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Monthly Archives: August 2023

HKEX first-half net profit rises 31%, CEO Nicolas Aguzin optimistic

Hong Kong Exchanges and Clearing reported a 31% jump in net profit for the first six months of the year, compared to a year ago — and its CEO has expressed optimism about the medium-term outlook. The strong numbers are attributed to the HKEX’s “diversification away from just the cash …

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EV maker VinFast is now worth more than the likes of Ford and GM

BANGKOK, THAILAND – 2023/05/18: VinFast displays its vehicles at Future Energy Asia Exhibition 2023 at Queen Sirikit National Convention Center. Nathalie Jamois | Lightrocket | Getty Images VinFast’s shares jumped some 270% after its U.S. trading debut, vaulting its total market value past some of the world’s largest automakers such …

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China economy may miss 5% growth amid property, consumption risks

A man looks at his smartphone inside a mall in Beijing on August 15, 2023. Greg Baker | Afp | Getty Images BEIJING — Without more stimulus, China is increasingly likely to miss its growth target of around 5% this year, economists said. The country on Tuesday suspended releases of …

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3 unexpected traits of bad bosses and tell-tale signs of ‘dysfunction’

Bad bosses have always existed in the workplace. They could be the toxic bully, who is overly demanding and critical. Or a micromanager, who gives unsolicited advice, or takes over tasks that their employees are capable of handling. But there are traits of bad bosses that are unexpected and more …

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Cramer points out stocks to watch as China’s economy slows down

CNBC’s Jim Cramer gave investors his top sectors and stocks to watch following Tuesday’s weaker-than-expected Chinese economic data. The Dow Jones Industrial Average slid more than 300 points as concerns over China’s economy began to mount. The country’s July economic data broadly missed expectations, and the National Bureau of Statistics’ …

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Jeffrey Epstein referred Obama White House counsel to JPMorgan

Kathy Ruemmler, former White House Counsel, appears on “Meet the Press” in Washington, D.C., June 29, 2014. William B. Plowman | NBCUniversal | Getty Images Sex predator Jeffrey Epstein was involved in establishing a client relationship between Obama White House counsel Kathryn Ruemmler and JPMorgan Chase in February 2019, four …

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AI startup founder pumped revenue to defraud venture investors

U.S. Attorney for the Southern District of New York Damian Williams speaks during Martin Luther King Jr. Day at the National Action Network House of Justice headquarters. Lev Radin | Pacific Press | Lightrocket | Getty Images The founder of a data analytics firm, which purportedly used artificial intelligence technologies, …

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Hindenburg Research says Freedom Holding helps Russians evade sanction

Timur Turlov, CEO of Freedom Finance brokerage speaks to Reuters during the interview in the office in Moscow, Russia October 10, 2019. Maxim Shemetov | Reuters Hindenburg Research, the prominent short seller that’s bet against Jack Dorsey’s Block, Carl Icahn and electric vehicle startup Nikola, is now taking on a …

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Many couples don’t split costs equally. Experts say here’s what’s fair

Zamrznutitonovi | Istock | Getty Images Many Gen Z and millennial couples are moving in together before tying the knot to save money, but that doesn’t often mean a 50-50 split when it comes to expenses. Roughly 3 in 5 unmarried couples in the U.S. live with their partners, according …

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Biden administration warns grad school borrowing is cause for concern

Gatot Adriansyah | Istock | Getty Images The share of federal education debt going to graduate students is at its highest point in history, a new report by the U.S. Department of Education finds. Alarmingly, as graduate school borrowing increases, wages for those with an advanced degree haven’t risen nearly …

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