China Is Poised for Another Crypto Trading Crackdown as Speculative Fever Returns

Financial regulators in China appear set to crack down on cryptocurrency trading again after President Xi Jinping’s praise for blockchain technology revived speculation in the sector. Regulators in each district of Shanghai must search and inspect local crypto exchange-related services before Nov. 22 and report to the central bank for further actions, according to an […]

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Manufacturing Recession Puts U.S. Economy on Track for Worst Quarter Under President Trump

U.S. industrial production plunged in October at the fastest rate in a year-and-a-half. GM strike exacerbated the decline following a six-week work stoppage. The manufacturing sector remains in a recession that could spill over to the rest of the economy. U.S. industrial production plunged in October at the fastest rate in a year-and-a-half, further underscoring […]

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