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Tag: Baidu Inc

2024-09-27

David Tepper’s big bet after the Fed rate cut was to buy ‘everything’ related to China

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Billionaire hedge fund founder David Tepper said his big bet after the Federal Reserve’s rate cut was to buy Chinese stocks. “I thought that what the Fed did last week would lead to China easing, and I didn’t know that they were going to bring out the big guns like they did,” Tepper told CNBC’s “Squawk Box” on Thursday….

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