Tag Archives: China

Top 10 Financial Stocks For 2023

Intel (NASDAQ:INTC) stock is now where Advanced Micro Devices (NASDAQ:AMD) was when it named Lisa Su as CEO. It’s on the bottom.

Source: dennizn / Shutterstock.com

Bob Swan, who was chief financial officer becoming CEO, recruited Pat Gelsinger from VMWare (NYSE:VMW) to succeed him. Gelsinger took office in February, with the stock not too far from its current $55/share level. He then announced the transformation of the company. He plans to invest $100 billion to make Intel a chip foundry against Taiwan Semiconductor (NYSE:TSM).

Top 10 Financial Stocks For 2023:....More>>>

Chinese Court Says Cryptocurrency Is Not Protected By Law

The Supreme Court of the northern Shandong province in China has ruled that “cryptocurrency is not protected by law.”

What Happened: While delivering a verdict in a case that involved a potential fraud related to the purchase of crypto, the Supreme Court said in a statement that “investing or trading cryptocurrency is not protected by law.” 

This could become another significant blow to China’s crypto industry after the crackdowns on crypto mining across the country.

As per the case, a Chinese plaintiff invested some....More>>>