Business
China Stock Bulls Hit Reset Button
Some of Wall Street’s biggest banks are turning to a less positive consensus on Chinese stocks after the market wiped out around $1.5 trillion since its January peak. Charlotte Yang reports on Bloomberg Television.
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Business
AI May Not Solve Demographic Decline
Martha Gimbel, executive director and cofounder of the Budget Lab at Yale University, says artificial intelligence is unlikely to offset the economic challenges of an aging population, arguing the US is confronting two major transitions at the same time rather than one solving the other. She says AI could improve productivity in some areas, particularly by helping caregivers with physically demanding tasks, but questions whether consumers will embrace automation in roles where human interaction remains essential.
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Business
Chipotle CEO on expanding into Mexico
“We believe Mexico is a really important milestone for our great brand as we continue to lean into our global strategy. It’s an important country for us, we recognize and admire the culinary heritage that is a part of the Mexican culture,” says Chipotle Mexican Grill CEO Scott Boatwright on the chain’s global expansion https://bloom.bg/4wKJnvc
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Business
Delta Will Do Just Fine With High Fuel Prices, CEO Says
Delta Air Lines Chief Executive Officer Ed Bastian says higher fuel prices are not deterring travel. He says the carrier is actually seeing strong demand for premium, corporate and international travel. He also talks about how some customers are choosing a better seat on the plane over perks they could get in first class. He speaks to Bloomberg’s Lisa Abramowicz at Delta headquarters in Hapeville, Georgia on “Bloomberg Surveillance.”
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Business
Why some investors are wary of SpaceX stock #shorts #spacex #elonmusk #investing
After SpaceX’s record-setting IPO, some investors like Danish pension fund AkademikerPension have already rejected the stock over what they call “catastrophic governance,” turning SpaceX into a test case for how much control public markets are willing to give founders https://bloom.bg/3EMZYZX
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Business
Hungary Approves Legislation to Remove President, Orban Allies
Hungary’s parliamentary vote to amend the constitution crowns a frenetic period of legislative activity since Prime Minister Peter Magyar pledged to reincarnate democracy in the country. The result removed the president, set a limit of three parliamentary terms for legislators and sent allies of former PM Viktor Orban in top courts into retirement. Bloomberg’s Zoltan Simon reports.
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@binbi8177
December 14, 2023 at 11:04 pm
Comrades from the China Bureau of Strategic Deception are very active
@ethansnow7110
December 14, 2023 at 11:04 pm
Seems Bloomberg's boss is quite a fan of Chinese girls 🙂
@josejoven2106
December 14, 2023 at 11:04 pm
Economy in downturn and people restless, what do you do ? Same as Putin and Hitler … go to war. China will invade Taiwan if it cannot keep it's economy and it's people from becoming restless.
@alextran7680
December 14, 2023 at 11:04 pm
LOL … Do they call CCP Ponzi Scams China Stock ?
@chrisbiden2769
December 14, 2023 at 11:04 pm
According to the World Bank, China has lifted 800 million people out of poverty over the past 40 years. 91% of Chinese reported there are happy with the country. But there are potentially 9% or over 126 million of them unhappy with China.
I see; a few of them are here.
@Tom0000
December 14, 2023 at 11:04 pm
0:02 I thought it was the same person wearing 3 different clothes 😂😂😂
@ChopSuey-Dish
December 14, 2023 at 11:04 pm
I live in China. Sorry for the Covid!
Everything is miserable here, but no one dares to complain.
Seriously, if there is next life, I wish to be born in any other country, except China.
@lastChang
December 14, 2023 at 11:04 pm
Betting on China 🇨🇳 is a bad bet anyhow.
Basically, Chinese economy is very sick. There's no cure.
@proud_chinese_traitor
December 14, 2023 at 11:04 pm
I'm Chinese there are more and more jobless people here . Everything is in recession here