This investor is bullish on Alibaba, says now is a ‘great opportunity’ to buy

Lockdowns in China could be a boon for businesses like Alibaba, says Sam Le Cornu of Stonehorn Global Partners, who said his firm is buying more shares in the Chinese tech giant. “We’re increasing our position in Alibaba,” Le Cornu, CEO and co-founder at the investment management firm, told CNBC’s “Street Signs Asia” on Thursday. “Based on valuations and the earnings outlook, we see that it’s a buying opportunity.” As the pandemic stretches into its third year, China continues to press on in its strict zero-Covid strategy, with lockdowns being implemented…

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My daughter died at 13 feeling worthless – social media played its part and now I want answers

Our family’s anguish and our search for answers led us to Molly’s social media accounts (Picture: Ian Russell) Two years ago, my family lost our beloved youngest daughter. In the early hours of Tuesday November 21, 2017, Molly took her own life, just days before her 15th birthday. Adored as a friend, sister, daughter and granddaughter, Molly had showed no obvious signs of mental anguish. Finding her lifeless body on what we thought was just an ordinary weekday morning left us not only confronted by the onslaught of raw grief,…

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Americans now spend twice as much on health care as they did in the 1980s

The average American household spent almost $5,000 per person on health care last year. That’s a 101% increase from the roughly $2,500 per person that Americans spent about 34 years ago in 1984, according to an analysis of the Bureau of Labor Statistics Consumer Expenditures Survey by data company Clever. To make accurate comparisons, Clever adjusted all dollar amounts for inflation. It’s perhaps not surprising that health care expenses have risen over the past three decades. But the main driver of the increase is not drug costs or medical services. In…

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US now seeking social media details from all visa applicants

WASHINGTON (AP) – The State Department is now requiring nearly all applicants for U.S. visas to submit their social media usernames, previous email addresses and phone numbers. It’s a vast expansion of the Trump administration’s enhanced screening of potential immigrants and visitors. In a move that’s just taken effect after approval of the revised application forms, the department says it has updated its immigrant and nonimmigrant visa forms to request the additional information, including “social media identifiers,” from almost all U.S. applicants. The change, which was proposed in March 2018, is…

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Modi government’s 2nd term: Where to invest in stock market now?

The return of Narendra Modi as Prime Minister has pumped adrenaline into the stock market. As it became clear on Thursday that the BJP will get a clear majority, the benchmark indices created history: the Sensex crossed the 40,000 mark and Nifty rose above 12,000. Though both indices retraced from those levels due to profit booking, the formation of a stable government at the Centre is seen as good news. The markets prefer a strong, stable regime without the crutches of coalition because it ensures continuity in economic policies. “Investors…

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Amazon’s Alexa now handles patient health information

Today, Amazon announced that six health care companies and providers will allow customers to access some of their personalized medical information by talking to Alexa-enabled devices. The announcement marks another huge move for Amazon into the health care business. The main health privacy law in the US — the Health Insurance Portability and Accountability Act of 1996 (HIPAA) — typically ensures that health information can only be shared between patients and those in the health care system, like doctors or hospitals. In other words, information like medical diagnoses and pharmaceutical prescriptions are…

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