Financial News

Bitcoin mining has totally recovered from the Chinese crypto crackdown that took more than half the world’s miners offline earlier this year.

For Americans looking to play China’s growth story, Didi’s delisting from the U.S. shows the rising political risk of investing in U.S.-listed Chinese stocks.

With no confirmation that Evergrande made interest payments in time, Fitch Ratings declared the Chinese developer in ‘restricted default’ on Thursday.

Amazon has been fined 1.13 billion euros ($1.28 billion) by Italian antitrust regulators for abusing its market dominance.

Scholz, a member of the socialist SPD party, will lead a three-party coalition with the Greens and the pro-business FDP party.

There are widespread concerns about Russian military activity on the border with Ukraine and its increasingly aggressive rhetoric.

Last Friday’s VIX spike of 54% on the omicron variant emergence has been followed by more big moves in the Dow, but VIX history says the bull market won’t end.

From a 24-hour period spanning Friday morning to Saturday morning, bitcoin’s price went from about $57,000 to $47,000, losing $10,000, or more than 17%.

The WHO’s Maria Van Kerkhove said there are early indications omicron is more infectious, but additional data is needed.

Holding off on tightening policy is a “lesser evil than acting prematurely,” says Anne Richards, from Fidelity International.