Kolanovic Says "Correction Has Further To Go" While JPM's Trading Desk Remains "Bullish" On one hand, the technical storm appears to have subsided: as we predicted last night, just days after the biggest CTA shake-out in over a year (thanks to the fake Iran-Israel war, which on Thursday shook out all the sell stops thanks to the latest brutal bear trap, and thus paradoxically removed any residual selling pressure), other systematic funds finally stepped in to buy the dip, with vol...
Malaysia appears to be benefitting from U.S.-China trade tensions, which has prompted companies to diversify their semiconductor operations.
China produces about half of the world’s steel and sells it for less than half what U.S.-produced steel costs, administration officials said.
Beijing on Thursday accused the United States of hypocrisy in response to accusations by President Joe Biden that China is “xenophobic” and “cheating” on trade. “I would like to ask him: are you talking about China or the US itself?” foreign ministry spokesman Lin Jian said, when asked about the comments. In a speech Wednesday […]
Spanish Prime Minister Pedro Sanchez announced Wednesday that he was cancelling his public duties until next week to “reflect” on whether to continue leading the government, just hours after a Spanish court said it had opened a probe against his wife. In the surprise move, Sanchez said on X that he would announce his decision on whether to remain as prime minister next Monday, in an appearance before the news media. Sanchez, a socialist, said on X that the court had opened the probe against his...
China’s Coast Guard said Tuesday it had “expelled” two Philippine ships from its waters in the disputed South China Sea, as Manila accused Beijing of using water cannon against two of its vessels. “On April 30, the Chinese Coast Guard, in accordance with the law, expelled Philippine coast guard ship 4410 and government ship 3004 […]
GUANGZHOU, China, April 17 (Reuters) – China and Europe face a “slow motion train accident” as a rising tide of protectionism threatens to become a full trade war, the head of a European business lobby group
In November, ahead of President Joe Biden’s meeting with Chinese leader Xi Jinping, Sen. Rick Scott (R-Fla.) issued a press release casting himself as a fierce opponent of China. It declared, “Since being elected to the U.S. Senate, Senator Scott has introduced dozens of bills to punish Communist China for its increased military aggression, continued […]
His tribute to the Australian model - in which everyone is entitled to free healthcare but the wealthy can either pay extra or take out private cover - will alarm those NHS supporters.
Meta has started to roll out its WhatsApp generative AI tool to select
Jerry Seinfeld Says the ‘Movie Business Is Over’ and ‘Film Doesn’t Occupy the Pinnacle in the Cultural Hierarchy’ Anymore: ‘Disorientation Replaced’ It By Zack Sharf Jerry Seinfeld is finally a movie director with the upcoming premiere of his feature debut “Unfrosted.” Backed by Netflix, the star-studded comedy is a fictional account of the creation of Pop-Tarts toaster pastries. In a new...
Strong first-quarter numbers are puzzling the Chinese, who witness a stagnant economy daily. Two factors reconcile the difference.