China, Hong Kong stocks lift Asian equities; growth worries loom

China, Hong Kong stocks lift Asian equities;  growth worries loom

China, HK stocks rise after fresh reports of easing COVID curbs Economic slowdown fears temper risk sentiment Morning Bid- So what’s up with Treasuries? SINGAPORE, Dec 8 (Reuters) – Asian equities rose on Thursday, propped up by Hong Kong and China stocks amid growing optimism over an easing of COVID restrictions in the world’s second … Read more

Stocks, bond yields dip as US data muddies Fed rates outlook

Stocks, bond yields dip as US data muddies Fed rates outlook

Wall Street extends losses as recession worries mount Crude oil falls to lowest since January Bank of Canada signals slower pace of rate hikes China relaxes COVID rules but imports, exports slump http://tmsnrt.rs/2yaDPgn NEW YORK/MILAN, Dec 7 (Reuters) – World stocks slipped further and Treasury yields dipped on Wednesday as US worker productivity data beat … Read more

Ex-Theranos president Balwani sentenced to nearly 13 years for fraud

Ex-Theranos president Balwani sentenced to nearly 13 years for fraud

Dec 7 (Reuters) – A US judge on Wednesday sentenced former Theranos Inc President Ramesh “Sunny” Balwani to 12 years and 11 months in prison on charges of defrauding investors and patients of the blood testing startup led by Elizabeth Holmes, a spokesperson for the US attorney’s office confirmed. US District Judge Edward Davila in … Read more

Supreme Court leans towards limiting judicial scrutiny of US elections

Supreme Court leans towards limiting judicial scrutiny of US elections

Justice debate “independent state legislature” doctrine Liberal justices decry threat to “checks and balances” Conservative-dominated court to rule by end of June WASHINGTON, Dec 7 (Reuters) – The US Supreme Court’s conservative majority on Wednesday appeared to be ready to limit judicial power to overrule voting policies crafted by state politicians but might not go … Read more

Putin acknowledges Russia’s war in Ukraine could be a long one

Putin acknowledges Russia’s war in Ukraine could be a long one

Nuclear weapons threat risen but ‘we haven’t gone mad’ – Putin Russia fired over 1,000 times at Ukraine power grid – report LONDON/KYIV, Dec 8 (Reuters) – Russian President Vladimir Putin has acknowledged that his army could be fighting in Ukraine for a long time, but for now there will be no second call-up of … Read more

Florida doctors issue strong warning for those looking to use drugs to lose weight

FOX 35 Investigates: Is weight loss drug too good to be true? You don’t have to look far to find people talking about Ozempic, a drug used to treat type 2 diabetes. However, some people are not being prescribed the drug to help with weight loss. Although, not all doctors recommend it. A relatively new … Read more

Wall St ends lower after choppy trading from rising recession worries

Apple down after Morgan Stanley cuts December shipment target Tesla falls on production loss worries Dec 7 (Reuters) – Wall Street’s main indexes ended broadly lower on Wednesday, after a choppy session where investors struggled to grasp a clear direction as they weighed how the Federal Reserve’s monetary policy tightening might feed through into corporate … Read more

China’s Xi on ‘epoch-making’ visit to Saudi as Riyadh chafes at US censorship

RIYADH, Dec 7 (Reuters) – Chinese President Xi Jinping began a visit to Saudi Arabia on Wednesday that Beijing said marked its biggest diplomatic initiative in the Arab world, as Riyadh expands global alliances beyond a longstanding partnership with the West. The meeting between the global economic powerhouse and Gulf energy giant comes as Saudi … Read more

Amazon shopping site back up after outage

Dec 7 (Reuters) – Amazon.com Inc (AMZN.O) said it has resolved an issue that prevented some users from accessing the shopping site on Wednesday. “We’re sorry that some customers may have temporarily experienced issues while shopping. We have resolved the issue,” a company spokesperson told Reuters, but did not provide any details on what caused … Read more