Burns is Workhorse’s founder and former CEO. China we-media marketing market is forecasted to grow at a healthy rate over the forecast period (2021-2025). 12 – Gold Close to $1,700 Again, 手機或網上申請全程三步辦妥，兼享高達HKD1,000現金回贈, Bitcoin Hits Another Record and Leaves Other Asset Classes Trailing, SBI Is Offering Shareholders Option of Getting XRP as Reward for 2nd Year, Lordstown Motors Sinks After Attack by Short That Hit Nikola, Close EU scrutiny of Brexit hubs to continue indefinitely, says regulator, Warren Buffett's net worth hit $100 Billion: These are the 10 rules that got him there, U.S. Dollar Index (DX) Futures Technical Analysis – Strong Momentum Makes 91.935 – 92.200 Today’s Target. It’s benefiting from optimism in financial markets after President Joe Biden signed the $1.9 trillion pandemic-relief bill into law.After ending last year with a fourth-quarter surge of 170% to around $29,000, Bitcoin jumped to $40,000 seven days later. “We’re making the first electric pickup. “We’re sort of seeing the opposite happening now, where we’ve seen some pretty material increases in interest rates and the growth stocks showing a good amount of sensitivity to that rise in interest rates.”For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P. Biden's relief plan is set to become the biggest expansion of safety-net programs since the 1960s. “It’s going to be hard for them without a fundamental catalyst to make a strong comeback.”Just this week, the Nasdaq 100 fell 2.9% on Monday, rose 4% Tuesday, then switched its direction in each of the next three sessions before finishing the week down 0.9%. In financial terms, bats, bees and birds are a valuable asset. (Bloomberg) -- Lordstown Motors Corp. plunged the most in five months after the short seller whose attack on Nikola Corp. led to its founder’s departure turned its sights on the electric-truck startup.Lordstown is a company “with no revenue and no sellable product, which we believe has misled investors on both its demand and production capabilities,” Hindenburg Research said. 實際年利率低至2.01%，並豁免全期手續費。立即申請！優惠及服務附帶條款. Lordstown had advanced 77% in the 12 months through Thursday while the Nasdaq Composite Index climbed 68%.Lordstown is one of a slew of electric-vehicle startups that have gone public through mergers with special purpose acquisition companies. BEIJING (Reuters) – China used coronavirus prevention measures, intimidation and visa curbs to limit foreign reporting in 2020, ushering in a “rapid decline in media freedom,” the Foreign Correspondents’ Club of China (FCCC) said on Monday. Early in the day, China Premier Li Keqiang’s speech will draw interest… These guidelines helped Buffett achieve success — and can help you get there, too. That’s pushed a measure of 10-day realized volatility in the Nasdaq 100 toward 40, close to price swings in the Russell Microcap Index, where half the constituents had no earnings in the past year.All told, the Nasdaq 100 is down 0.2% this month compared with a 3.5% gain in the S&P 500, making the gap between two the biggest since April 2016. Check Out Men Who Want to Chat and Date - Join DateMyAge.com. Data and headlines on bitcoin's use in commerce point to an attribute that sets it apart from the yellow metal. “Every correction is an opportunity to reset and restart the move upwards.”Bitcoin is up about 1,000% in the past year amid signs of increasing institutional interest as well as speculative demand. IRS begins sending first round of $1,400 COVID-19 relief payments, U.S. oil & gas rig count falls for first time since November: Baker Hughes, 投保並參加滙豐保險Well+ 賺取最新Apple Watch, Why Bitcoin Is More Like a $100 Bill Than Gold, Tech’s Volatility Roller Coaster Is Back at Pandemic-Crash Level, Biden is cutting income taxes more than Trump did, Binance Adds Merchant Features to Early Version of Payments Platform, T-Mobile CEO: Our goal is to 'offer the best network experience and the best value', Daily Gold News: Friday, Mar. China's rapid growth has puzzled many people, including economists. (Bloomberg) -- A year after the crash, March is proving to be another brutal month for investor nerves.The Nasdaq 100 Index has moved at least 1% in either direction on eight of March’s 10 trading days, a string not seen since the depths of the pandemic-fueled bear market a year ago.After enjoying bullet-proof status for most of 2020, uncertainty over tech stocks is building as 10-year Treasury yields push above 1.6% and the strengthening economy focuses more attention on cheaper cyclical companies.“These are the generals that have lifted equity markets over the last year, so there is caution when these tech giants start to see some corrective price action,” said Matt Miskin, co-chief investment strategist at John Hancock Investment Management. The firm holds a short position in Lordstown, so it stands to gain from a drop in the shares.While the truckmaker’s chief executive denied the allegations, the short-seller’s missive set the stage for Lordstown having to use its March 17 earnings report, its first as a public company, to defend itself.The shares tumbled 17% to $14.65 at 1:32 p.m. in New York after dropping as much as 23%, the most intraday since Sept. 24. China’s own policy actively contributes to the confusion between development finance and aid. BEIJING, March 1 (Reuters) - China used coronavirus prevention measures, intimidation and visa curbs to limit foreign reporting in 2020, ushering in a "rapid … Close scrutiny of UK financial firms' European Union outposts will continue indefinitely, the bloc's securities watchdog said, as regulators begin a round of new checks on how they are operating. There are signs showing it’s ripe for a pullback, and I don’t know if it’s a 10% correction or a 15% correction. Others argue that the rally is a giant stimulus-fueled bubble on track to burst like it did in the 2017-2018 boom-and-bust cycle.Industry participants and some strategists point to wider take up as one reason why the current bull run is different.Examples include Tesla Inc.’s $1.5 billion investment in Bitcoin and Chief Executive Officer Elon Musk’s endorsements of the digital asset on social media. U.S. energy firms cut the number of oil and natural gas rigs operating for the first time since November even as crude prices soared to their highest since 2018. Save. (Updates CEO’s response in eighth paragraph)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P. The U.S. oil and gas rig count, an early indicator of future output, fell by one to 402 in the week to March 12, according to data on Friday from energy services firm Baker Hughes Co. It took just a little more than a month to breach the latest threshold. But what’s worrying investors is the threat from Treasury yields.A jump in the 10-year benchmark to 2% could result in a 20% correction for the Nasdaq 100, warn strategists at Ned Davis Research. So the gauge’s 6.3% dip from a record is by no means a catastrophe, especially next its 97% rally since last year’s pandemic trough. Rapid economic growth will remain critical, with further deepening of the capital markets needed to help finance urbanization. Bitcoin traded for a few cents for several years after its debut more than a decade ago.“Bitcoin’s resilience is proving to be the stuff of legend,” said Antoni Trenchev, managing partner and co-founder of Nexo in London, a crypto lender. Nikola has said it is cooperating with the inquiries and that an internal review concluded that it had made several inaccurate statements.Hindenburg said former Lordstown employees called Burns a “con man” and compared him to PT Barnum. Despite bullish calls for the yuan from some of the finance … Dollar Hegemony Is Under Fire From China’s Rapid Growth Recovery By . 私人貸款，簡化貸款程序， 1秒報價，實時批核，現金即日過數！新客戶成功批核享高達$3,800現金獎！. Save. China Add to myFT. In this issue, we explore … Gold is 1.2% lower this morning, as it is trading at $1,700 price level again. 07:55: Harnessing the power of markets can protect our environment and prevent its rapid destruction. Curated by our award-winning team of journalists, this must-read newsletter explores the impact of emerging topics originating from China, and their significance around the globe. A.I. China hits back at U.S. move to lift communication restrictions on Taiwan By Lauren Toms - The Washington Times Shares China expands lockdowns, local political conference delayed Promoted Content. This, in turn, is influencing traders’ expectations of future price swings. Your Dreams Come True Here. This year, the China Fintech 50 report was updated to include 100 companies to showcase the financial technology industry’s rapid growth and fast-evolving landscape. A busy day ahead on the economic calendar puts the EUR, the Loonie, and the U.S Dollar in focus. This year, with credit growth slowing, the debt ratio should stabilise. Personal Finance Show more Personal Finance. “We will have more demand than we can possibly build.”Hindenburg said Lordstown has no truck ready to sell and that a former employee of the company said delays will put production at least three years away.“We are on track for betas this month and start of production in September,” Burns said in a text message. China’s rapid space militarisation: Comparative analysis and India’s options February 13, 2021, 2:37 PM IST Dr Anil Kumar Lal in RakshakIndia , India , TOI Facebook Twitter Linkedin Email What about the other precious metals? (Bloomberg) -- Bitcoin topped $60,000 for the first time as the stimulus-fueled rally of the past year prompts investors to ignore signs of a speculative fervor.The original cryptocurrency was at $61,080 as of 5:35 p.m. New York time, bouncing back from a rout at the end of February following a previous peak set that month. Prior to joining the Post, he worked for Market News International for more than 33 years, first as Washington Bureau Chief, then as European Managing Editor in Frankfurt, Germany and finally as Asian Managing Editor working out of Beijing. Plug in and drive. The world’s biggest carbon emitter needs to take more rapid action. T-Mobile CEO Mike Sievert chats with Yahoo Finance after one intense week in the telecom space. ADB forecasts rapid growth for China and India in 2021. The Cboe NDX Volatility Index is hovering near 30, compared with 21 for the VIX Index, with the spread between them at a level last seen in September.To Glenmede’s Michael Reynolds, this means volatility is here to stay.“We were at some pretty historical levels of growth outperformance of value even before the pandemic started, and the pandemic actually really accelerated that,” Reynolds said by phone. Lordstown also hired the EY consulting firm to study potential sales volume, he said.“Demand will not be our problem,” Burns said. Hundreds of trading and investment firms from the City of London have set up shop in the EU to avoid disrupting business with the bloc by relocating staff and assets. The concern is echoed over at Miller Tabak + Co., where chief market strategist Matt Maley said a low double-digit correction is not unlikely for the tech group.“Some froth needs to be taken off of the sector,” Maley said by phone from Massachusetts. That’s already triggered double-digit declines in stocks that were perceived as the most desirable on Wall Street as recently as a couple of months ago.Tesla Inc. is down 21% from its high in late January, despite a 16% rebound this week. But a decline of this magnitude can set the stage for a bigger advance down the road.”An arguably bigger headwind than rising yields is the broader rotation into cyclical value names and out of growth stocks that’s played out at the beginning of almost every previous economic cycle. The third round of stimulus checks will start hitting bank accounts for eligible Americans as early as this weekend, the IRS said late Friday. šä¸Šé–‹æˆ¶ï¼Œå¯ç²è´ˆä¸€è‚¡ç¾Žåœ˜ï¼ˆåƒ¹å€¼ç´„$350）、港股無限免佣及價值$288串流報價，更可全年免費抽新股！立即行動！. You’re going to get haters.”Fellow electric-vehicle startup Workhorse Group Inc., whose shares have plummeted after it lost a bid for postal trucks, owns a 10% stake in Lordstown Motors. Expansions in the two large economies improve outlook for developing Asia. Our conversations with former employees, business partners and an extensive document review show that the company’s orders are largely fictitious.”Chief Executive Officer Steve Burns denied the allegations.“We have always been really clear, verbally and every time that we talk about preorders, that these are nonbinding,” he said in an interview.Hindenburg said that a $735 million order touted by Lordstown was made by E Squared Energy, a Texas company that doesn’t yet operate a fleet.Nonbinding OrdersThe report also said that Lordstown, which bought a small-car plant closed in 2019 by General Motors Co., has used a consulting firm to help generate preorders for its electric pickups but that since the sales are nonbinding, claims of future revenue will be difficult to convert to real cash flow.Burns acknowledged that Lordstown hired consulting firm Climb2Glory and said it wasn’t done to create a false impression of sales, but to determine how many customers it could realistically get for its truck. China’s overall debt-to-GDP ratio shot up by about 25 percentage points last year, climbing to nearly 290%. The age of the electric car has started in earnest in China amid heated competition among foreign and domestic brands. “There is nothing unhealthy in it after a rally we’ve witnessed since last March. It’s easy to take pot shots, especially when you’re short in a stock,” Burns said. The costly investment was vindicated by an UK-EU trade deal that left UK financial services largely cut off from the continent after Britain left the EU's orbit on Dec. 31. A number have come under close scrutiny, including Velodyne Lidar Inc., whose founder left amid a fight with its board.Lordstown, according to Hindenburg, “has consistently pointed to its book of 100,000 preorders as proof of deep demand for its proposed EV truck. Surging use of we-media as a marketing tool, spike in number of … Billionaire investor Mike Novogratz, who runs Galaxy Digital Holdings Ltd., has said that Bitcoin could reach $100,000 by the end of the year.“Stimulus checks, Elon Musk’s relentless support, short-sellers throwing in the towel, and weekend liquidity were just what was needed to send Bitcoin above the $60,000 level,” said Ed Moya, senior market analyst at Oanda Corp. “Bitcoin once again seems to be an unstoppable force and no one wants to get in the way of this momentum trade.”For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P. SBI's support of XRP is a sign of the digital token's continued strong fan base in Japan. Caring for the nation: Beware the vaccine diplomacy model of China, focus on rapid vaccination at home February 26, 2021, 8:10 PM IST Manoj … The world’s biggest carbon emitter needs to take more rapid action. Advocates champion the cryptocurrency as a store of value akin to gold that can act as a hedge against inflation and a weaker dollar. The report said some Lordstown executives and directors have sold stock.Burns said he has never sold a share and that he is all in on Lordstown.“We’re a startup. The top cryptocurrency by market cap rose to $60,065 in a matter of minutes on Saturday morning. Binance Pay now includes merchant functions, allowing businesses to process payments in crypto, online or in-person. 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The early price action suggests the direction of the June U.S. Dollar Index into the close will be determined by trader reaction to 91.870. “Any statement to the contrary is a lie.”Airship Disaster“Hindenburgs blow up,” he continued, a reference to the 1937 airship disaster in New Jersey.The short-seller’s report on Nikola had led to a plunge in its shares, the departure of its founder and inquiries by U.S. authorities. The oil and gas rig count has increased for the past seven months since dropping to a record low of 244 in August, according to Baker Hughes data going back to 1940. 投保「滙家保」定期人壽保險並參加滙豐保險Well+，以每天平均9000步賺取最新Apple Watch! Along the way, China is igniting new growth across Asia, Latin America, Africa and even the industrial West, thanks to the country's colossal demand for raw materials, energy, trade and capital flows. Tech stocks rose when the 10-year yield fell and vice versa, pushing a five-day correlation between the two to -0.63, where a reading of -1 means they’re moving in opposite directions.Yet the Nasdaq 100 has recouped almost half of its $1.8 trillion loss from a high in February. The rapid advance of new energy vehicles in China. Find the latest BANK OF CHINA LTD (BACHY) stock quote, history, news and other vital information to help you with your stock trading and investing. John Carter has been an economics and finance journalist for more than 40 years. While green finance development has indeed been robust, China still has significant challenges ahead in making the necessary adjustments of its economy to reach carbon neutrality. China's rapid sea power rise 'concerning' as US refuses to halt South China Sea operations CHINA'S maritime might is increasing by the day leading US intelligence to … Apple Inc. posted its fourth weekly drop in five weeks, and streaming giant Netflix Inc. fell in three out of the last four weeks. ... Finance leads Hong Kong's first business exodus in 11 years.