10/21 Financial News: Youwin Education folded CCP’s semiconductor industry full of loss-making projects

Image source: http://news.zfhuaian.com/20200807/3977084.shtml
  1. The Dow Jones Industrial Average was up 113.37 points, or 0.40%, at 28,308.79 and the S&P 500 was up 16.20 points, or 0.47%, at 3,443.12. The Nasdaq Composite rose 37.51 points, or 0.33%, to 11,516.49.

https://www.gurufocus.com/news/1262370/us-indexes-end-higher-tuesday

2.The U.S. sued Google on Tuesday, accusing the $1 trillion company of illegally using its market muscle to hobble rivals in the biggest challenge to the power and influence of Big Tech in decades.

https://www.voanews.com/silicon-valley-technology/us-justice-department-11-states-sue-google

3.Hong Kong jobless rate climbs to 6.4 per cent, highest in nearly 16 years. Companies relying on tourism suffer as CCP virus shuts borders, with unemployment for sector at 11.7 per cent.

https://www.scmp.com/news/hong-kong/hong-kong-economy/article/3106336/coronavirus-hong-kong-jobless-rate-climbs-64-cent

4.Cathay Pacific to eliminate 8,500 job posts in HK$2.2 billion restructuring, 5,300 redundancies in Hong Kong. CEO apologies for ‘heart-wrenching’ restructuring decision, which includes closing Cathay Dragon.

https://www.scmp.com/news/hong-kong/politics/article/3106365/cathay-pacific-eliminate-8500-job-posts-hk22-billion

5.After U.S. has imposed restrictions on the supply of leading-edge semiconductor technology,  CCP’s semiconductor industry is full of risky, loss-making projects. Local governments’ low-level construction have appeared repeatedly to soliciting investment from the central government.

https://sg.news.yahoo.com/china-curb-chaos-semiconductor-industry-095959761.html

6.CCP’s high conversion premium rate,  regardless of the rise and fall of the underlying stocks. The price of convertible bonds frequently shows signs of fall, investment risks are extremely high.

https://company.stcn.com/gsxw/202010/t20201021_2447833.html

7.200 parents gathered outside the office of Youwin Education, demanding refunds after the company folded.

https://malaysia.news.yahoo.com/china-uneven-coronavirus-economic-recovery-103053147.html

By 【G-Translators – Financial and Law Team-Tracy】

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armor
6 months ago

CCP Virus ,CCP Lied,The world people died.Take down the CCP !

The New Federal State of China ! Everything has begun !

Action ! Action ! Action !

Lah Lah Lah Lah Lah !

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123456l
6 months ago

ccp must go to hell

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