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  China said on Saturday it would stop checking truck drivers and ship crew transporting goods domestically for COVID-19, removing a key bottleneck from its supply chain network as a dismantling of the country’s zero-COVID policy gathers speed. The country this week made a dramatic pivot toward economic reopening, loosening key parts of the COVID policy in a shift that has been welcomed by a weary public but also is now stoking concerns that infections could spike and cause further disruptions. With Beijing requiring less testing and letting those with mild to no symptoms quarantine at home, the focus has shifted to ensuring adequate provisions of medicines and shoring up the country’s healthcare system, which experts say could be quickly overwhelmed. Three years after the coronavirus emerged in central China, citizens were eager for Beijing to start to align with the rest of the world, which has largely opened up in an effort to live with COVID. After widespread protests, the authorit

  Geopolitical tensions, energy market imbalances, persistently high inflation numbers, and rising interest rates have many investors and economists concerned that a U.S. recession is inevitable in 2023. Recession risk has been rising throughout 2022 as the Federal Reserve has raised interest rates in its ongoing battle against inflation. The good news for investors is that the U.S. economy has remained strong up to this point. Unfortunately, the higher interest rates rise, the less likely the Fed will be able to navigate a so-called soft landing for the economy in 2023. Economic recessions are no reason for panic and have been a regular occurrence over the past century. However, investors can make the most of a tricky situation by knowing which risk factors to watch and how to position their portfolios to optimize their performance if a recession is looming in 2023: 2023 recession risk factors. Will there be a recession in 2023? What to invest in during a recession. 2023 RECESSION RIS

  TESLA SOLD 100,291 CHINA-MADE VEHICLES IN NOV -XINHUA  Tesla (NASDAQ: TSLA) Inc delivered 100,291 China-made electric vehicles (EVs) in November, the highest monthly sales since its Shanghai factory opened in late 2020, a Xinhua report said on Monday. The number marks a 40% increase from October and 89.7% more than a year earlier after the U.S. automaker ramped up output at the Shanghai plant, cut prices for the best-selling models, and offered incentives to Chinese buyers. However, BYD led all brands in China’s November EV sales at 229,942 electric cars including plug-in hybrids and pure electric vehicles, three times more than a year earlier and more than double Tesla’s tally, China Passenger Car Association data shows. TESLA TECHNICAL ANALYSIS DAILY CHART: Read More

  French President Emmanuel Macron will use a state visit to Washington this week to press European Union concerns about the United States’ huge new green energy subsidy package. While EU countries welcome the new commitment to the energy transition, they fear the $430 billion Inflation Reduction Act will put their companies at an unfair disadvantage. WHY IS EUROPE ANGRY? EU countries are worried their companies will suffer because of U.S. tax breaks for components used in renewable energy technologies like electric cars on condition they are made in North America. EU countries consider that 200 billion euros ($207 billion) out of the total is tied to locally produced content provisions that potentially violate World Trade Organization (WTO) rules. French Finance Minister Bruno Le Maire says that while subsidies to foster energy transition are fair game, they should comply with WTO rules and there should be a level playing field. Not only do the tax breaks put European companies at a d

  ALIBABA SHARES ADVANCE 5% ON REDUCED CHINA COVID RESTRICTIONS Alibaba (BABA) stock has jumped more than 5.2% in premarket to $80 after China’s National Health Commission said covid-related lockdowns should end as soon as possible. This announcement sent  all  Chinese stocks higher as renewed covid lockdowns had pushed these same stocks into a slump over the past several weeks. Protests across China starting last week and seeming to die down on Monday had also weighed on sentiment, but now it appears that the Chinese Communist Party is listening to protestors concerns. If lockdowns do indeed end, then the reopening trade should ignite even further. ALIBABA TECHNICAL ANALYSIS DAILY CHART: Read The Full Report Here