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China's Growth Story Has Shifted, KKR's McVey Says

Henry McVey, KKR Head of Global Macro and Asset Allocation and CIO of the firm's Balance Sheet, says industrialization, robotics, and the green economy are now driving China's growth. He believes investors should focus on relative value in AI, and notes that valuations in China have become attractive. He also shares his views on the Chinese currency and property market on Bloomberg's "The China Show."

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Bloomberg

Australia Targets Housing Inequality in New Budget

Australia is set to crack down on tax concessions for property investors, as it looks to ease generational inequality and rein in the budget deficit. Treasurer Jim Chalmers is due to unveil the federal budget Tuesday, anchored by a flagship housing package. Bloomberg's Paul Allen reports on Australia's property obsession and speaks to ANU's Jill Sheppard about what's at stake.

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Bloomberg

Consumers Still Buying Beauty Products That 'Matter to Them,' Says Sally Beauty CEO

Denise Paulonis, President and CEO of Sally Beauty Holdings, said that the beauty industry remains resilient to concerns around affordability as consumer remain consistent in buying beauty products that 'matter to them' like hair dye and nail accessories even if they are not replacing pricier items. Paulonis said that she remains optimistic about her company's growth as consumers explore new e-commerce avenues like the TikTok Shop.

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