Anna's Daybreak News

Good morning news aficionados! Dive into a dynamic world of news where we decode, dissect, and deliver the hottest headlines, trends, and stories that matter most. Let's embark on a journey of informed exploration together! 📰🌟

• Overseas investors have sent China's blue-chip stocks on a record-breaking selling streak


• Kweichow Moutai Co. has seen the biggest outflow of foreign investors, with $851 million in sales


• Major names like LONGi Green Energy Technology Co. and China Merchants Bank Co. have also been feeling the heat


• China's industry leaders are falling out of favor as market rout deepens.


• It's lights out for these companies, as global investors opt for a retreat from the Far East
Source: Read More

• The US government is set to issue a preliminary benchmark employment revision, likely resulting in a lower payroll growth rate for the past year.


• An estimate from JPMorgan Chase & Co. is forecasting that around 500,000 jobs will be cut from the data, amounting to about 40,000 fewer jobs per month.


• Despite the fact that payroll growth appears to be moderating, economists still view the current labor market conditions as healthy.


• It looks like the US government is about to get a tad smaller.
Source: Read More

• BRICS summit being held in Johannesburg from Aug 22-24


• Dozens of countries interested in joining the bloc - S.African officials


• Putin will participate in the summit through video link after the arrest warrant complicated his travel to South Africa.


• China and Russia pushing for a stronger BRICS to counterbalance the West


• India and China have clashed along their disputed border, adding to the challenge of decision-making within the group


• The mission of the BRICS was to stop cold the US supremacy but they can't even get the whole gang together. Let alone agree in one thing.
Source: Read More

• Nike Inc. has suffered a record-breaking nine-day losing streak, eroding $13 billion in market value.


• The decline is prompted by gloomy China sales, inventory issues, and a sobering outlook from Dick’s Sporting Goods Inc.


• Retailers struggle with inventory issues due to theft, while Nike’s Customer Experience Transformation is still in progress.


• Looks like Nike's sky-high strategy for success has come tumbling down...Just did it.
Source : Read More

Baked with love,

Anna Eisenberg ❤️