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How China is taking trillions of U.S. dollars in illicit proceeds every year

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Tens of millions of Americans have become financial backers of the Chinese Communist Party (CCP) without even knowing it.

 
China’s current financial woes and spiraling downward economy have many officials sounding the alarm over concerns that China’s Communist Party (CCP) will further its illicit trade, nationalism, and military aggression.

David Luna, the Executive Director of the International Coalition Against Illicit Economies, joins Veronica Dudo to discuss.

Luna says that several trillions of U.S. dollars in illicit proceeds every year are generated from predicate offenses or specified unlawful activities for money laundering that touch China’s jurisdiction and markets, and are often used to finance China’s authoritarian regime.

Additionally, Luna explains that the CCP has leveraged corruption, illicit markets, and predatory trade and lending practices to become a dominant illicit player across global markets, supply chains, and digital marketplaces.

He adds that such CCP criminalized activities are helping China to also finance its economy and military and thereby bolster public support for the ruling CCP regime. #CCP #China #economy #illegaltrade #US #authoritarianregime #blackmarket #finance #Chinaeconomy

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Senate clears Epstein files release despite White House push

Senate upholds vote to release Epstein files despite White House delay attempt; Trump signals intent to sign bill.

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Senate upholds vote to release Epstein files despite White House delay attempt; Trump signals intent to sign bill.


The White House tried to delay a vote on the release of Justice Department files connected to Jeffrey Epstein, even as former President Trump insisted there was nothing to hide.

Despite this, the Senate approved the measure exactly as it passed the House, ignoring amendments proposed by Trump’s aides. This move clears the path for the files to be made public in full.

Trump has indicated he intends to sign the bill, marking a significant shift after the White House’s attempt to block or delay the vote proved unsuccessful. The decision could have wide-reaching implications for transparency and ongoing investigations.

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#EpsteinFiles #WhiteHouse #Trump #SenateVote #JusticeDepartment #USPolitics #Transparency #TickerNews


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Nvidia earnings shake tech stocks as ASX heads into Christmas

Nvidia’s earnings spark sharp market reactions, prompting investor concerns for tech stocks and volatility ahead of year-end trading.

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Nvidia’s earnings spark sharp market reactions, prompting investor concerns for tech stocks and volatility ahead of year-end trading.


Markets are reacting sharply to Nvidia’s latest earnings, leaving investors questioning the future of tech stocks. Analysts are closely watching whether the results meet expectations and what it could mean for the broader market.

Joining us is David Scutt from StoneX to break down Nvidia’s post-earnings performance and its ripple effects across US and global equities. Investors are keeping a keen eye on how this could set the tone for year-end trading.

With Christmas approaching, the ASX faces a pivotal day as global risk sentiment shifts. Traders are positioning themselves for potential volatility, making it critical to understand the signals coming out of major tech earnings.

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#NvidiaEarnings #TechStocks #StockMarket #ASX #GlobalMarkets #Investing #MarketUpdate #TickerNews


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Tech stocks on edge ahead of Nvidia

Nvidia’s earnings report could impact tech sector trends, prompting analysis of profit-taking versus deeper market concerns.

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Nvidia’s earnings report could impact tech sector trends, prompting analysis of profit-taking versus deeper market concerns.


With Nvidia’s crucial earnings on deck, expectations are sky-high and the outcome could set the tone for the entire tech sector.

Chris Weston from Pepperstone breaks down whether this rotation signals simple profit-taking or deeper market concerns.

#TechStocks #Nvidia #Markets #Investing #FinanceNews


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