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Stocks mixed as China Covid-19 subsides

Stocks mixed as China Covid-19 subsides

The Dow Jones Industrial Average fell on Tuesday after a tough session on Monday. China-Based Actions Ali Baba (BABA), JD.com (JD) and Pinduo-duo (PDD) rose sharply as China’s Covid-19 concerns eased. X Tuesday’s modest dose of economic news includes the Case-Shiller home price index for September and November consumer confidence figures from the Conference Board …

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Here is an interesting article that suggests that China may soon abandon the zero COVID policy |  Forexlive

Here is an interesting article that suggests that China may soon abandon the zero COVID policy | Forexlive

I’m sure you all remember this guy – he was editor of the Global Times until recently and was VERY connected to China’s leadership. These two tweets from him overnight: This first tweet seems very specific. “Don’t be afraid anymore”. “May come out….sooner than expected”. It seems to me that China will soon come out …

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Elon Musk says Apple threatened to remove Twitter from the App Store

Elon Musk says Apple threatened to remove Twitter from the App Store

Comment this story Comment Elon Musk shed a tear at Apple, Twitter’s top advertiser, on Monday after he said the company threatened to block the social network from its App Store without explanation and mostly stopped advertising on Twitter. Apple also threatened to remove Twitter from its App Store, but won’t tell us why — …

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Crypto lender BlockFi files for bankruptcy as FTX ripple effect spreads

Crypto lender BlockFi files for bankruptcy as FTX ripple effect spreads

Filing follows weeks after FTX collapse FTX listed as BlockFi’s #2 creditor Bitcoin down over 70% from 2021 peak Nov 28 (Reuters) – Cryptocurrency lender BlockFi has filed for Chapter 11 bankruptcy, it said on Monday, the latest crypto casualty after the exchange’s dramatic collapse FTX earlier this month. The New Jersey court filing comes …

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Crypto Lender BlockFi Files For Bankruptcy As FTX Fallout Spreads

Crypto Lender BlockFi Files For Bankruptcy As FTX Fallout Spreads

BlockFi, a cryptocurrency lender that targeted mainstream investors hungry for a piece of the crypto mania, filed for bankruptcy on Monday, battered by its financial ties to FTX, the beleaguered exchange whose recent slump has rattled the market. crypto industry at its heart. Based in Jersey City, NJ, BlockFi primarily marketed itself to retail investors, …

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Exclusive: Tesla readying revamped Model 3 with 'Highland' project - sources

Exclusive: Tesla readying revamped Model 3 with ‘Highland’ project – sources

Nov 28 (Reuters) – Tesla (TSLA.O) is developing a revamped version of the Model 3, according to four people familiar with the effort, as the major electric vehicle maker aims to cut production costs and boost the appeal of the five-year model. – old electric sedan. One of the goals of the redesign codenamed “Highland” …

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FTX founder Sam Bankman-Fried in the hot seat as Senate inquiries and criminal probes progress

FTX founder Sam Bankman-Fried in the hot seat as Senate inquiries and criminal probes progress

Chicago Mercantile Exchange chief tells ‘Tucker Carlson Tonight’ he tried to warn against SBF Sam Bankman-Fried is facing a flurry of legal repercussions over his involvement in the collapse of FTX, the cryptocurrency trading platform he founded in 2019, with congressional investigations set to kick off in the coming months. weeks. The Senate Agriculture Committee, …

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China fuels markets as protests erupt over Covid lockdowns |  CNN Business

China fuels markets as protests erupt over Covid lockdowns | CNN Business

hong kong CNN Business — China’s major stock indexes and its currency opened sharply lower on Monday as widespread protests over the country’s tough Covid-19 restrictions over the weekend rattled investor sentiment. Hong Kong Hang Seng Index (HSI) fell 4.2% in early trading. It has since pared some losses and last traded 2% lower. The …

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