Chinese President Xi Jinping reportedly urged U.S. President Joe Biden to adjust the language used by the United States concerning Taiwan’s independence. This request was made during a meeting near San Francisco last November. What Happened: Xi’s aides have persistently followed up on this request, but the U.S. has maintained its stance. The White House…
Top economist David Rosenberg, known for predicting the 2008 market crash and recession, is sounding the alarm about a potential stock market crash. Mega-Bubble: In recent notes to Rosenberg Research clients, the market bear warned that the current market is in a “mega-bubble” and cautioned investors against chasing momentum. “When this mega-bubble pops, it will…
Ray Dalio, the founder of Bridgewater Associates, has called on Xi Jinping‘s China to adopt a “beautiful deleveraging” strategy. This comes in the wake of China’s recent stimulus measures, which Dalio believes should be complemented with this strategy to avert a potential debt crisis. What Happened: Dalio, while speaking at the FutureChina Global Forum in…
China’s stock market faced a significant decline on Tuesday, even as broader Asia-Pacific markets experienced gains. This downturn occurred in the wake of record highs on Wall Street, where the Dow Jones Industrial Average and the S&P 500 reached new peaks. What Happened: Several Chinese companies saw notable declines. Nio Inc – ADR NIO fell…
In a bold statement ahead of Taiwan’s national day, Lai Ching-te has firmly asserted that it is “absolutely impossible” for Communist China to claim Taiwan as its motherland. This declaration emphasizes Taiwan’s historical government, which predates the People’s Republic of China. The comments have sparked criticism from Taiwan’s opposition party, the Kuomintang, accusing Lai of…
The leaders of China and North Korea have pledged to enhance their bilateral cooperation on the occasion of the 75th anniversary of their diplomatic relations. What Happened: Chinese President Xi Jinping has expressed his commitment to the development of China-DPRK relations in a message to North Korean leader Kim Jong Un. Xi highlighted the significance…
China stocks are taking a breather on Thursday after staging an impressive rally in recent weeks on the back of mounting stimulus optimism. Here’s a look at what’s going on. What To Know: Chinese indices ended their 13-day win steak on Thursday as markets tilted to risk-off amid rising concerns over ongoing Middle East tensions,…
Warren Buffett, widely considered the greatest investor of all time, is one of the richest people on the planet, but you wouldn’t know that based on the clothes he wears, the car he drives — or even the house he lives in. What To Know: The legendary investor is well known for living well below his means,…
“Shark Tank” fame Billionaire Mark Cuban has cautioned Elon Musk about the loyalty of Donald Trump, in response to Musk’s X supporting the ex-president’s re-election. What Happened: On Sunday, Cuban took to X to respond to Musk’s post, which claimed that Trump’s re-election was the only way to save democracy. Musk had argued that the…
China’s latest economic stimulus is creating significant ripples in global markets. Following a series of bold actions by the People’s Bank of China (PBoC), including slashing the reserve requirement ratio (RRR) for banks and cutting key repo rates, the financial system is poised for an influx of liquidity. The aim is to inject $140 billion…