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Zhou Warns of Stimulus Cost; Xi Urges Cooperation: Boao Update

China's annual Boao Forum entered its last day, with former central bank governor Zhou Xiaochuan warning of inflation risks caused by global stimulus policies adopted during the Covid-19 pandemic. Chinese government officials and business leaders are ...

Bank of Canada Becomes First to Signal Exit From Stimulus

Policy makers led by Governor Tiff Macklem said Wednesday they would scale back their purchases of government debt by a quarter to C$3 billion ($2.4 billion) and accelerate the timetable for a possible interest-rate increase.

Oil Extends Losing Run on Demand Concerns, US Stockpile Gain

Oil dropped for a third day after data showed a rise in U.S. stockpiles and investors fretted over an uneven recovery in global demand. West Texas Intermediate shed 0.5% following a fall on Wednesday, when government figures showed the first rise in ...

Federal Inspectors Fear More Vaccines Were Exposed to Contamination

The New York Times

The New York Times

WASHINGTON — Federal regulators have found serious flaws at the Baltimore plant that had to throw out up to 15 million possibly contaminated doses of Johnson & Johnson's coronavirus vaccine — casting doubt on further production in the United States of ...

Wall Street Starts to See Weakness Emerge in Bitcoin Charts

Key level for largest cryptocurrency is around $60,000 · Weaker flows into Bitcoin funds can hurt, Panigirtzoglou says.

Oil prices drop as India's COVID-19 surge crimps demand outlook

Oil prices fell for a second day on Wednesday, weighed down by concerns that surging COVID-19 cases in India will drive down fuel demand in the world's third-biggest oil importer. Brent crude futures for June fell 48 cents, or 0.7%, to $66.09 a barrel at 0515 ...

Oil falls 3rd day on US stock build, surging COVID-19 cases

Oil prices fell for a third day on Thursday as a surprise build in U.S. crude inventories and a resurgence of COVID-19 cases in India and Japan raised concerns that a recovery in global economy and fuel demand may slow. Brent crude futures fell 57 cents, ...

Forbes

Will MGM Resorts Remarkable Comeback Continue?

Forbes

But with growing "reopening" optimism, the operator of casino hotels like Bellagio, MGM Grand and Excalibur in Las Vegas, plus an even larger business in China, closed at 41.20 on April 21, a gain of more than 300% from its low.

Digital Yuan Gives China a New Tool to Strike Back at Critics

Even China's state-run banks are complying with U.S. sanctions. That's one reason the Biden administration is starting to study whether China's development of a digital currency will make it harder for the U.S. to enforce sanctions, Bloomberg reported earlier ...

Motley Fool

Could QuantumScape Be a Millionaire-Maker Stock?

Motley Fool

First and foremost, QuantumScape's biggest attraction is its promising technology. The company claims to have achieved major breakthroughs in next-generation battery technology. Right now, electric vehicles use lithium-ion batteries. Though they ...