Backlink: THE EPOCH TIMES The Federal Reserve raised the benchmark federal funds rate by 75 basis points to a target range of 3 percent to 3.25 percent on Sept. 21, matching market expectations. Fed officials indicated that further big increases were likely at two remaining meetings this year. […]
Read More… from Fed Raises Interest Rates by 0.75 Percentage Point to Highest Level Since 2008
Backlink: THE BL Larry Fink, CEO of BlackRock, the world’s largest money management company, said: “Markets don’t like uncertainty. Market likes actually totalitarian governments where you have an understanding of what’s out there…” […]
Read More… from Era of playing in the ‘funding paradise’ of the US by Chinese companies is over!
Backlink: VISIONTIMES Attorneys General from 24 Republican states have warned credit card giants Visa, Mastercard, and American Express against a recently announced intention to install a new transaction code that will track transactions at firearms retailers. “Categorizing the constitutionally protected right to purchase firearms unfairly singles out law-abiding merchants and consumers alike,” reads a […]
Read More… from 24 GOP AGs Draw Line With Credit Card Giants on Firearms Sale Tracking Code
Backlink: THE EPOCH TIMES Many leftist progressive groups are pushing forward environmental, social, and governance (ESG) standards on companies and investments, claiming that such standards will benefit society. Andy Puzder, a visiting fellow at The Heritage Foundation and author of “The Capitalist Comeback,” warns that ESG is simply socialist ideologies being falsely presented as […]
Backlink: THE BL According to statistics, in the first eight months of this year, up to 3,470 chip manufacturing companies in China closed and the number of bankruptcies reached a new high. Meanwhile, China’s integrated circuit (IC) output in August fell 24.7% year-on-year, also the largest monthly decline on record. This shows that under […]
Read More… from Over 3,000 China chip companies close: The path to autonomy full of thorns
Backlink: VISIONTIMES Wall Street ended sharply lower on Thursday, extending its losses in late afternoon trading as a raft of economic data failed to alter the expected course of aggressive tightening by the Federal Reserve amid growing warnings of global recession. The sell-off gathered momentum toward the end of the session, with market leaders […]
Read More… from Wall Street Tumbles Amid Fed Tightening Jitters, Economic Rumblings
Backlink: VISIONTIMES Firms who have pockets deep enough to transact in the world of liquified natural gas are profiting $133 million per shipment sending U.S. natural gas to Europe, a recent article stated. The article explained that “dramatically increased demand for shorter-haul voyages from the U.S. Gulf to Europe” have driven LNG shipment rates […]
Read More… from Traders are Profiting $133 Million Per Shipment to Send US Natural Gas to Europe
Backlink: THE BL In the latest development, a major shareholder sold Tencent shares worth $7.6 billion on the Hong Kong market. Prosus, a subsidiary of South African investment firm Naspers, said in a statement that it had transferred 192 million Tencent shares to Hong Kong’s clearing and settlement system and sold more than 1 million shares on […]
Read More… from Big investors are selling Chinese tech stocks, questions raised
Backlink: VISIONTIMES Mainland Chinese companies are laying down roots in Mexico in order to exploit a loophole around U.S. import tariffs. The issue came to light in a Sept. 13 Bloomberg article, which described the anecdote of a local real estate lawyer who turned a cattle ranch in Monterrey he inherited from his father into an […]
Read More… from Chinese Companies Lay Roots in Mexico to Evade US Tariffs
Backlink: BREITBART After a brief respite in July from the worst inflation in forty years, consumer prices are rising again. Compared with a month earlier, the Bureau of Labor Statistics’ Consumer Price Index rose one-tenth of a percentage point. On a year-over-year basis, the CPI was up 8.3 percent. […]
Read More… from Inflation Returns: Consumer Prices Unexpectedly Rising Again
Backlink: NIKKEI ASIA Sony Music has withdrawn from all operations in Russia as Western sanctions on Moscow over the invasion of Ukraine make it difficult to continue business there. The Sony Group affiliate transferred control of its Russian unit, as well as its entire roster of local musicians, to a separate Russia-based firm. The name of […]
Read More… from Sony Music exits Russia operations in deal with local company
Backlink: REUTERS Britain’s new leader, Liz Truss, capped soaring consumer energy bills for two years on Thursday in a package to cushion the economic shock of war in Ukraine that seems likely to cost the country upwards of 100 billion pounds ($115 billion). With Britain facing a lengthy recession sparked by a near quadrupling […]
Read More… from Britain to borrow big again to ease energy shock
Backlink: THE BL According to Tencent, the 253.23 million shares belonging to Pang Qinghua, the former owner and majority shareholder of Pang Da Group, will be auctioned on Taobao. Pang is the founder of Pang Da Group. The company was also called “King of 4S Stores.” Due to poor management and a failure to repay […]
Backlink: THE BL Hedge fund manager Kyle Bass warned that anyone holding any investments in China should take them out immediately, or they could risk losing everything. Bass, founder and chief investment officer of Hayman Capital Management, said, “Not only is the Chinese economy in a precarious position, if its increasingly aggressive stance toward […]
Read More… from Experts: Pull Your Money Out of China Immediately
