Investment banks cut China GDP forecasts as confidence wanes

• Financial Times - World

  China’s electric carmakers warn of EU investment cuts over tariff threat

  Statement comes as talks continue between Beijing’s commerce minister and European trade commissioner
  
  7 hours ago - China
• MarketWatch - Business

  Mercedes-Benz cuts guidance on slump in China’s economy

  Mercedes-Benz shares fell 8% on Friday morning as the company cut its guidance for the second time since July
  
  11 hours ago - China
• CNBC - Business

  China unexpectedly leaves benchmark lending rates unchanged after Fed’s jumbo cut

  The People's Bank of China (PBOC) said it would keep the one-year loan prime rate (LPR) at 3.35%, as well as the five-year LPR at 3.85%.
  
  13 hours ago - China
• CNBC - Business

  Europe automaker shares slump after Mercedes becomes latest to cut 2024 guidance

  Mercedes shares fell more than 6% Friday after the German carmaker cut its 2024 guidance on the back of weaker demand from China.
  
  4 hours ago
• BBC News - Top stories

  'Painful' Budget warning spooks people's confidence

  Some economists have linked a drop in consumer confidence to officials' warnings of a painful Budget.
  
  7 hours ago
• Financial Times - World

  FirstFT: Wall Street titan John Paulson defends Trump’s tariff talk

  Also in today’s newsletter, S&P 500 hits record high and Amazon’s crackdown on remote work
  
  10 hours ago
• The Hill - Politics

  Election forecaster moves Peltola, Steele reelection bids to toss-ups

  The election forecaster Sabato’s Crystal Ball has shifted two key House races to toss-ups, moving Rep. Mary Sattler Peltola’s (D) seat in Alaska away from Democrats and Rep. Michelle Steel’s (R) ...
  
  5 hours ago

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