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FBI raids Chinese sales machines provider: report

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U.S. federal investigators raided the Florida places of work of a Chinese issue-of-sale gadget provider that reportedly facilitated cyberattacks on American and European entities. 

This week FBI brokers descended on the Jacksonville places of work of Shenzhen, China-based mostly PAX Technologies, which supplies position of sale (POS) hardware and software to providers throughout the world. 

POS programs are used everywhere from large box suppliers to gas stations to coffee shops for processing buyer payments.   

The seal of the Federal Bureau of Investigation hangs on the exterior of the bureau’s Edgar J. Hoover Making in May well 2017 in Washington, D.C. Just lately, the FBI raided the Florida offices of a Chinese sales tools supplier. (Chip Somodevilla/Getty Illustrations or photos / Getty Visuals)

US Depends ON CHINA FOR Far too Numerous Matters: REP. WENSTRUP 

The information was at first reported by WOKV

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Breanne Logiudice by — October 31, 2021 in Fox Business
11 High-Upside Chinese Stock Picks to Acquire As Traders Stress-Promote

  • The sudden bear industry in Chinese shares is a getting option, a single fund supervisor suggests.
  • Chinese personal education and learning shares have been crushed just lately, but that may possibly be an overreaction.
  • Ryan Cullen, CEO of Cullen Investment decision Team, shares 11 Chinese shares to buy now.

Chinese stocks have melted down in current buying and selling classes as the Chinese federal government cracks down on organizations that it fears are getting too big. 

Individuals losses are pedestrian in comparison to the massacre in shares of Chinese non-public instruction corporations, which have cratered 70% in the earlier week just after news broke that the Chinese government may limit the firms’ profitability or pressure them to come to be nonprofits.

In gentle of these dramatic declines, what should really buyers do?

Purchase the dip, says Ryan Cullen, CEO of Cullen Investment Group.

“There’s a small bit of overreaction by

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Breanne Logiudice by — July 30, 2021 in Business Insider