Federal Reserve keeps interest rates unchanged again at July meeting
On Wednesday, July 29, the Federal Reserve announced that it would maintain the federal funds rate at 3.50% to 3.75%,…
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News: “CVC Capital” plans to sell “Xi’an Yikang Pharmaceuticals”
CVC Capital Partners Plc, a private equity investment institution, is reportedly considering selling its Chinese chain drugstore Xi’an Yikang Pharmaceutical…
BMW Plans to Lay Off 8,000 Employees as The China Market Struggles
Due to a drastic decline in sales in the largest single market, China, and the impact of U.S. tariffs and…
US sanctions Iran shipping extortion network, blocking oil flow to China
The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) announced on Wednesday a significant sanction action against…
SK Hynix revenue hits record high but fails to meet market expectations; stock price plummets
Benefiting from the continued strong demand for artificial intelligence (AI) memory, South Korea’s leading memory manufacturer, SK hynix, announced its…
Intensified Management Pressure: Chinese State-Owned Banks Reduce Salary for Third Consecutive Year
China’s loan growth continues to decline, with a negative growth of household loans in the first half of the year….
AI concerns hit Asian stocks hard; South Korean stocks trigger circuit breaker for two consecutive days, plunging over 11%
On Wednesday, July 29th, the Asia-Pacific stock markets experienced significant volatility due to concerns over AI valuations, escalating competition, high…
Realtor: Income Needed to Buy Entry-Level Home in America Increases by 80% in 7 Years
According to a report released by the real estate website Realtor.com on July 20, the annual income needed for American…
Businesses Complain about Unfair Competition from City-Owned Supermarkets, Plan to Sue City Government.
The “Multicultural Business Alliance” (MBC), composed of immigrant business communities, recently voted in favor of filing a lawsuit against the…
Musk Launches Universal App X Platform with X Money Payment in the US.
Elon Musk’s underling social platform X (formerly known as Twitter) has officially launched its financial service X Money in the…