China’s Gold Imports Slow as Record Prices Temper Demand

-- China ’s bullion imports slowed last month as demand in the world’s biggest consumer begins to buckle in the face of record prices.One of the Last Big Bears on Wall Street Turns Bullish on US Stocks

China’s central bank has also shown consistent appetite for gold, topping up its holdings for an 18th straight month as it diversifies its reserves and hedges against currency depreciation, although the pace of those purchases slowed in April as well. Trump Media and Technology Group, the company affiliated with former U.S. president Donald Trump that operates Truth Social, reported $770,500 in revenue for the first quarter of 2024 and a net loss of $327.6 million. Shares in Sarasota, Fla.-based TMTG — which says it is a “safe harbor for free expression amid increasingly harsh censorship … -- Seafood restaurant chain Red Lobster filed for bankruptcy, succumbing to onerous leases, high labor costs and a disastrous unlimited shrimp promotion.

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