china Donald Trump Dow Jones S&P 500 U.S. Market News 

US Stock Market Wobbles as China Trade Talk Sentiment Sours

The US stock market has been riding a wave of optimism stemming from optimism about a swift resolution to the ongoing US-China trade talks. However, President Donald Trump’s comments are now swinging from a “good chance” of an immediate deal to claims that he is “not in a hurry” to make one. Meanwhile, reports are breaking that further meetings between Washington and Beijing won’t happen until April, at the earliest, and the US stock market is not taking the news well. Dow Jones Futures Visibly React to Trade Deal Delay…

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china Dow Jones U.S. Market News United States 

$46 Billion Flows into Chinese Stock Market, Should Launch Dow Higher

  Following MSCI’s decision to increase the weight of Chinese onshore shares in its widely-cited emerging market index, over $46 billion is set to pour into the stock market of China, a move that could kick the ongoing Dow Jones recovery into an even higher gear. The SSE Composite, which tracks all stocks traded at the Shanghai Stock Exchange, has spiked from 2,464.36 points to 2,994 points since January 3, by more than 21 percent within a 2-month span. The SSE Composite sits just below 3,000 following its 21 percent…

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china Donald Trump Dow Jones U.S. Market News United States 

Dow Secures 9-Week Winning Streak, Roars Past 26,000

The Dow Jones Industrial Average rallied on Friday to rescue its nine-week winning streak, and the US stock market bellwether further crossed another milestone by edging across the 26,000 mark minutes prior to the closing bell. Dow Creeps Higher for Ninth Consecutive Week The Dow Jones Industrial Average has climbed for nine consecutive weeks. The Dow’s weekly winning streak had been in doubt just one day prior, when the index fell more than 103 points to push it below last Friday’s close at 25,883.25. However, the Dow and its sister indices…

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china Donald Trump Huawei Naguib Sawiris U.S. Business News 

Egyptian Billionaire Naguib Sawiris Defends Trump’s Trade War, Blasts China for ‘Raping Us’

In what is bound to be pleasing to the ears of U.S. President Donald Trump, Egyptian billionaire Naguib Sawiris has sided with the hardline stance that the leader of the world’s largest economy has taken amid the ongoing U.S.-China trade war. Speaking with CNBC, Sawiris agreed with Trump’s well-known sentiment that China has been taking advantage of the United States and other countries. “President Trump is right about that: This has been a long time where we closed eyes on China raping us.” Sawiris has expressed his fondness for Trump…

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apple Business china Steve Jobs 

Will Apple Put Steve Jobs’ Legacy at Risk if it Tailors Products for the Chinese Market?

Apple co-founder Steve Jobs cultivated a streamlined strategy that focused on a few products suited for all its markets. The iPhone maker may, however, have to change in order to regain the growth momentum it has lost in China. Currently, analysts and ex-employees hold the view that Apple’s streamlined strategy has failed the tech giant in China, The Wall Street Journal reports. This is because the approach has left the company unable to adapt to the local user habits and preferences. Sales of the iPhone Falling by Double Digits in…

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china Companies Elon Musk Gigafactory Tesla 

Elon Musk Has Only 4 Weeks to Rally Tesla Stock or Pay $920 Million on Bonds

Tesla will be presenting its reports for the fourth quarter once the trading bell goes off today, January 30, 2019, in a make or break moment for a company that is already going through a lot. After the company posted a blowout third quarter for last year, with profits exceeding Wall Street expectations and revenues reaching almost $7 billion in total, it is widely anticipated that the automobile giant will pull back a bit in Q4 2018 due to bond payments. Today’s report will reveal the financial health of the company,…

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Business china Donald Trump United States 

Why Trump’s Trade War Hasn’t Stopped US Venture Capital from Piling into China

Though US President Donald Trump has locked the country in a trade war with China, that hasn’t stopped US venture capital from piling into the world’s second-largest economy. | Source: Nicolas Asfouri/AFP President Donald Trump and the US government are neck-deep in a trade war with China. Yet US businesses and investors pushed more venture capital investment into China in 2018 than ever before. Though Trump has added tariff after tariff on the country, America’s private sector doesn’t appear to share the same urge to punish or restrict the growth…

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apple china Stock News tim cook 

Rocked by China, Apple Shares Plunge to Lowest Mark in 18 Months

Apple stock plunged to its lowest point since July 2017 on January 2, fueled by an alarming drop in iPhone and iPad demand from China, whose economy is eroding. This caused a 300-point drop in Dow Futures, as CCN reported. As of this writing, AAPL was trading at $144.12 a share, down 8.7% from yesterday’s closing price of $157.92. Trading volume was heavy, suggesting a mass sell-off could be in the making. Apple shares (AAPL) tumbled 9% on January 2, after CEO Tim Cook revised the company’s first-quarter outlook downward…

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china Dow Jones Huawei Stock News Tesla United States 

US-China Trade War Sees No Progress, Trouble For the Dow Jones?

Following the arrest of Huawei CFO Meng Wanzhou in Canada, the U.S. government has filed two criminal charges against Chinese nationals for allegedly stealing sensitive information from Western businesses, intensifying the trade war between the U.S. and China that may ultimately place more pressure on the falling Dow Jones. On December 21, Adam Segal, a cybersecurity expert at the Council of Foreign Relations, said that the Chinese government is unlikely to respond with an immense reaction, given that no sanctions were imposed against China or the Chinese nationals involved in…

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Bitcoin Cash Bitcoin News in Review Bitcoin SV china facebook HTC UnitedCorp 

Bitcoin Cash Drama & a[nother] Blockchain Phone

The Bitcoin price grabbed the headlines this week, once again plunging to a new yearly low and placing the crypto market on the brink of sinking below the $100 billion level for the first time in 2018. However, there was much more than price action afoot, and, per the usual, much of it involved drama in the Bitcoin Cash camp. Lawsuit Takes Aim at Bitcoin Cash Backers Another week, another lawsuit. This week saw the launch of a groundbreaking lawsuit against the proprietors of Bitmain and, Jihan Wu and…

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