Breaking News
Nov 28, 2022
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Crude oil prices closed at an 11-month low $77.24 a barrel, after falling as low as $73.61, the lowest price since last December.
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Dozens of protests erupted in cities including Shanghai and Beijing and on university campuses against lockdowns and zero-Covid policy in China.
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50 of the top 100 advertisers have stopped advertising on Twitter, spending $2 billion since 2020 and $750 million in 2022, Media Matters for America reported.
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Record 166 million shoppers are expected to shop from Thanksgiving Day through Cyber Monday, 8 million more than a year ago and record since 2017, said the NRF.
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iPhone shipments fell 17% to 8.4 million in October from Henan province, China's customs data showed. Foxconn's complex is based in its capital city Zhengzhou.
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Crude oil prices are set to rise as the EU embargo of Russian oil shipped by sea tankers is set to take effect on December 5.
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Protest riots broke out in Urumqi, the capital of the western province Xinjiang in China after a fire in a residential complex killed 10 people on Thursday.
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The U.S. non-farm payrolls are expected to increase at least 200,000 in October, the JOLT report on Nov 30 is expected to show.
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The PCE Price Index is estimated to rise 6.3% in October, the U.S. Bureau of Economic Analysis report is estimated to show on December 1.
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Tesla recalled 80,000 cars in China to fix seat-belt and software issues, expanding it string of recent recalls in the U.S.
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