[ad_1] The looming US presidential election is adding to a slew of headwinds for Chinese stocks, as both candidates use hardline rhetoric on economic policy towards Beijing.US vice-president Kamala Harris and former president Donald Trump agreed on very little during their debate last week, but both favour a tough stance towards the world’s second-largest economy, using technology restrictions or tariff hikes. Regardless of the election outcome, geopolitical tensions will continue to haunt Chinese stocks for another four years, according to Daiwa Securities Group.Fallout from the debate may exacerbate negative sentiment towards China’s US$8 trillion stock market, where the benchmark CSI…
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[ad_1] Join Our Telegram channel to stay up to date on breaking news coverage The Bitcoin price dropped 2% in the last 24 hours to trade at $58,258 as of 00:41 a.m. EST, even as trading volume skyrocketed 55% to $23 billion. This comes as analyst Titan of Crypto, with almost 92k followers on X, predicts that BTC could break above $92,000 after months of downward movement. Drawing from historical post-halving chart patterns, he suggests that BTC is now on the verge of a three-month rally. #Bitcoin Rally Imminent? 🚀 In previous cycles, when the price retested the 50-week simple…
[ad_1] The Institute for Fiscal Studies is calling on Rachel Reeves to increase baseline pension contributions to 12pc – UK Parliament/Jessica TaylorOlder middle class earners should be made to contribute more to their pensions, Rachel Reeves has been told.The Institute for Fiscal Studies (IFS) has urged the Chancellor to increase minimum pension contributions in order to prevent a retirement crisis.Between 30pc to 40pc of private sector workers – five to seven million people – are currently heading for a disappointing income in retirement, according to its research.However, the influential think tank said only higher earners and those over the age…
[ad_1] The odds for a 50 basis points (bps) rate cut at the upcoming Federal Open Market Committee (FOMC) meeting were hovering around 50% following Friday’s market close, marking a sharp increase from earlier in the week when the probability was as low as ~12%. While a 50bps rate cut could provide a short-term boost to equities, strategists at BTIG expect the to reach new all-time highs above 5700 this week, irrespective of the decision. “A move to the top side of the rising trend channel would be ~5800, although we don’t think it gets that high before potentially some…
[ad_1] Chef Niven Patel is taking his talents to South Beach.Along with business partner Mohamed Alkassar, the culinary force behind the Michelin Bib Gourmand Ghee Indian Kitchen in Kendall and the elegant Italian restaurant Erba in Coral Gables is opening a new restaurant in Sunset Harbour.Located in the former space of Joliet, a New Orleans-style seafood restaurant from Lost Boy & Co. that closed earlier this year, Paya is a celebration of island cuisine — specifically the Caribbean, Southeast Asia and the islands of Spain. Derived from the word “papaya,” the name evokes tropical flavors and the elements Patel and…
[ad_1] The banks fizzled this past week, marking the lone swath of red — measured in terms of declining stock prices — in the latest weekly reading of the CE 100 Index’s performance. Yet, the overall performance was positive, as the index itself was 3.8% higher. iRobot shares gathered 21.3%, while the Live segment of the CE 100 Index advanced by 6.6%. In terms of corporate news, the company said that it granted equity awards as a material inducement to the employment of the company’s newly-hired President and Chief Operating Officer, Jeff Engel. Zillow shares surged 18%, also powering the…
[ad_1] Crystal Marousis Handchen’s dedication to coaching cheerleading was so strong that, into her 60s, she was still demonstrating backflips to kids.“I saw her teaching that to my grandkids on my front lawn one day and I said, ‘Are you out of your mind?’” said her sister, Karen Marousis.That kind of energy made Crystal something of a legend at Brick Memorial High School, where she guided the cheerleading program for nearly three decades. And it’s why, after her shocking death by a stroke at age 63 in 2021, the community continues to honor her.Shore Conference football: Brick Memorial’s offense rolls…
[ad_1] On a quiet street corner in Berlin’s Mitte district, a bronze statue of a young girl in a traditional Korean dress glitters in the sun.Her fists are clenched, her expression tense. She is seated but her heels do not touch the ground. A shadow of an elderly woman is carved into the granite below her. Beside her is an empty chair.To Germany’s Korean diaspora — 50,000 strong — the statue is a poignant tribute to the 200,000 so-called comfort women who were forced or tricked into sexual slavery by the Imperial Japanese military during World War II.But to the…
[ad_1] Commonwealth Equity Services LLC cut its stake in shares of Innovator U.S. Equity Accelerated 9 Buffer ETF – January (BATS:XBJA – Free Report) by 1.8% in the second quarter, Holdings Channel reports. The firm owned 48,724 shares of the company’s stock after selling 884 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Innovator U.S. Equity Accelerated 9 Buffer ETF – January were worth $1,348,000 at the end of the most recent quarter. Other institutional investors and hedge funds have also added to or reduced their stakes in the company. CreativeOne Wealth LLC bought a new stake in…
[ad_1] (Reuters) -Apollo Global Management has signed a $1 billion deal with British energy major BP to fund its stake in the Trans Adriatic natural gas pipeline, the companies said on Monday.The U.S.-based asset management company would become a non-controlling shareholder in BP’s unit that holds a 20% stake in Trans Adriatic Pipeline AG.Other shareholders, with 20% stake each, are Azerbaijan’s state energy company SOCAR, Italy’s Snam, Belgium-based Fluxys and Spain’s Enagas.The Trans Adriatic Pipeline (TAP) operates a natural gas transportation infrastructure from the Greek border with Turkey to Southern Italy.Trans Adriatic Pipeline AG is the final 880-kilometre leg of…