Micron stock tanks 17% as AI chip selloff deepens: What's next?

China launches new remote sensing satellites

China launched a group of remote sensing satellites from the Xichang Satellite Launch Center in southwest China's Sichuan Province on Thursday.

China’s new PLA theatre chiefs identified as anti-corruption drive clears ranks

Beijing has hinted at the new leadership line-up in its military theatre commands, with fresh faces emerging during last week’s party conclave in the seating area reserved for key commanders, filling vacancies left by China’s anti-corruption drive. The fifth plenum of the Communist Party’s 20th Central Committee, which concluded last Thursday, focused on party discipline and political loyalty, confirming the expulsion of 33 full and alternate Central Committee members, including 16 senior...

Chinese vice premier calls for joint efforts to achieve balanced trade

Chinese Vice Premier Ding Xuexiang on Thursday called for joint efforts to achieve balanced trade through greater market openness, deeper investment cooperation, innovation and the removal of trade barriers.

Giant panda personalities ready for public debut in Atlanta

Hear from Dr. Gina Ferrie, Vice President of Collections and Conservation, about how her team at Zoo Atlanta have prepared for the public unveiling of the beloved species from China.

Atlanta is ready for pandas

Atlanta is ready for pandas

Defiant Hegseth tells US Democrats their impeachment push ‘won’t work’

US Secretary of Defence Pete Hegseth said he will “not back down” against a “lame duck” US Congress, and that the calls for his impeachment will “not work” in his first reaction after the Democrats’ landslide victory in Tuesday’s midterm elections. In a video uploaded by the Pentagon on Thursday, Hegseth said that “a disgruntled, defeated congressman, along with all his Democrat allies”, have been submitting “sham” bills for his impeachment, resembling that of the similar attempt against US...

Stock markets down today: Dow Jones plunges 1,753 points, S&P 500 drops 4% and Nasdaq enters correction - why Wall Street reversed its post-election rally

Stock markets down today: Wall Street's post-election rally quickly turned into a major sell-off as the Dow plunged 1,753 points and the Nasdaq entered correction territory. Fears that Democratic victories could slow AI data-center expansion triggered heavy losses in Nvidia, AMD, Micron and other technology stocks, wiping out Wednesday's gains.

JPMorgan’s relationship with Jeffrey Epstein may be probed by Democrats after Senate takeover, says report

JPMorgan Chase’s banking relationship with the late sex offender Jeffrey Epstein will be probed by the Democrats after they take control of Congress early next year, a report said. The Democrats on the Senate Finance Committee want to know how top executives at JPMorgan dealt with Epstein. Senator Ron Wyden will chair the panel in January next year.

A record 769,000 Americans now have $1 million in their 401(k). Here’s how much they save

As of late June, an impressive 769,000 people had exceeded $1 million in their workplace retirement accounts. Fidelity revealed that the average 401(k) balance was pegged at $155,800, while the median was notably lower at $35,800. In the second quarter, thanks to a 14.9% increase in the S&P 500, many account holders saw significant recovery.

US sanctions Chinese firms over alleged military supplies to Cuba

The United States has imposed sanctions on two Chinese companies it accuses of supplying equipment and components to Cuba’s military, as Washington intensifies pressure on Havana’s foreign suppliers and expands its authority to target businesses operating on the island. The US State Department said on Thursday that China National Electronic Import and Export Company, or CEIEC, and Beijing H&C Technologies had worked with Cuban arms procurement company Sociedad Mercantil Duna to supply...

Democrats’ midterm win sends shockwaves through Wall Street! Nasdaq crashes 5% as AI stocks tank

Giant pandas ready to meet the public in Atlanta

After more than a month acclimating to their new U.S. environment, Ping Ping and Fu Shuang are ready to share their lives.