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Tesla, Apple Face Supply-Chain Woes Ahead Of Peak Season As China Tightens Energy Consumption Policies
Monday, September 27, 2021 - 2:59am | 499Read More...Some key China-based suppliers of Apple Inc (NASDAQ: AAPL) and Tesla Inc (NASDAQ: TSLA) have halted production at their facilities to follow Beijing's tighter energy consumption policy, Nikkei Asia reported on Sunday, citing suppliers. What Happened: Small and medium-sized suppliers that...
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Elon Musk Showers More Praises On China, Says Tesla Will Continue To Invest In The Country
Sunday, September 26, 2021 - 10:35pm | 466Read More...Tesla Inc (NASDAQ: TSLA) CEO Elon Musk lauded China’s extensive digitalization efforts across industries, including automotive, for the second time this month, and said the electric vehicle maker would further invest in the country at an online conference being held in Wuzhen on...
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Elon Musk's Tesla Shanghai To Make 300K Cars By Jan-Sept: Report
Sunday, September 26, 2021 - 1:40pm | 413Read More...Tesla Inc.'s (NASDAQ: TSLA) Shanghai factory is expected to produce 300,000 cars in the first nine months of the year, Reuters reports, citing unidentified sources. What Happened: According to the report, the plant has seen a delivery rush at the end of the July-...
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Dogecoin's Growing Adoption, El Salvador Buys Bitcoin Dip, Institutions Prefer Ethereum, Twitter Tips, China Warning: Crypto Week In Review
Saturday, September 25, 2021 - 8:20am | 923Read More...This week proved volatile for cryptocurrencies amid the Evergrande crisis, subsequent recovery amid a string of bullish news and the markets falling again over the news coming from China. Here's a recap of the highlights: Cramer ‘Begs’ Crypto Investors To Cash Out: CNBC “...
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Container Ships Now Piling Up At Anchorages Off China's Ports
Friday, September 24, 2021 - 4:13pm | 1807Read More...There are over 60 container ships full of import cargo stuck offshore of Los Angeles and Long Beach, but there are more than double that — 154 as of Friday — waiting to load export cargo off Shanghai and Ningbo in China, according to eeSea, a company that analyzes carrier schedules. The number of...
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China's 'New' Crypto Ban Is 10 Days Old, But Panic Sellers Send Bitcoin To $40,900
Friday, September 24, 2021 - 8:42am | 611Read More...The People’s Bank of China reiterated its anti-crypto stance on Friday with a “fresh notice” declaring all cryptocurrency-related activities illegal. What Happened: China’s central bank published a notice on its website stating that all services offering trading, order...
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Here's Why Bitcoin, Ethereum, Dogecoin Are Crashing All Of A Sudden
Friday, September 24, 2021 - 6:44am | 373Read More...Major cryptocurrencies like Bitcoin (CRYPTO: BTC), Ethereum (CRYPTO: ETH) and Dogecoin (CRYPTO: DOGE) are crashing early morning on Friday. What Happened: The plunge in the cryptocurrency markets comes as the People’s Bank of China reiterated its warning on virtual assets not...
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Alibaba To Sell Its Entire Stake In Chinese TV Network Mango Excellent Amid Beijing Scrutiny: Report
Friday, September 24, 2021 - 4:10am | 295Read More...Alibaba Group Holding (NYSE: BABA) is looking to shed its entire stake in a local television network as Beijing wants the Jack Ma-founded company to sell some of its media assets, Bloomberg News reported on Thursday. What Happened: Alibaba’s investment arm is looking to sell its 5.01% stake...
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Alibaba-Backed Ant To Share Consumer Credit Data With Chinese Central Bank
Thursday, September 23, 2021 - 4:24am | 330Read More...Alibaba Group Holding (NYSE: BABA) subsidiary Ant Group will share credit data of its consumer lending business Huabei with China’s central bank as part of a regulatory move by Beijing to tighten its hold on the financial technology sector, CNBC reported on Thursday, citing a...
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Nio Said To Delay Unveiling Of ES8, Nio House In Norway By A Week
Thursday, September 23, 2021 - 3:57am | 324Read More...Chinese electric vehicle maker Nio Inc. (NYSE: NIO) is delaying the official launch of the ES8 SUV and the opening of the first overseas Nio House in Norway by a week, cnEVpost reported Wednesday. What Happened: Nio will now launch the ES8 in Norway on Sept. 30 while the first local Nio House in...
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Could China's $18.6B Liquidity Injection Amid Evergrande Crisis Benefit Crypto Markets?
Wednesday, September 22, 2021 - 10:31am | 569Read More...The People’s Bank of China injected $18.6 billion into the banking system after the Evergrande debt crisis sent shock waves through most financial markets, including cryptocurrencies. What Happened: On Wednesday, Bloomberg reported that China’s central bank has injected 120 billion yuan...
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Zoom, Five9 $15B Deal Comes Under Justice Department Scrutiny
Wednesday, September 22, 2021 - 2:53am | 374Read More...Zoom Video Communications Inc’s (NASDAQ: ZM) deal to buy customer-service software company Five9 Inc (NASDAQ: FIVN) is being investigated by a U.S. Department of Justice-led panel over the former's ties with China, The Wall Street Journal reported on Tuesday, citing a Federal...
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China Markets Open Lower After 4-Day Break For Mid-Autumn Festival Amid Evergrande Crisis
Tuesday, September 21, 2021 - 11:22pm | 492Read More...The stock markets in mainland China opened lower on Wednesday following the long weekend holiday for the Mid-Autumn Festival. What’s Moving: The benchmark Shanghai Composite Index fell more than 1% in early trade but has pared losses and is down 0.4% at the time of writing. The Index closed...
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Evergrande: China's Lehman Moment Or Just Fear, Uncertainty And Doubt? How To Protect A Small Account If The Worst Happens.
Tuesday, September 21, 2021 - 3:54pm | 589Read More...Night falls on Guangzhou. Photo by Irina Iriser via Pexels. Three Ways Of Looking At Evergrande In our previous post (The China Syndrome), we looked at a worst case scenario of the impending China Evergrande Group (PINK: EGRNF) default, and we showed a way investors in the U.S. could...
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If You Had $1,000 Right Now, Would You Put It On Tesla, Nio, Xpeng Or Li Auto?
Tuesday, September 21, 2021 - 1:12pm | 500Read More...Every week, Benzinga conducts a survey to collect sentiment about what traders are most excited about, interested in or thinking about as they manage and build their personal portfolios. This week we posed the following question to more than 1,000 Benzinga visitors on electric vehicle...
