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"Huge Shock": China Launches Crackdown On Cross-Border Stock Selling To Block Capital Outflows
"Huge Shock": China Launches Crackdown On Cross-Border Stock Selling To Block Capital Outflows
China launched an unprecedented campaign against illegal cross-border trading to stem capital outflows, threatening severe penalties against brokers and ordering non-compliant accounts to be liquidated within two years, sparking a brutal selloff in three popular brokerages.
As Bloomberg reports, the pushback came after the onshore markets closed Friday when eight regulators issued a joint statement vowing a campaign against these trades, sending US-listed Chinese stocks tumbling.
The securities regulator said it planned to penalize brokerages Futu Holdings, Tiger Brokers...
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Apr 29, 2026 / Tyler Durden
O-I Glass Plunges As Gulf Energy Shock Hits Earnings Outlook
O-I Glass Plunges As Gulf Energy Shock Hits Earnings Outlook
Glass bottle and jar company O-I Glass plunged the most in premarket trading in more than six years after it slashed its full-year adjusted EPS outlook, blaming higher energy costs tied to the Gulf-related energy shock.
The major glass-container manufacturer, producing bottles and jars for the beer, wine, spirits, beverage, and food-packaging markets, now expects adjusted EPS of $1.00 to $1.50, down sharply from its prior forecast of $1.65 to $1.90 and well below the $1.67 Bloomberg Consensus estimate.
Slide 8 detailed...
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May 3, 2026 / Dave DeCamp
Report: US To Close Military Base Meant to Oversee Gaza Ceasefire Deal That Israel Has Constantly Violated
The Trump administration is set to shutter a US-led military base in southern Israel meant to oversee the Gaza ceasefire deal, which Israel has constantly violated, according to a report from Reuters. The Civil-Military Coordination Center (CMCC) was established after the Gaza ceasefire deal was signed in early October 2025, and 200 US troops were […]
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Jun 10, 2026 / Tyler Durden
California Gets 80% Of All Federal Cash For Illegal Immigrant Families: Report
California Gets 80% Of All Federal Cash For Illegal Immigrant Families: Report
Authored by Jill McLaughlin via The Epoch Times,
California is home to the lion’s share of illegal immigrant families in the United States with children who received federal welfare assistance in 2024, according to a federal report published on June 10.
More than 80 percent of all nationwide cash assistance allocated to such households was spent in California. The report tracked $759 million in Temporary Assistance for Needy Families (TANF) spent in 2024 on families headed by a parent living...
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