Blackstone CEO Steve Schwarzman doesn’t see a recession despite slowing economic growth

“Economic growth may be slowing, but we are not on the verge of a recession, Blackstone Chairman and CEO Steve Schwarzman said Tuesday” writes Adam Galica for Two quarters ago, we were at 4.2 percent economic growth, which is unsustainable for a large country like the United States,” Schwarzman told CNBC’s “Squawk Box” at the annual World Economic Forum in Davos, Switzerland. Source:

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Markets News 

China is at a ‘historic juncture,’ with outcome uncertain: IMF staff report

“The Chinese economy is at a “historic juncture” having to move from “high speed” growth to “high quality” growth, and how this shift is carried through will determine the country’s development path for decades to come, the staff of the International Monetary Fund said in a report released Thursday” writes Senior Economics Reporter for There are tensions in the government’s strategy between, on the one hand, allowing market forces a decisive role and the pervasive role of the state, the report said.Relatively restrictive trade-and-investment regime in some areas and…

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News Stocks 

LSC Communications’ stock sinks to pace NYSE losers after J.P. Morgan turns bearish

“The stock has now shed 6.9% year to date, while the S&P 500 SPX, +0.76% has gained 3.3%” writes Reporter Editor for “Overall, we believe risk is skewed to the downside and look for better longer-term fundamental trends in the core business before becoming more positive on the stock,” Quadrani wrote in a note to clients.Prior to Friday’s selloff, the stock had rocketed 31% in the two months ended Thursday.LKSD, -14.41% sank 13% in afternoon trade Friday, enough to make them the biggest decliner among NYSE-listed stocks, after J.P.…

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