News

Cheng Lei, imprisoned Australian journalist, reveals harsh prison conditions

Published

2 years ago

August 11, 2023

Australian journalist Cheng Lei, who has been incarcerated in China for the past three years, has shared her first public statement detailing the challenging conditions of her imprisonment.

In a letter dictated to an Australian consular official in Beijing and passed on to her partner, Nick Coyle, Cheng Lei addresses the Australian public directly, expressing her yearning for the sun and nature of Australia, which she sorely misses during her incarceration.

“I miss the sun. In my cell, the sunlight shines through the window, but I can stand in it for only 10 hours a year,” she writes.

Cheng Lei, who was working as a broadcast journalist for Chinese state-owned media CGTN, was arrested on August 13, 2020, on charges of “supplying state secrets overseas,” a claim she denies. She has been held under Residential Surveillance at a Dedicated Facility (RSDF), a form of detention that restricts detainees’ contact with the outside world.

In her message, Cheng Lei reflects on her life in Australia and the memories she cherishes, contrasting them with the stark reality of her prison experience. She shares her yearning for the Australian people, the diverse landscapes, and even the humor that she associates with her Australian upbringing.

International attention

Cheng Lei’s case has garnered international attention, with concerns raised about her treatment and the allegations against her. Her partner, Nick Coyle, reveals that she has been able to correspond with her children and parents through letters since leaving the RSDF system. However, the toll of separation from her family is evident in her words.

The Australian government has advocated for Cheng Lei’s rights and humane treatment in accordance with international norms. The Chinese Embassy in Canberra stressed that China adheres to the rule of law and is willing to provide assistance within the bounds of legal provisions.

Cheng Lei’s case highlights the complexities of diplomatic relations between China and Australia, with hopes that a resolution will lead to improved bilateral engagement.

News

This may be the AI market correction, according to traders

US stocks tumble as tech giants report uneven earnings, prompting fears of a looming market correction.

Published

3 hours ago

November 5, 2025

Ahron Young

US stocks tumble as tech giants report uneven earnings, prompting fears of a looming market correction.

US stocks have taken a sharp dive as investors grow nervous about stretched valuations and uneven earnings reports from tech giants. Major Wall Street banks, including Morgan Stanley and Goldman Sachs, are warning that the rally could be nearing a 10% correction – a wake-up call for traders betting on unstoppable market momentum.

Nvidia, the world’s most valuable public company, dropped nearly 4%, wiping out around $200 billion in market value. Meanwhile, Palantir slid 6%, dragging other AI and semiconductor names lower. Even gold — a traditional safe haven — dipped 1.6%, signaling widespread investor anxiety.

Bitcoin also broke below the $100,000 mark for the first time since June, underscoring how jittery markets have become. As earnings season unfolds and the US government shutdown looms, investors are questioning whether the bull run that lifted the S&P 35% since April has finally run out of steam.

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News

Dick Cheney dies at 84: The end of an era in American power

Former Vice President Dick Cheney dies at 84, leaving a controversial legacy in American politics and national security.

Published

3 hours ago

November 5, 2025

Ahron Young

Former Vice President Dick Cheney dies at 84, leaving a controversial legacy in American politics and national security.

Former U.S. Vice President Dick Cheney has died at the age of 84, marking the end of one of the most influential — and controversial — political careers in modern American history. Cheney served under four Republican presidents, most notably George W. Bush, where he became known as one of the most powerful vice presidents in U.S. history.

His family confirmed he passed away from complications related to pneumonia and heart disease. Cheney’s decades in Washington were defined by his hardline approach to national security and his role in shaping America’s response to the September 11 attacks.

Even after leaving office, Cheney remained a strong defender of his policies, particularly the 2003 invasion of Iraq. His passing leaves behind a complicated legacy — one that reshaped U.S. foreign policy and continues to influence Republican politics today.

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News

Nasdaq sell-off deepens amid AI stock concerns

Nasdaq sell-off worsens as AI stock valuations spark investor concerns and Palantir shares plummet despite strong earnings

Published

5 hours ago

November 5, 2025

Ahron Young

Nasdaq sell-off worsens as AI stock valuations spark investor concerns and Palantir shares plummet despite strong earnings

In Short:
– Stocks fell due to concerns over AI valuations; S&P 500 down 1.2%, Nasdaq down 1.9%.
– Palantir shares dropped 9% despite strong performance, raising questions about sustainability of high valuations.

Stocks fell on Tuesday as investor concerns regarding artificial intelligence valuations impacted major indices.

The S&P 500 declined by 1.2%, and the Nasdaq Composite dropped by 1.9%, while the Dow Jones Industrial Average lost 304 points, equating to a 0.6% decrease.Palantir shares dropped 9%, despite the company’s strong third-quarter performance and positive forecasts attributed to its AI sector growth. The stock has surged over 150% this year, yet trades at over 200 times its forward earnings, leading investors to question whether such valuations can be sustained.

Other tech stocks also faced declines, including Oracle and AMD, which saw drops of 4% and more than 3%, respectively.

Gains in AI stocks have inflated the S&P 500’s price-earnings ratio above 23, raising concerns about stock valuations. Ameriprise market strategist Anthony Saglimbene highlighted potential risks, stating that investors are questioning if future profit growth will support high capital expenditures.

Market Outlook

Comments from executives at Goldman Sachs and Morgan Stanley further added to market worries.

Both firms predicted potential market pullbacks, with drawdowns of 10% to 20% possible within the next two years. Saglimbene noted a narrow market breadth in recent months, suggesting limited alternatives if a downturn occurs in the tech sector.