Year: 2020

(Bloomberg) — China on Tuesday outlined a slate of rules designed to prevent foreign governments from acquiring data stored locally, seeking to counter Washington’s accusations that services like TikTok and WeChat share sensitive user information with Beijing.Foreign Minister Wang Yi unveiled the proposals governing global data security after raising the plan with his Group of 20 counterparts last week, part of China’s attempts to set global standards for the digital sphere. They involve forbidding governments from gaining access to data acquired by companies’ overseas operations, according to a statement posted on the ministry’s website.The guidelines reinforce Beijing’s long-held concept of …read more […]

VANCOUVER, BC and HOBRO, Denmark, Sept. 8, 2020 /CNW/ – Ballard Power Systems (NASDAQ: BLDP) (TSX: BLDP) today announced the launch of the fuel cell industry’s first module designed for primary propulsion power in marine vessels. …read more […]

Ill-timed bets on rising demand have Exxon Mobil Corp facing a shortfall of about $48 billion through 2021, according to a Reuters tally and Wall Street estimates, a situation that will require the top U.S. oil company to make deep cuts to its staff and projects. Wall Street investors are even starting to worry about the once-sacrosanct dividend at Exxon, which in the 20th Century became the world’s most valuable company using global scale, relentless expansion and strict financial controls. Exxon weathered a series of setbacks last decade and under Chief Executive Darren Woods sought to return …read more […]

Sep.07 — India’s unabated surge in coronavirus infections puts it on track to overtake the U.S. as the worst hit nation and that’s sparking fears of a human and economic catastrophe. Bloomberg’s Ruth Pollard reports on “Bloomberg Markets: Asia.” …read more […]

Sep.07 — The European Union is warning U.K. Prime Minister Boris Johnson not to tear up parts of the Brexit divorce accord he struck only a year ago. Johnson is ramping up his threats to walk away from the EU at the end of the year without a new trade deal in place. Bloomberg’s David Finnerty reports on “Bloomberg Markets: Asia.” …read more […]

Sep.07 — The European Union is warning U.K. Prime Minister Boris Johnson not to tear up parts of the Brexit divorce accord he struck only a year ago. Johnson is ramping up his threats to walk away from the EU at the end of the year without a new trade deal in place. Bloomberg’s David Finnerty reports on “Bloomberg Markets: Asia.” …read more […]

The U.S. Federal Aviation Administration said Sunday it is investigating manufacturing flaws involving some Boeing 787 Dreamliners but said it was too early to say if it will require new inspections. Boeing said in August airlines operating its 787 Dreamliners had removed eight jets from service as a result of two distinct manufacturing issues in fuselage sections. The FAA could require inspections covering hundreds of 787 jetliners after production issues at one plant, a person briefed on the matter confirmed. …read more […]

(Bloomberg) — TikTok’s Chinese parent has declared a rare half-month’s salary bonus for employees, hoping to calm a 60,000-plus workforce across the globe as negotiations around the sale of the video service’s U.S. operations approach the Trump administration’s September deadline.ByteDance Ltd. will dole out the bonus this month to reward employees at a time of unprecedented economic and social upheaval, the company said in an internal memo seen by Bloomberg News. While the Beijing-based startup is known for paying lavishly to poach experts in critical fields such as artificial intelligence, it’s unusual for the firm to declare a handout in …read more […]

U.S. stock futures and Asian shares regained some footing on Tuesday following a small bounce in European shares as investors looked to whether high-flying U.S. tech shares could recover from their recent rout. U.S. financial markets were shut on Monday for a public holiday while Europe’s STOXX 600 index was 1.7% higher. Globally traded U.S. S&P500 futures erased their Monday losses to trade 0.6% higher. …read more […]

…read more […]

Sep.07 — President Donald Trump has ramped up his anti-China rhetoric, vowing to sharply scale back U.S. economic ties with China. Trump is seeking to make China an election issue and repeatedly portrayed Joe Biden as a lackey of Beijing. Bloomberg’s Derek Wallbank reports on “Bloomberg Daybreak: Asia.” …read more […]

Sep.07 — President Donald Trump says he intends to curb the U.S. economic relationship with China by threatening to punish any American companies that create jobs overseas and to forbid those that do business in China from winning federal contracts. He speaks at a briefing at the White House. …read more […]

Sep.07 — President Donald Trump hinted that the U.S. could approve a coronavirus vaccine in October ahead of the November election. He speaks at a briefing at the White House. …read more […]

“Two thousand zero zero, party overOops, out of timeSo tonight I’m gonna party like it’s 1999.”
– Prince
I recently remarked to a colleague that this market feels like 1999’s to me.
Back then, tech stocks could do no wrong. They went up seemingly every day. Everybody talked about the market.
Doctors and lawyers were more interested in stocks than in their practices, some even quitting to become day traders.
Last week, I spoke with someone whose son decided not to go to medical school this fall because he was making so much money trading stocks – mostly Tesla (Nasdaq: TSLA).
Robinhood, the trading startup popular …read more […]

The post Will 2021 Bring a Repeat of the Dot-Com Bubble? appeared first on Investment U. …read more […]