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Business, Stocks

“China Hedge Funds in Crisis After Losses, US Investor Retreat”

“…The number of active China-focused hedge funds has slipped for the first time since at least 2012, with only five new funds launched this year as of June, according to data from Preqin Ltd. Another 18 funds were liquidated, the… Continue Reading…

Cryptocurrencies

“Binance to exit the Netherlands after failing to obtain regulatory approval”

“Cryptocurrency exchange Binance said it will leave the Netherlands after the company’s application to register under the Dutch crypto authorization regime was rejected. Referring to a virtual asset service provider, Binance on Friday said that it could no longer serve… Continue Reading…

Business, Economy

“Apple Suppliers Are Racing to Exit China, AirPods Maker Says”

“Apple Inc.’s Chinese suppliers are likely to move capacity out of the country far faster than many observers anticipate to pre-empt fallout from escalating Beijing-Washington tensions, according to one of the US company’s most important partners… AirPods maker GoerTek Inc.… Continue Reading…

Business

“Starbucks will exit Russia after 15 years, closing 130 licensed cafes”

“After 15 years operating in Russia, Starbucks will exit the market, joining companies like McDonald’s, Exxon Mobil and British American Tobacco in withdrawing from the country completely. The coffee giant announced Monday that it will no longer have a brand presence in Russia. Starbucks has 130 locations… Continue Reading…

Economy

“India’s Economy Exits Deep Recession as Fledgling Recovery Strengthens”

” After plunging into one of the worst recessions of any major economy, India is showing signs of a modest comeback. But that recovery is uneven, and the country is still struggling to find ways to sustain growth. Its service sector… Continue Reading…

Stocks

“JPMorgan Sees Possible $300 Billion Rebalancing Flow From Stocks”

“Rebalancing flows may lead to an exodus of around $300 billion from global stocks by the end of the year, according to JPMorgan Chase & Co… “We see some vulnerability in equity markets in the near term from balanced mutual… Continue Reading…

Business

“E-Cigarette Maker Juul to Cut Staff by 50%, Exit More Markets”

“E-cigarette giant Juul Labs Inc. could cut more than half its workforce, according to a person familiar with the company’s plans, while it weighs exiting more European and Asian markets, further signs of the once high-flying company’s deteriorating fortunes. Juul… Continue Reading…

Banking, Business, Economy

“Deutsche Bank will exit global equities business and slash 18,000 jobs in sweeping overhaul”

“Deutsche Bank announced Sunday that it will pull out of global equities sales and trading, scale back investment banking and slash thousands of jobs as part of a sweeping restructuring plan to improve profitability. Deutsche will cut 18,000 jobs for a global headcount… Continue Reading…

Economy

“New York City’s Population Dips for First Time in Over a Decade”

“The nation’s largest city is losing population for the first time in more than a decade, new federal estimates show…” https://www.wsj.com/articles/new-york-citys-population-dips-for-first-time-in-over-a-decade-11555560060 This might not look like a business article at first glance. This is article is important in regards to… Continue Reading…