Fintech Arm of Chinese Insurance Giant Files for US IPO After Blockchain Push

OneConnect Financial Technology, the fintech arm of China’s largest insurance company, filed a prospectus on Wednesday for an initial public offering (IPO) with the U.S. Securities and Exchange Commission (SEC). The firm plans to list its shares on NASDAQ. OneConnect’s filing with the SEC today called for a target raise of $100 million, though that […]

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Who Trump’s Blaming for Today’s Ugly Stock Market Nosedive

Stocks plunged on Thursday, headlined by the Dow’s nearly 200 point setback. President Trump railed against the “Impeachment Hoax” and Federal Reserve. However, analysts say the stock market is reacting to weightier concerns. The stock market suffered a substantial setback on Thursday, priming the Dow, S&P 500, and Nasdaq for a disappointing end to a […]

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China’s Congress Passes Cryptography Law, Effective Jan. 1, 2020

The Standing Committee of the 13th National People’s Congress in China has passed the cryptography law on Saturday and it will be effective on January 1, 2020, according to a Chinese media report. The announcement came one day after Chinese President Xi Jinping’s call on the country to seize opportunities in blockchain technology. While China […]

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Dow Futures Brace for Volatile Week as Damages from U.S.-China Trade War Begin to Surface

Futures on the Dow and broader stock market rose sharply on Friday, but finished lower for the week as threats to U.S. and global economic health resurfaced. Volatility is likely to simmer near the surface next week as attention shifts to U.S.-China trade negotiations. For all the talk of progress, both countries remain far apart […]

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3 Factors That Could Supercharge Dow Jones to Shatter Record Highs – CCN.com

The Dow Jones Industrial Average could be gearing up for another record run. | AP Photo / Richard Drew Following the unexpected decision of U.S. President Donald Trump to consider establishing a partial trade deal with China ahead of the new round of trade deal talks, the Dow Jones increased by around 500 points within […]

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Dow Clings to 250-Point Rally as Trump Flexes at G7 Summit – CCN Markets

By CCN Markets: The Dow Jones clung to gains of more than 250 points on Monday after President Donald Trump held a joint press conference with French President Emanuel Macron at the G7 in France. While the stock market edged back toward its session highs, Trump appeared unable to offer anything fresh for bulls to […]

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Circle CEO: China’s Digital Currency Could “Bypass Western Banking System”

Circle CEO Jeremy Allaire says the U.S. lagging behind China’s development of a national digital currency could alter the way Western companies transfer payments. Speaking on the Global Coin Research podcast this week, Allaire said China is setting the pace in the development of a digital currency equivalent of its fiat currency, the renminbi, and […]

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