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ZNH

China Southern Airlines Company Limited New York Stock Exchange
$35.39
Open: $37.5 High: $37.9 Low: $35.25 Close: $35.3
Range: 2021-02-24 - 2021-02-25
Volume: 108,840
Market: Open
Powered by Finage Stock APIDelayed data
ZNH
China Southern Airlines Company Limited 278 Ji Chang Road Guangzhou , 510405 http://www.csair.com
China Southern Airlines Co Ltd in collaboration with its subsidiaries, functions in the airline industry. Its provides commercial airline services throughout China, Hong Kong and Macau regions, Southeast Asia and other parts of the world.
  • CEO:
  • Employees: 96,315
  • Sector: Industrials
  • Industry: Airlines
ZNH News
Latest news about the ZNH
  • JetBlue (JBLU) Reveals New Mint Cabins for Transatlantic Market

    JetBlue (JBLU) is set to debut its revamped Mint cabins, featuring 24 private suites, on its London flights this summer.

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  • Huawei CFO’s Life on Bail: Private Dining, Jet Charter and More

    (Bloomberg) -- For two years, few outside the inner circle of Meng Wanzhou have known how one of China’s most powerful tech executives has whiled away her days in Vancouver while battling a U.S. extradition request.That was until a court hearing Tuesday provided some stunning insights into the Huawei Technologies Co. chief financial officer’s life of affluence while on bail. Meng spent Christmas Day at a restaurant that catered exclusively to her party of 14. When one court decision last year presented her with her first shot at release, a China Southern Airlines jetliner was chartered, ready to whisk her back to China (the decision went against her). She goes on shopping sprees at high-end Vancouver boutiques that set aside space so that she can browse in private.The revelations emerged in testimony as the court considered a request by Meng to further relax her bail terms. She’s currently allowed to roam a roughly 100-square-mile patch around Vancouver in the company of court-appointed security guards during the day and is confined to house arrest at night. She’s asking the court if she can move around outside her curfew hours without the guard accompaniment.The plight of Meng, the eldest daughter of Huawei’s billionaire founder Ren Zhengfei, has become a national cause for Beijing. Her December 2018 arrest set off an unprecedented diplomatic uproar. Just days after it, two Canadians -- Michael Spavor and Michael Kovrig -- were detained in China, billions of dollars in Canadian exports to China were disrupted and bilateral relations deteriorated. In the U.S., her case cast a spotlight on a broader Trump administration effort to contain China and its largest technology company. U.S. officials have charged Meng with fraud for having allegedly tricked HSBC Holdings Plc. into processing Iran-linked transactions, putting the bank at risk of violating American sanctions. She denies any wrongdoing.Under her C$10 million ($7.9 million) bail terms, the 48-year-old executive wears a GPS monitor on her ankle, pays for 24-hour surveillance by a court-appointed private security firm and faces an 11 p.m to 6 a.m. curfew. During Tuesday’s hearing, her husband Liu Xiaozong testified to the court that Meng is usually guarded by a team of three on her outings, with the guards changing from day to day and traveling in the same vehicle as her. Liu fears that puts his wife at greater risk of contracting Covid-19, which is a particular concern because she is a survivor of thyroid cancer and suffers from hypertension, he said.Liu recounted that the family used to go grocery shopping and to malls and coffee shops together, but that has become “more challenging” in part because their children feared being publicly identified due to the presence of the security guards.The head of the security firm, Doug Maynard, later testified that his security personnel, too, had concerns about virus transmission -- caused by Meng’s behavior, as she dined in large groups that violated provincial Covid guidelines. On one occasion, the diners all sipped from the same coffee cup, he told the court.Canadian prosecutors argue that the conditions of Meng’s bail terms are “necessary and appropriate.” “There is no reason to vary the conditions at this time,” Canada’s Department of Justice said in an email prior to the hearings.The two Canadians jailed in China, Spavor and Kovrig, face a very different set of challenges. Indicted on national security charges, the two men were initially held at secret jails and questioned multiple times a day in cells where the lights couldn’t be turned off. Kovrig described his life as a “gray, grinding monotony” in a letter written to his wife from his windowless concrete cell. That was before Chinese officials cut off consular visits, letters and other communication amid the pandemic last year. It’s not clear if either has had access to a lawyer during the two years they’ve been incarcerated.China has disputed allegations of “hostage diplomacy” as “totally groundless,” saying that no one who follows the country’s laws should fear arrest. In turn, it has accused Canada of arbitrarily detaining Meng. Foreign Ministry spokeswoman Hua Chunying last month said Meng’s case was “100% a political incident.”Final hearings in Meng’s extradition proceedings are scheduled for mid-May, though appeals could lengthen the process significantly. Some Canadian extradition cases have lasted as long as a decade.The U.S. case is U.S. v. Huawei Technologies Co., 18-cr-457, U.S. District Court, Eastern District of New York (Brooklyn).For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.

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  • Here is What Hedge Funds Think About China Southern Airlines Co Ltd (ZNH)

    The latest 13F reporting period has come and gone, and Insider Monkey is again at the forefront when it comes to making use of this gold mine of data. Insider Monkey finished processing 817 13F filings submitted by hedge funds and prominent investors. These filings show these funds’ portfolio positions as of September 30th, 2020. […]

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  • China's largest carrier is back buying aircraft as Southern Airlines sells bonds to fund its order of Airbus' narrow-body jets

    China Southern Airlines, operator of the country's biggest aircraft fleet, is back in the market buying new planes and engines, resuming its expansion mode after putting six months of an air travel slump behind it.The carrier is issuing up to 16 billion yuan (US$2.37 billion) of convertible bonds, using two-thirds of the proceeds to buy 11 planes, components and towards maintenance. The remainder of the funds raised will be used to buy back-up engines and replenish its liquidity, according to a statement by the airlines, based in the Guangdong provincial capital of Guangzhou.China Southern plans to add two types of narrow-body jets to its fleet of 857 aircraft, booking two A319neo and nine A321neo planes from Airbus. The 11 new planes are expected to add 1.9 billion yuan in annual revenue, China Southern said.Get the latest insights and analysis from our Global Impact newsletter on the big stories originating in China."Having more narrow-body aircraft is the future direction as large aircraft are proved not efficient enough, " said Toliver Ma, analyst at Guotai Junan in Hong Kong. "As more newly added routes will be short distance or regional, airlines need smaller aircraft given the demand for such routes in China still have room to develop."File picture of an Airbus A321neo aircraft in flight. NEO stands for "new engine option." alt=File picture of an Airbus A321neo aircraft in flight. NEO stands for "new engine option."The expansion by China Southern, which flies to 243 destinations in mainland China and around the world, follows the solid recovery during the "golden week" of the nation's national day in October, the longest public holiday since the coronavirus pandemic broke out in January.Even though the aggressive 'fly-at-will' promotion packages have boosted airlines' revenue, many of them are still flying international routes - the most profitable destinations - at 10 per cent of their 2019 capacity, which compels them to tap the capital markets for capital.File picture of an Airbus A319neo aircraft. alt=File picture of an Airbus A319neo aircraft.China Southern, the sole operator among Chinese carriers of the A380 super jumbo by Airbus, said it's aiming to grow into "an carrier with international scale and network," to leverage on the potential of an aviation market where the capacity to carry passengers may grow to 1.5 billion by 2036, and the growth prospect of its home base the Greater Bay Area.The use of the Airbus single-aisle aircraft would make up for the capacity of the 24 Boeing 737 MAX narrow-body jets grounded in China Southern's fleet. The carrier was one of the first to ground the aircraft last year, following two back-to-back crashes within five months involving the latest version of what Boeing called the "most popular jet aircraft of all time"."China Southern is aiming to restructure its fleet," said Li Hanming, an independent aviation consultant and founder of Li & Li Consultancy in Chicago. "Because the business of its domestic routes is quite stable, there's room to buy new planes."Boeing 737 MAX aircraft bearing China Southern's livery parked in a line at Urumqi airport, in China's western Xinjiiang region on June 5, 2019. Photo: AFP alt=Boeing 737 MAX aircraft bearing China Southern's livery parked in a line at Urumqi airport, in China's western Xinjiiang region on June 5, 2019. Photo: AFPAround 40,000 American airline workers were furloughed in early October in the absence of extra government financial aid, after bankruptcies of some carriers such as Miami-based Miami Air International. According to the International Air Transport Association (Iata), global airlines need between US$150 billion and US$200 billion in financial bailout, while the Airlines for American trade group said in March that US carriers would need US$58 billion in aid.China Southern's domestic passenger capacity rose 6.6 per cent in September from last year, despite a 90 per cent plunge in its international market, according to a filing on Wednesday. Its domestic passenger volume rose 1.6 per cent from a year ago, while passenger load factor was still down in both domestic and international markets.The convertible bond issuance could also be part of the capital injection from parent China Southern Air Holding Company or state-owned entities which pledged to inject 30 billion yuan in the state-controlled carrier's mixed-ownership reform, said Li.In 2019, the State-owned Assets Supervision and Administration Commission (Sasac), as well as Guangdong Hengjian Investment Holding, Guangzhou City Construction Investment Group, Shenzhen Penghang Equity Investment Fund signed the investment agreement. China Southern said it would use the capital to invest in its aviation business and serve China's Belt and Road Initiative (BRI) and Greater Bay Area (GBA) development.China Southern's expansion move could give hope to plane makers which have been hit hard by the slump in global travel. Euler Hermes under Allianz predicted earlier this week that new plane deliveries of Airbus and Boeing will drop by 57 per cent and 26 per cent in 2020 and 2021.SCMP Graphics alt=SCMP GraphicsThis article originally appeared in the South China Morning Post (SCMP), the most authoritative voice reporting on China and Asia for more than a century. For more SCMP stories, please explore the SCMP app or visit the SCMP's Facebook and Twitter pages. Copyright © 2020 South China Morning Post Publishers Ltd. All rights reserved. Copyright (c) 2020. South China Morning Post Publishers Ltd. All rights reserved.

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  • Cheap seats give Chinese airlines a much-needed passenger bounce

    Looking to travel from Beijing to Hangzhou in eastern China? Led by China Eastern Airlines Corp's <600115.SS> June offer of unlimited weekend flights until Dec. 31 for 3,322 yuan ($485), domestic carriers have fallen over themselves to woo passengers back with bargain-basement fares. At the same time, China's success in mitigating the spread of the coronavirus has helped consumers regain the confidence to travel.

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  • Oil Prices Face a Chill Autumn Wind

    (Bloomberg Opinion) -- As the summer driving season fades in the rearview mirror, oil markets are taking on a distinctly chilly air.The recovery in demand has officially stalled, just as the OPEC+ countries are starting to taper their record output cuts. With spare capacity rife throughout the supply chain and huge stockpiles of crude and refined products, it may be some while yet before oil prices resume their upward path.After a strong initial rebound from the depths of the pandemic-induced slump, the comeback in demand slowed dramatically, as I’ve written here and here. This is most obvious in those countries that publish detailed data at high frequency, such as the U.S., the U.K. and some other European nations.That oil demand in India remains muted is particularly bad news for those wishing oil prices higher. Before Covid-19 struck, it had joined China as one of the major centers of growth in liquid fuel consumption. Sales of transport fuels by the country’s three biggest fuel retailers — Indian Oil Corp., Bharat Petroleum Corp. and Hindustan Petroleum Corp. — were still down year-on-year by more than 20% in July and August.The one potential bright spot is China, which may yet prove a lifeline for the flagging demand. July’s apparent oil use in the world’s biggest importer was up by a whopping 19.5% year on year, according to Bloomberg calculations on data from the nation’s Customs General Administration. Air travel in the country’s vast domestic market is picking up. Passenger numbers for China’s biggest airlines — Air China Ltd., China Eastern Airlines Corp. and China Southern Airlines Co. — were up by about 25% month on month in July. Travel analytics company ForwardKeys predicts air travel in China will fully recover this month. But China’s already got plenty of oil on hand. It took advantage of rock-bottom prices in March and April to make purchases, leaving the country’s stockpiles brimming, both on land and in tankers anchored off its coast. The volume in so-called floating storage is coming down, but there are still some 50 million barrels of crude that have been in tankers off China’s Shandong province for more than 15 days, according to London-based consultants Energy Aspects.Even when demand does begin to pick up again, in China or elsewhere, there may be little immediate impact on crude prices. The devastation wrought by the coronavirus pandemic has left ample spare capacity throughout the oil supply chain.Take the U.S., for example. Refinery utilization was running at about 81% of operable capacity before Hurricane Laura tore through Louisiana. That compares with about 95% at the same time last year. The difference represents about 2.6 million barrels a day of idle refinery capacity in the U.S. alone. Plants in Europe may be running at even lower levels.When it comes to getting oil out of the ground, the spare capacity may be even bigger.While U.S. shale oil production may never recover fully to its pre-virus peak, there is still plenty of room for output to pick up from current depressed levels. In the seven shale basins covered by the Energy Information Administration’s Drilling Productivity Report, there were still more than 7,600 drilled but uncompleted wells at the end of July, a number that has barely changed since February. That may reflect a lack of activity in the shale patch, but the wells provide a buffer from when demand picks up to the point that drilling crews return to the Permian and other shale basins.But the greatest concentration of spare crude production capacity lies far away in the Persian Gulf and beneath the tundra of northern Russia. The OPEC+ group of 23 countries had reduced their collective production by 9.7 million barrels a day as of May. They’ve since begun easing back on those cuts, raising the combined output target by 2 million barrels a day from the start of August.Some of that should initially be offset by several countries’ commitments to additional reductions after failing to meet their obligations in full in the early months of the deal. More oil will also be consumed domestically in the Persian Gulf countries to meet soaring summer electricity demand. But neither of those factors will constrain supply for long.Saudi Arabia’s hard line towards OPEC’s perennial quota cheats succeeded in eliciting promises to make up for earlier shortcomings, but Iraq, the biggest over-producer, is seeking to reduce the severity of its compensatory cuts by extending their duration. And Persian Gulf electricity demand will soon retreat from summer peaks, as temperatures come down, freeing up more of the extra production to be exported.The chill of approaching autumn may yet make itself felt through oil markets before they rebalance.This column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.For more articles like this, please visit us at bloomberg.com/opinionSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

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  • The World’s Jumbo Jets Are Heading for the Boneyard

    (Bloomberg Opinion) -- The queens of the skies have fallen on hard times.As Covid-19 has frozen the international travel on which they once thrived, double-decker, four-engine planes like the Airbus SE A380 and Boeing Co. 747 are more likely to be found in storage than soaring through the skies.Carriers such as Pan Am Corp. used the 747 to turn aviation into a global industry in the 1970s, and over the past decade Emirates used the A380 to repeat the trick for the global south — but those times have passed. Since mid-March, most have barely flown except on short hops to maintain pilots’ certifications and valedictory voyages to gather dust in desert boneyards.Many of those furloughs look like becoming permanent. IAG SA’s British Airways has announced plans to ground the largest fleet of 747-400s for good. Qantas Airways Ltd. sent its last 747 home to the U.S. last week, and has already suspended its stable of A380s.Among the 15 operators of the A380, which entered service less than 13 years ago, only Emirates has been operating flights in anything close to a normal fashion, according to data from aircraft-tracking site Flightradar24. Out of its 115 such planes — about half the global fleet — just a dozen have been flying to and from Europe over the past month or so, as limited traffic has trickled back. China Southern Airlines Co. has also been running a limited service with its five A380s.However, the vast majority of the planes — worth some $50 billion, if valued at about half of their list prices — have been stuck on the tarmac, possibly permanently. Qatar Airways QCSC has speculated that its A380s may never return, while Deutsche Lufthansa AG has made similar noises.By the time the long-haul routes for which the A380 was designed return to normal in 2024 or so, about half the fleet will be at least a decade old and well on the way toward retirement. Singapore Airlines Ltd., the biggest operator after Emirates, said in first-quarter results that it may write down “older generation aircraft” such as its A380s by around $1 billion.It’s a similar picture with the 747. Of the 29 planes operated by Lufthansa — the largest passenger fleet, once British Airways’ jets have retired — just four have remained in regular operation since March, with a further four gradually returning to service over the past two months.Probably the most active operator of passenger 747s at this point is Aeroflot PJSC’s Rossiya Airlines, plus a handful of charter operators that run seasonal flights to holiday destinations and pilgrimage services to Saudi Arabia. Even there, though, foreign pilgrims at this year’s hajj will be confined to 10,000 people already in the country.The reasons for the decline of these jets aren’t hard to discern. Even at the best of times, it can be challenging to fill more than 400 seats at a time, and a plane with more than 20% of seats empty will typically lose money — and that’s before you start thinking about the costs of providing crew and destination accommodation for such vast aircraft.With the Boeing 787 and Airbus A350 able to achieve similar ranges using just two engines and smaller cabins, the economics of double-decker planes no longer make a lot of sense.U.S. airlines in particular have long since given up on the jumbo. They never bought a single A380, and last took delivery of a 747 a few months after the Sept. 11, 2001, attacks, when Northwest Airlines Corp. bought two before later going bankrupt and being taken over by Delta Air Lines Inc.There’s one area that’s been booming, however: freight. Air cargo typically takes up a substantial share of the belly space on passenger flights, but with borders closed to tourism, the semiconductors, high-value materials and consumer goods that typically travel beneath your feet have had to find a new route to market. Cargo traffic this year will be down just 17% from a year earlier, compared to 55% for passenger flights, according to the International Air Transport Association.That could provide a final chapter for the 747 — although not for the A380, which isn’t easily converted to cargo usage. Boeing’s jumbo is already a freight aircraft in all but name, with about two-thirds of the latest 747-800 variant being sold to freight carriers such as United Parcel Service Inc. and Cathay Pacific Airways Ltd.’s logistics arm. Even non-cargo aircraft can get in on the act: KLM has been carrying face masks and protective gowns on the seats of ordinary passenger aircraft pressed into pandemic freight service.That would be an appropriate end for grand planes often likened to ocean liners. Some of the most celebrated ships of the great age of sea transport ended their lives as coal hulks, quarantine centers and floating museums after aircraft rendered them obsolete. The ultimate fate of jumbo jets may be similarly prosaic: As workaday aircraft, shipping goods to a more home-bound global population. This column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.David Fickling is a Bloomberg Opinion columnist covering commodities, as well as industrial and consumer companies. He has been a reporter for Bloomberg News, Dow Jones, the Wall Street Journal, the Financial Times and the Guardian.For more articles like this, please visit us at bloomberg.com/opinionSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

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  • In China, airlines plug 'all you can fly' deals to pierce coronavirus clouds

    China Southern Airlines <600029.SS> <1055.HK> on Tuesday rolled out an 'all you can fly' pass, becoming the latest in a fleet of cash-strapped carriers to join a promotional craze that analysts say has helped revive a coronavirus-ravaged air travel market. At least eight of China's dozens of airlines have introduced similar deals since June, often priced around $500 for in some cases unlimited flights. The global aviation industry is keenly eyeing China as a pilot for air travel recovery trends, as the country reopened its economy months earlier than other places after managing to bring the pandemic mostly under control - at least for now.

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  • American Airlines (AAL) Catches Eye: Stock Jumps 11.2%

    American Airlines (AAL) saw a big move last session, as its shares jumped more than 11% on the day, amid huge volumes.

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  • U.S. will allow Chinese passenger carriers to fly two flights per week

    The U.S. Transportation Department said Friday it will allow Chinese passenger air carriers to operate two flights after Beijing said it would ease coronavirus restrictions to allow in more foreign carriers. On Wednesday, Washington said it planned to bar all Chinese passenger airlines from flying to the United States by June 16 due to Beijing's curbs on U.S. carriers. The revised order Friday cuts in half the four weekly round trip flights Chinese passenger carriers have been flying to the United States and take effect immediately.

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  • U.S. to revise Chinese passenger airline ban -sources

    The U.S. Transportation Department plans to issue a revised order in the coming days that is likely to allow some Chinese passenger airline flights to continue, government and airline officials said. On Thursday, China said it would ease coronavirus restrictions to allow more foreign carriers to fly to the mainland, shortly after Washington said it planned to bar Chinese passenger airlines from flying to the United States by June 16 due to Beijing’s curbs on U.S. airlines. The announcement should allow U.S. carriers to resume once-a-week flights into a city of their choosing starting on June 8.

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  • Spirit Airlines (SAVE) in Focus: Stock Moves 6.6% Higher

    Spirit Airlines (SAVE) saw a big move last session, as its shares jumped nearly 7% on the day, amid huge volumes.

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  • LATAM Airlines (LTM) in Focus: Stock Moves 7.1% Higher

    LATAM Airlines (LTM) saw a big move last session, as its shares jumped more than 7% on the day, amid huge volumes.

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  • China Southern Airlines Company Limited Just Missed EPS By 37%: Here's What Analysts Think Will Happen Next

    As you might know, China Southern Airlines Company Limited (HKG:1055) last week released its latest quarterly, and...

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  • China Southern Airlines Company Limited Files 2019 Annual Report on Form 20-F

    China Southern Airlines Company Limited ("ZNH" or the "Company") (NYSE: ZNH) The Company's annual report on Form 20-F for the fiscal year ended December 31, 2019 has been filed with the U.S. Securities and Exchange Commission ("SEC"), which can be accessed via the following link: https://www.sec.gov/Archives/edgar/data/1041668/000119312520121783/d860749d20f.htm.

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  • 5 Industrial Companies Boosting Book Value

    Norfolk Southern makes the list Continue reading...

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  • China Southern Airlines Company Limited Just Missed Earnings And Its EPS Looked Sad - But Analysts Have Updated Their Models

    Last week, you might have seen that China Southern Airlines Company Limited (HKG:1055) released its full-year result...

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  • If You Had Bought China Southern Airlines (HKG:1055) Stock A Year Ago, You'd Be Sitting On A 52% Loss, Today

    The nature of investing is that you win some, and you lose some. And there's no doubt that China Southern Airlines...

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  • Lenders brace for hard landing

    Lenders are reviewing their exposure to Asia's aviation sector amid an unprecedented freeze of global air travel aimed at curbing the spread of the coronavirus pandemic. Asia’s biggest airlines are drawing down on their credit lines and calling in government assistance to deal with the fallout. Singapore Airlines on Thursday became the latest to shore up its liquidity, courtesy of a S$15bn (US$10.5bn) equity raising underwritten by state investor Temasek Holdings and a S$4bn bridging loan from DBS Bank.

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  • Should You Buy China Southern Airlines Co Ltd (ZNH)?

    Coronavirus is probably the 1 concern in investors' minds right now. It should be. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW. We predicted that a US recession is imminent and US stocks will go down by at least 20% in the next 3-6 […]

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