NEWS

While there is concern about the short-term impact of China's shift away from zero-Covid, traders are optimistic that the economy will enjoy a healthy recovery

Stocks mostly drop as traders track China, US rates

Major stock markets mostly dropped Tuesday as warnings that US interest rates would continue to rise and remain elevated for some time offset growing optimism over China's economic reopening after Covid lockdowns.

Prince Harry's memoir hits shelves after days of controversy

Britain's Prince Harry's autobiography 'Spare' displayed at Waterstones bookstore, in London
After days of TV interviews, leaks, and a mistaken early release, Prince Harry's memoir officially went on sale on Tuesday and eager readers headed to bookshops to get their copy with its intimate revelations about the British royal family.
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A box of the drug Victoza, made by Novo Nordisk Pharmaceutical, sits on a counter at a pharmacy in Provo

U.S. experts recommend weight-loss drugs for obese children

The American Academy of Pediatrics (AAP) on Monday recommended use of weight-loss drugs in children ages 12 years or older for treatment of obesity, which impacts about 14.4 million kids and adolescents in the United States and can lead to serious health complications.
Illustration shows U.S. Dollar banknotes

Dollar hovers near seven-month lows after jobs data

The U.S. dollar on Monday neared its lowest point in seven months against other major currencies after data suggested the Federal Reserve could slow the pace of its rate hikes, while China reopening its borders boosted riskier currencies.
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