CRYPTOCURRENCY NEWS PORTAL

By Rachel Premack of FreightWaves

President Joe Biden’s $9.2 billion electric vehicle manufacturing loan to Ford seems like a perfect meld of American interests. Announced in June, the loan to the Michigan automaker and a South Korean battery manufacturer will spur the building of three EV battery plants in the U.S. That cheerfully means eco-friendly cars and blue-collar jobs — environmentalism with a side of America First.

There’s just one problem: It’s infuriated (more…)

By Charlie Zhu and Helen Sun, Bloomberg Markets Live reporters and analysts

1. The worst of China’s economic downturn may be behind us as stimulus impact feeds through. Data released Friday showed industrial production and retail sales in August both significantly beat estimates and picked up from the previous month. That gave investors reasons to believe that economic activities may be bottoming, even though the property market remains stuck in a rut.

The People’s Bank of (more…)