Ex-Goldman Banker Ng is in Malaysia for the 1MDB investigation. Bernama Declares

After his 10-year prison sentence in the US was postponed, former Goldman Sachs banker Roger Ng landed in Malaysia to help with the country’s 1MDB investigation, according to a Bernama report. Ng arrived in Malaysia about midnight, according to Malaysia’s Inspector General of Police Razarudin Husain, who did not reveal his whereabouts because of security … Read more

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The CEO of Redfin gives a grave warning regarding the ‘rock bottom’ real estate market in the US: The ‘American dream’ is in jeopardy.

It is quite improbable that interest rates would decrease by the end of this year, so you’ll have to ask the Fed when the market is going to improve. So, the only real question is whether we’ll get lucky before the 2024 housing market peak. But I believe that most individuals have already given up … Read more

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Israel’s war puts Biden’s case for foreign policy in 2024 to the test

Normal presidential campaigns don’t turn on crises in far-off countries, but the turmoil that erupted in Israel poses a threat to Joe Biden’s claim that his knowledge of international affairs is enhancing global security. According to experts, the strikes carried out by Hamas fighters reveal weaknesses in Israeli intelligence while also raising new concerns about … Read more

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Avalanche on Shishapangma in Tibet kills US and Nepalese climbers.

According to China’s state-run Xinhua news agency, an avalanche struck the Tibetan mountain of Shishapangma on Saturday, killing one American and a Nepalese climber and leaving two others missing. The 14th tallest peak in the world is Shishapangma, which is little over 8,000 metres (26,246 feet) above sea level. In the group of mountains known … Read more

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The Made in USA revival ignites a building boom and a 506% increase in value.

The first fifteen years of my career were more about consolidation. Moving manufacturing to Mexico or Asia or to Eastern Europe,” Cutillo said in an interview. “It is truly the first time in my life I’ve seen stuff coming back.” American firms’ mentions of nearshoring, reshoring and onshoring — synonyms for moving manufacturing back or … Read more

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Rates’ fading optimism portends trouble for the $425 billion debt wall.

The possibility that the central bank won’t switch to lowering rates next year is increased by the robustness of the US labour market. That has a significant negative impact on corporate America, which has increased its debt levels despite rising yields over the past year. Amounts of dollar-denominated junk debt issued by businesses that are … Read more

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US Core Inflation Supports Higher-for-Longer Fed, according to analysts

A 0.3% increase is anticipated for a second month in the consumer price index that excludes food and fuel, which economists believe to be a stronger reflection of underlying pricing pressures. The core CPI is expected to decline on an annual basis, but this is only due to base effects as the index surged significantly … Read more

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The Israeli Army claims that the situation is not yet under control.

Prime Minister Benjamin Netanyahu said that Israel is “at war” after militants from the Gaza Strip launched over 3,000 missiles and invaded southern regions of the nation early on Saturday. At least 200 Israelis were killed in the unexpected attack, which was still ongoing as of early Sunday. Meanwhile, at least 230 Palestinians lost their … Read more

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