The People’s Bank of China Isn’t Fooling Anyone With Its Latest Interest Rate Cut

The People’s Bank of China (PBOC) kicked off a new easing cycle on Monday by lowering interest rates for the first time in four years – a move designed to safeguard against further trade-war turbulence. For all the talk about President Trump being “easy to read,” China doesn’t seem to be fairing too well in […] The post The People’s Bank of China Isn’t Fooling Anyone With Its Latest Interest Rate Cut appeared first on CCN.com

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Tim Cook’s Controversial Trade War Strategy Is Paying Off For Apple (AAPL) Stock

The world’s most valuable company got more valuable this week, as Apple stock hit a record high. There is no question Apple would not have been able to flourish in Trump’s trade war environment were it not for Tim Cook’s immersive approach to Chinese diplomacy. Risks are now growing for APPL as Senator Ted Cruz […] The post Tim Cook’s Controversial Trade War Strategy Is Paying Off For Apple (AAPL) Stock appeared first on CCN.com

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Asian Stocks See Mixed Results Following Fed’s Unusual Repo Operation

Stocks in the Asia Pacific region traded mixed on Wednesday, as investors gauged prospects for monetary policy after the Federal Reserve took action in re-balancing the money markets. Asian Markets Mixed There was no clear-cut direction in Asian equities on Tuesday. Japan’s benchmark Nikkei 225 index edged up 0.1% to 22,012.72. The Topix index, which […] The post Asian Stocks See Mixed Results Following Fed’s Unusual Repo Operation appeared first on CCN.com

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Chinese Stocks Tumble After Disastrous Industrial Production Data

Stocks in mainland China and Hong Kong tumbled on Monday after Beijing reported a sharper than expected slowdown in industrial production, signs that the ongoing trade war with Washington was ravaging domestic producers. Chinese Stocks Decline Mainland China’s Shanghai Shenzhen CSI 300 Index declined by as much as 0.5% at the start of the new […] The post Chinese Stocks Tumble After Disastrous Industrial Production Data appeared first on CCN.com

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Stock Market Futures Surge as Trump Gets Positive on China

By CCN Markets: In response to the struggling stock market, Donald Trump’s Twitter feed was awash with positive talk about the trade war and progress with China on Sunday. A more upbeat Trump could be precisely what the doctor ordered for bruised markets, putting the wind at the S&P 500’s back next week. U.S. stock […] The post Stock Market Futures Surge as Trump Gets Positive on China appeared first on CCN Markets

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Study Exposes How Russia, Iran, & China Are Weaponizing Crypto

It’s no secret that foes of the United States – including Venezuela, Iran, Russia, and China – are experimenting with cryptocurrency technology as they seek to render their economies immune to crippling US sanctions. However, a new study from the Foundation for Defense of Democracies (FDD) exposes the lengths to which these rogue nations are […] The post Study Exposes How Russia, Iran, & China Are Weaponizing Crypto appeared first on CCN Markets

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China’s Baidu Search Trends Collide with Bitcoin’s May Bull Run

By CCN: China may have cracked down on cryptocurrency companies, but that’s not stopping the local population from pursuing bitcoin as an investment. Economist and trader Alex Kruger did the research and found that there may be some truth to the theory that China fueled much of the gains in the BTC price last month. June hasn’t been so kind, at least so far, with the bitcoin price down more than 7% in the last 24 hours. In May, however, bitcoin was a rock star as its value expanded by…

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