The total crypto complex was down over $200 billion on Monday and bitcoin was registering solid losses, imperiling a potential bullish formation in …
Monthly Archives For September 2021
He pushed Uber out of China. Then he got too big for Beijing
Cheng Wei built a world-class ride-hailing app that not even Uber could keep up with in China. But Didi’s risky play for expansion and dominance — culminating in a disastrous IPO this summer — has…
China Faces ‘Lehman Moment’ With Evergrande Collapse, So What Are The Risks?
Lehman moment’ or managed failure? Either result has global markets rattled by the impending default of property developer China Evergrande.
Cheng Wei: This risk taker pushed Uber out of China. Now he might be too big for Beijing
Cheng Wei built a world-class ride-hailing app that not even Uber could keep up with in China. But Didi’s risky play for expansion and dominance — culminating in a disastrous IPO this summer — has…
Evergrande’s looming default is spooking markets, but three top analysts say this isn’t China’s ‘Lehman Brothers moment’
Michael Burry of ‘Big Short’ fame is among those worried about the Chinese property giant, but analysts say its collapse would have limited global impact.
Trump’s top military adviser did no go ‘rogue’ in secret calls to China: Book
Former President Trump’s top military adviser was “not going rogue” when he held secret phone calls with his Chinese counterpart before and after the 2020 election, Washington Post reporters Bob …
Dow futures skid 500 points as China property fears grow
U.S. stock futures fell sharply on Monday, with those for the Dow Jones Industrial Average tumbling 500 points, as Hong Kong-listed property companies came under fresh pressure. Investors also were …
‘China’s Lehman crisis’ Beijing facing financial crash with collapsing property market
A MASSIVE economic crash is looming in China that could reverberate across the globe after $300 billion real estate debt and Beijing’s efforts to suffocate the nation’s tech sector.
China debt concerns mounting as Beijing shifts attention to hidden local government financing
Concerns are mounting over how local governments in China will pay back so-called hidden debts raised through self-issued bonds, especially as Beijing is increasing controls to prevent a meltdown in …
Stock market news live updates: Stock futures sink amid China’s Evergrande default risk, debt ceiling debates
U.S. stock futures sold off Monday morning, tracking declines in overseas equities as investors nervously eyed the potential ripple effects of the default of a major Chinese real estate company and …
What ‘Bear Traps Report’ editor thinks of China’s Evergrande, crypto and more
CNBC’s “Squawk Box” team discusses the market sell-off and what’s happening in China with Larry McDonald, editor of The Bear Traps Report.
Bitcoin Falls Below $45,000 as Global Market Rout Infects Crypto
Cryptocurrency prices slumped as a broad selloff sparked by worries about contagion from China Evergrande Group swept through global markets. Bitcoin dropped 7.3% to $44,127 as of 7:33 a.m. in New …
Kids in China banned from watching TikTok for more than 40 minutes
People under 14 will also be blocked from using Douyin, the Chinese version of TikTok, between 10 p.m. and 6 a.m.
