Trade Tensions Rise
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The WSJ Dollar Index Rises 0.2%
The WSJ Dollar Index was up 0.2% to 99.16 — snapping a three-trading-day losing streak.The Wall Street Journal - World -
Trade policy is the new front in the US presidential election
Also in today’s newsletter, how Ray Dalio is thinking about the electionFinancial Times - World -
Xi urged to respond with caution to Biden’s trade tariffs
Beijing advisers call on China’s leader to hold ‘moral high ground’ as spat with US intensifiesFinancial Times - World - Joe Biden -
Individual investors made 30% of GameStop trades on Monday
As the stock prices of GameStop and AMC skyrocket, so does the number of people trading those shares.MarketWatch - Business -
Putin meets Xi as Russia-China ties flourish amid tension with U.S.
Xi Jinping welcomes Vladimir Putin to Beijing - talking peace in Ukraine amid a backdrop of war and growing tension with the U.S. and NATO.CBS News - Politics - China -
Microsoft Asks Some China Staff to Relocate Amid Sino-US Tensions
The group of mostly Chinese nationals work on cloud computing and machine learning, which are now flashpoints in the growing U.S.-China rivalry.Inc. - Business - China -
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Despite Inflation Concerns, Markets Keep Rising
Stocks on both sides of the Atlantic set records as investors foresee interest rates moving in one direction: down.The New York Times - Business -
Comex Gold Settles Lower, Silver Rises
Gold settled 0.4% lower, snapping a two-session winning streak, and silver rose 0.5%, up for a third consecutive session.The Wall Street Journal - World -
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Former ‘Love Island’ stars charged with promoting trading scheme on Instagram
UK’s Financial Conduct Authority accuses ‘finfluencers’ in social media crackdownFinancial Times - Business -
Dow Jones trades above 40,000 for first time, but fails to achieve milestone
The Dow Jones Industrial Average trades above 40,000 for first time ever on Thursday, but fails to finish above the milestone.MarketWatch - Business -
Wanted: Japanese firms’ policy advice on AI, trade and crypto
Legal expertise based on experience in government and industry is in demand to help shape regulationFinancial Times - World - Japan -
As Teen Employee Numbers Rise, So Do Risks of Harassment on the Job
The throng of Gen Z youth new to the workplace face increased risks of sexual harassment at work--a crime officials and prosecutors are warning employers to address.Inc. - Business -
Oil prices rise as crude inventories fall and U.S. inflation eases
West Texas Intermediate and Brent are flat for the week. The contracts have lost 4% and 5.8%, respectively, for the month.CNBC - Business -
Haiti's crisis rises to the forefront of elections in neighboring Dominican Republic
As soaring violence and political turmoil grip neighboring Haiti, the Dominican Republic will hold elections Sunday that have been defined by calls for more crackdowns on migrants and finishing a border wall dividing the countriesABC News - World -
Cannabis stocks rise as U.S. moves to reclassify pot as less dangerous
Cannabis companies including Cresco Labs, Trulieve and Ayr Wellness post solid gainsMarketWatch - Business -
Big rise in diseases linked to ageing and lifestyle increases healthcare burden
Findings on ‘metabolic risk factors’ reflect shift in biggest threats since start of 21st centuryFinancial Times - Business -
Lawmakers Fear A Wave of Election Threats Tied to the Rise of Generative AI
Some small businesses are stepping up to help protect ballot boxes and preserve faith in the electoral process.Inc. - Business -
Microsoft Asks Hundreds of China-Based AI Staff to Consider Relocating Amid U.S.-China Tensions
The request comes as the Biden administration toughens controls on China’s access to cutting-edge American technology.The Wall Street Journal - Tech - China -
Tensions boil over as Michael Cohen, Trump attorney spar during cross-exam
NEW YORK — Former President Trump’s attorney hammered Michael Cohen on Thursday as tensions in the courtroom boiled over on the second day of intense cross-examination of prosecutors’ star witness. For hours, Todd Blanche, Trump’s lead defense ...The Hill - Politics - Donald Trump -
Donovan Mitchell trade rumors: 'Growing sentiment' suggests Cavaliers can re-sign star guard, per report
Mitchell is eligible for a contract extension this offseasonCBS Sports - Sports - NBA -
Mets owner Steve Cohen denies team is planning to sell at trade deadline despite now-deleted tweet
The Mets sit in fourth place in the NL East at 19-23CBS Sports - Sports -
FirstFT: US groups flock to Europe’s bond markets for lower rates
Also in today’s newsletter, Arup loses $25mn in deepfake scam and Britain’s homelessness problemFinancial Times - World -
Putin focuses on trade and cultural exchanges in Harbin, China, after reaffirming ties with Xi
Russian President Vladimir Putin is focusing on trade and cultural exchanges on his state visit to China that started with bonhomie in Beijing and a summit with China’s leader Xi Jinping that deepened their “no-limits” partnership as both ...ABC News - World - China -
Jake Paul and Mike Tyson trade insults as they hype planned summer fight in Texas
Jake Paul and Mike Tyson are trading insults and expletives in advance of their planned summer fight in TexasABC News - Sports - Boxing -
‘Art-washing’? Unease as British cultural institutions lend lustre to Saudi trade push
Campaigners say move to use the arts to reinforce economic ties with Riyadh may help to launder Gulf state’s human rights record. It was an unusual gig for YolanDa Brown, the saxophonist and composer who this week performed high above the clouds ...The Guardian - World -
MLB Power Rankings: The AL and NL Central are rising -- which teams are in our top 10?
While some of the usual players dominate our list, five of our top teams this week are from two unexpected divisions.ESPN - Sports - MLB -
Microsoft is asking hundreds of employees in its China-based cloud-computing and AI operations to consider transferring outside the country, as it finds itself caught in the crosshairs of escalating U.S.-China tensions.
Microsoft is asking hundreds of employees in its China-based cloud-computing and AI operations to consider transferring outside the country, as it finds itself caught in the crosshairs of escalating U.S.-China tensions.The Wall Street Journal - World -
Chinese search-engine giant Baidu reported a drop in quarterly profit, but beat estimates, helped by stable online marketing revenue and rising sales from its AI Cloud business.
Chinese search-engine giant Baidu reported a drop in quarterly profit, but beat estimates, helped by stable online marketing revenue and rising sales from its AI Cloud business.The Wall Street Journal - World