Dow Seesaws as Nervous Market Watches China Get Tough With Trump

The Dow Jones struggled to recover from Wednesday’s 800 point loss after China decided to get tough with Trump – again. | Source: REUTERS/Leah Millis (i), AFP PHOTO / GULSHAN KHAN (ii). Image Edited by CCN. By CCN Markets: The Dow Jones enjoyed a brighter start on Thursday after some generally positive macro data initially …

Dow Claws Out of Vicious Slide as Beijing Rebukes Trump’s ‘Blackmail’

The Dow risked sliding for a fourth straight day after Beijing rebuked Trump for his unexpected – and market-pummeling – tariff threat. | Source: NICHOLAS KAMM / AFP The Dow’s multi-session nosedive risks extending into a fourth day on Friday after Beijing rebuked President Trump for his $300 billion tariff threat. Dow Scrambles to Avoid …

Are Tron & Justin Sun Playing a Sneaky Game of 4-D Chess?

According to CNBC Africa’s Ran NeuNer, TRON CEO Justin Sun was forbidden to take part in the Warren Buffett lunch due to the ongoing trade tensions between China and the United States. The unnamed source claims the Chinese government found Sun’s promotion of the lunch “provocative” and suggests it won’t take place at all. The …

Court Declares Bitcoin Legal in China as a ‘Virtual Property’

China is not a bitcoin-friendly country as it has taken a slew of measures to kill the flagship cryptocurrency, which include imposing a blanket ban on all initial coin offerings (ICO) and shuttering crypto exchanges. But the latest order by Hangzhou Internet Court suggests that owning bitcoin is not illegal in China as it gave …

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 …

US-China Trade War Will Escalate Bitcoin Price to $20,000: Analyst

By CCN: Bitcoin price is unlikely to hit the December 2017 highs unless the U.S.-China trade war escalates to new levels, an analyst has told Kitco News. According to DailyFX’s senior currency strategist Christopher Vecchio, bitcoin has lately been inversely correlated with the Chinese yuan. Being an effective method of moving value around the world, …

This Stock Market Lifeline Could Come from a Surprising Place: Australia

By CCN: The U.S. stock market struggled for much of the past month, sending the S&P 500, Dow Jones, and Nasdaq lower amid a rapidly-intensifying U.S.-China trade conflict. However, a growing number of equity strategists expect the Federal Reserve to slash its benchmark interest rate, and the impetus for that policy shift could come from …