Following discussions between President Trump and President Xi Jinping, China has called on the United States to acknowledge and respect its “red lines” in their ongoing relationship.
Bitcoin is currently stable around $102,000, although concerns over its valuation have led to a significant weekly loss.
The US government will block Nvidia from selling scaled-back artificial intelligence chips to China, according to The Information.
Asian stocks are projected to end the week lower as the technology sector continues to face downward pressure. Recent trade data from China has disappointed investors.
Shareholders have approved Elon Musk’s $1 trillion pay package with Tesla.
China urges the US to respect its “red lines” after talks between their leaders.
Summary: After Trump-Xi talks, China demands US respect critical boundaries while markets react to tech declines, regulatory moves, and major corporate pay approvals.