Month: April 2022
The 10-year Treasury yield is getting closer to 3%. Here’s what that means for your money
d3sign | Moment | Getty Images As the yield on the 10-year U.S. Treasury pushes ever closer to 3% — a symbolic level not seen since late 2018 — financial analysts have described how it could affect people’s finances in a number of ways. Last week, the 10-year rate hit 2.94%, its highest point in […]
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Blinken, Austin meet with Zelenskyy in Kyiv, a wartime first for top U.S. officials
U.S. Secretary of State Antony Blinken (L) and U.S. Defense Secretary Lloyd Austin in Washington, DC, on April 11, 2022. NBC News reports Blinken and Austin slipped into Ukraine on Sunday for an extraordinary wartime meeting with President Volodymyr Zelenskyy, bringing new promises of military and diplomatic support. Michael Mccoy | Afp | Getty Images […]
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Crypto exchange Kraken is set to launch in UAE as regional competition heats up
Jack Guez | Afp | Getty Images ABU DHABI, United Arab Emirates — U.S. cryptocurrency exchange Kraken is expanding into the Middle East and will open its regional headquarters in Abu Dhabi after receiving a full license to operate a regulated trading platform in the UAE. “We’re incredibly excited to be able to set up […]
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The Twitter account giving a window into China’s internet
Since its Twitter account was created in early March, the Great Translation Movement has gained more than 135,000 followers and now receives hundreds of translations per day, submitted through direct messages. Jade Gao | Afp | Getty Images Russia plunged China into a predicament when its forces rolled into Ukraine in February, weeks after the two nations reaffirmed their “no […]
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China’s capital city warns of more Covid cases and begins mass testing in the central business district
China’s capital city of Beijing reported a spike in Covid cases over the weekend and began mass testing Monday in the business district of Chaoyang. Within the district, one community that’s pictured here became classified as a high-risk area. Jiang Qiming | China News Service | Getty Images BEIJING — China’s capital of Beijing warned […]
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Why a tiny Pacific nation’s China deal is getting global attention
Australian defence forces in Solomon Islands on Dec. 1, 2021. NBC News reports the United States and its allies fear the deal between China and the Solomon Islands could enhance Beijing’s military power in the Indo-pacific. CPL Brandon Grey | Australian Department of Defence | Getty Images A tiny island chain in the South Pacific […]
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UBS expects these Chinese stocks to soar by over 30%, despite China’s Covid controls
Based on China’s latest Covid control measures and rising inflation, UBS analysts have shaken up their list of top stocks for investing in the country. Source
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Goldman says oil and gas investment is about to boom, and names the stocks to cash in
In its annual review of oil and gas projects, Goldman names several energy stocks it expects to be “winners.” Source
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Asia-Pacific stocks set to open lower after Wall Street sell-off
SINGAPORE — Shares in Asia-Pacific are expected to open lower on Monday following a sell-off on Wall Street on Friday. The Nikkei futures contract in Chicago was at 26,705 while its counterpart in Osaka was at 26,710. That compared against the Nikkei 225’s last close at 27,105.26. Australia and New Zealand markets are closed on […]
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Stock futures fall on Sunday as Wall Street braces for a busy earnings week
Traders on the floor of the NYSE, April 14, 2022. Source: NYSE U.S. stock futures fell on Sunday night as investors looked ahead to a stacked week of earnings, including reports from major tech companies such as Amazon and Apple. Dow Jones Industrial Average futures slid by 80 points, or 0.2%. S&P 500 and Nasdaq […]
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