Covid fears and new tech crackdown hit Chinese stocks and Macao casinos
CNN
Chinese stocks fell on Monday as the threat of new Covid restrictions and a renewed regulatory offensive against big tech companies sapped investor confidence.
Casinos in the gambling hub of Macao were ordered to close for the first time since February 2020 because of a Covid outbreak, sending shares of their operating companies plunging, and fears of new lockdowns in Shanghai undermined the broader China market.
Adding to the downbeat mood, China's tech stocks plunged after the country's antitrust regulator imposed fresh fines on a batch of A-list companies, rekindling fears that Beijing is still not lifting the pressure on the country's embattled internet giants.
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Speaker Mike Johnson is a political survivor, weathering crisis after crisis since his unlikely ascent two years ago.
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The US military carried out a strike Thursday on a suspected drug boat in the Eastern Pacific, killing four people on board, according to a social media post from US Southern Command.
A grand jury voted against indicting New York Attorney General Letitia James after being asked to look at the mortgage fraud case against her a second time, according to multiple people familiar with the development Thursday.
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If nothing else, the controversy over the Trump administration’s second strike on an alleged drug boat in the Caribbean has surfaced a long-overdue debate about its already legally dubious first strikes.