Hong Kong Stocks Extend Decline as Investors Await US Inflation Data and Debt-Ceiling Progress

Hong Kong Stocks Extend Decline as Investors Await US Inflation Data and Debt-Ceiling Progress

Hong Kong stocks declined for a second consecutive day as investors awaited US inflation data and progress on debt-ceiling talks, dampening market sentiment. State-owned Chinese lenders, including Bank of China and ICBC, were among the major losers as traders engaged in profit-taking activities. According to Bloomberg, US consumer prices are expected to rise by 5…

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Debt ceiling: Washington grapples with 'hard choices' if no deal is in place by June 1

Debt ceiling: Washington grapples with ‘hard choices’ if no deal is in place by June 1

Washington is currently facing the challenge of reaching a debt-ceiling deal before the approaching deadline of June 1. The potential consequences of a failure to reach an agreement are being actively discussed and debated. The immediate economic impact of a true default, which would be a first in American history, remains uncertain. Negotiators are still…

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China Imposes Ban on Micron's Products in Key Infrastructure, Citing Security Risks

China Imposes Ban on Micron’s Products in Key Infrastructure, Citing Security Risks

China has imposed a ban on Micron’s products in key infrastructure, citing security risks. The move marks the country’s first major action against an American semiconductor group. The Cyberspace Administration of China (CAC) announced on Sunday that Micron, the largest US memory chip maker, posed significant security risks to China’s critical information infrastructure supply chain….

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Hedge Funds' Ultra-Bearish Oil Bets Signal US Recession Angst

Hedge Funds’ Ultra-Bearish Oil Bets Signal US Recession Angst

Hedge funds’ unprecedented bearish bets on oil futures are raising alarms about a possible US recession. The increasingly negative sentiment surrounding oil prices has sparked concerns among investors and analysts, who closely monitor these indicators as signals of broader economic trends. Bloomberg provides valuable insights into the current state of the economy and its impact…

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Disney Abandons $1 Billion Project in Florida Amid Ongoing Feud with Gov. Ron DeSantis

Disney Abandons $1 Billion Project in Florida Amid Ongoing Feud with Gov. Ron DeSantis

Disney’s plans to construct a new office complex in Florida and relocate a division from California have been scrapped, resulting in the loss of over 2,000 potential jobs. The decision comes as Disney and Governor Ron DeSantis continue their public disagreement. In a recent conference call, Disney CEO Robert A. Iger referred to Gov. DeSantis…

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The best ways to make money online.

The best ways to make money online. Here are a few popular ways to make money online: 1. Make money online with Freelancing: Offer services such as writing, programming, graphic design, and consulting. Freelancing is the practice of offering services as an independent contractor, rather than as an employee. Freelancers typically work on a project-by-project…

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