Bloomberg Tech

China Urges Japan to Refrain From Joining US Chip Curbs

China’s Foreign Minister Qin Gang urged Japan to refrain from supporting US efforts to suppress the Chinese semiconductor industry, while his counterpart pressed for the swift return of a Japanese citizen detained by Beijing.

Sunak’s Crypto Plans Are Hit by Reluctant UK Banks

Edouard Daunizeau’s crypto company SavingBlocks has an office in East London’s technology hub and more than 200 customers testing its services. But getting a bank account for his year-old startup has proved an almost insurmountable challenge.

PGIM Quant Says Big Opportunities Are Lurking in Microcap Space

Being involved in a “crowded trade” is one thing that’s sure to keep investors up at night. In other words, a position that has become so popular that there are few people left to get involved with it — which could mean painful losses if traders decide to rush for the exits.

Soaring Auto Loan Rates Are the Latest Roadblock for Car Sales

Just when it seemed like things were getting back to normal at Rhett Ricart’s Columbus, Ohio, car dealerships — after pandemic-induced inventory shortages and runaway price inflation — a new obstacle emerged to keep buyers from closing the deal: soaring interest rates on auto loans.