Category: Business
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In the past couple of years, the world has fully awoken to the incredible economic and technological growth exhibited by China. But what lessons are there for America? Are there even lessons for America? Dan Wang, research fellow at Stanford University’s Hoover History Lab, has probably been one of the foremost commentators and observers on…
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China’s manufacturing activity moved back into expansion territory in August, according to a private survey, rebounding far more than forecast in contrast with an official poll. Source: Bloomberg Markets.
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China’s major copper smelters delivered strong first-half earnings, amid a global squeeze on feedstock supply that has battered overseas rivals. Source: Bloomberg Markets.
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China’s stock market is heading for a record turnover this month, underscoring the intensity of a bull run that’s bringing in more investors by the day. Source: Bloomberg Markets.
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As the University of California at Los Angeles works to follow other schools in reaching a deal with the White House to restore federal funding, it faces a unique complication: Governor Gavin Newsom’s crusade against the Trump administration. Bloomberg’s Liam Knox reports. (Source: Bloomberg) Source: Bloomberg Markets.
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The US economy expanded in the second quarter at a 3.3% annualized pace, slightly faster than initially estimated, while initial jobless claims decreased by 5,000 to 229,000 in the week ended Aug. 23. Michael McKee reports on Bloomberg Television. (Source: Bloomberg) Source: Bloomberg Markets.
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Gold was steady after a two-day gain on concern over the independence of the Federal Reserve and inflation risks in the US. Meanwhile, oil fell as traders looked past US efforts to force India to quit buying Russian crude. Marcus Garvey, Head of Commodities Strategy at Macquarie spoke to Bloomberg’s Horizons Middle East and Africa…
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Thousands of workers are set to rally in Jakarta and 38 other provinces on Thursday to demand higher wages and lower taxes, marking a second major street protest this week that signals growing discontent with President Prabowo Subianto’s administration less than a year into his term. Source: Bloomberg Markets.
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“Bloomberg Crypto” covers the people, transactions, and technology shaping the world of decentralized finance. Today’s guests: Twenty One Capital CEO and Co-Founder Jack Mallers and OpenWorld Co-Founder Chief Legal Officer Stephan Dalal. (Source: Bloomberg) Source: Bloomberg Markets.
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President Javier Milei is ratcheting up his defense of Argentina’s currency ahead of another massive local debt auction, piling the pain on the banking system and the broader economy as he fights inflation. Source: Bloomberg Markets.