(Bloomberg) — Chinese stocks fell on Friday, rounding off a volatile week for investors struggling to price in Beijing’s tightening regulatory grip after a rout pushed the nation’s key equity index to the brink of a bear market. The CSI 300 index fell 0.8% on the day and 5.5% for the week, the worst since February. In Hong Kong the Hang Seng Index, which earlier this week saw its biggest two-day loss since 2008, dropped 1.4%. Alibaba Group Holding Ltd. slipped 4.2% while Meituan lost… Source link
Read More »The wild card in the Fed’s inflation gambit: Morning Brief
This article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Monday, June 28, 2021 With inflation no longer Greenspan’s ‘q’ word, here’s why generous worker pay matters. Does anyone remember the word “quiescent”? It’s an economic catchphrase popularized by Alan Greenspan, the former Federal Reserve chairman who presided over an impressive run of strong growth and stable inflation. During his lengthy… Source link
Read More »World’s smallest hog released into wild in India by conservationists
A dozen of the world’s smallest pigs have been released into the wild in northeastern India as part of a conservation programme to boost the population of a species once thought to have become extinct. The pygmy hog, which has the scientific name porcula salvania, lives in tall, wet grasslands and was once found along plains on the Himalayan foothills in India, Nepal and Bhutan. Its population declined in the 1960s, leading to fears it had become extinct until it was rediscovered in India’s… Source link
Read More »Bucks survive wild Game 7 OT battle with Nets
Kevin Durant did everything in his power to lead the Brooklyn Nets out of Game 7 and into the Eastern Conference finals on Saturday night. Somehow, though, it wasn’t quite enough. Giannis Antetokounmpo and the Milwaukee Bucks survived a thrilling overtime battle with the Nets 115-111 at the Barclays Center to reach their second conference finals in three years. Kevin Durant forces OT with wild shot After a battle worthy of a Game 7 through the first three quarters, both teams were neck and… Source link
Read More »Joey Votto ejected early in wild first inning vs. Padres
Joey Votto of the Cincinnati Reds yells at umpire Ryan Additon after a call during the first inning of a baseball game against the San Diego Padres at Petco Park on June 19, 2021 in San Diego, California. (Denis Poroy/Getty Images) Joey Votto was tossed from Petco Park almost instantly on Saturday afternoon, and had plenty of words for the umpire before he finally made his way off the field and into the dugout. He was one of three ejections at the stadium in the first half inning of the… Source link
Read More »Bitcoin drops to 3-month low in wild trading after Musk tweets
Bloomberg The World Economy Is Suddenly Running Low on Everything (Bloomberg) — A year ago, as the pandemic ravaged country after country and economies shuddered, consumers were the ones panic-buying. Today, on the rebound, it’s companies furiously trying to stock up. Mattress producers to car manufacturers to aluminum foil makers are buying more material than they need to survive the breakneck speed at which demand for goods is recovering and assuage that primal fear of running out. The… Source link
Read More »Dogecoin Goes on Wild Ride as Musk Calls It a ‘Hustle’ – Yahoo Finance
Bloomberg China Tech Giants Bet $19 Billion on Global Electric Car Frenzy (Bloomberg) — China is shaping up to be the first real test of Big Tech’s ambitions in the world of carmaking, with giants from Huawei Technologies Co. to Baidu Inc. plowing almost $19 billion into electric and self-driving vehicle ventures widely seen as the future of transport.While Apple Inc. has long had plans for its own car and Alphabet Inc. has Waymo, its autonomous driving unit, the size — and speed — of the… Source link
Read More »Dog hilariously enters high school relay event, wins with ease after wild final sprint – Yahoo Sports
MMA Weekly UFC 261 fans not required to wear masks | COVID-19 Precautions On Tuesday, the Ultimate Fighting Championship announced two partnerships to assist in fan safety for those attending Saturday’s UFC 261 pay-per-view. The event sold out the VyStar Veterans Memorial Arena in Jacksonville, Fla. in minutes. The event represents the first, sold out, major sporting event with full capacity at an indoor arena in the United States since the pandemic lockdowns and restrictions. A capacity crowd… Source link
Read More »‘Coming from everywhere’: Trump’s wild claim on US ‘destruction’ – Yahoo News Australia
Donald Trump has weighed in on a growing issue facing his successor, making bizarre claims about migrants streaming into the country “from everywhere” including war-torn Yemen and the Middle East. The US is facing a growing crisis on its southern border, as a surge of migrants has put the Biden administration on the defensive. The head of Homeland Security acknowledged the depth of the problem on Tuesday but insists it’s under control, saying he won’t revive a Trump-era practice of… Source link
Read More »AMC Entertainment CEO Reflects On Wild Pandemic Year, Goodbyes To Stakeholders Wanda And Silver Lake
Dalian Wanda, which acquired AMC Entertainment in 2012, surrendered control of the struggling exhibitor as it issued and sold tranches of new stock to raise cash — diluting the stake of the Chinese conglomerate. CEO Adam Aron confirmed the Wanda era was over although the company continues to be AMC largest single largest shareholder. Wanda holds less than 10% of the world’s biggest cinema chain. “They have been absolutely delightful,” he said on a post-earnings conference call… Source link
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