The rally in Chinese stocks is leading investors to predict that mainland shares will outperform American peers due to attractive valuations, with the MSCI China index gaining 19% since the start of the year. This contrasts with the S&P 500 slipping into correction territory for the first time since 2023, as U.S. concerns grow over Trump’s tariffs policy and recession fears impacting tech-heavy Nasdaq Composite. Richard Harris of Port Shelter Investment Management describes this shift as the “great pivot,” signaling a potential change in market dominance away from American exceptionalism towards a recovering Chinese economy driven by optimism in artificial intelligence capabilities.
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Justice Department Moves to Unseal MLK Jr.’s FBI Surveillance Records
The Justice Department is seeking to unseal F.B.I. surveillance records of Martin Luther King Jr. over the objections of his civil rights organization, amid concerns that the release could tarnish his legacy. The request, made by Trump-appointed U.S. attorney Ed Martin, aims to shed light on the truth about Dr. King's assassination by revealing wiretaps and agent reports, representing a significant change in the Justice Department's historical stance on investigative file releases. The move follows...
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