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HONG KONG — China’s economy has come roaring back from the depths of the coronavirus pandemic, and its currency has joined the ride. The currency, known variously as the yuan or the renminbi, has surged in strength in recent months against the American dollar and other major currencies. Through Monday, the U.S. dollar was worth 6.47 renminbi, compared with 7.16 renminbi in late May and close to its strongest level in two and half years. Many currencies tend to jump around in value even more, but Beijing has long kept a leash on China’s, so the renminbi’s leap looks like a power move.

Author Bio I like things that go "boom." Sonic or otherwise, that means I tend to gravitate towards defense and aerospace stocks. But to tell the truth, over the course of a dozen years writing for The Motley Fool, I have covered -- and continue to cover -- everything from retailers to consumer goods stocks, and from tech to banks to insurers as well. Follow me on Twitter or Facebook for the most important developments in defense & aerospace news, and other great stories besides. What happened Thursday is turning into a great day to own shares of hydrogen fuel cell sto...

LAST month, tech giant Apple Inc introduced new MacBook laptops that use its own silicon, or chips, designed in-house, replacing those run on Intel Corp microprocessors. Chips for Apple accounted for 4% of Intel’s total sales in 2019. Apple is not alone in abandoning Intel. Long-time partner Microsoft Corp’s Surface Pro X tablet PC now sports a custom-designed chip just like Google’s new Chromebooks. The competitive landscape for Intel has dramatically changed as it sees its traditional strongholds eroded by mobile chips based on ARM Holdings plc’s technology. Apple’s forays in chip...

First U.S. Nuclear Power Closures in 15 Years Signal Wider Problems for Industry As the economics of building plants and maintaining old ones erode, some experts see little hope for an industry being touted by some as a climate savior. By Elizabeth Douglass September 24, 2013 The survival of the nation's nuclear industry is hanging in the balance. Map showing closed or closing nuclear power plants (in red), as well as plants especially vulnerable to future closures (in yellow). Experts say the closures are due to low power prices, rising costs and other economic woes (larger map below). Credi...