Breaking News
Nov 27, 2022
  • Dozens of protests erupted in cities including Shanghai and Beijing and on university campuses against lockdowns and zero-Covid policy in China.
    • 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.
      • 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.
      • Nov 26, 2022
        • 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.
          • 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.
            • 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.
              • 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.
                • 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.
                • Nov 25, 2022
                  • Tesla recalled 80,000 cars in China to fix seat-belt and software issues, expanding it string of recent recalls in the U.S.
                    • China expanded strict lockdowns in more areas, covering regions contributing to 20% of economic activities from less than 10%.