Dow Stuck in No Man’s Land as Trump Scrambles to Strike China Trade Deal

The Dow and broader U.S. stock market trended lower on Wednesday, as President Donald Trump set his sights on a comprehensive trade agreement with China. At this stage, a China trade deal is the only thing that can help save the current two-month rally for stocks Dow Trades Lower; S&P 500 and Nasdaq Follow Wall Street’s major indexes opened slightly higher on Wednesday but quickly reversed course, mirroring a choppy trading session for Dow futures. The Dow Jones Industrial Average was down by as much as 100 points before paring losses – only to slip once more. As of 11:41

The post Dow Stuck in No Man’s Land as Trump Scrambles to Strike China Trade Deal appeared first on CCN

News – CCN

China banned 23 million people last year from buying plane/train tickets because their social credit scores were too low. That is just the start. Now tell me again the “benefits” of Facebook or JP Morgan coin over bitcoin. Do they really outweigh that dystopian future?

China banned 23 million people last year from buying plane/train tickets because their social credit scores were too low. That is just the start. Now tell me again the "benefits" of Facebook or JP Morgan coin over bitcoin. Do they really outweigh that dystopian future? submitted by /u/Smilinmong
[link] [comments]

Bitcoin – The Currency of the Internet

US China Trade Deal Optimism Will Spark Massive Dow Jones Rally

The Dow Jones and the rest of the U.S. stock market are expected to initiate strong rallies in the upcoming weeks as the confidence of investors in the prospect of a comprehensive deal between the U.S. and China grows. On Friday, several sources including The Wall Street Journal reported that the Trump administration is set to extend the suspension on tariffs from March 1 to May 1, by 60 days. The intent of the U.S. government to postpone the deadline of the trade deal demonstrates the willingness of both countries to achieve a full agreement in the upcoming months. Reports

The post US China Trade Deal Optimism Will Spark Massive Dow Jones Rally appeared first on CCN

News – CCN

Amazon’s Flailing China Unit Plots Major Merger to Challenge Alibaba

Talks are underway to merge Amazon’s Chinese venture with NetEase-owned Kaola, according to business publication Caijing. Kaola is a Chinese e-commerce firm which specializes in selling imports. The business publication added that an agreement had been inked late last year amidst difficult negotiations. NetEase is listed on the Nasdaq and boasts a market cap of slightly over $ 30 billion. Besides Kaola, the Chinese tech giant also develops internet content, including games for personal computers and mobile devices. Amazon China Chooses to Compete in a Niche Rather than Target Alibaba Directly Currently, Kaola is the biggest Chinese e-commerce firm that deals

The post Amazon’s Flailing China Unit Plots Major Merger to Challenge Alibaba appeared first on CCN

News – CCN

Euphoric Dow Plows to 365 Point Gain after Trump Talks up China Trade Deal

The Dow and broader U.S. stock market surged to more than three-month highs Friday following the release of a White House memo that described trade talks with China as “detailed” and “progressive.” Negotiators from the Trump administration and China are scheduled to resume talks next week in Washington. DOW SPIKES; S&P 500, NASDAQ FOLLOW The Dow Jones Industrial Average surged by as much as 368 points Thursday morning, as traders overcame a volatile pre-market session for U.S. stock futures. At last check, the Dow 30 index was trading near its peak, having gained 365 points, or 1.4%, to 25,804.44. The

The post Euphoric Dow Plows to 365 Point Gain after Trump Talks up China Trade Deal appeared first on CCN

News – CCN

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 in previous interviews. Sawiris Sides with Trump on Trade War,

The post Egyptian Billionaire Naguib Sawiris Defends Trump’s Trade War, Blasts China for ‘Raping Us’ appeared first on CCN

News – CCN

Facebook is so Dominant it Earned $5 Billion in China in 2018 – a Country Where It’s Banned

In what can only be further evidence of the global reach of Facebook, reports show that the social media platform earned $ 5 billion in revenue from China. Yet Facebook has been prohibited in China since 2009. Facebook’s Fifth Largest Market, Surprisingly, is China According to reporting by TheStreet and a research note from Pivotal, it’s estimated that Facebook made anywhere between $ 5 billion and $ 7 billion from Chinese advertisers. This figure is about 10% of Facebook’s 2018 revenue. Facebook’s 2018 filing confirms that revenue came from resellers “representing advertisers” based in China. Facebook apparently has an unofficial Chinese office, through

The post Facebook is so Dominant it Earned $ 5 Billion in China in 2018 – a Country Where It’s Banned appeared first on CCN

News – CCN

Is Kudlow Shorting the Dow? Stock Market Plunges as Top Trump Adviser Says US & China ‘Miles’ Apart on Trade

The Dow’s mid-week sell-off took an even steeper turn on Thursday after White House economic adviser Larry Kudlow broke from the Trump administration talking point that the United States and China are close to reaching an agreement to end the trade war before new tariffs kick in at the beginning of March. Kudlow: US & China ‘Miles’ Apart on Trade Deal Speaking with Fox Business, Kudlow — who has served as US President Donald Trump’s Director of the National Economic Council since 2018 — said that that world’s two largest economies had a “pretty sizable distance” to cover before they

The post Is Kudlow Shorting the Dow? Stock Market Plunges as Top Trump Adviser Says US & China ‘Miles’ Apart on Trade appeared first on CCN

News – CCN

Tesla Starts Selling the Cheaper Model 3 in China [But Import Duty and Other Costs Still Makes it Expensive]

Tesla has begun taking orders for a cheaper version of the Model 3 in China. The electric car maker will now start selling the Model 3 Long-Range rear-wheel drive version marked at $ 64,400, Reuters reports. This is significantly cheaper than the Model 3 Performance which was already available in China starting at $ 83,000. In the United States, the same car starts at about $ 63,000. Import Duty Comprises a Big Chunk of the Cost of a Tesla in China Part of the reason for the difference in price is the import duty imposed by China on cars manufactured abroad. After the U.S.-China

Tesla Starts Selling the Cheaper Model 3 in China [But Import Duty and Other Costs Still Makes it Expensive] by CCN

News – CCN