Function LBN

US stocks dropped on yesterday’s closing affected by the Federal debt ceiling headed for a crucial vote in Congress. At the same time, the strong labor market data has confused investors’ direction who fear the Federal Reserve might hike interest rates again in June. The Dow Jones Industrial dropped 0.41% to 32,908.27, S&P 500 dropped 0.61% to 4,179.83 and Nasdaq lost 0.63% to 12,935.29.

The California Journalism Preservation Act has come out with a requirement for the ONLINE PLATFORMS to pay publishers. Caused the Meta platform plans in removing news content in California mentioned on Wednesday in order to pass the state government legislation forcing tech companies to pay publishers.

Risk of buying foreign stocks as of currency risk which foreign stocks are denominated in foreign currencies. Even though you may choose to buy in local currency, when you sell, there is still a currency risk. Currencies in some countries may fluctuate more rapidly due to many factors that are beyond our control.

Virgin Orbit an Aerospace company has shut the firm operations as reported on Tuesday while the good has been sold after closing at $36.4 million. The sell of assets to small-launch firm Rocket Lab USA Inc. The purchase agreement includes machinery and equipment that had been used to manufacture Virgin Orbit's flagship LauncherOne rockets.