Quant Fund Gains 108% by Dumping China Stocks a Day After Buying

A Chinese quant-trading firm made 108% this year by selling every stock bought the previous day. Zhang Ruiqi, the 34-year-old chairman of Shenzhen Qianhai United Fortune Fund Management Co., screens about a dozen mainland-listed stocks every day for their turnover, momentum and volatility. He then does it all over again the following day. That strategy, which he calls the “all-in-all-out” […]

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Chinese Stocks Haven’t Been So Calm Versus U.S. in Eight Years

Stock investors wanting to preserve capital could do worse than look to China, whose relative stability stands out against the chaos in global markets. The country’s equities have gone back to the upward grind that has marked past rebounds since a bubble burst in 2015. The calm has allowed the CSI 300 Index to post at least 14 up sessions […]

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Senate's only black Republican blasts critics of his police reform plan

WASHINGTON (Reuters) – U.S. Senator Tim Scott, the chamber’s only black Republican, was thrust into the center of the national debate on policing when Majority Leader Mitch McConnell put him in charge Tuesday of the caucus’s response to protests over racial inequality and the use of force by law enforcement. On Wednesday, Scott reacted to being criticized online for a […]

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S&P cuts Japan's debt outlook as spending surges during pandemic

TOKYO (Reuters) – S&P Global Ratings on Tuesday lowered its outlook on Japan’s sovereign debt rating to stable from positive, citing increased uncertainty over the country’s fiscal health as it boosts spending to overcome the effects of the coronavirus pandemic. The move underscores the challenge Japan faces in trying to support an economy already slipping into recession, without losing control […]

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Sanvall Recalls Rapid Alivio Pain Relieving Roll-On

Doral, Florida-based Sanvall Enterprises Inc. is recalling around 5,400 units of Rapid Alivio Pain Relieving Roll-On citing risks to children, the U.S. Consumer Product Safety Commission said in a statement. The product contains the substance methyl salicylate which must be in child resistant packaging as required by the Poison Prevention Packaging Act or PPPA. The agency said the company failed […]

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Murphy Robinson appointed to serve as Denver’s public safety director

The man serving as Denver’s interim public safety director will get the job full-time. Murphy Robinson, who was appointed interim director in January, was hired Wednesday for the role full time by Mayor Michael Hancock. Robinson also had been serving as the city’s chief operating officer. The city’s public safety director oversees the police, fire and sheriff’s departments as well […]

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