The Washington Post and its reporter Taylor Lorenz are claiming that a profile of the person allegedly behind the Libs of TikTok account did not contain any personal information, assertions disputed by the person behind the account. The original version of the piece, which is highly negative against the person, contained a name and an…
Washington Post Removes Link From Story on Libs of TikTok Accountholder
April 25, 2022
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Wall Street Opens Lower on Global Slowdown Fears
Wall Street’s main indexes opened lower on Monday as fears over China’s COVID-19 outbreaks spooked investors already concerned about aggressive U.S. interest rate hikes. The Dow Jones Industrial Average fell 79.75 points, or 0.24 percent, at the open to 33,731.65. The S&P 500 opened lower by 16.44 points, or 0.38 percent, at 4,255.34, while the…
Twitter Shares Rally as Reports Say Elon Musk’s Takeover Deal Close
Twitter shares surged as news emerged that Elon Musk’s takeover bid could be accepted by Twitter’s board as early as Monday. Reuters reported that Twitter’s board of directors is close to reaching a deal with the world’s richest man to sell the social media network for roughly $43 billion in cash. According to anonymous sources,…
US Dollar Perched at 2-year Highs as Risk Appetite Crumbles; Yuan Drops
LONDON—The U.S. dollar marched to a two-year high on Monday as a wave of risk aversion swept global markets, while the Chinese yuan was set for its biggest three-day losing streak in nearly four years on growing worries of an economic slowdown in China. With war in Ukraine entering the third month and growing concerns…
Oil Slides as Shanghai Lockdowns Stoke Demand Fears
LONDON—Oil slumped nearly 5 percent to its lowest in almost two weeks on Monday, extending last week’s decline as concern grew that prolonged COVID-19 lockdowns in Shanghai and potential increases to U.S. interest rates would hurt global growth and oil demand. “It seems that China is the elephant in the room,” said Jeffrey Halley, analyst…
Stocks, Oil Tumble Amid Interest Rate, Earnings Worries
LONDON—European stocks declined Monday, tracking losses in Asia as worries over interest rate hikes dominated an array of investor concerns. Asian markets suffered their worst session in over a month as worries that Beijing could soon be back in lockdown sent Chinese shares back to 2020 lows, and as the effects of Wall Street’s 2.5…
Financial Markets Brace for Stagflation as Global Growth Optimism Sinks
Waning optimism over global economic growth prospects and rising stagflation fears have prompted investors to seek shelter in investment hedges. Earlier this month, the Bank of America’s (BofA) monthly survey of fund managers found that optimism about the international economy has slumped to an all-time low. Of the respondents, 71 percent were pessimistic about global…
Airlines Offering Refunds to Passengers Concerned About Flying With Unmasked Travellers
April 25, 2022
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Airline passengers who are concerned about flying alongside unmasked people will now be offered refunds, among other things, after a federal judge last week struck down the Centers for Disease Control and Prevention’s (CDC’s) mask mandate on public transport. United Airlines CEO Scott Kirby told the “TODAY” show on April 21 that the airline will be flexible with customers…
Why Is Tennessee Looking for a Crypto Custody Service Provider?
The Tennessee Department of Treasury is seeking vendors who can manage cryptocurrency on their behalf. In a request for proposals (RFP) letter, the department said that Tennessee doesn’t possess cryptocurrencies at present, but is working to safely hold digital assets in the near future. The department will first ensure the crypto custody service provider can provide services…
This Crypto Analyst Warns Stock Market May Trigger Crypto Market Crash
Former Goldman Sachs Group Inc hedge fund manager Raoul Pal says the Nasdaq index appears to be on the verge of potentially making lower lows. He says if this continues, then the downside in the stock market may threaten crypto prices in the coming months. The failure of equities to hold has exposed risk of severe downside if…
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