Dow Surges 443 Points: Here’s What Xi Jinping Said That Lit the US Stock Market on Fire

On February 15, the Dow Jones surged by 1.74 percent, adding 443.86 points. Within less than 1 month, the Dow Jones has recovered from 24,065 points to 25,883 points, by a staggering 7.6 percent. Analysts were uncertain how the Dow Jones would react to the reported plans of the Trump administration to delay the U.S.-Chian trade deal deadline by 60 days to May 1. The prospect of a comprehensive trade deal may have significantly improved in the last 24 hours. Reports claimed corporate China has begun to face an increasing number of defaults, Didi plans to lay off 2,000 employees,

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Shut up, Nocoiner: Why We Don’t Need to ‘Burn Bitcoin with Fire’

Over nine months ago, the Berkeley International Computer Science Institute streamed Nicholas Weaver’s talk entitled “Blockchains and Cryptocurrencies: Burn it With Fire.” This week, he summarized the argument at the Enigma security conference. Ars Technica decided to cover the Bitcoin-bashing talk. Nicholas Weaver: Most People Have Had Their Hot Wallets Stolen A nocoiner of the highest order, there is nothing about blockchain or cryptocurrencies that Nicholas Weaver likes. According to reporting in Ars Technica, most everyone who has ever held crypto “will almost inevitably say their wallet has been stolen.” The reader should note that there is no evidence to

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China’s Stocks Are on Fire Despite Slowest GDP Growth in Nearly 30 Years

Despite official 2018 GDP figures showing that the Chinese economy grew last year at its slowest pace in 28 years, some of China’s largest stocks continue to perform at market-leading levels, led by tech quartet Tencent, Baidu, Sina and Alibaba. According to the data released by Beijing on Monday, China recorded a GDP growth rate

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Elon Musk under Fire: Why GM Could Pass Tesla as Most Valuable US Car Maker

Billionaire Elon Musk must be feeling the heat now that General Motors appears on track to surpass Tesla to become the most valuable US car maker for 2019. Tesla’s stock price plunged more than 12% Friday (Jan. 18) on heavy trading volume — suggesting a sell-off is in the making. As of this writing, TSLA shares

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Bitcoin retreats from $10000, comes under fire from Berkshire's Buffett and Munger

Cryptocurrency prices begin the week on the back foot as the No.1 digital currency continues to struggle ahead of the key $ 10,000 level. After reaching a weekend high of $ 9,954.95, the price of a single bitcoin BTCUSD, -2.25% slumped back below $ 9,500. However, one technical expert expect the …
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