White House announces new restrictions on advanced tech investment in China

The Biden administration is upping the trade war with China. President Joe Biden has signed an executive order that will limit certain types of foreign investment in the country, especially in leading-edge technologies, while also requiring disclosure of other investments. The White House says the move is about protecting national security. MORTGAGE RATES ECLIPSE 7%, HIGHEST SINCE NOVEMBER, IN TROUBLING SIGN FOR MARKET The move is designed to address the national security threat posed by "countries of concern" that could develop advanced technology to use for nefarious military, intelligence, or...