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February 15th - The World Health Organization (WHO) issued a statement on the 14th saying that it has received reports of recombinant monkeypox virus strains in recent months, with two patients infected with a new strain resulting from the recombination of branch Ib and branch IIb strains. However, the risk of monkeypox infection in the general population without specific risk factors remains "low".February 15th - According to reports on the 13th local time, US chocolate prices continue to rise due to factors such as supply shortages in major global cocoa-producing regions, with a year-on-year increase exceeding 14%. Data from the US market research company DataCollection shows that from January 1st to early February this year, US chocolate retail prices rose 14.4% year-on-year. Specifically, chocolate prices in cities like Denver and Los Angeles rose by approximately 17% year-on-year, while the Dallas-Fort Worth area saw a surge of 19%. The rise in US chocolate prices is mainly due to the global shortage of cocoa beans, the core ingredient. West Africa accounts for about 70% of global cocoa bean production, and extreme weather led to poor harvests, pushing cocoa futures prices to historical highs. Although international cocoa prices have recently fallen significantly, the US chocolate market is still digesting previously purchased high-priced raw material inventory, and the upward trend in chocolate prices may continue in the short term.February 15th - According to foreign media reports, the Vietnamese government approved SpaceXs Starlink satellite internet service launch in Vietnam on February 14th. The Vietnamese Ministry of Science and Technology has issued a license to Starlinks local subsidiary, allowing it to provide fixed and mobile satellite internet services. The company has also been granted permission to use radio frequencies and wireless equipment.February 15th – Hong Kong Financial Secretary Paul Chan Mo-po delivered a Lunar New Year message: "In the past year, with the strong support of the nation and the joint efforts of the SAR government and citizens, we have overcome many challenges. Exports performed well, visitor numbers increased, local consumption stabilized, and the international financial center developed steadily, resulting in overall economic stability and progress. Looking ahead to the new year, the external environment is challenging, but it will also present many new opportunities. We will actively strive for economic development, consolidate and enhance traditional advantageous industries, while exploring new markets and developing emerging industries. We will vigorously attract businesses and gather talent, ensuring that the fruits of diversified development better benefit the citizens. This year marks the beginning of the 15th Five-Year Plan, and we will more actively integrate into and serve the overall development of the nation, leveraging our strengths to serve the countrys needs."SpaceX announced that a Falcon 9 rocket launched 24 Starlink satellites from California.

S&P 500, NASDAQ Composite Finish Higher Despite Rate Hike Expectations

Jimmy Khan

Dec 26, 2022 16:24

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Despite a jump in Treasury yields and economic data that indicated consumer inflation was falling but not quickly enough for the Fed to halt its intentions to keep increasing interest rates, the benchmark S&P 500 Index and the tech-heavy NASDAQ Composite finished higher on Friday.


Numerous studies from the Commerce Department and the University of Michigan revealed that although consumer spending, which makes up roughly 70% of the U.S. economy, is slowing down, inflation also seems to be.


Coming home sales registered a surprise boost, and consumer confidence rose more than anticipated, despite the Fed's expectation to hike rates throughout the new year and the widespread forecast of a recession in 2023 among experts.


The S&P 500 Index ended the day on Friday at 3844.82, up 22.43 or +0.59%. The Dow Jones Industrial Average closed at 33203.93, up 175.44 or +0.53%, while the NASDAQ Composite ended at 10497.86, up 21.74 or +0.21%.