China’s Dual-Listed Tech Firms Lose $60 Billion in Market Cap
Chinese firms listed in the United States lost about $60 billion in three days due to the threat of potential de-listings from American stock exchanges, according to CNBC. As of...
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Dislodging Ever Given From Suez Canal Likely To Take Longer Than Expected
Dislodging the Ever Given from the Suez Canal will take at least a week, effectively delaying supply chains and increasing costs, according to Bloomberg. The 200,000-ton Ever Given will require...
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Get To Know The Giant Ship Blocking The Suez Canal
A 224,000-ton boat has blocked the Suez Canal in Egypt and halted one of the world's busiest maritime trade routes with $9.6 billion of average daily cargo value, Bloomberg reports....
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New York A Step Closer To Legalizing Recreational Marijuana
Recreational marijuana is a step closer to being legalized in New York after officials reached an agreement on special taxes, according to Bloomberg. Senate Finance Committee Chair Liz Krueger said...
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Business Expansion In U.K. Posts Seven-Month High In March
Business activity expansion across the private sector in the United Kingdom rose to seven-month high in March, according to data compiled by IHS Markit and CIPS. The headline seasonally adjusted...
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China’s Biggest Chipmaker To Build $2.35 Billion Factory With State Funding
China's biggest chipmaker Semiconductor Manufacturing International Corp. (SMIC) is building a $2.35 billion factory with government funding, according to CNBC. The factory will be put up in Shenzhen, and will...
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U.S. Looking to Spend $3 Trillion For Long-Term Economic Program
The United States government is now considering a $3-trillion economic program to be presented to President Joe Biden this week, according to Bloomberg. The economic plan includes some $400 billion...
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U.S. To Release Second Batch Of $1,400 Stimulus Checks Wednesday
The second batch of $1,400 stimulus checks in the United States is set to be released to the public on Wednesday, March 24, according to CNBC. The Treasury Department, IRS,...
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Global Stocks Lack Signs of a Risky Bubble-Goldman
Goldman Sachs strategists do not find global stocks having the characteristics of a dangerous bubble despite hitting record highs, according to Bloomberg. Typical signs of systemic risk such as increased...
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Dow Plunges More than 300 Points after a Fed’s Capital Decision on Banks. Bonds Rise
U.S stocks plunged on Friday after the Federal Reserve decided against extending a pandemic-era capital break for banks. Dow Jones Industrial Average shed 340 points in a session that also...
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AI to Create Enough Wealth to Pay $13,500 a Year to Each American Adult-Sam Altman
OpenAI co-founder and President Sam Altman expects artificial intelligence to generate so much wealth to pay each American adult $13,500 a year. Altman expects the development to occur as soon...
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Morgan Stanley’s Clients to Access Bitcoin Funds
Morgan Stanley, the major investment bank with $4 trillion in client assets, will enable its wealthiest clients to own Bitcoin via three different funds, two of them being Galaxy Digital,...
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