china Joe Biden Op-ed Politics 

Joe Biden’s China Gaffe Betrays Utter Economic Ignorance

At a recent campaign stop, Joe Biden balked at the idea that China competes with U.S. businesses. The apparently-clueless former vice president actually pointed to disadvantages in the geography of China’s territorial land. He also made a glib reference to corruption in Chinese society. As if the most hallowed halls of the American government and economy weren’t rotten to the core. As if the Obama administration had actually punished Wall Street for all that corruption fat-cat bankers wrought in 2008. Joe Biden on China: ‘They’re Not Competition’ for United States…

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Blockchain News china Christine Lagarde Crypto donald tapscott regulation renminbi 

China to One Day Turn RMB into a Crypto, Claims Blockchain Author

Get Exclusive Analysis and Investing Ideas of Future Assets on Join the community today and get up to $400 in discount by using the code: “CCN+Hacked”. Sign up here. Get Exclusive Analysis and Investing Ideas of Future Assets on Join the community today and get up to $400 in discount by using the code: “CCN+Hacked”. Sign up here. By CCN: Perhaps no country has tried harder to snuff out bitcoin than China. After putting the kibosh on ICOs, the government banned crypto exchanges and now they’re targeting bitcoin…

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bitcoin Bitcoin Mining Bitcoin Price News bitmain china 

China’s Proposed Bitcoin Mining Ban Could Snap Crypto Rally Dead

Get Exclusive Analysis and Investing Ideas of Future Assets on Join the community today and get up to $400 in discount by using the code: “CCN+Hacked”. Sign up here. Get Exclusive Analysis and Investing Ideas of Future Assets on Join the community today and get up to $400 in discount by using the code: “CCN+Hacked”. Sign up here. A Chinese government report has outlined a plan to kill bitcoin mining within its borders. The report, issued by the National Development and Reform Commission (NDRC), lists cryptocurrency mining as…

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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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