Business News Alibaba’s Jack Ma has been a Communist Party member since the 1980s The state-backed People's Daily released a list of people that the Communist Party wishes to honor for "their contributions to the reform and opening up." Jack Ma, co-founder of Alibaba, was one of the names mentioned. more info…
Read More »Business News Waymo taps former NTSB chair to oversee safety of self-driving ride-share fleet Waymo, the Alphabet subsidiary on the cusp of launching the first autonomous ride-share service in the U.S., has hired Deborah Hersman, a former top safety regulator, to ensure the company's fleet of robotaxis operate safely. more info…
Read More »Reuters: Wealth Hedge funds’ historic U.S. rate view shift switches to 5-year bonds: McGeever A couple of weeks ago it was 10-year Treasuries, last week 5-year bonds: hedge funds are shifting their view of the Fed and U.S. interest rates by magnitudes rarely seen before. more info…
Read More »Business News Google employees call on the company to cancel its censored search engine in China Project Dragonfly has drawn criticism from human rights groups and U.S. politicians since details of the effort leaked this summer. more info…
Read More »Business News Amazon says it had its biggest shopping day ever on Cyber Monday Amazon had its biggest shopping day ever on Cyber Monday based on number of items sold. The company said customers ordered over 180 million items over the five days starting with Thanksgiving through Cyber Monday more info…
Read More »Business News Apple’s November rout worsens after Trump says US could place 10% tariff on iPhones Apple shares fell Tuesday in premarket trading after President Donald Trump suggested Monday the U.S. could place a 10 percent tariff on iPhones and laptops made in China. more info…
Read More »Energy French President Macron says he won’t bow to ‘thugs’ behind fuel tax protests Unrest has left two dead and 606 injured in France, according to official figures. more info…
Read More »Energy Oil falls on record Saudi output; eyes G20 and OPEC Oil prices fell on Tuesday, depressed by record Saudi Arabian production as the kingdom tried to persuade other exporters to agree output cuts. more info…
Read More »Energy Look for OPEC to cut oil production by 1 to 1.5 million barrels at next meeting, says analyst OPEC will likely announce a cut between 1 million and 1.5 million to help stabilize the markets, says Johannes Benigni, Vienna-based consultancy JBC Energy Group chairman. more info…
Read More »Business News Amazon’s cloud unit launches Arm-based server chips Amazon's cloud business has developed chips that use energy-efficient Arm technology, rather than processors from companies like Intel. Computing instances using these chips are available now. more info…
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