Bitcoin fell below $112,000 during trading Tuesday afternoon Hong Kong time as China’s retaliatory trade measures sent a fresh wave of risk-off sentiment across global markets. Bloomberg reported earlier Tuesday that China sanctioned U.S. units of South Korean shipbuilder Hanwha Ocean in a move that reignited fears that the trade conflict with Washington could spiral, just days after both sides …
Read More »China takes steps against US-linked units of S.Korea shipbuilder Hanwha Reuters China targets five U.S. subsidiaries of South Korea’s Hanwha Ocean, sending shares down 8% CNBC China Escalates US Trade Fight With Some Curbs on Shipping Bloomberg.com Trump tariffs live updates: China hits back at Trump on shipping with curbs on US units of Hanwha Ocean Yahoo Finance China probes US maritime investigation’s impact …
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A top Wall Street analyst who has been predicting a “rolling recovery” after a mysterious, secretive “rolling recession” over the past three years has issued a bearish call on the back of renewed trade tensions between President Trump and China. Mike Wilson, chief U.S. equity strategist for Morgan Stanley, warned on Monday that a “larger than expected correction is likely” …
Read More »Crypto Slump Continues as China Hits Back Against the US Bloomberg.com Why crypto briefly but dramatically crashed when Trump renewed his trade war CNN After record crypto crash, a rush to hedge against another freefall Yahoo Finance Bitcoin extends decline to $104,782 as Trump escalates US-China trade war Reuters A Historic Crypto Selloff Erased Over $19 Billion, but Two Accounts Made $160 Million The Wall …
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Wall Street is bullish on U.S. stocks this morning, with S&P 500 futures strongly up, premarket. Traders seem to think that Trump will eventually be forced to make a trade deal with China that keeps rare earth materials and AI chips flowing between the two. S&P 500 futures are strongly up this morning after the index fell by 2.71% on …
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Hong Kong — President Donald Trump expressed shock at China’s “surprising” move to unleash sweeping export controls on rare earths, accusing the country of “becoming very hostile.” But according to Beijing, it was Washington’s expansion of curbs on Chinese firms that ratcheted up tensions and drove it to further tighten its grip on the critical minerals essential in the production …
Read More »China Hits Back at US on Shipping With Hanwha Curbs, New Probe Bloomberg.com China targets five U.S. subsidiaries of South Korea’s Hanwha Ocean over Washington shipping probe CNBC Developing | China sanctions 5 US subsidiaries of South Korean shipping giant South China Morning Post China probes US maritime investigation’s impact on shipping industry Reuters China sanctions 5 US units of South Korean shipbuilder Hanwha …
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A hull section that will be sent to the final assembly base is loaded onto a semi-submersible vessel at Hanwha Marine Engineering (Shandong) Co LTD in Yantai, China, on September 16, 2024. Costfoto | Nurphoto | Getty Images China on Tuesday added five U.S. subsidiaries of South Korean shipbuilder Hanwha Ocean to its sanction list over their alleged involvement in …
Read More »NEW YORK (AP) — And back up goes Wall Street. U.S. stocks rallied Monday after President Donald Trump said ” it will all be fine,” just days after he sent the market reeling by threatening much higher tariffs on China. The S&P 500 jumped 1.6% in its best day since May and recovered just over half its drop from Friday. …
Read More »US, China to roll out tit-for-tat port fees, threatening more turmoil at sea Reuters The US and China are about to launch the next front in their trade war Politico Trump Port Fees Bring Added Headache for Chinese Ship Operators Bloomberg.com U.S. Starts Charging Chinese Ships to Dock at Its Ports The New York Times US-China trade tensions simmer as port fees take effect BBC …
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