Check out the companies making headlines before the bell: Foot Locker (FL) – The athletic footwear and apparel retailer reported an adjusted quarterly profit of $1.60 per share, 5 cents above estimate...
Tag: China
Inflation in Canada and US, Russia’s Crumbling Economy, and Tech Stocks Underperforming in China – crypto.news
Inflation fears continue to rise in the US as stocks fall sharply, losing earnings, and growth stagnates. This is the most significant daily drop in US stocks in over two years. Bloomberg noted that i...
Alibaba Leads Chinese Tech Stocks Into Another Slump. Why More Pain Could Come.
Text size Alibaba stock is down almost 30% this year. Greg Baker/AFP via Getty Images Chinese tech stocks can’t catch a break. Overseas markets have followed Wall Street lower on Thursday after the ug...
China Stocks Face Big Risk as Thousands of Hedge Funds Near Point Where They Have to Dump Shares
(Bloomberg) — China’s almost-trillion dollar hedge fund industry risks worsening the turmoil in its stock market as deepening portfolio losses trigger forced selling by some managers. Most Read ...
A Non-Alcoholic Baijiu Enters The Fray
Baijiu is the world’s most consumed spirit. Now, a non-alcoholic iteration plans to expand it’s … [+] presence. Lyre’s Lyre’s, the world’s most valuable non-alcoholic spirits b...
Bitcoin mining make a comeback in China after getting “will-smithed” by reality
The BTC mining comeback in China, according to CCAF, is due to a considerable amount of underground mining activity using off-grid electricity and scattered small-scale operations. BTC mining is accep...
Mainland Outperforms As Tencent Weighs On Hong Kong
China Last Night KraneShares Key News Asian equities had a rough night except for China and Indonesia, which both managed small gains. Hong Kong internet stocks were off following Tencent’s modest fin...
Kohl’s, BJ’s Wholesale, Spirit and more
Check out the companies making headlines before the bell: Kohl’s (KSS) – Kohl’s reported adjusted quarterly earnings of 11 cents per share, well short of the 70-cent consensus estimate. Re...
China Eases Covid Testing Requirements For U.S. Travelers, Shanghai Inches Towards Reopening
Topline Chinese authorities have eased Covid-19 testing requirements for travelers flying from the U.S. and a few other countries as China seeks to restore normalcy after its economy was hit by pandem...
China makes a comeback in the Bitcoin mining scene
New Bitcoin (BTC) mining data from the Cambridge Centre for Alternative Finance (CCAF) has revealed that China has resurfaced as a leading mining hub. This resurgence comes after the country banned BT...
Tencent Profit Plunges 51% Amid China Covid Surge, Revenue Flat
Signage for Tencent Holdings atop an entrance to an office building in Shanghai last month. … [+] Photographer: Qilai Shen/Bloomberg © 2022 Bloomberg Finance LP China Internet heavyweight Tencen...
Does China Still Control 21% Of Bitcoin Mining Hashrate Globally? New Data Highlights
Cambridge Centre for Alternative Finance, or CCAF’s collected data, China still accounts for a considerable Bitcoin mining hashrate. The country banned cryptocurrencies and their mining last yea...
Tencent’s Q1 Misses The Mark, Dr. Kissinger Talk Notes
China Last Night KraneShares Key News Asian equities followed US stocks higher on light volumes as China and India posted small losses. Hong Kong internet stocks were off despite good results from JD....
Bitcoin Hashrate: china regains second place in mining
Last year’s ban on Bitcoin mining in China had brought the country’s overall hashrate to virtually zero. The history of Bitcoin mining in China After an initial period of fear, Chinese miners slowly ...
As McDonald’s Exits Russia, China, Turkey, Brazil And India Step-In
McDonald’s opened in Moscow in 1990 but now it is one of the first Western brands to confirm that … [+] its exit is permanent. (Photo by Peter Turnley/Corbis/VCG via Getty Images) Corbis/V...
China is second-biggest bitcoin mining hub as miners go underground
By September 2021, China made up just over 22% of the total bitcoin mining market, according to Cambridge University research. Paul Ratje | The Washington Post | Getty Images Bitcoin miners aren’...
Goldman Sachs cuts its China GDP forecast on Covid controls
Since March, mainland China has struggled to contain its worst Covid outbreak in two years. Notably, the metropolis of Shanghai, pictured here on May 18, only started this week to begin discussing res...
New Data Shows China Still Controls 21% Of The Global Bitcoin Mining Hashrate
China is back with a vengeance. The Cambridge Centre for Alternative Finance, or CCAF, collected data “spanning the period from September 2021 to January 2022” for their latest study. The headline is ...
Massive Underground Mining Operations Active in China, Cambridge Data Reveals
Major Bitcoin mining operations may have persisted underground in China, despite the ban on the practice last year, according to recent data from Cambridge University. About 20% of Bitcoin’s total has...
DOJ Sues Casino Mogul And GOP Megadonor Steve Wynn To Register As Agent For China
Topline The Department of Justice on Tuesday filed a lawsuit against casino billionaire and former Republican National Committee finance chair Steve Wynn that would force him to register as a foreign ...
Seaweed could be a vital ingredient in the fight against climate change
Like many coastal communities around the world, people living by the sea in the United Kingdom have harvested and consumed seaweed for centuries. In Wales, Welsh laverbread — made from cooking a type ...
Underground Bitcoin Mining Pushes China to 2nd Spot in Terms of Hashrate, Study Reveals
The ban on cryptocurrency mining by the Chinese government has not shelved mining activities in the country. New data from the Cambridge Centre for Alternative Finance (CCAF), which publishes the Camb...
Strong air travel recovery in US, Europe, Latin America but Asia lags
International air travel has been making a strong recovery this year, with the exception of the Asia-Pacific region, which is “lagging significantly behind,” according to the International...
Expect a rally if there’s good news from retail giants & China
CNBC’s Jim Cramer on Tuesday said that investors should keep an eye on retailer earnings and Covid news from China as indicators for how Wednesday’s trading session will go. If we get more...
U.S. Is Winning Bitcoin Mining Race But China Still Not Out Of Picture: Report
China’s underground Bitcoin mining hashrate contributes 22% to global mining hashrate as it increases by 3% in the three months leading to January, 2022 amidst government crackdown. Per data from a ch...
J.P. Morgan Says Buy Tencent and Alibaba. Why They’re Now Positive on Chinese Tech Stocks.
Text size Regulatory change had come sooner than the analysts had anticipated. Greg Baker/AFP via Getty Images Tencent Holdings and Alibaba Group saw their stock jump Tuesday after catching an upgrade...
Unfurling In The Blockchain Sphere: Kakao’s Klaytn Setting Up A Blockchain In China
Klaytn plans to set up an open-permissioned blockchain for China’s BSN. The move is intended toward a path into the blockchain space of China. The Chongqing Chain might become one of the o...
How big of a headwind is China for Caterpillar Inc?
China is not as big of a headwind for Caterpillar Inc (NYSE: CAT) as some might think, said CEO Jim Umpleby this evening on CNBC’s Mad Money with Jim Cramer. China sales to be slightly below 201...
China Emerges as Leading Bitcoin Mining Hub a Year After Crackdown: Cambridge Data
China outlawed Bitcoin mining last May. Exactly a year later, the country has re-emerged as the leading venue for mining operations. A new study revealed underground mining activity in the country had...
China ADSs are flying as fading regulatory headwinds send iQIYI, NIO and Alibaba stocks surging
The U.S.-listed shares of China-based companies, surged Tuesday, particularly in the internet sector, as an apparent reduction of regulatory scrutiny has emboldened Wall Street analysts and investors ...