Backlink: VISIONTIMES The digital currencies market narrowly avoided a massive crash after news that the third largest exchange and its founder’s trading fund may be on the brink of insolvency emerged in the middle of the U.S. equities market trading day. […]
Backlink: REUTERS Oil climbed on Friday as the dollar eased and supply risks lingered, though recession fears and China’s COVID outbreaks kept a check on prices. Brent crude futures were up $1.84, or 1.9%, to $96.51 a barrel at 0740 GMT. The contract is headed for a weekly climb of more than 0.5%. […]
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Backlink: VISIONTIMES The Federal Reserve raised interest rates by three-quarters of a percentage point again on Wednesday and said its battle against inflation will require borrowing costs to rise further, yet signaled it might be nearing an inflection point in what has become the swiftest tightening of U.S. monetary policy in 40 years. […]
Read More… from Fed Jacks up Interest Rates Again, Hints at Smaller Increases Ahead
Backlink: THE EPOCH TIMES The United States is down to 25 days of diesel supply as a top White House official declared the stockpile levels to be “unacceptably low.” Data provided by the Energy Information Administration (EIA) show that diesel stockpiles are at their lowest level for October in records that date back to 2008, according to a Bloomberg […]
Read More… from US Has Only 25 Days of Diesel Supply; Shortage Could Cripple Economy
Backlink: THE EPOCH TIMES The Federal Reserve’s next crisis is already brewing. Unlike 2008, where subprime mortgages froze counter-party trading in the credit markets as Lehman Brothers failed, in 2022, it might just be the $27 trillion Treasury market. When historians review 2022, many will remember it as a year when nothing worked. Such […]
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Backlink: REUTERS Exxon Mobil Corp (XOM.N) shares passed their all-time high on Friday as oil prices resumed their climb and analysts raised their long-term views of top U.S. oil producer’s cash flow and earnings outlook. Exxon is leading a parade of record profits among oil majors this year after doubling down on oil during the pandemic, when energy […]
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Backlink: THE BL In the first eight months of this year, the fiscal deficit of China’s 31 provincial-level administrative regions was 6.74 trillion yuan (about $948 billion), the largest deficit since 2012 when compared to local government statistics for the past 10 years, with Sichuan, Henan, Hunan and Guangdong having the deepest debts according […]
Read More… from Local fiscal deficit reaches $1 trillion, more pressure on China’s economy
Backlink: LIFE NEWS SITE Amazon is persisting in selling a lethal chemical being used in one teen suicide after another. Now, CBS has dropped a planned segment on the story, and an attorney for the victims’ families is asking why. CBS recently canceled a planned news segment about parents’ lawsuits against Amazon for selling […]
Backlink: THE BL According to China Central Television Station (CCTV), on October 10, the State Administration for Market Regulation conducted random inspections and discovered a piece of women’s clothing exceeded the standard of a carcinogenic aromatic amine dye called “Benzidine.” […]
Backlink: THE EPOCH TIMES The U.S. annual inflation rate came in at 8.2 percent in September, down from 8.3 percent in August, according to the latest data from the Bureau of Labor Statistics. This was higher than the market expectation of 8.1 percent. Core inflation, which strips the volatile food and energy sectors, rose to a 6.6 percent […]
Backlink: THE BL There are high hopes for the emerging sector. As the Times cited from Guangzhou-based iiMedia Research, the Chinese digital idol market is expected to grow sevenfold, from $870 million (6.2 billion yuan) in 2021 to $6.7 billion in 2025. […]
Read More… from As China cracks down on idols, brands seek virtual alternates
Backlink: VISIONTIMES Historically, fixed-income securities such as bonds — especially the investment-grade core of the market, which includes U.S. Treasuries and high-quality corporate bonds have been a haven for investors looking to limit the risk associated with the stock market. Not so this year, as 2022 is shaping up to be one of the […]
Backlink: THE EPOCH TIMES PayPal on Oct. 8 sent out an update to its terms of use, or acceptable use policy (AUP). It included a shocking addition. It reserved the right to confiscate $2,500 from people’s accounts if they spread “misinformation.” It was a clear announcement of what many already suspected: PayPal has enlisted in […]
Backlink: VISIONTIMES Governments and central banks are burning through their cache of foreign reserves at an unprecedented speed as the world faces a new and highly tense landscape of geopolitical tensions. In Oct. 5 reporting by Bloomberg, the outlet found global reserve currency war chests have fallen by almost $1 trillion in Q2 and Q3 […]
