Dow Plunges 1,000 Points After Fed Chair Powell Warns Inflation Requires ‘Restrictive’ Policy For ‘Some Time’

Topline Stocks posted their worst day in months on Friday after Federal Reserve Chair Jerome Powell in his highly awaited Jackson Hole speech doubled down on the central bank’s commitment to ease decades-high inflation with ongoing interest rate hikes, keeping in line with investor expectations but doing little to quell fears additional hikes could tip…

HFCAA First Step Audit Agreement Reached

China Last Night KraneShares This morning, the SEC, PCAOB, and CSRC, in conjunction with the Ministry of Finance, released statements announcing the signing of a Statement of Protocol allowing the PCAOB to conduct full audit reviews of US-listed Chinese companies. The deal is the first step as the audit reviews still need to take place.…