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China’s Monster Money-Market Shrinks and Rivals Reap RewardsBeijing is forcing the world’s largest money-market fund, Ant Financial’s Tianhong Yu’e Bao, to shrink, creating a bonanza for the dozen other money-market funds that Ant has added to its investment platform. “Samsung and SK Hynix, the biggest makers of the memory chips used in mobile devices...$60 billion of investments in facilities...Artificial intelligence, Internet of Things and autonomous driving are among uses for memory...Chinese firms also expanding rapidly...”. Over Supply?
Source: WSJ - 🏆 98. / 63 Read more »
Stocks mixed | US and China talk trade | Apple trolls rivalsU.S. stock futures were mixed as trade talks between Chinese and U.S. officials continue in Beijing.
Source: CNBC - 🏆 12. / 72 Read more »