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Shares are mostly higher in Asia after Wall Street got back to climbing following more encouraging profit reports and the latest signal that inflation is loosening its chokehold on the economy BANGKOK -- Shares were mostly higher in Asia on Monday after Wall Street got back to climbing following more encouraging profit reports and the latest signal that i NFL ation is loosening its chokehold on the economy. Sentiment also has been boosted by revived hopes for more stimulus from Beijing for the sluggish Chinese economy. Chinese factory activity contracted in July as export orders shrank, a survey showed, adding to pressure on the ruling Communist Party to reverse an economic slowdown. A purchasing managers’ index issued by the national statistics agency and an industry group improved to 49.3 from June’s 49 on a 100-point scale but was below the 50-point level that shows activity contracting. “The PMI surveys suggest that China’s economic recovery continued to lose momentum in July,” J...

At least 10 people were killed and nine were wounded when an apparent team of gunmen ambushed a car rally in Baja, Mexico, authorities said. At least 10 people were killed and nine were wounded when an apparent team of gunmen ambushed a car rally in Baja, Mexico, about 73 miles from the U.S. border , authorities said. The horrific attack unfolded just after 2 p.m. on Saturday in San Vicente, near Ensenada, on the Pacific coast of the Baja Peninsula, the Reuters news agency reported. The violence erupted during the last day of a two-day all-terrain car rally, local officials said. Video purportedly of the shooting was posted on social media, showing off-road vehicles lined up along a road and capturing the sounds of screams and numerous rounds of gunfire. Security-tight at the scene of a shootout where at least 10 people were killed and nine injured in northern Mexico's Baja California on May 20, 2023. Joatam de Basabe/Reuters Several people who appeared to have been shot were se...

Florida Gov. Ron DeSantis pitched a "positive alternative" to GOP voters in Iowa on Saturday while Donald Trump was forced to cancel his rally there due to weather. Florida Gov. Ron DeSantis, expected to soon launch a 2024 exploratory committee, was in Iowa Saturday pitching a "positive alternative" to Republican voters while former President Donald Trump's planned event was canceled due to weather. DeSantis and Trump, the two top names in the GOP presidential primary field, were both set to be in Iowa this weekend, which would've marked the first time the two were in the critical state simultaneously this election cycle. But Trump announced Saturday afternoon his rally in Des Moines was canceled due over tornado threats, stating in a post to Truth Social he would "reschedule soon." Supporters of former President and Republican presidential candidate Donald Trump pose for pictures after his campaign rally was postponed due to severe weather, in De...