The Microsoft Bing App is seen running on an iPhone in this photo illustration on 30 May, 2023 in Warsaw, Poland. (Photo by Jaap Arriens/NurPhoto via Getty Images) Jaap Arriens | Nurphoto | Getty Images Artificial intelligence may lead to human extinction and reducing the risks associated with the technology …
Read More »Monthly Archives: May 2023
Hang Seng in bear market territory as China reopening optimism fades
People wearing face masks crossing a street at Hong Kong’s Wan Chai district on Feb. 16, 2021. Zhang Wei | China News Service | Getty Images Hong Kong’s benchmark index entered bear market territory Wednesday on an intraday basis, erasing the rebound gains from China’s reopening. The Hang Seng index …
Read More »Very few U.S.-China flights are back despite the end of Covid
Flights of Air China are parked on the tarmac of Beijing Capital International Airport in Beijing, China, March 28, 2016. Kim Kyung Hoon | Reuters BEIJING — Fewer than 6% of U.S. flights to and from mainland China that existed in 2019 have resumed, according to a Nomura report. In …
Read More »Japan’s largest brewer Asahi on investing in China and Europe
Asahi Super Dry is one of Asahi Group Holding’s core beverage brands. Bloomberg | Bloomberg | Getty Images Japan’s Asahi Group Holdings has plans to dive back into the China market as it looks to revive investments in the world’s largest beer market. “We’ve been struggling hard since the first …
Read More »New warning signs emerge for China’s property market
Construction on a real estate development project gets underway near the Bund in Shanghai, China, on May 25, 2023. Future Publishing | Future Publishing | Getty Images BEIJING — New data show China’s massive property sector is still struggling to turn around, despite signs of recovery earlier this year. “In …
Read More »Cramer says the money’s in tech this year, be careful with any other sector
CNBC’s Jim Cramer told investors on Tuesday to watch out for the losers, because there’s a lot of them this year. The safest spot for your money right now is tech — otherwise, tread carefully. “You stray, you lose,” Cramer said. “That’s the defining feature of this market, because if …
Read More »Debt limit bill would speed completion of West Virginia gas pipeline
Lengths of pipe wait to be laid in the ground along the under-construction Mountain Valley Pipeline near Elliston, Virginia, September 29, 2019. Charles Mostoller | Reuters A bipartisan debt limit bill struck by President Joe Biden and House Republicans over the weekend would expedite approval of all permits for a …
Read More »Proposed debt ceiling deal would cut $21.4 billion in IRS funding
Visitors at the U.S. Capitol in Washington, D.C., on May 24, 2023. Jonathan Ernst | Reuters A tentative deal to raise the debt ceiling limit includes up to $21.4 billion of IRS budget cuts, slashing part of the nearly $80 billion in agency funding enacted last August to boost taxpayer …
Read More »‘No one gives a s— about’ climate change, rebrand it
Austrian-US actor, filmmaker, politician and activist Arnold Schwarzenegger gives a speech during the opening ceremony of the R20 Regions of Climate Action Austrian World Summit in Vienna, Austria, on May 28, 2019. Georg Hochmuth | Afp | Getty Images Arnold Schwarzenegger says the global effort to mitigate the effects of …
Read More »Stocks making the biggest moves midday: NVDA, TSLA, COIN
Visitors at the Nvidia stand at the 2022 Apsara Conference in Hangzhou, China, Nov 3, 2022. Nvidia Stock Soar | Future Publishing | Getty Images Check out the companies making headlines in midday trading. Nvidia — Shares of the chipmaker and artificial intelligence beneficiary popped nearly 6%, building on its …
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