As China’s highly anticipated “Third Plenum” gets underway, there are dire predictions regarding the constraining of the financial sector, especially in light of the country’s slowing economic growth. The focus is shifting towards reinforced support for high-tech and manufacturing, areas that are expected to see continued success in the coming years. It is believed that
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In a surprising turn of events, Elon Musk, the CEO of Tesla, publicly endorsed Donald Trump for the upcoming U.S. presidential race. This marks a significant shift in Musk’s political stance, as he has previously voiced his support for Democratic candidates, including Hillary Clinton and Joe Biden. Musk’s endorsement of Trump has raised eyebrows among
Argentina’s central bank recently announced a new strategy to sell U.S. dollars in the country’s parallel foreign exchange markets in an attempt to combat inflation and stabilize the country’s money supply. This decision marks a significant shift in the country’s monetary policy and has sparked discussions about its potential impact on the economy. Economy Minister
Recently, whistleblowers at OpenAI have raised concerns about the company’s allegedly restrictive non-disclosure agreements. The whistleblowers claim that employees were required to sign agreements that limited their ability to raise concerns about the company to federal authorities. This includes overly restrictive employment, severance, and nondisclosure agreements that could potentially penalize workers who speak out. One
Smith & Nephew is a reputable British medical technology company that has a global presence in the industry. The company specializes in developing, manufacturing, marketing, and selling medical devices and services across various segments, including Orthopedics, Sports Medicine, and Ear, Nose, and Throat (ENT), as well as Advanced Wound Management. Despite its strong market position
The landscape of the electric vehicle (EV) market is constantly evolving, with new players entering the scene and existing ones striving to maintain their competitive edge. South Korean EV battery maker SK On, a unit of energy group SK Innovation, is facing challenges amid slowing global EV demand. In an effort to adapt to the
The official trailer for Paramount’s Gladiator II has taken the internet by storm, garnering an impressive 128M views in the first 24 hours across various platforms such as Instagram, TikTok, Facebook, YouTube, and more. This outpaced the 24-hour post trailer debut traffic of the studio’s own Top Gun: Maverick, which previously held the record with
Investors in the U.S. stock market are facing a period of uncertainty as inflation shows signs of cooling. Despite softer-than-expected inflation readings for June, concerns about growth cooling persist. The Consumer Price Index (CPI) grew at a slower rate than anticipated, with headline CPI increasing by 3% year-on-year and core CPI growing by 3.3%. As
The upcoming Paris Olympics have undoubtedly brought great joy to over 10,000 athletes who have the honor of competing. However, the same cannot be said for potential tourists. Delta Air Lines reported a significant decrease in travel to the city of Paris this summer, resulting in a staggering $100 million loss for the airline. CEO
The National Football League is exploring the idea of allowing minority private equity ownership for its 32 teams, with a cap of up to 10% ownership stake. This consideration comes at a time when the landscape of sports ownership is evolving, and the NFL wants to ensure that its policies are in line with the
In the midst of the chaos caused by the collapse of fintech intermediary Synapse, there seems to be a ray of hope for the many Americans who have had their savings locked in frozen accounts for the past two months. Banks involved in the situation have reportedly made significant progress in piecing together account information
Following England’s dramatic victory in the European Championship semi-final, the City is likely to be buzzing with excitement. However, the euphoria from Ollie Watkins’ stoppage-time strike sending England into the final against Spain has not overshadowed the ongoing challenges in the financial markets. While celebrations are in order, investors must remain vigilant as the battle
Recently, U.S. bank regulators decided to fine Citigroup a total of $136 million due to the bank’s failure to adequately address data management issues that were originally identified in 2020. The Federal Reserve and the Office of the Comptroller of the Currency (OCC) jointly took this enforcement action, emphasizing the importance of Citigroup improving its
The decision to delay the release of “Horizon: An American Saga – Chapter 2” raises questions about the impact it will have on the overall success of the franchise. By pushing back the release date, the filmmakers are hoping to give more time for the audience to discover the first movie, whether it be at