No Picture
Trading Ideas

China’s Tech Industry Straps in for More Turbulence After a Wild 2019

(Bloomberg) — China’s tech industry enters a new year after weathering unprecedented turbulence in 2019, when giants emerged in social media and artificial intelligence only to bear the brunt of Washington’s campaign to contain the world’s No. 2 economy. There’s little reason to think 2020 will be much different given U.S. efforts to hobble Chinese champions from Huawei Technologies Co. to SenseTime Group Ltd. deemed a threat to national security.American lawmakers went after some of the country’s biggest names last year. Foremost among them were smartphone and networking titan Huawei and ByteDance Inc., the Chinese wunderkind that in the span …read more […]

No Picture
Trading Ideas

China’s Tech Industry Straps in for More Turbulence After a Wild 2019

(Bloomberg) — China’s tech industry enters a new year after weathering unprecedented turbulence in 2019, when giants emerged in social media and artificial intelligence only to bear the brunt of Washington’s campaign to contain the world’s No. 2 economy. There’s little reason to think 2020 will be much different given U.S. efforts to hobble Chinese champions from Huawei Technologies Co. to SenseTime Group Ltd. deemed a threat to national security.American lawmakers went after some of the country’s biggest names last year. Foremost among them were smartphone and networking titan Huawei and ByteDance Inc., the Chinese wunderkind that in the span …read more […]

No Picture
Trading Ideas

U.S. auto safety agency to investigate fatal Tesla crash in California

The fatal Dec. 29 crash of a Tesla Inc vehicle in Southern California will be investigated by the U.S. government’s auto safety regulator, the agency said on Tuesday. The U.S. National Highway Traffic Safety Administration (NHTSA) said earlier this month it had opened an investigation into a 12th Tesla crash that may be tied to the vehicle’s advanced Autopilot driver assistance system after a Tesla Model 3 rear-ended a parked police car in Connecticut. NHTSA did not say if autopilot was suspected in Sunday’s crash in Gardena in Los Angeles county. …read more […]