China’s bitcoin mining ban of June 2021 might have backfired, being now a vivid proof of the network’s strength. Collected data reports an important regrowth within China itself. It seems like even th...
Tag: China
Bitcoin production roars back in China
China’s portion of the worldwide bitcoin mining limit plunged to focus in July after specialists sent off a new crackdown on cryptographic forms of money A few underground mining tasks have since aris...
The Biggest Companies Making The Least Money [Infographic]
Major companies with billions of dollars in revenue are moneymakers earning their investors and stakeholders fortunes. Unless—the opposite happens and they become money pits devouring unfathomable amo...
Snap Snags Growth Stocks While NetEase And Kuaishou Beat Expectations
China Last Night KraneShares Key News Asian equities curbed the enthusiasm we saw in US equities yesterday as only Indonesia managed a positive day. Asian growth stocks were hit hard following Snap’s ...
Airbnb to Close Domestic Business in China amid Strict Covid Policies
The company will maintain an office in Beijing with hundreds of employees to serve Chinese outbound travel. Vacation rental company Airbnb Inc (NASDAQ: ABNB) is shutting down its domestic business in ...
What Does ‘Friend-Shoring’ Mean For Asia
(L to R) Australian Prime Minister Anthony Albanese, U.S. President Joe Biden, Japanese Prime … [+] Minister Fumio Kishida and Indian Prime Minister Narendra Modi attend the Japan-U.S.-Australia...
Beat The Market By Investing In Freedom – And Shunning Places Like Russia And China
When Russia’s invasion of Ukraine sent most emerging-markets funds plummeting, Perth Tolle’s Freedom Index Fund avoided most of the carnage—because economies run by despots will never be on her buy li...
Robert Kuok’s Kerry Properties Sells Hong Kong Warehouses To China Resources For $588 Million
Robert Kuok Nora Tam/SCMP Kerry Properties—controlled by Malaysia’s richest person Robert Kuok—has agreed to sell two of its warehouses in Hong Kong to China Resources Logistics, a unit of state-owned...
Shipping Stocks: Red-Hot Star Bulk, Diana Shipping Report Amid Shortages, China Curbs
Commodities ocean shippers Diana Shipping (DSX) and Star Bulk Carriers (SBLK) report first-quarter earnings on Tuesday. Both shipping stocks rose ahead of the results, and Diana Shipping was in a buy ...
Dow Jones Jumps As Biden Says This On China; JPMorgan Chase Leads Bank Stocks Higher
The Dow Jones Industrial Average rallied on comments by President Joe Biden, with Apple (AAPL) one of the top performers. JPMorgan Chase (JPM) led bank stocks higher after the firm gave bullish guidan...
Why China will likely recover more slowly from the latest Covid shock
As Shanghai tries to reopen businesses, one downtown district over the weekend banned residents from leaving their apartment complexes again for mass virus testing. Pictured here, in another district ...
China oil demand must remain weak or we will have tough summer: IEA
Speaking to CNBC on Monday, the executive director of the International Energy Agency spoke about the intricacies of the energy transition and the competing challenges that will need to be balanced in...
Mainland Markets Shrug Off Headlines
China Last Night KraneShares Key News Asian equities were mixed overnight as President Biden visited the region. On the positive side, US tariffs on Chinese consumer goods might be cut. Also, Australi...
Record Food Costs Throw Spotlight on How China Will Feed Itself
(Bloomberg) — China has been long obsessed with finding ways to ensure there is enough food for its population, and with good reason. Most Read from Bloomberg With almost a fifth of the world’s ...
China Can’t Seem to Stop Bitcoin Mining
In theory, miners turn off their machines whenever bitcoin prices drop significantly, and it becomes unprofitable to keep them running. This time, even though hashprice has decreased, we haven’t seen ...
Bank of China reports a trading volume of US$43 mln digital Yuan in the first month
As of May 15, the People’s Bank of China’s local office reported 288 million yuan (US$43 million) in total digital yuan trading volume across 1.576 million transactions in China’s southwestern municip...
The Coming Global Recession, Helped By Europe’s ‘Green War’ With Russia
Much of today’s economic woes can be blamed on the pandemic and China supply chain. But Europe and … [+] Russia’s energy war over Ukraine is adding fuel to the fire. getty The “adult...
Hedge Fund Up 138% This Year Is Turning Bullish on China Stocks
(Bloomberg) — A fund manager who made triple-digit gains by hedging risks in Chinese equities is now turning bullish on mainland shares. Most Read from Bloomberg Zhao Yuanyuan’s fund at the 500 ...
Do Kwon faces legal troubles in Korea, China remains a top contributor to Bitcoin mining, and Ethereum eyes ‘huge testing milestone’ ahead of merge: Hodler’s Digest, May 15-21
Coming every Saturday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, pr...
Apple Reportedly Aims To Ramp Up Production Outside China Due To Covid Restrictions
Topline Apple is working to increase production of its products outside China, according to the Wall Street Journal, in an attempt to reduce reliance on the nation, where strict Covid restrictions hav...
Xpeng Earnings: XPEV Stock On Deck As China Lockdowns Threaten EV Boom
Xpeng (XPEV) prepares to report Monday for the first quarter, with Nio (NIO) on deck, after Li Auto (Li) gave weak revenue and delivery guidance. X All three Chinese EV startups aspire to shake Tesla&...
Oil Prices Under Pressure As China Considers Russian Crude
China added some downward pressure to oil prices this week when it clearly signaled its intent to buy more discounted Russian oil. Between China and India, Russia is racing to pivot towards Asia as th...
Boeing MAX is unlikely to fly in China anytime soon; Should you sell BA stock?
Boeing’s (NYSE: BA) 737 MAX aircraft will likely not be flying over Chinese skies any time soon. On Friday, May 20, China Eastern Airlines (NYSE: CEA) outlined modifications and further pilot training...
Don’t Take Your Freedom For Granted
Out from Shanghai: Automobility CEO Bill Russo returned home to Reno, Nevada this month. Bill Russo American businessman Bill Russo has a long record of success in China. The 18-year veteran in the co...
China Covid Lockdowns Threaten To Fuel U.S. Inflation As Economic Pessimism Grows
Topline As rising cases in Shanghai threaten further lockdowns in the region, experts are warning China’s pandemic crackdown measures this spring could be the latest headwind for the U.S. econom...
Stephen Roach gives stagflation warning, calls peak inflation absurd
Stagflation is making a comeback, according to former Morgan Stanley Asia chairman Stephen Roach. He warns the U.S. is on a dangerous path that leads to higher prices coupled with slower growth. ̶...
LPR Cut & WHO Approval Of China Vaccine Catalyze Markets, Week In Review
China Last Night KraneShares Week in Review It was yet another choppy week of trading for Asian equities, which mirrored the US. However, both Hong Kong and Mainland China were up for the week. China ...