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