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On April 11th, Haidilao issued a statement regarding the incident of a Haidilao employee being forced to buy gifts at their own expense due to a customer complaint. The statement reads as follows: At 9:57 AM on April 7th, we received an internal complaint from the employee. We contacted the employee at 2:18 PM that same day and simultaneously forwarded the complaint to the regional office for verification and processing. From April 8th to 9th, the company investigated the employees complaint and confirmed on the 9th that the employees account was largely true. On April 10th, the company discussed compensation with the employee. We solemnly promise to compensate the employee in accordance with the law and to express our sincere apologies in person or through other channels according to the employees wishes. Due to concerns about similar situations in other stores, at 10:00 AM on April 10th, we notified over 1,000 stores to conduct internal investigations. These investigations are ongoing, and we will handle any similar cases appropriately in accordance with the law.US President Trump: Our oil reserves are more than the next two largest oil-producing economies combined, and they are of higher quality.On April 11, Indonesian Foreign Minister Sujiyono stated in an interview that the China-Pakistan five-point initiative is a pragmatic measure to promote peace negotiations, achieve a permanent ceasefire, strengthen civilian protection, and normalize economic relations, and Indonesia welcomes it. Sujiyono said that since the beginning of the US-Israel-Iran conflict, Indonesia has called on all parties to immediately cease hostilities and return to the negotiating table to strive for a solution through means consistent with international law. The China-Pakistan five-point initiative prioritizes dialogue and diplomatic channels, which is conducive to creating the necessary conditions for achieving peace, stability, and security in the region and beyond. Recently, China and Pakistan issued a five-point initiative on restoring peace and stability in the Gulf and the Middle East, calling for a cessation of hostilities, the commencement of peace talks as soon as possible, and ensuring the safety of non-military targets, the safety of shipping lanes, and the primacy of the UN Charter.On April 11, sources revealed that the Bank of England plans to discuss the impact of Anthropics newly launched artificial intelligence model with financial institutions. British regulators are joining their counterparts in the US and other countries in warning of the risks posed by this tool. Anthropics Mythos model will be on the agenda of the Bank of Englands next Cross-Market Operations Resilience Group and CMORG Artificial Intelligence Task Force meetings, both scheduled for the next two weeks. The Federal Reserve and the Treasury have already held emergency meetings on the matter, and the Bank of Canada also met with banks and financial companies on Friday to discuss the cybersecurity risks posed by Mythos. These meetings reflect growing concerns among regulators that a new type of cyberattack is becoming one of the biggest risks facing the financial industry.Ukrainian President Zelensky: 175 Ukrainian soldiers and 7 civilians have returned home.

Silver Prices Increased in Response to Growing Inflation Concerns

Larissa Barlow

Apr 19, 2022 09:47

Silver prices increased today as inflationary pressures increased, indicating a bullish rise. The ten-year yield touched a three-year high near 2.849 percent as investors closely monitor inflation following last week's data and the Russia-Ukraine conflict.

 

Gold prices extend their gains, reaching a one-month high on inflation fears. Oil prices rose in tumultuous trading as limited global supply was worsened by Libyan production disruptions. Due to the scarcity of supply, even a slight disruption has a disproportionate influence on price fluctuation.

 

Homebuilder morale is being weighed down by rising mortgage rates and supply chain delays. Builder confidence in single-family houses declined two points to 77 in April.

 

At the beginning of March, the average 30-year mortgage rate was approximately 3.90 percent. It is now 5.15 percent, the highest level in more than a decade. Mortgage rates are increasing, which is contributing significantly to the increase in new and existing property prices.

Technical Evaluation

In Monday's trading session, silver prices jumped over the 200-day moving average. Prices broke over the $26.00 resistance level, indicating a possible bullish breakout with short-term gains. Support is located near the 10-day moving average, which is now at $25.16.

 

Near the $26.40 level, resistance is located. If prices break above that level, they may test the early March high above $27.00. The short-term momentum is bullish, as the fast stochastic generated a buy signal upon crossover.

 

The medium-term momentum is positive, as indicated by the histogram's positive correlation with the MACD (moving average convergence divergence). The MACD histogram's trajectory is positive, indicating an upward trend in price movement.

 

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