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U.S. lawmakers press FBI on China operations in America

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FBI wants more money to counter China’s efforts to ‘lie, cheat and steal to surpass the U.S.’

The FBI Director is testifying in the House Budget Committee hearing in Washington D.C. and is saying a lot about the threat China poses.

The Congressional committee examining the threat from the Chinese Communist Party says the FBI is not sharing information about its efforts to stop Beijing over police stations in the U.S. after two men were arrested for allegedly running one such operation in New York City’s Chinatown.

Lawmakers want officials to be transparent on whether there are additional Chinese Police Stations in America.

FBI Director Christopher Ray was in the hot seat on Capitol Hill. He’s making his case to Congress about why he thinks the FBI should get $11.5 billion of taxpayer money this year.

During his testimony, he laid it out on the line about how he sees the biggest threat to America right now.

“My priority has been since early during my time as Director of the Chinese government and the Chinese communist party which I think represents the greatest threat to our country and we’ve grown investigations into the Chinese government and their actors 1,300 per cent,” Wray said.

Wray says currently the FBI has over 2,000 open investigations into the threat from China.

Veronica Dudo is the U.S. Correspondent for Ticker News covering America’s biggest headlines. As an Emmy® Award nominated global journalist, Veronica has traveled across the country and around the world reporting on historical events that connect all citizens. Lauded as an award-winning international journalist, Veronica has executed stellar news coverage for NBC News, CBS News, The Hill, ME-TV Network and AOL. Her stories have highlighted a plethora of topics ranging from breaking news and politics to economic affairs across the USA, European Union, and Asia; cultural affairs; globalization; governance; education; and sustainability.

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Eisman identifies infrastructure as key investment opportunity

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Famed investor Steve Eisman, has shifted his focus to infrastructure, citing three main reasons.

 

The pandemic-induced shift towards onshore investment, the rise of AI necessitating data centre expansion, and the global push towards greener energy.

Eisman believes these trends offer a decade-long opportunity for investors, with Australia presenting ample opportunities for market participation.

Notable companies to consider for exposure include BlueScope and James Hardie Industries for building materials, Macquarie Technology and Goodman Group for data centres, and Worley, AGL Energy, and Origin Energy for electricity grid upgrades and green infrastructure.

However, Eisman cautions investors to approach utility investments carefully, considering their capital expenditure budgets in renewable energy and grid upgrades.

 

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Civil War cinema brings in the box office dollars

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Alex Garland’s film “Civil War” has made a significant impact at the box office, surpassing expectations with a $25.7 million opening weekend in North America.

Starring Kirsten Dunst, Wagner Moura, and Cailee Spaeny, the film explores a near-future scenario where California and Texas unite against a president’s authoritarian regime. Despite fictional elements, “Civil War” has sparked widespread discussion, with its themes resonating in today’s political climate. The film’s performance, coupled with positive reviews, suggests a promising trajectory in the coming weeks, bolstered by a relatively quiet release schedule.

You can catch the trailer here

 

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Oil likely to see hike following Iran’s Israel attack

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Global oil markets are poised for potential disruption as tensions escalate in the Middle East following Iran’s recent attack on Israel.

The attack, which targeted key infrastructure, has raised concerns about the stability of oil supplies in the region.

Experts predict that the incident could lead to a spike in oil prices as investors react to the heightened geopolitical risk. #ticker today #featured

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