On Monday, Asian shares took an upward leap, with Chinese stocks soaring over 1% after the finance minister hinted at more economic support. While U.S. futures remained steady and oil prices dipped, investors worldwide held their breath for more details on China's new stimulus plan. Experts believe
China's Ministry of Finance recently held a press briefing, highlighting its focus on resolving local government debt issues rather than providing the economic stimulus markets were hoping for. Finance Minister Lan Fo'an outlined four key measures to support local governments in managing debt risks.
Have you been enjoying the clear skies lately? Well, there's another fantastic celestial event waiting for you! A huge comet is making a rare appearance in the Triad sky. This comet, known as C/2023 A3 Tsuchinshan-Atlas, has a massive head, about two miles wide, and a tail that could stretch over 18
In San Diego, a rare comet called Comet Tsuchinshan-ATLAS made an appearance in the night sky on Saturday. This isn't just any comet; it's a once-in-a-lifetime event, as it orbits the sun only once every 80,000 years. NASA says it will be visible to the naked eye for several weeks in October, with t
The Cincinnati Bengals are having a tough season, with a 1-4 record despite some impressive games. They lost to the Baltimore Ravens last week in overtime, which was their third overtime loss this season. Many people think they've been unlucky, but their coaching staff has also made some questionabl
Imagine this: a scientist wins a big prize for something incredible they did. But right after, they say, "Hey, be careful! This thing we made could cause trouble." That's what happened with Geoffrey Hinton, a famous computer scientist who just won the Nobel Prize for his work on machine learning, al
Boeing made a big move recently, letting go of around 10% of its workers. That's about 17,000 people finding themselves without a job. The company pointed the finger at its machinists, who are currently on strike. CEO Kelly Ortberg explained in a memo that these cuts are necessary to keep the compan
On a quiet Saturday morning, China's Ministry of Finance met with the press to chat about local debt issues and the health of the property market. They let everyone know that the central government might step in to help, even if it means bumping up the deficit. But, they didn't share any numbers abo
Lately, China's economy hasn't been having the smoothest ride. After the government released a stimulus package, the Shanghai and Hong Kong stock markets took a dive. Why? Because investors felt the measures didn't hit the mark. All this is happening while youth unemployment is high, prices are risi
China's Finance Minister Lan Fo'an hinted at increasing the deficit during a recent press briefing, suggesting greater fiscal flexibility. He stressed that the opportunity to do so is "quite substantial," but further discussions are ongoing. Economists have been calling for more financial backing fr
