Futures linked to the tech-heavy Nasdaq tumbled on Monday as the overwhelming popularity of an inexpensive Chinese artificial intelligence model sparked a selloff in AI-related shares, with megacap …
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Global Tech Stocks Plunge as China’s DeepSeek Undercuts Rivals
Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world …
AI crypto market cap slips under $40B as China’s DeepSeek rattles investors
AI cryptocurrencies endured a bloodbath on Monday, plunging by double-digits on their daily charts as Bitcoin dropped below $100,000. The market capitalization of all AI tokens crashed by 13.7% in the …
China’s Economy Stumbles in Sign Rebound Hinges on More Stimulus
China’s economic activity unexpectedly faltered to start the year, breaking the momentum of a recovery sparked by stimulus measures and underlining the need for Beijing to do more to prevent another …
China’s economy loses momentum ahead of new year holiday
The official manufacturing purchasing managers’ index fell to 49.1, the lowest since August, missing economists’ forecast for a modest expansion.
China PMI surprises as factory activity contracts in January; December industrial profits jump
The official purchasing managers’ index for January came in at 49.1, data released by the National Bureau of Statistics on Monday showed.
China urges state-backed funds to buy more stocks amid market slump, falling bond yields
China’s financial regulators on Thursday unveiled a slew of measures to urge large state-owned mutual funds and insurers to purchase more A-shares.
Altcoins to buy: 4 crypto to buy ahead of Chinese New Year
China will start its New Year celebrations this week. The transition to the new year may be a good period for many Chinese to start buying and selling digital coins. China has already banned …
China bans livestock product imports from numerous countries on disease worries
China has prohibited imports of sheep, goat, poultry and even-toed ungulates from African, Asian and European countries due to outbreaks of livestock diseases such as sheep pox, goat pox and …
Trump Sets Plans for a 10% China Tariff Hike by February
American consumers will soon be paying more, economists predict in response to Trump’s new proposed tariffs on goods from China, Mexico, and Canada.
How China’s DeepSeek AI threatens Trump’s $500bn Stargate project and NVIDIA’s stock
The US President announced the US is competing with China following a huge investment into the future of AI during his week in office.
China’s Economy Loses Momentum Ahead of Major New Year Holiday
China’s factory activity unexpectedly slowed ahead of China’s Lunar New Year holiday and the services sector cooled, signs stronger fiscal stimulus is needed even after a recent stimulus push.
China Jan manufacturing activity unexpectedly contracts, hits five-month low
China’s manufacturing activity unexpectedly contracted in January, an official factory survey showed on Monday, its weakest since August, keeping alive calls for stimulus in the world’s second-largest …
