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    Hong Kong (CNN Business)One of China's top investment bankers says the country's stock markets appear to be nearing "the bottom." Chinese markets have been battered in recent months by the impact of Beijing's "zero Covid" policy, a real estate slump, aggressive regulation and jitters about the country's close ties with Russia. So far this year, the benchmark Shanghai Composite (SHCOMP) index has fallen 15%, while the Shenzhen Composite is down nearly 24%. On Monday, Chinese stock markets opened higher but struggled to sustain those gains after authorities reported grim economic data for the month of April. "I do believe the market is close to forming the bottom now," Fan Bao, CEO of China Renaissance, an investment bank and private equity firm, said in an interview with CNN Business in Hong Kong on Friday, referring to Chinese stocks. "I must say, [overall investor] sentiment is pretty bad." How Chinas lockdowns are taking a toll on global companiesBao said he believed China wasn't facing a crisis, but rather that the debate had become "too negative" lately as global asset managers raise concerns...
    Stocks plunged on Monday on worries that China's economy is faltering and the rise of interest rates to curb inflation. The S&P 500 hit its lowest point in a year and notched its fifth weekly loss in a row. Everything from bitcoin to crude oil took a beating in U.S., European and Asian markets.   Stocks deepened their losses on Wall Street Monday, sending the S&P 500 to its lowest close in more than a year.  The S&P 500 gave up 3.2 percent and the Nasdaq pulled back 4.3 percent. The Dow Jones Industrial Average fell 2 percent. The yield on the 10-year Treasury note fell to 3.03 percent. The S&P 500 hit its lowest point in a year and notched its fifth weekly loss in a row The Dow Jones Industrial Average fell 2 percent. The yield on the 10-year Treasury note fell to 3.03 percent The fear is that China´s strict anti-COVID policies will add more disruptions to worldwide trade and supply chains The Dow Jones Industrial Average dropped 374 points, or 1.1 percent, at 32,520, as of 3:16...
    In 1921, oil was discovered in Long Beach, California, and the city became one of the nation’s biggest boomtowns — drilling 1,450 wells. The port city once produced one-fifth of the nation’s oil supply, more than 60 million barrels per year. That has been scaled back to about 8 million barrels per year, and city officials hope it will dwindle to zero by 2035. SHIP ANCHOR COULD BE CAUSE OF MASSIVE ORANGE COUNTY OIL SPILL Now, a proposal to spend $1.2 billion to seal up operational oil wells has been discussed by the city’s environmental committee. Officials have said they are dedicated to green energy and want to follow Democratic Gov. Gavin Newsom’s lead, even if the process takes 15 years and costs taxpayers money. Newsom has directed the state’s Department of Conservation to phase out oil drilling by 2045. He has also proposed banning any new wells near homes, hospitals, schools, and other sensitive areas. “We are committed to protecting public health, the economy and our environment as we transition to a greener future that reckons with the...
    Getty Mike Brown speaks to reporters during the 2017 NBA Finals. The Golden State Warriors could lose their top assistant coach to a divisional rival next season. Warriors assistant Mike Brown has reportedly emerged as a finalist for the Sacramento Kings’ head coaching job, joining Brooklyn Nets consultant Steve Clifford. ESPN’s Adrian Wojnarowski tweeted that the two are finalists for the job. Another Warriors coach turned NBA analyst, Mark Jackson, is also seen as a top candidate for the position, Shams Charania of The Athletic reported. Golden State assistant Mike Brown and Brooklyn consultant Steve Clifford are among finalists for Sacramento Kings’ head coaching job, sources tell ESPN. — Adrian Wojnarowski (@wojespn) April 30, 2022 The latest Warriors news straight to your inbox! Join the Heavy on Warriors newsletter here! Join Heavy on Warriors! Brown Could Finally Leave Warriors Brown has long been seen as a top candidate to return to the head coaching ranks. The former NBA Coach of the Year with the Cleveland Cavaliers joined the Warriors before the 2016-17 season and played a key...
    Adele is reportedly close to finalising a new deal to bring her Las Vegas residency to Zappos Theater in Planet Hollywood after vowing that her postponed shows would happen this year.  The British star, 33, dismayed fans in January after postponing a lucrative set of Caesar's Palace shows just 24-hours before her first performance at the venue, with many out of pocket after spending thousands on tickets and plane fares to see her onstage.  But according to TMZ, Adele and her team are in 'serious talks' with the folks over at Planet Hollywood to bring her shows there, with performances set to kick off within months barring any unforeseen circumstances.   Exciting: Adele is reportedly close to finalising a new deal to bring her Las Vegas residency to Zappos Theater after vowing that her postponed shows would happen this year The publication adds that the move will come with 'major perks' for the Easy On Me hitmaker, including her having 'full creative control over the show'. RELATED ARTICLES Previous 1 Next EXCLUSIVE: 'I nicked it!' Rod...
    FOOTAGE has captured the terrifying sighting of a huge great white shark as it swam under a group of paddleboarders.   A video posted on Reddit showed just how close the beast was to the shoreline as onlookers looked on in shock.      2Footage shows the moment the shark swam below shocked paddleboardersCredit: Reddit 2Users in the comments believed it was likely to be a great white sharkCredit: Reddit The sinister outline of the shark could be seen as it stalked the flimsy boards in scenes reminiscent of Jaws. But luckily for those nearby, it decided to swim on as the short clip came to an end. The user responsible for the post, claimed that it was simply a "normal" occurrence for regular paddleboarders in certain parts of world. It came as other users in the comments noted just how calm the onlookers behaved as the huge beast passed by. Read more on sharksIN THE DEEP I'm a diver who swims with 20ft sharks - there’s a common myth that's not trueBEAST BELOW Family terrorised by 14ft great white shark...
    On Tuesday’s broadcast of CNN’s “Don Lemon Tonight,” economist, Harvard Professor, Director of the National Economic Council under President Barack Obama, and Treasury Secretary under President Bill Clinton Larry Summers said that inflation will not “get that close to the 2% that is the Fed’s central objective.” And that while it’s not for certain, “probably early next year, the most likely thing is that you’ll see the economy will be very substantially slow and perhaps you’ll see a period of negative growth.” Summers stated, “I think what you’re most likely to see is interest rates rise to some point above 3%. I certainly think you’ll see inflation come down from 8%, but I don’t think it’s going to get that close to the 2% that is the Fed’s central objective. And I think some time, probably early next year, the most likely thing is that you’ll see the economy will be very substantially slow and perhaps you’ll see a period of negative growth. Which is, of course, the definition of a recession. I think that’s the most likely thing from...
    Marymount California University, a small Catholic school in Rancho Palos Verdes, will close its doors this summer after more than 50 years in operation, officials announced on Friday. The decision to close stems in large part to financial struggles driven by falling enrollment, increasing operating costs and the COVID-19 pandemic, the university said in a statement. “This is an extremely sad day for Marymount and for the legacy and traditions lost, both for our campus community and the local Palos Verdes area we have called home for more than 50 years,” Brian Marcotte, the university’s president, said in the Friday statement. “This decision was not made lightly.” The announcement comes about six months after the 54-year-old institution agreed to merge with Saint Leo University in Florida in a move that was billed as an opportunity to expand both schools’ offerings. But the merger was scuttled in recent months after the regulatory approval process hit a snag. The final slate of courses will end this summer, and the school will permanently close on Aug. 31, officials said. The school said...
    Four cameras staked out a spot in front of Kris Bryant’s locker in the Colorado Rockies clubhouse, a sight that was hard for him to miss as he approached after pregame batting practice. The Chicago Cubs’ four-game series against the Rockies isn’t Bryant’s first time facing his former team with which he earned every notable personal and team accolade a big-leaguer can achieve. No, that came in early August after Bryant was sent to the San Francisco Giants as part of one-third of the Cubs’ opening-day roster being traded at the deadline. “I enjoyed my time in Chicago, but I don’t know if it warrants a press conference every time I play them,” a smiling Bryant said before Thursday’s series opener at Coors Field. As Bryant embarks on the next chapter of his career in Colorado, he isn’t forgetting his past. “I don’t know if that chapter will ever close until I’m done playing baseball because I rely on a lot of what I went through there to make me who I am now and help me in the future...
    by T.A. DeFeo   Georgia lawmakers capped off the 2022 legislative session by approving the state’s fiscal 2023 budget. The state Senate voted 53-0 in favor of House Bill 911, while the state House voted 160-5. The $30.2 billion budget, which starts July 1, represents a 10.8 percent increase over last year’s budget and includes a $5,000 pay increase for state employees. Coupled with more than $17.6 billion in federal money, the state’s budget exceeds $57.9 billion. “While not perfect, it restores major cuts to agencies and services, provides raises for teachers and state employees, and fully funds the QBE formula for education,” Senate Democrats said in a tweet. In a recap of the legislative session, the Georgia Budget and Policy Institute (GBPI) said that while the “budget restores much funding to pre-pandemic level,” it “does not address the rising costs of goods and services.” “Although the year-over-year funding increases in the FY 2023 budget mark a positive step forward, much remains to be done to address the consequences of persistently underfunding core areas of the government such as Georgia’s public education system,...
    The St. Louis Cardinals are moving fast, getting extensions done before Opening Day. First, it was Harrison Bader. Now, it’s Giovanny Gallegos’ turn. St. Louis avoided arbitration with Harrison Bader by signing him to a two-year contract worth $10.4 million. Considering the sizable gap between Bader and the organization during arbitration talks, the Cardinals wanted to avoid the awkwardness and eventual drama that comes from such heated salary negotiations. Instead, they sat down across a table and found a number that works. The old-fashioned way, some might say. Next up for St. Louis is Giovanny Gallegos, who is the lead candidate for long-term closer, despite manager Oliver Marmol saying the team would start the season with a closer by committee approach. Cardinals rumors: St. Louis to extend Giovanny GallegosThe Cardinals strategy here, it would appear, is to avoid arbitration with their young stars entirely. Rather than settle in front of a judge, St. Louis will offer multi-year agreements through the player’s arbitration years, extending long-term stability for a slightly lower salary than they may earn in front of an arbitrator. Bader...
    (CBS DETROIT) – The Southbound M-3 (Gratiot Avenue) ramp to westbound I-94 will be closing on April 5 in Macomb County, according to the Michigan Department of Transportation. Starting at 7 a.m. on Tuesday, April 5, the southbound M-3 (Gratiot Avenue) entrance ramp to westbound I-94 will be closed until Saturday, April 9, for drainage work in the median and left lanes. READ MORE: Police: Gun Recovered At Chippewa Valley High School In Clinton TownshipOfficials say traffic will be detoured to the Little Mack Avenue entrance ramp to I-94, and the northbound M-3 (Gratiot Avenue) ramp to westbound I-94 will remain open. All work is weather permitting. READ MORE: MDOT: Here's A List Of Construction In Metro Detroit This WeekendThe work being done during this closure is part of the second year of the two-year M-3 (Gratiot Avenue) project. This year work started in February to rebuild 1.7 miles of M-3 (Gratiot Avenue) between Common and 14 Mile roads in the city of Roseville. For more information on the project, visit here. MORE NEWS: Senators Push To Extend Pandemic School...
    New York (CNN Business)The stock market surged in March, but investors are still reeling after a tough start to 2022.The Dow and S&P 500 are both down nearly 4% through the first quarter, while the Nasdaq plummeted more than 8%. It's the worst quarterly performance for the markets since stocks tanked in the first quarter of 2020 when the Covid-19 pandemic first hit US shores.Concerns about Russia's invasion of Ukraine, surging oil prices, widespread inflationary pressures, Federal Reserve interest rate hikes and lingering worries about the ongoing pandemic have all combined to keep a lid on stocks.Investors now seem particularly nervous about the housing market and consumer spending. Home Depot (HD) and Nike (NKE) are the worst performers in the Dow so far this year. Walgreens (WBA), Disney (DIS) and McDonald's (MCD) are laggards as well. There is also a sense that the tech sector, after surging for the past few years, might finally be cooling off. Salesforce (CRM) and Cisco (CSCO) helped drag down the Dow. Microsoft (MSFT) also underperformed. Read MoreInvestors are shunning riskier stocks. Blank check SPAC...
    ONE young mom has shocked the internet with her uncanny resemblance to her 20-year-old daughter. 27-year-old Savana Chapin has gained a following of over 300 thousand followers on TikTok for sharing videos of her blended family. 3Young mom Savana Chapin has gained a following on TikTok thanks to her videos with look-alike daughter TizzianaCredit: TikTok/@sav_chapin 3The two share often call each other their "best friend" and constantly make videos of them dancingCredit: TikTok/@sav_chapin The mom of five is especially close with her oldest, 20-year-old Tizziana Chapin, who looks just like her. Interestingly enough, the two aren't actually related by blood; Savana became Tizziana's stepmom when she married her dad, Chris Chapin. Savana and Chris have a 16-year age gap, which is why Savana and Tizziana are so close in age. At first, Savana said in a Youtube video that it was a little tough for Tizziana to come to terms with her dad dating someone so close in age to her, but eventually, she warmed up. "Now we're best friends and she's my little...
    KANSAS CITY, Mo. (AP) — Kansas State has settled on Baylor assistant Jerome Tang to be its next head coach, a person familiar with the negotiations told The Associated Press on Monday, and a deal is expected to be finished soon to replace the departed Bruce Weber. The person spoke on condition of anonymity because the contract won’t be official until it is signed. Kansas State athletic director Gene Taylor flew to Texas to meet with Tang on Sunday, one day after the top-seeded Bears were bounced from the NCAA Tournament by North Carolina in overtime. The two planned to meet again Monday with the expectation that one of the nation’s most sought-after assistant coaches, who helped the Bears win last year’s national championship, was headed to Manhattan. “Coach Tang and I have been together for 19 years, and he’s had opportunities before,” Baylor coach Scott Drew said over the weekend, “but obviously each year those opportunities grow, and deservedly so. He’s done a remarkable job.” Tang was part of Drew’s initial staff at Baylor in 2003, when the program...
    BOSTON (CBS) — The Patriots have been fairly quiet in free agency thus far, instead focusing more on re-signing their own free agents. That trend appears to be continuing at a rather important position. According to Mike Reiss and Field Yates, the Patriots are close to a deal that will keep linebacker Ja’Whaun Bentley in New England. The Patriots are closing in on an agreement to bring back LB JaWhaun Bentley, sources tell me and @FieldYates. Bentley led the team with 108 tackles last season. — Mike Reiss (@MikeReiss) March 18, 2022 The 25-year-old Bentley was a fifth-round pick of the Patriots in 2018. He started 16 games last season, recording a team-high 109 tackles (68 solo) with a sack, two pass defenses, three forced fumbles, five tackles for a loss and five QB hits. That came a year after he recorded 91 total tackles and 1.5 sacks in 13 games in 2020. When Bentley does re-sign with the Patriots, he’ll join Devin McCourty, Brian Hoyer, James White, Matthew Slater, Nick Folk and James Ferentz as free agents...
    WALTHAM (CBS) — Outdoor dining will be back on Waltham’s Moody Street this year. The city’s Traffic Commission voted Thursday to close parts of the popular stretch to traffic from May 1 through October 31, which was the same timeframe used last year, so restaurants can expand patio seating into the roadway. READ MORE: Woman Smoking While On Home Oxygen Killed In Haverhill FireMoody Street will be closed from Pine/Crescent Street south to Cushing Street, opened from Cushing Street south to Chestnut Street, and closed from Chestnut Street south to High/Maple streets. READ MORE: Biden COVID Coordinators Leaving In April, Dr. Ashish Jha To Take OverMoody Street was one of the first places to shut down in 2020 in order to allow restaurants to setup outdoor dining tables right on the street. MORE NEWS: Iconic Newport Cliff Walk To Remain Closed 'Well Past' Busy Summer Season After CollapseOutdoor dining is coming back to Boston on April 1 – except for the North End.
    Sign up to get Artscape in your inbox every Friday afternoon. It’s a strange time for the performing arts.  We are now seeing shows that were planned for two months ago and were canceled … and also two years ago. We are also mourning for those we’ve lost during this COVID-19 pandemic, especially those lost when it wasn’t possible to gather. As an undercurrent, wars, politics, a climate disaster all hover at the horizon, with artists ready to speak to life’s most challenging issues. Article continues after advertisement This week marks the end of one program that had a toll taken out of it from COVID – Cellular Cinema. It’s a bummer the series isn’t continuing, but they’re having one last screening as a final send-off. Meanwhile, check out these shows — some rescheduled after previously having been canceled, others taking on the issues of our time, and some, like Kiss the Tiger’s new song cycle, “Stone Baby,” that relishes in the cathartic power of rock and roll. SuppliedGodspeed You! Black Emperor Godspeed You! Black Emperor  The enveloping sound of...
    TRISTAN Thompson shared a cryptic post about feeling "guilty" while his ex Khloe Kardashian "gets close" to Trey Songz. Khloe, who previously dated Trey, reconnected with the singer to support him during his legal troubles. 5Tristan Thompson shared a cryptic post about feeling 'guilty' while his ex Khloe Kardashian 'gets close' with Trey SongzCredit: Getty Images - Getty 5Tristan cheated on Khloe with fitness trainer Maralee Nichols who he fathered a child with last yearCredit: Instagram 5Khloe turned to her ex Trey for someone to lean on while also supporting the singer during his rape allegationsCredit: Getty A message Tristan posted to his Instagram Stories may reflect his feelings towards their reunion, months after his split from the reality star. The post read: "Let the past guide you rather, than making you feel guilty. "Let the future excite you, rather than making you feel anxious. "Let the present be a gift to you to feel alive, rather than a curse that makes you live in the past or future." Read More on Tristan Thompson 'SO...
    I feel like the prehistoric sun-worshippers would be with me on this one.Andrew Matthews/PA Wire/Zuma Fight disinformation. Get a daily recap of the facts that matter. Sign up for the free Mother Jones newsletter.There’s one thing we should all agree on: Early sunsets in the winter are terrible. The sun simply should not set at 4:30 p.m., before the average 9-to-5 worker leaves the office. No sunsets before 5:00 p.m., period. For the love of God, end our winter misery and give us those glorious afternoon sun rays. Literally everyone in the Senate agrees with me. This afternoon, the upper chamber of our esteemed government passed, by unanimous consent, a measure to make Daylight Saving Time permanent year round. The Sunshine Protection Act promises that you’ll never have to adjust your clock again. It will also mean more afternoon light in the winter—plus fewer transition-related heart attacks and strokes. Daylight Saving Time was first proposed by Benjamin Franklin as a way to conserve candles in the summer. (I’m partial to old Ben—he became my hometown’s namesake when he refused to buy the townspeople the...