Nomura Upgrades Baidu

🇨🇳 🇨🇳 Baidu ticks higher after Nomura upgrades on valuation, AI initiative
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UK Budget

🇬🇧 🇬🇧 Summary Of UK Budget
UK Chancellor Hunt announced plans to reduce debt and cut taxes, with the Office for Budget Responsibility (OBR) assessing that these measures will lower inflation and boost GDP
The Chancellor intends to reduce business taxes
Welfare benefits will be increased by 6.7%, aligning with expectations
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Mortgage Demans Jumps

🏡 🏠 BREAKING: Mortgage demand jumps to six week high as interest rates continue to drop
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Nvidia Trades Above $500

🚨 🚨 BREAKING: Nvidia Trades Above $500 Pre-Market
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Apple Does Not Need To Sell iPhones

🚨 🚨 Apple Does Not Need To Sell Any iPhones. Here’s Why: Apple’s Services segment topped an $85 billion run rate in the November earnings report as growth jumped back to the *high-double digits
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GBP Traders Take Note

🇬🇧 🇬🇧 GBP Traders Take Note: UK minimum wage to be raised by nearly 10%. National Living Wage increased to £11.44 per hour
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China Bails Out Country Garden

🇨🇳 🇨🇳 BREAKING: Country Garden Holdings Co. and Sino-Ocean Group have been included on China’s draft list of 50 developers eligible for a range of financing support, signaling a pivot by Beijing to help some of the nation’s most distressed builders
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Citi’s Stock Is Undervalued

🚨 🚨 Citi Stock Is Undervalued: Citigroup is in discussions to start a new direct-lending private credit strategy by early January. The initiative would complement the bank’s existing broadly syndicated leveraged finance business
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Hong Kong And China M&A Deals Slump

🇨🇳 🇭🇰 In a bad year for deals globally, the value of mergers and acquisitions in mainland China and Hong Kong has fallen 6% to about $185 billion, Bloomberg-compiled data show. That’s on course to be the lowest total for any year since 2013 and little more than half the annual average since then
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