China ramps up Wall Street meetings as Trump inauguration looms

China ramps up Wall Street meetings as Trump inauguration looms


Key Points
  • Chinese Vice Premier He Lifeng has met with several U.S. finance executives in the last month as Beijing seeks to build relationships ahead of President-elect Donald Trump’s planned tariffs on China.
  • He Lifeng is one of China’s four vice premiers, and heads the ruling Chinese Communist Party’s economic and finance committee.
  • “The Chinese are seeking all possible avenues to access those now ascending to power in Washington. The Trump Team,” said Peter Alexander, founder of Shanghai-based consulting firm Z-Ben Advisors.



Source

China to crack down on AI chatbots around suicide, gambling
Finance

China to crack down on AI chatbots around suicide, gambling

Key Points China’s cybersecurity regulator on Saturday proposed rules to limit the ability of artificial intelligence to influence human emotions. The draft rules come just days after two Chinese AI chatbot startups filed to list in Hong Kong. China, in the past year, has announced efforts to lead global AI governance. Source

Read More
Stocks making the biggest moves midday: Freeport-McMoran, Coupang, Target & more
Finance

Stocks making the biggest moves midday: Freeport-McMoran, Coupang, Target & more

Check out the companies making the biggest moves midday: Freeport-McMoRan — The miner rose 3.1% as gold and other metals scaled to record levels. Target — The retailer rose more than 1% after The Financial Times reported, citing sources, that hedge fund Toms Capital Investment Management made a big investment in Target. Pressure from the […]

Read More
Stocks making the biggest moves premarket: Nvidia, Micron, SanDisk & more
Finance

Stocks making the biggest moves premarket: Nvidia, Micron, SanDisk & more

Check out the companies making headlines before the bell. Nvidia — The semiconductor firm’s stock rose 0.5% after it agreed to pay $20 billion to acquire assets from artificial intelligence startup Groq, marking its largest purchase ever. Micron Technology , SanDisk — The digital memory firms’ stocks were up after DigiTimes reported , citing industry […]

Read More