LIVE UPDATES:Musk facing legal action; New gas record, stocks higher

foxbusiness.com incoming update… Symbol Price Change %Change TSLA $709.42 -0.39 -0.05% TWTR $37.29 ...

U.S. appears set to deem Cuba not cooperating fully against terrorism-document

investing.com By Matt Spetalnick WASHINGTON - The Biden administration on Thursday appeared set to renew its assessment that Cuba is among a handful of countries "not cooperating fully" with the United States in the fight against...

NBA owners reportedly under the microscope over billions tied to China

foxbusiness.com NBA owners were scrutinized Thursday as a new report detailed just how much money some have tied up in Chinese investments. NBA owners have around $10 billion in Chinese ventures despite the government’s...

China’s chaotic regulatory crackdown reflects splits among policymakers

ft.com Rival factions vie for influence under Xi Jinping evoking battles of Mao Zedong era

Tencent Releases Dampening Q1 2022 Financial Report, Profits Slump 51% While Revenue Remains Unchanged

coinspeaker.com Tencent has published its Q1 2022 report showing a significant loss of profit, and its worst since the company went public. Tencent released its Q1 2022 financial report that showed a 50% decline in profit...

China tries to make nice with Big Tech as economic challenges mount

cnn.com Vice Premier Liu He says the government will "properly manage" the relationship between the government and the market. Liu He also backs tech companies to list in both domestic and foreign markets. The comments are a...

China tries to make nice with Big Tech as economic challenges mount

cnn.com Vice Premier Liu He says the government will "properly manage" the relationship between the government and the market. Liu He also backs tech companies to list in both domestic and foreign markets. The comments are a...

Bitcoin production has roared back in China thanks to an underground mining scene

cnbc.com China's share of global bitcoin mining capacity plummeted to zero in July. Authorities launched a fresh crackdown on cryptocurrencies. But several underground mining operations have since emerged in the country, with...

Futures Slide After Dismal Target Earnings, Plunging Mortgage Apps

zerohedge.com Futures Slide After Dismal Target Earnings, Plunging Mortgage Apps The brief bear market rally in US stocks was set to end with a whimper following Tuesday’s strong dead cat bounce, after Fed Chair...

Tencent Revenue Misses Estimates After Lockdowns, Crackdown Wipe Out Growth

bloomberg.com Tencent Revenue Misses Estimates After Lockdowns, Crackdown Wipe Out Growth  Bloomberg

China’s economy czar hinted that Beijing’s crackdown on tech stocks is coming to an end. But investors seem unconvinced

fortune.com Beijing's crackdown on internet companies has kept China's tech sector in bear territory for over a year.

Huge' pressure as Shanghai remains COVID-free and end to lockdown looms

investing.com By David Stanway and Martin Quin Pollard SHANGHAI/BEIJING - Health authorities in Shanghai face huge pressure to keep COVID-19 at bay the longer the city goes without a new community infection with residents...

Chinese Investors Remove Hedges For Downside Risks

zerohedge.com Chinese Investors Remove Hedges For Downside Risks By Ye Xie, Bloomberg markets live commentator and reporter While the news flow in China and Hong Kong has been grim, there have been some positive...

US sues casino mogul Steve Wynn over relationship with China

apnews.com WASHINGTON (AP) — The Justice Department sued longtime Las Vegas casino mogul Steve Wynn on Tuesday to compel him to register as a foreign agent because of lobbying work it says he performed at the behest of the...

Netflix is laying off 150 employees, including dozens from its Tudum fansite

theverge.com Netflix is laying off around 150 employees and agency contractors. A source familiar with the situation tells The Verge the layoffs include at least 26 staff members working on the company’s fan-focused Tudum...