What is a bear market? And is Wall Street close to one now?

NEW YORK (AP) — The bear came close to Wall Street but then backed off. The stock market’s slump this year briefly pulled the S&P 500 into what’s known as a bear market Friday, before a late rally put the index in the green. The prevailing sentiment among investors remains negative, however, so the relief … Read more

Adam Silver NBA lost ‘hundreds of millions’ due to China fallout

The NBA lost hundreds of millions of dollars in revenue following a 2019 fallout with China, league Commissioner Adam Silver said this week. The conflict arose when then-Houston Rockets general manager Daryl Morey expressed support for anti-government Hong Kong protestors. Morey, now general manager of the Philadelphia 76ers, tweeted in October 2019 an image reading, … Read more

China Isn’t the Biggest Movie Market Anymore. Blame Pandemic Lockdowns.

Text size China has lost its top spot as the world’s largest moviegoing market. Here: people watch a movie in 2020 in China when cinemas reopened. STR/AFP via Getty Images After two years as the world’s largest moviegoing market, China has lost its top spot to North America, thanks to Covid restrictions in Shanghai, Beijing, … Read more

China Isn’t the Biggest Movie Market Anymore. Blame Pandemic Lockdowns.

Text size China has lost its top spot as the world’s largest moviegoing market. Here: people watch a movie in 2020 in China when cinemas reopened. STR/AFP via Getty Images After two years as the world’s largest moviegoing market, China has lost its top spot to North America, thanks to Covid restrictions in Shanghai, Beijing, … Read more

Wray: FBI blocked planned cyberattack on children’s hospital

WASHINGTON (AP) — The FBI thwarted a planned cyberattack on a children’s hospital in Boston that was to have been carried out by hackers sponsored by the Iranian government, FBI Director Christopher Wray Wednesday said. Wray told a Boston College cybersecurity conference that his agents learned of the planned digital attack from an unspecified intelligence … Read more

The Turkish gambit and the future of NATO – POLITICO

Ville Korpela is executive director at the Impact Innovation Institute. Diana Mjeshtri is a policy analyst at Impact Innovation Institute. Both are members of the Councilors Program at the Atlantic Council. We currently live in a fundamentally different and much more dangerous world than we did prior to February 24. Ever since the beginning of … Read more

Stock Market Today: Dow Drops, Oil Prices Rise, Alibaba Jumps

Text size Wall Street returns from the Memorial Day holiday. Angela Weiss/AFP via Getty Images Stocks were falling on Tuesday, as oil prices gained after Europe placed more restrictions on Russian oil. Dow Jones Industrial Average futures have retreated 218 points, or 0.7%, while S&P500 futures have declined 0.7%. Nasdaq Composite futures were down 0.4%. … Read more

UK launches post-Brexit visa route for graduates – POLITICO

LONDON — Graduates from the world’s top 50 non-UK universities will be able to apply for a dedicated visa to work in Britain, the Home Office announced Monday. The department launched a new visa route targeted at “high potential individuals” with a bachelor’s or master’s degree, who would be eligible for a two-year work visa … Read more

China’s anti-virus spending boosts medical, tech and construction sectors

BEIJING- China’s “COVID zero” policy of constantly monitoring, testing and isolating its citizens to prevent the spread of the coronavirus has battered much of the country’s economy, but it has created bubbles of growth in the medical, technology and construction sectors. The Chinese government, alone among major countries in vowing to eradicate the coronavirus within … Read more