China is pushing to develop its own chips — but the country can’t do without foreign tech
China’s reliance on foreign firms in the semiconductor supply chain could make domestic giants vulnerable to geopolitical issues as was the case with Huawei.
Financial News
Twitter and Square CEO Jack Dorsey says ‘hyperinflation’ will happen soon in the U.S. and the world
Key Points Twitter co-founder and crypto advocate Jack Dorsey weighed in Friday on escalating inflation in the U.S., saying things are going to get considerably worse. “It will happen in …
U.S. officials keep close watch on the ‘delta plus’ Covid mutation as it spreads in the U.K.
The AY.4.2 subvariant has been detected in at least five cases in the U.S.: in Washington, D.C., California, North Carolina, Washington state and Massachusetts.
China Evergrande set to avert default as property developer reportedly pays off bond interest
Evergrande has remitted the funds for a key interest payment that was due Sept. 23.
China Evergrande shares briefly plunge more than 10%, after $2.6 billion asset sale falls through
China Evergrande shares briefly fell more than 10% Thursday after a deal fell through to sell part of its services unit to Hopson Development Holdings.
Panic ordering by retailers is making the supply chain crisis ‘even worse’
Retailers and manufacturers are overordering or placing orders too early as they panic over the supply chain crisis, and that’s not helping, experts told CNBC.
How Evergrande found itself on the wrong side of China’s regulators
Evergrande made little progress toward complying with China’s crackdown on real estate debt until it was too late for investors who put money into its offshore bonds.
China GDP disappoints, third-quarter growth slows to 4.9%
China’s third-quarter GDP grew a disappointing 4.9% as industrial activity rose less than expected in September.
U.S. to lift travel ban Nov. 8, allowing vaccinated international visitors into the country
The measure is a relief for large airlines like Delta, United and American, which have struggled to return to profitability.
The first bitcoin futures ETF in the U.S. is set to begin trading next week
Key Points The ProShares Bitcoin Strategy ETF, which will give exposure to bitcoin futures contracts but not the spot market, will trade under the ticker “BITO.” The Securities and Exchange …