category: Global

Billionaire Ray Dalio Warns Fed Faces Tough Road Ahead Balancing Interest Rate Cuts And ‘Enormous’ US Debt Amid $1 Trillion In Interest Payments This Year

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Billionaire investor Ray Dalio has highlighted the difficulties faced by the U.S. Federal Reserve as it navigates interest rate cuts amid a heavily indebted economy. What Happened: On Thursday, Dalio the founder of Bridgewater Associates said that the Fed must balance keeping interest rates high enough to benefit creditors while not excessively burdening debtors, Dalio said … Read more

Mike Johnson Says Fed Chair Jerome Powell Admitted Biden-Harris Immigration Policies Have Raised Unemployment And Are ‘Harming American Workers’ — Elon Musk Amplifies Discussion

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Speaker Mike Johnson (R-La.) claimed on X that Federal Reserve Chairman Jerome Powell admitted President Joe Biden and Vice President Kamala Harris‘ administration’s immigration policies are contributing to higher unemployment rates. Powell’s comments were made during a postmeeting press conference. What Happened: Johnson shared a video clip where Powell was questioned about the recent job … Read more

Elon Musk Accuses FAA Of Fining SpaceX Over ‘Nonsense’ That Doesn’t Affect Safety: ‘Amazingly, No Starliner Fines For Boeing'” – Boeing (NYSE:BA)

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Tesla Inc. and SpaceX CEO Elon Musk has publicly criticized the Federal Aviation Administration for imposing a $633,009 fine on SpaceX for regulatory violations, hinting at the agency’s favoritism towards Boeing Co BA. What Happened: According to a post by Musk on X, he questioned why Boeing was not fined despite NASA deeming their spacecraft … Read more

Nvidia Supplier ASML Among Firms That Face Potential New Export Restrictions As US, Japan Move To Limit Chip Technology To China: Report – NVIDIA (NASDAQ:NVDA), ASML Holding (NASDAQ:ASML)

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Ahead of the November presidential election, the U.S. and Japan are on the verge of finalizing a deal to limit the export of chip technology to China. What Happened: The agreement aims to address loopholes in existing export rules and impose new restrictions reflecting the rapid advancements of Chinese companies in chip production over the … Read more

Titanic Shipbuilder Goes Insolvent After 163 Years, $264M Funding Request Denied By Authorities

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Harland & Wolff, the historic UK shipbuilder known for constructing the Titanic, declared insolvency on Monday. What Happened: The 163-year-old company announced it would likely enter administration in the coming days after failing to secure necessary funding. Administration allows UK companies to restructure instead of immediate liquidation. Harland & Wolff’s request for a £200 million … Read more

Bill Ackman And Elon Musk Blast Kamala Harris For Her Social Media Posts During Debate With Trump: ‘Even Her Tweets Are Not Her Own’

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Recent comments by prominent figures have sparked debate over Vice President Kamala Harris‘s social media activity and public engagement. Bill Ackman, CEO of Pershing Square Capital Management, raised questions about Harris’s involvement in her own X posts during the recent presidential debate. What Happened: Ackman suggested on X (formerly Twitter) that Harris does not write … Read more

Alibaba Shares Spike Over 4% In Hong Kong After Stock Connect Programs Give Mainland China Investors Greater Access – Alibaba Gr Hldgs (NYSE:BABA), Alibaba Gr Hldgs (OTC:BABAF)

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Alibaba Group Holding BABAF BABA saw its Hong Kong-listed shares rise by 4.28% on Monday. The surge followed the inclusion of its ordinary shares in the Shanghai-Hong Kong and Shenzhen-Hong Kong Stock Connect programs. What Happened: The company’s shares were trading at HK$81.65 after the announcement. The inclusion means that eligible investors in Mainland China … Read more

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