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The Latest Breaking News from China

Stock market today: Wall Street falls with markets worldwide after weak economic data from China

Stocks worldwide are falling as China’s faltering recovery raises worries for the rest of the global economy

The Independent UK

Markets Today: Stocks Tumble on Chinese Economic Concerns

Morning Markets September E-Mini S&P 500 futures (ESU2 3) this morning are down -0.68%, and Sep Nasdaq 100 E-Mini futures (NQU2 3) are down -0.65%. Stock indexes this morning are moderately lower. Concern that China’s faltering economy will drag down global growth is weighing on stocks after China reported disappointing...

Barchart

Intel's $5.4 billion purchase of Tower Semiconductor is supposed to go through today, but will China block it?

Intel agreed to purchase Tower Semiconductor for $5.4 billion, but the deal has had to be pushed back twice. Today is the current deadline for the purchase, but it is unclear what will happen.

Windows Central

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Cathie Wood Unravels Fed’s Domino Effect Breaking China And Triggering Global Deflationary Bust: ‘Rapid Growth Can Cover Many Economic Sins’

Cathie Wood said late Monday that Federal Reserve's continued rate tightening

Zenger

Vast swath of northeastern China threatened by flooding as rivers rise above warning levels

A vast swath of northeastern China is threatened by flooding as at least 90 rivers have risen above warning levels and 24 have already overflowed their banks

The Independent UK

New QJ Motor OAO Pro Is An Electric Sportbike Perfect For The City

QJ Motor has launched its newest electric motorcycle in China, the OAO Pro, a small-capacity electric sportbike.

RideApart

Dark side of the Moon: will the race to lunar South Pole spark conflict?

Russia and India have kick-started a space race to the Moon’s South Pole in search of water and other precious resources.

The Week

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China wants people to stop talking about its terrible economy

21.3% of those aged between 16 and 24 were unemployed in June, and July's figure was likely to have been even worse.

Fortune

Stock Index Futures Plunge on Pressure from Rising Bond Yields, China Data Disappoints

September S&P 500 futures (ESU23) are down -0.61%, and September Nasdaq 100 E-Mini futures (NQU23) are down -0.48% this morning as market participants digested the latest U.K. employment data, which fueled concerns about inflationary pressures and consequently pushed U.S. Treasury yields higher, while disappointing economic data from China also weighed…

Barchart

Stock Index Futures Slip on Pressure from Rising Bond Yields, China Data Disappoints

September S&P 500 futures (ESU23) are down -0.37%, and September Nasdaq 100 E-Mini futures (NQU23) are down -0.31% this morning as market participants digested the latest U.K. employment data, which fueled concerns about inflationary pressures and consequently pushed U.S. Treasury yields higher, while disappointing economic data from China also weighed…

Barchart

The next superpowers: who will hold sway in 2050?

For anyone who grew up in the Cold War, defining what a “superpower” is would be easy.

The Week

Shanghai Composite Index Fell 0.07% on Tuesday

Shenzhen Component Index closed down 0.7%

Caixin Global

China: Tesla Lowers Model Y Prices, Adds Model 3 Insurance Subsidy

Tesla has decided to tweak its Model 3/Model Y offer in China, potentially to boost sales results and secure a strong third quarter volume.

InsideEVs

Report: Third-Tallest Player in NBA History to Spend 2024 Season in China

The UCF product played for the Bucks in this year's Summer League.

Sports Illustrated

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Barchart

Strength in Chip Stocks Lifts the Overall Market

What you need to know… The S&P 500 Index ($SPX ) (SPY ) Monday closed up +0.58%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed up +0.07%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up +1.18%. Stocks on Monday settled mixed. The strength in chip...

Barchart

Strong T-Note Yields and Weak Asian Currencies Boost the Dollar

The dollar index (DXY00 ) Monday rose by +0.33% and posted a 5-week high. Higher T-note yields Monday strengthened the dollar’s interest rate differentials and supported the dollar. Also, concerns about China’s worsening debt crisis knocked the yuan down to a 6-week low against the dollar Monday. In addition, central...

Barchart

Crude Closes Lower on Dollar Strength and Chinese Economic Woes

September WTI crude oil (CLU23 ) on Monday closed down -0.74 (-0.89%), and Sep RBOB gasoline (RBU23 ) closed down -5.87 (-1.98%). Crude oil and gasoline prices Monday settled moderately lower. Monday's rally in the dollar index (DXY00 ) to a 5-week high pressured energy prices. Also, concerns that a...

Tom’s Hardware

Intel's Tower Acquisition Deadline is Tomorrow, but Doubts Remain

China still has not approved Intel's acquisition of Tower semiconductor, which has a deadline on August 15.

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Tom’s Hardware

Intel CEO Says It Should Get More CHIPS Act Money Than TSMC, Samsung

Intel should get the biggest slice of CHIPS Act funding as it conducts its R&D in the US, reckons CEO Pat Gelsinger.

InsideEVs

Inside China’s EV Graveyard: Journalist Debunks Allegations Against Carmakers

Journalist claims that allegations against Chinese automakers are false and that the EV graveyard exists due to failed ride-sharing companies.

Tom’s Guide

Snapdragon 8 Gen 3 could miss some Android flagships — and that’s great news for iPhone 15

A source out of China claims that some Android flagships may turn to Snapdragon 8 Gen 2 or Dimensity chips as the Snapdragon 8 Gen 3 figures to be an expensive option.

Barchart

Crude Prices Slip on Dollar Strength and Chinese Economic Concerns

September WTI crude oil (CLU23 ) this morning is down -0.42 (-0.50%), and Sep RBOB gasoline (RBU23 ) is down -5.78 (-1.95%). Crude oil and gasoline prices this morning are moderately lower. Today's rally in the dollar index (DXY00 ) to a 5-week high pressures energy prices. Also, concerns that...

The Hindu

India, China hold 19th round of Corps Commander-level talks to end LAC stand-off

India and China held the 19th round of Corps Commander-level talks, as part of the ongoing efforts for overall disengagement and de-escalation to resolve the stand-off in eastern Ladakh

Al Jazeera

China’s defence minister visits Russia and Belarus in show of support

Beijing says visit underscores drive by China and Russia to align foreign policies to undermine West-led world order.

WEKU

Latest on Ukraine: Ukraine makes some gains; China's defense minister visits Russia

Catch up on key developments and the latest in-depth coverage of Russia's invasion of Ukraine.

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