Bitcoin’s price tumbled Friday following an intensified call from Chinese authorities to crack down on mining and trading of the cryptocurrency. Chinese Vice Premier Liu He and the State Council said in a statement that tighter regulation is needed to protect the financial system. The statement, released late Friday in China, said it is necessary […] Read more
Chinese consumers are cooling on the iPhone, according to a new report by Credit Suisse analysts. iPhone shipments in China dropped 35.4% in November compared to the same time last year, the analysts wrote in a note Thursday, despite a slight increase in the Chinese smartphone market at the same time. The analysts said Chinese […] Read more
It works like a charm — every time the Trump administration touts positive development on trade with China, stocks spike. The Dow Jones Industrial Average surged more than 150 points to a new all-time high on Friday after White House economic advisor Larry Kudlow said the two countries were “getting close” to reaching a trade […] Read more
