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...Meanwhile, Mira Rapp-Hooper has become the top White House official for east Asia and Oceania....
...Michael Raska, assistant professor at Singapore’s S Rajaratnam School of International Studies, said CNC exports were an example of how China and Russia were being drawn into a deepening military-industrial...
...By lunchtime in New York, the benchmark S&P 500 gauge was down 1.1 per cent, while the technology-heavy Nasdaq Composite was down 1.5 per cent....
...The late 1990s was “a very similar time period for the stock market”, Hooper added, “in that there was a lot of excitement over technology.”...
...The S&P 500 index of blue-chip US stocks closed down 1.4 per cent on Tuesday. The tech-heavy Nasdaq Composite dropped by 1.8 per cent....
...Chart of the day The S&P 500 stock index yesterday crossed the milestone of 5,000 points for the first time....
...A lawyer at Cuddy said “the underlying assertion was not about ChatGPT’s correctness on rates, but rather, what parents would expect as consumer[s]” and pointed to the difficulties of gathering evidence...
...Stock traders have begun placing bets on an upsurge of volatility around November’s US election, which is shaping up to feature a tense rematch between President Joe Biden and his predecessor Donald Trump...
...“This has been a pretty optimistic period in time,” said Kristina Hooper, chief global market strategist at Invesco....
...“China’s diplomatic clout is extremely limited,” said Alan Chong, senior fellow at the S Rajaratnam School of International Studies in Singapore....
...Stocks advanced, with the S&P 500 closing 1.1 per cent higher to recoup almost all of its fall on Thursday that marked the biggest drop since mid-February....
...US stocks and bond prices moved higher on Thursday, with the S&P 500 gaining 0.5 per cent....
...This month rating agency S&P Global downgraded Ecuador’s outlook to negative from stable, arguing the crime wave could hit reforms....
...President Joe Biden hailed Friday’s report from the Bureau of Economic Analysis as a “significant milestone” in efforts to return inflation back to its pre-pandemic levels....
...“There are inconsistencies in the data set that was just released,” noted Louis Kuijs, head of Asia economics at S&P and a former World Bank economist in China....
...The US aid will help Ukraine’s defence, but continued protection of infrastructure and assets “require[s] a very high number of air defence[s]”, Chernyshov said....
...In 2016, the S&P 500 gained about 6 per cent in the six weeks following Trump’s win. Over his entire term, the S&P 500 gained 57 per cent, compared with 48 per cent so far under Biden....
...s=20 “The Biden Administration can’t even announce the halt of funding to UNRWA terrorist without equivocating,” Republican senator Tom Cotton said....
...There has been a significant easing in financial conditions that is giving companies breathing room,” said Invesco’s Hooper....
...And on Wall Street, the S&P 500 has hit record highs this year. So what’s going on? Shouldn’t voters love all of this?...
...“My expectation is that it will contribute to significant volatility when we get near the actual day of the election,” said Kristina Hooper, chief global market strategist at Invesco....
...The S&P 500 is up more than a third since the start of 2021 and hit record highs this year. Unemployment is near record lows....
...A spokesperson for the Moreno campaign slammed the Democrats’ tactics, saying the party “constantly underestimate[s] the America First movement at their own peril”....
...Americans are increasingly happy about the economy but reluctant to give credit to Joe Biden, according to a new poll that underscores the US president’s challenges as he squares off against Donald Trump...
...Joe Biden yesterday unveiled a $7.3tn budget plan for 2025 which would push US debt above 100 per cent of gross domestic product....
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