China’s Bold Stock-Market Rescue Plan Leaves Investors Skeptical [Bloomberg]
A uncommon mixture of constructive information together with a stabilization fund within the works and Premier Li Qiang’s order to calm markets despatched fairness benchmarks rallying on Tuesday. However, China’s historical past of botched market rescue efforts, the grim state of its financial system, and uncertainties over Beijing’s long-term coverage roadmap are retaining buyers skeptical concerning the sustainability of those positive aspects…. The newest bundle together with about 2 trillion yuan ($278 billion) to purchase mainland shares by way of offshore buying and selling hyperlinks exhibits a way of urgency from authorities. It comes after a rout that’s seen Chinese and Hong Kong shares erase greater than $6 trillion in market worth since a peak reached in 2021.
GE’s Forecast Misses Estimates Ahead of Historic Breakup [Bloomberg via Yahoo!]
While GE’s fourth-quarter outcomes beat expectations, the outlook supplied an uneven finish to GE’s days as a conglomerate, because the 135-year-old firm prepares to interrupt up in early April. After spinning off its health-care operations in 2022, GE will separate the aerospace and power companies into standalone entities, culminating Chief Executive Officer Larry Culp’s multiyear effort to rescue the fallen manufacturing icon.
Trump SPAC has tripled for the reason that Iowa caucuses [CNN via Yahoo!]
Digital World’s share worth spiked 88% to 19-month highs on Monday alone. That was the day after Florida Governor Ron DeSantis ended his 2024 presidential marketing campaign and endorsed Trump.
The Trump-linked inventory tumbled 10% Tuesday morning as residents of New Hampshire started voting within the main there. But by late afternoon buying and selling the inventory reversed course and was up 6% on the day.
Elite investor David Einhorn warns of bubble-level hype across the hottest shares – and teases a thriller wager [BI via Yahoo!]
Einhorn and his group established a brand new place that they count on to rank amongst Greenlight’s top-five holdings, however declined to call it as they’re nonetheless constructing it…. The Greenlight chief swore off shopping for shares within the third quarter, given the prospect that international conflicts would drive up gasoline costs and thus squeeze customers, stall the financial system, and pull down inventory costs. He reopened his pockets final quarter.
Woman arrested after police discovered $2,500 value of Stanley cups in her automobile [NBC News]
“Staff saw a woman take a shopping cart full of Stanley water bottles without paying for them. The suspect refused to stop for staff and stuffed her car with the stolen merchandise,” police mentioned…. Stanley cups have turn out to be extremely sought gadgets in latest months, due to a development pushed by social media influencers. The Quencher cup, which holds 40 fluid ounces and retails on the Stanley web site at $45, has particularly turn out to be a modern merchandise.
British Court Answers an Eternal Question: How Much Potato Does a Crisp Contain? [NYT]
A British tax appeals court docket final week… dominated that Walkers Sensations Poppadoms, the fluffy, non-crisp-appearing potato medallions, are, in truth, the identical as potato crisps…. The poppadoms might not include as a lot potato as a conventional crisp, the choose mentioned, however the correct ratio of potato-to-poppadom-to-chip is within the eye of the beholder.
“The products,” the choose wrote, “obviously contain potato.”
