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Cramer says decline in commodity pricing could send some stocks higher

CNBC’s Jim Cramer on Wednesday told investors that declining prices of commodities doesn’t mean a recession is on the way. He suggested that instead these declines represent a return to normalcy after a long period of elevated inflation, which could lead to gains for consumer discretionary stocks like Amazon. “When commodities go …

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China banks, Hong Kong, local govt financing vehicles

A pedestrian walks pass a branch of Industrial & Commercial Bank of China (ICBC) in Fuzhou, Fujian province of China. VCG | Getty Images Moody’s Investors Service cut its outlook for eight Chinese banks to negative from stable on Wednesday, following an identical downgrade to China’s government credit ratings a …

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Microsoft’s president meets with the Chinese government to talk A.I.

Microsoft CEO Brad Smith participates in a meeting at The Westin Palace Hotel, on 20 May, 2022 in Madrid, Spain. Cezaro De Luca | Europa Press | Getty Images Microsoft President Brad Smith met with China’s Minister of Commerce Wang Wentao on Wednesday to discuss topics ranging from artificial intelligence …

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