Month: September 2024

How the world is fighting against Chinese products

I came across several news items that are obviously not exceptions, but rather commonplace today. China has asked the World Trade Organization to negotiate with Canada over tariffs imposed on Chinese electric vehicles, as well as steel and aluminum products. Beijing also announced that it plans to launch an anti-dumping investigation into Canadian rapeseed imports, a week after Ottawa joined the US and EU in imposing a 100% tariff on Chinese electric vehicles and a 25% tariff on imported steel and aluminum. and another one Turkish steelmakers want to protect the market from Chinese steel as soon as possible According to the Turkish Steel Producers Association (TCUD), the country should introduce restrictive measures against Chinese steel to avoid turning into an open market, as imports of steel products from China to the country continue to grow exponentially. So the question is, will the Chinese economy have time to reorient itself to the domestic market before exports become more trouble than they are worth? submitted by /u/dll_crypto [link] [comments]

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This is wild. Full-time employment dropped by 1 million workers in August compared to last year, marking the 7th straight monthly decline.

Since the peak in June 2023, the number of full-time jobs in the U.S. has plummeted by a staggering 1.5 million. https://preview.redd.it/hc4a843vwmnd1.jpg?width=1200&format=pjpg&auto=webp&s=e22628196aff8b688097ca58b4c7438ba80e0cdd Meanwhile, part-time employment surged by 1 million year-over-year in August. On top of that, the number of permanent job losses jumped by 324,000 year-over-year, reaching 2.5 million – the highest since November 2021. This is the 16th consecutive month of part-time job growth, the longest streak since the 2008 Financial Crisis. How is this a “strong” labor market? submitted by /u/FXgram_ [link] [comments]

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Nvidia’s $NVDA 30-day stock volatility is now at its highest level since 2022. The shares of the world’s third-largest company are trading like penny stocks.

This comes after the stock surged 43% in the first three weeks of August and then dropped 18% in the following week. Now, the chipmaker has lost a staggering $650 billion in market capitalization since its peak in June. In the last three months, $NVDA has experienced six swings of 15% or more in either direction. For comparison, in the first quarter of 2022, the stock saw four swings of at least 20%. https://preview.redd.it/fcm2b6ntomnd1.png?width=800&format=png&auto=webp&s=02752bf588efcea4c872c6d63e2298ba267a08bb submitted by /u/XGramatik [link] [comments]

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The personal savings rate in the U.S. fell to 2.9% in July, the lowest in two years. Savings as a percentage of disposable personal income are now at the second-lowest level since the 2008 financial crisis.

The savings rate has been declining for 14 straight months. For comparison: the average savings rate during the 2009–2019 period was around 6.0%, and in the 1980s, it was around 11.0%. Amid high inflation, wage growth has slowed, leading to record credit card usage and low savings rates. Do you feel the recession? https://preview.redd.it/657ckzvaomnd1.png?width=862&format=png&auto=webp&s=02c85905bf3171b4d864d54936d5ef6a45437ad5 submitted by /u/XGramatik [link] [comments]

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TradingView Premium | Free Version for Windows

If you haven’t heard yet, there is a fully functional version of TradingView available with the Premium package — completely Free. TradingView Premium Free This version is compatible with Windows (7-11). Make sure to close any other instances of TradingView before launching, as it may cause conflicts. Grab it while it’s still up. submitted by /u/ApprehensiveLow1732 [link] [comments]

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Chris Weston, Pepperstone: China on the radar – what can turn this ship around?

All eyes have rightly been on the US data flow and obtaining clarity on the Fed’s 25bp v 50bp debate – but for those who have not watching, China should also be firmly front of mind – these charts should be on the radar. I am not into bear porn, or doomsday, just looking at trends that can shape our trading environment. Firstly, the monthly growth data dump comes out this week – the outcome of the data could matter more than usual. submitted by /u/XGramatik [link] [comments]

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McAfee has discovered a new Android malware called SpyAgent that steals private keys by using OCR to extract text from screenshots.

More specifically, the malware uses a mechanism known as optical character recognition (OCR) to scan images stored on a smartphone and extract words from them. McAfee Labs explained that the malware is distributed through malicious links sent through text messages. https://preview.redd.it/3dmy270b2gnd1.png?width=480&format=png&auto=webp&s=87e4e673932e7f53a7ab43ba51a9ecb0af2512c8 submitted by /u/Lor1al [link] [comments]

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