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Morgan Stanley announces management changes for China A Share Fund
Morgan Stanley Investment Management has announced a portfolio management change for the Morgan Stanley China A Share Fund, Inc. In other news, Indian equities continued to rise, driven by gains in banks and energy stocks, while Citigroup adjusted its price target on Morgan Stanley to $125, maintaining a neutral rating. Additionally, Morgan Stanley raised its GDP growth forecast for China in 2025.
national day of mourning for former president jimmy carter
Former President Jimmy Carter passed away on December 29, 2024, at the age of 100, marking a National Day of Mourning on January 9, 2025. Flags are flown at half-staff in his honor, and federal offices, including the Supreme Court, will be closed that day. A national funeral service is scheduled at the Washington National Cathedral, attended by all living former presidents.
Trump's Ambitious First Day Plans Include Tariffs and Mass Deportations
Trump has outlined aggressive plans for his first days in office, including declaring a national emergency for mass deportations and halting migrant flights. He aims to dismantle federal job protections, pardon January 6 rioters, repeal AI regulations, and impose significant tariffs on imports, particularly from China, Canada, and Mexico.
ubs downgrades jetblue to sell amid financial challenges and growth concerns
UBS has downgraded JetBlue Airways to a Sell rating, setting a price target of $5.00, citing concerns over capacity constraints and high inflation impacting revenue growth. The airline faces challenges, including increased competition on key routes and operational issues, leading to projected negative operating margins for 2025. Other firms, like Goldman Sachs and Citi, echo these concerns while highlighting the need for JetBlue to improve its financial stability and cash flow.
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