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Please note that we are not authorised to provide any investment advice. The content on this page is for information purposes only. Disney (DIS) stock fell 3% yesterday and is now down 4% for the year, underperforming the markets by a wide margin. The stock has lost almost 19% from its 52-week highs and is… Continue reading Disney Stock Price Falls 3% – Time to Buy DIS Stock?
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Please note that we are not authorised to provide any investment advice. The content on this page is for information purposes only. Yuan Pay Group is an AI-driven software for crypto trading. This software makes money by placing bets on the crypto volatility resulting from the digital e-yuan news. China is reportedly in the late… Continue reading Yuan Pay Group Review: Is it Safe and Profitable?
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Russia’s GDP failed to improve as lower oil prices and Western sanctions hamper growth. Oil prices increased in the past year, but not enough for Russia to secure economic prosperity. The Moscow Times notes that the ruble strengthened to over 60% compared to the dollar, but has failed to enhance the economy thus far.
The Chinese government has put a heavy focus on innovation as a means of driving its economy and improving its recent, flagging performance. Local governments have heard the call and have rushed to erect new infrastructure and buildings designed to support this movement.
Unfortunately, there appears to be a big problem with this plan as an economic driver: businesses are not on board and nobody is making use of these newly built spaces and services.
Federal Reserve chiefs are reversing course on America’s economy as the country’s trade deficit widens with foreign nations. In May, the trade balance deficit rose 9.9% to $41.1 billion, far above expectations as exports fell and imports rose. Total imports were up 1.6% from the prior month, indicating America’s continued dependence on foreign production to meet domestic demand.
Prime Minister Narendra Modi will begin a four-day tour throughout Africa, with his first stop in Mozambique, according to The Tribune. The prime minister has agreed to a Memorandum of Understanding with the southern African country to double the amount of legume imports by 2021. Mozambique’s economy has struggled due to such factors as corruption and decreased donor aid from the international community.
Lower factory orders and a lower growth expectation show cracks in America’s already slow recovery. Factory orders for manufactured goods fell 1% in May, according to a new report by the Census Bureau. That is a sharp reversal of April’s 1.8% growth for new orders of manufactured goods. Meanwhile, shipments were almost flat, down from the 0.4% increase in April.
