FINANCE
On May 14 (Tuesday) Argentina's central bank cut the benchmark interest rate, after inflation slowed for the fourth straight month. The annual rate crested just shy of 300 percent, amid a tough austerity drive by libertarian President Javier Milei. The central bank said in a statement it had cut the
Investors ‘Sell’ Chinese Tech Stocks as Beijing Continues Crackdown
The Chinese Communist Party’s crackdown on the country’s tech companies has wiped out a trillion dollars...
Chinese State Firm Claims Stake in TikTok’s Sibling Company
In April, ByteDance, which owns TikTok, sold a one percent stake in its subsidiary company Beijing ByteDance...
Is China’s Economic Recovery Faltering? Tech Regulations ‘Hurt Earnings’
China’s economic indicators are failing to meet expectations, which some believe shows the pace of economic...
Hacker Who Stole $600M in Cryptocurrency Offered Job and Reward From the Company He Stole From
A week after a hacker perpetrated what many are calling the largest cryptocurrency heist in history,...
Companies Stockpile Cash As Delta Variant Fears Linger
Companies have been keeping a record amount of cash, despite concerns surrounding disruptions from Covid...
‘Inaccurate, Then Lying,’ Muddy Waters Capital Warns Americans Against Investing in Chinese Stocks
Carson Block, the chief investment officer of Muddy Waters Capital LLC, is concerned that people investing...
Global Semiconductor Supply Shortage, Nissan Shuts Down Operations at US Plant
Japanese carmaker Nissan is temporarily suspending operations at its assembly plant in Tennessee. The...
Nike Turns Blind Eye to Genocide: ‘Business in China is Aligned to Our Values’
Nike is claiming that its values align with how it operates in communist China. The company has made...
China Barrels Forward With Massive Injection of Capital Into Aviation Industry in an Attempt to Compete
Amidst draconian lockdowns and travel restrictions due to surging cases of the novel coronavirus, China...