HONG KONG – Alibaba Group’s Hong Kong shares slumped 10% on Friday after it scrapped plans to spin off its cloud business, citing uncertainties fuelled by U.S. curbs on exports to China of chips used in artificial intelligence applications. The stock opened down 7.8% and then deepened its loss to 10.3% by mid-morning, heading for its biggest one-day drop in ...
SAN FRANCISCO – President Joe Biden will highlight strong US ties to the Asia Pacific Economic Cooperation (APEC) forum economies on Thursday, despite a failure to make progress on key trade provisions sought by regional countries. Mr. Biden, who held a high-stakes summit with Chinese President Xi Jinping on Wednesday, is due ...
Chinese President Xi Jinping told Japanese Prime Minister Fumio Kishida that Asia’s two largest economies should reaffirm their strategic relationship in their first face-to-face talks in a year that look to put a floor under strained ties. The remarks, reported by Chinese state media, came at the ...
In this edition of StockCharts TV‘s The Final Bar, Craig Johnson, CFA CMT of Piper Sandler shares his long-term charts of the S&P 500 and 10-Year Treasury Yield and makes the case for small caps through year-end 2023. Dave shares one breadth ...
A weaker labor market, manufacturing production slowing, new home prices falling and crude oil inventories rising more than expected are all to blame for the big drop in oil prices. US also eased sanctions on Venezuelan oil. That’s the nature ...
On this week’s edition of Stock Talk with Joe Rabil, Joe explains how to use multiple timeframes to trade a pullback. He shows the reasons why the setup looked attractive on the daily chart, then goes down to the hourly ...
Many economists, including Milton Friedman, have claimed that reality is elusive and that one cannot know its true nature. Most mainstream economists also believe that data gives us the state of the economy. By inspecting numbers such as gross domestic ...
While the White House claims that inflation is losing steam, the truth is that unless the government changes its reckless monetary course, hyperinflation could be in our economic future. Original Article: The Specter of Hyperinflation Looms over the Economy ...
Haverfordwest-based dairy company announces a new distribution hub in Cardiff, bringing local, sustainable produce and employment to the city. Totally Welsh, a leading Welsh dairy company, has announced it is opening a new distribution hub in Cardiff. The expansion, designed ...
Throughout my life, a specter developed by the state has been used to haunt and cajole the world’s politics to favor centralized technocracy. I remember it first being called “global warming,” complete with apocalyptic prognostications meant to occur by specific ...