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In 1865, when a British entrepreneur built a demonstration railroad near Beijing, Empress Dowager Cixi saw not progress but danger – of disruptions to feng shui, imperial graves and rural order – and had the tracks torn up.Two decades later, when a Chinese-built coal line threatened to steam too close to sacred grounds, Cixi’s solution was not innovation but regression. She ordered that the locomotive be replaced with horses.By clinging to tradition in the face of technological transformation, the Qing dynasty (1644-1911) delayed modernisation until it was too late. Within decades, imperial China would collapse under the weight of its…
During the December Monthly Meeting , Jim Cramer and Jeff Marks, the Investing Club’s director of portfolio analysis, set the table for the stock market in 2026, including identifying out-of-favor stocks that are strong buys right now. Here’s a rapid-fire update on each stock in the portfolio, starting with seven currently unfashionable names that Jim says should soon be back in style. 7 out-of-favor stocks that are buys 1. Boeing: This is a hated stock that has taken unwarranted hits . Jim says investors should consider buying now. We’ve leveraged the weakness as an opportunity to strengthen our position since our…
Gold prices fell in European trading on Friday for the first time in the past four days, retreating from a seven-week high, amid corrective moves and profit-taking, in addition to pressure from the rebound of the US dollar against a basket of global currencies. Despite the pullback, the precious metal, gold, is set to record a weekly gain, supported by the outcome of the Federal Reserve’s monetary policy meeting, which came less hawkish than markets had expected. Price overview • Gold prices today: Gold prices declined by around 0.4% to $4,264.77, from an opening level of $4,280.46,…
An appellate court has temporarily suspended an earlier civil court order in a high-profile legal battle between TRG Pakistan Limited and Jahangir Siddiqui & Co. Ltd. (JSCL), granting interim relief to TRG after its lawsuit against JSCL was dismissed by the civil court. “It appears that there are intricate questions of law and fact involved in the case which requires deeper indulgence of this court. Therefore, in the interest of justice and without touching the merits of this matter, the operation of impugned Order dated 02-12-2025 in Civil Suit No. 1696/2025 (H.C. Suit No. 1589/2022) is suspended till next date.…
The US dollar was steady on Friday, but remained on track to post a third consecutive weekly decline, weighed down by expectations of interest rate cuts next year, while the British pound was little changed after data showed the UK economy contracted unexpectedly in the three months through October. The dollar index—which measures the US currency against six major peers—held at 98.34 points, heading for a weekly decline of 0.64%. The index has now fallen more than 9% year-to-date, on course for its largest annual drop since 2017. Amid dollar weakness, the euro rose to trade at $1.1737…
European Union members have observed an uptick in China’s support for Russia, multiple sources said, as Moscow’s invasion of Ukraine prepares to drag into its fourth year.Officials are parsing evidence of an increase in battlefield weapons being shipped from China to Russia, to add to the well-documented flow of goods with dual civilian and military uses between the two states.“We note that 80 per cent of critical dual-use goods come to Russia either through or from China. They claim to be neutral and to provide no weapons – this is only partly true,” said one senior European official.China claims not…
Despite Costco ‘s “lumpy” year, Jim Cramer urges investors to stay the course with one of the world’s greatest retailers. “If you really want to go against Costco, again, another notice of your funeral,” Jim said Friday on “Squawk on the Street.” His pointed comments came a day after Costco reported a strong first quarter of fiscal 2026, after the bell on Thursday. The retailer delivered a top- and bottom-line beat, driven by membership fee growth, higher net sales, and healthy profits. Yet shares fell roughly 0.8% on Friday, indicating the upbeat report wasn’t enough to move the needle for…
The European Union will start collecting a three-euro flat fee for each small parcel valued below €150 (US$176) sent directly from a non-EU country to customers in the bloc, following a decision adopted by the EU finance ministers meeting in Brussels on Friday.The move, set to kick in next July, marks a milestone in Europe’s fight, led by France, against the influx of small parcels, mostly from Chinese platforms such as Temu and Shein, entering the union tax free.But how effective these tariffs will be remains to be seen given both platforms’ extensive warehouse and logistic networks in Europe.“Today is…
Gold prices fell in European trading on Friday for the first time in the past four days, retreating from a seven-week high, amid corrective moves and profit-taking, in addition to pressure from the rebound of the US dollar against a basket of global currencies. Despite the pullback, the precious metal, gold, is set to record a weekly gain, supported by the outcome of the Federal Reserve’s monetary policy meeting, which came less hawkish than markets had expected. Price overview • Gold prices today: Gold prices declined by around 0.4% to $4,264.77, from an opening level of $4,280.46,…
CNBC’s Jim Cramer told investors on Friday to buy the sharp, post-earnings sell-off in Broadcom shares. “This company is on fire,” Cramer said on ” Squawk on the Street ,” pointing to the custom chipmaker’s long list of notable clients, including Alphabet , Meta Platforms , ByteDance-owned TikTok, and Anthropic. The stock sank nearly 11% following a strong Thursday evening quarterly beat and guidance raise that got overshadowed by some misinterpreted remarks by management on the earnings call. It didn’t help that Broadcom shares ran up this week ahead of the print, which heightened already high expectations. Some profit-taking may…