The stock market is set to begin the new year after a strong 2023, where the S&P 500 rallied by 24%. However, stock futures were flat in overnight trading Monday, with the Dow Jones Industrial Average up only 18 points. Wall Street strategists predict lower returns for stocks in 2024, anticipating the S&P 500 to
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China’s President Xi Jinping has made it abundantly clear that China’s “reunification” with Taiwan is inevitable. In his recent New Year’s address, President Xi struck a stronger tone compared to previous years, leaving no doubt about his intentions. With less than two weeks to go before Taiwan elects a new leader, tensions between Beijing and
After a month-long trial in November, Sam Bankman-Fried, the disgraced founder of FTX, was found guilty of all seven criminal counts against him. However, prosecutors have recently announced that they will not pursue a second trial against him. The decision was based on the fact that much of the evidence that would have been presented
Asia-Pacific markets closed the year with a mixed performance as investors analyzed the implications of Chinese consumer electronics company Xiaomi’s entry into the electric-vehicle market. The company’s Hong Kong shares fell more than 3% after the announcement, sparking concerns about the competition it might pose to industry giants Tesla and Porsche. This article explores the
Asia-Pacific markets exhibited a mixed performance on Thursday, with Australia stocks hovering near two-year highs while Japan shares took a breather after a rally. Australia’s S&P/ASX 200 index rose by 0.33%, holding at its highest level since late April 2022. This is a positive development for Australia as the index is set to end the
Chinese online gaming stocks experienced a resurgence on Wednesday after the country’s top gaming regulator expressed a commitment to carefully considering the concerns of all stakeholders regarding proposed regulations aimed at curbing excessive online gaming and spending. The draft guidelines, released by China’s National Press and Publication Administration, had previously caused a decline in the stock
Over the past decade, the vaping industry has experienced a significant surge in popularity. With health bodies promoting vaping as an aid to quit smoking and cigarettes losing their appeal, more people have turned to vaping as a seemingly healthier alternative. However, this once-thriving industry is now facing a reckoning as governments express concerns about
In a dramatic turn of events, a charter plane bound for Nicaragua found itself grounded in France due to an ongoing human trafficking investigation. The flight, carrying 303 passengers, was blocked from proceeding and forced to remain at the Vatry Airport for four days, causing immense distress to the travelers. Eventually, the situation was resolved,
Denmark’s Maersk, one of the world’s largest shipping companies, is preparing to resume its operations in the Red Sea and Gulf of Aden. This comes as a result of a U.S.-led military operation called Operation Prosperity Guardian (OPG), which aims to ensure the safety of commerce in the region. The company had temporarily halted shipping
Recently, around 300 Indian citizens were held captive at a French airport for three days. This dramatic incident was a result of a police operation driven by a tip that the individuals aboard the flight may be victims of human trafficking. Among the detained were children and families, including a 21-month-old toddler and several unaccompanied