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Day: May 31, 2022

Digital Banking
Fintech Publications

Financial FreedomFinancial Freedom

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Foundation of China's economic recovery not solid enough, party official says
The foundation of China's economic recovery is not solid enough, a senior Communist Party official said on Saturday, warning of possible spillover effects from global economic problems.
Apple CEO Tim Cook praises China's innovation, long history of cooperation on Beijing visit
Cook is in Beijing to attend the China Development Forum, a government-organized event being held again in full force after the country ended its Covid controls late last year.
Biden says federal deposit insurance could be tapped further if banks fail
President Joe Biden said Friday that federal deposit insurance could be tapped for deposits above $250,000 if other U.S. banks fail, expressing confidence that mid-sized U.S. banks would survive strains in the sector.
The market's initial reaction to a Fed rate hike is 'almost always a head fake,' Jim Cramer says
CNBC's Jim Cramer said Friday that the initial market sell-off prompted by the Fed rate hike may point to a reversal in the coming months, based on past data.

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