China

Bitcoin value cut in half as cryptocurrencies tumble in weekend slide

According to prices tracked by Coindesk, Bitcoin has fallen about 12% in the last 24 hours as of Sunday afternoon, trading near $33,000 per coin. Meanwhile, Dogecoin is down about 15% trading near 28 cents per coin and Ethereum is down about 14% trading around $1,900 per coin.

Cryptocurrency crackdown by China is about more than the 'safety of people's property'

On Wednesday China echoed previous announcements, making clear in no uncertain terms that financial institutions and payment companies should not participate in any cryptocurrency-related transactions or services. The comments helped send the price of Bitcoin plummeting to its lowest price since January – $30,066,-- before recovering Thursday at around $41,000.

US trade deficit hits record

The U.S. trade deficit surged to a record $74.4 billion in March as an improving U.S. economy drove purchases of imported foreign goods.

Boeing CEO to push Biden for 'productive dialogue' with China

"Given the importance of the Chinese market to our near-term delivery profile, as well as future orders which influence future production rates, we will continue to engage with leaders in both countries to urge a productive dialogue, reiterating the mutual economic benefits of a strong and prosperous aerospace industry," Calhoun told analysts on the Boeing's first quarter earnings call. "China represents 25% of the global growth in our industry over the next decade."

U.S. eases COVID-19 restrictions on Chinese students

The Biden administration on Tuesday said it was easing travel restrictions on Chinese and other international students into the United States this fall, a change that could provide financial help to some colleges whose enrollments declined during the coronavirus pandemic.