China Market Update- With Mainland & Hong Kong Markets Closed, US Investors React With Natural Buyers Absent

Key News Mainland China and Hong Kong markets were closed overnight to celebrate the Ching Ming Festival (“Tomb Sweeping Day”). This is the day when Chinese families visit the tombs of their ancestors to clean the gravesites and make offerings. It is important to note that with China’s markets closed overnight, the natural buyers were absent from the markets, which is leading to a steep selloff in US-listed shares. US-listed stocks and ETFs are being…

Finance news

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MrBeast’s Net Worth: YouTuber’s Business Made 3 Million in a Year

MrBeast has shaped the creator economy more than any other YouTuber, with mind-bending competitions and gargantuan cash giveaways that have yielded a multifaceted business known as Beast Industries.MrBeast — whose real name is Jimmy Donaldson — solidified his status as YouTube’s most-subscribed creator with videos like “$456,000 Squid Game in…

Business

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Credit card rewards are about to vanish, and guess who’s to blame?

With summer vacations just around the corner, millions of Americans are getting ready to cash in their hard-earned credit card rewards: points, miles and cash back they’ve accumulated all year to help cover flights, hotel stays and rising costs at the gas pump. I would know, as I’m one of them. But what if…

Markets

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I Traveled Around Europe to Find the Best European City to Live in

By the time I turned 18, I’d lived in four different countries — England, Kuwait, China, and the United Arab Emirates.Sparked by my desire to live in one place — and the draw of reasonable university fees — I moved to my “home country” of the Netherlands, where my parents…

Investing

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Wall Street Sours On Trump

A new Forbes survey of Wall Street heavyweights shows many who supported Trump’s economic promises have abandoned him – and a vast majority disapprove of the President’s economic policies. More than two months into Donald Trump’s term, with details of his “Liberation Day” regimen revealed this week, Forbes reached out…