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Bridgewater Associates founder Ray Dalio has warned that the U.S. and China are “on the brink of war” and “are beyond the ability to talk.” The billionaire added that their relations “are getting so bad” that U.S.-China trade could collapse. He cautioned that the next 18 months “will be a
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DLT is among 20 "critical and emerging" technologies in Trump's new strategy for preserving America's technological edge. Source
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Chinese tech companies were once seen as copycats of their Western peers: Alibaba was a knockoff of eBay and Baidu imitated Google. More recently, Chinese firms like TikTok and Huawei have established such dominant international positions that U.S. authorities have tried to hold them back. Now, the technological arms race is
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With U.S.-China tensions continuing to burn, some investors are feeling the heat. Friction between the world’s two largest economies has taken a toll on venture funds investing in non-crypto startups. Investment in the blockchain industry, however, may be less affected. Crypto companies’ unique fundraising processes and decentralized nature provide some protection
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The compounding economic uncertainty due to the rising COVID-19 cases and the growing tensions between the U.S. and China have caused the gold price to soar higher taking them at their record-high levels of 2011.On Friday, July 24, the S&P 500 (INDEXSP: .INX) closed the week 20 points lower on
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The U.S. government will impose new restrictions on state-owned Chinese media outlets and plans to halt Chinese airlines’ access. The stock market remains unfazed by it, slightly retracing by 0.16% following a 2.05% gain on June 2. Equities are seemingly pricing in degrading U.S.-China relations. The U.S. government will impose new restrictions on
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Beijing is using the global pandemic to keep U.S. airlines from operating inbound flights. The U.S. has threatened to retaliate by restricting Chinese carriers. What happens with airlines this week will be telling for how the two nations will proceed in the months ahead. Tensions between the US and
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The Dow futures contract rose nearly 100 points Thursday evening and was on track to partially offset prior declines. Markets are trading cautiously in anticipation of worsening U.S.-China trade relations. U.S. lawmakers are pushing for a bill that could potentially delist Chinese stocks from domestic exchanges. Futures on the
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The trade war between the United States and China began in January 2018. When tariffs were imposed on Chinese goods in July of the same year, the price of Bitcoin (BTC) plunged 31% from $8,487 to $6,000.Now the U.S. and China are on the verge of reigniting a new trade
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The Dow Jones struggled on Thursday as the Trump administration changed its tune on China’s handling of the coronavirus epidemic. Top economic official Larry Kudlow stated the U.S. is “disappointed” with how events were playing out. Despite an inevitable economic shock, some Dow bulls believe the spike in infections could be good
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