Futures are pointing to a lower open for major indexes on Wednesday as chip stocks slide amid concerns about export restrictions to China.
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America is turning away China’s goods. Where will they go instead?
Once turned away, where will China’s exports to America go instead? As supply chains adjust, firms will expand abroad to qualify for lower tariffs, as many did in Mr Trump’s first trade war. Less scrupulous…
China’s local authorities liquidate seized crypto to support public finances amid economic slowdown
Chinese local governments liquidate seized crypto assets to bolster public finances, navigating regulatory challenges amid digital crimes.
China’s Xi inks Vietnam deals as tariff war deepens; Trump says they’re trying to ‘screw’ US
China and Vietnam signed dozens of deals this week amid the U.S.’ global trade war in what President Donald Trump says is an attempt to “screw” Washington.
Nvidia Says U.S. Implements Chip Export Restrictions to China, Warns of $5.5 Billion Charge
The U.S. government ”indicated that the license requirement addresses the risk that the covered products may be used in, or diverted to, a supercomputer in China,” Nvidia said.
TikTok vs Trump: Are Chinese factories telling the truth about luxury brands?
In recent weeks, dozens of videos have gone viral, showing Chinese factory workers and influencers claiming that many luxury goods from Louis Vuitton handbags to Lululemon leggings are manufactured in …
Stock Market Today: Tech Stocks Fall After U.S. Tightens Curbs on Nvidia’s China Exports
Trump’s tariffs continue to impact global markets and fuel a trade war with China. Follow along for live updates on the Dow, S&P 500 and Nasdaq.
Alibaba-backed Zhipu AI preps IPO, first among China’s top six AI unicorns
Zhipu AI, one of China’s leading foundational model startups, has kicked off preparations for an IPO, making it the first of China’s six AI unicorns to …
Nvidia takes $5.5 billion hit as US clamps down on its China chips
Nvidia says it will take a $5.5 billion financial hit after Washington placed fresh restrictions on the export of its H20 artificial intelligence chips to China, in the latest escalation of a growing battle for…
China Debates Pocketing Crypto Crime Proceeds While Keeping It Illegal
China is reviewing laws to prevent corruption in handling seized crypto assets. A national crypto ban since 2021 has forced authorities to rely on private …
Crypto Market Update: Bitcoin & Others Slip As Trump Imposes Up To 245% Tariff On China
The crypto market slumps as Trump’s 245% tariff on China sparks concern, with Bitcoin and other top altcoins falling between 3% and 7%.
China Q1 GDP growth tops expectations, but US tariff shock looms large
GDP growth beat expectations, underpinned by solid consumption and industrial output even as policymakers brace for the impact of U.S. tariffs.
Bitcoin, Crypto Slide As Nvidia Stock Plunges 7% On $5.5 Billion China Hit Ahead Of Powell Speech
Bitcoin tumbled and Nvidia shares plunged 7% in the last 24 hours ahead of Jerome Powell’s speech later today.
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