Autonomous-vehicle road testing has skidded to a halt in the U.S. amid the Covid-19 pandemic. But China’s startups have pushed ahead by more than doubling the number of self-driving car projects, with a boost from the country’s 5G network. Photo: Lorenz Huber for The Wall Street Journal …read more […]
Aug.10 — China said it will sanction 11 Americans in retaliation for similar measures imposed by the U.S. on Friday, but the list doesn’t include any members of the Trump administration. Those sanctioned include Senators Marco Rubio, Ted Cruz, Tom Cotton and Pat Toomey. Karen Leigh reports on “Bloomberg Surveillance.” …read more […]
Microsoft Corp has emerged as the most likely buyer of the U.S. operations of TikTok, the popular Chinese short-video app that U.S. President Donald Trump is preparing to effectively ban on national security grounds. A deal would be in line with Microsoft’s stance toward China where the firm has a sizeable presence – unlike fellow U.S. tech heavyweights such as Facebook Inc and Alphabet Inc’s Google which appear to have given up on China’s consumer-facing market with its miscellany of government strictures. The country accounts for over $2 billion in annual revenue, Microsoft President Brad …read more […]
The messaging platform has approached under-fire TikTok about a possible deal, according to reports. …read more […]
Simon Property Group, the No. 1 U.S. mall owner, is expected to post its smallest quarterly profit in nearly six years on Monday, as the plunge in foot traffic and early government-mandated closures resulted in tenants being unable or unwilling to pay full rent. “The upcoming earnings for mall owners could be one of the worst quarters ever,” said Compass Point Research & Trading analyst Floris van Dijkum. The pain from a slew of major retail bankruptcies, including Neiman Marcus and Brooks Brothers, and hundreds of store closures from department stores Macy’s and Nordstrom and others is far …read more […]
Stocks are steady this Friday courtesy of the better than expected jobs report. …read more […]
Stocks are mixed this Friday morning as ongoing coronavirus stimulus negotiations overshadowed a better than expected jobs report. …read more […]
As the final trading session of the week prepares to kick off, stocks are pointing to the upcoming monthly jobs report for direction. …read more […]
Hyundai Motor Co (OTC: HYMTF) announced the launch of a brand dedicated to battery electric vehicles on Sunday.What Happened: The automaker plans to sell one million units of battery-electric vehicles by 2025, occupying 10% of the global market share, in an effort to emerge as a leader in the segment under its dedicated EV brand “Ioniq.”Three electric vehicles under the Ioniq brand will be released beginning early 2021, according to Hyundai. Launch of a midsize crossover vehicle in early 2021, a sedan in early 2022, and a large crossover vehicle in early 2024 is planned.Nikola Wants To Coopearte: Trevor …read more […]
Spot gold was down 0.2% to $2,030.10 per ounce by 0545 GMT. U.S. gold futures rose 0.6% to $2,040.80. Gold hit a record high of $2,072.50 on Friday before retreating nearly 2% as the dollar bounced on data showing U.S. nonfarm payrolls increased by 1.763 million jobs in July. …read more […]
(Bloomberg) — Tencent Holdings Ltd. added to Friday’s sharp decline to start the week, helping lead weakness in technology shares after the U.S.’ move to ban residents from doing business with the company’s WeChat app.The stock fell as much as 4.6% Monday, approaching Friday’s lowest level, before finishing morning trade down 3.3%. Tencent lost $35 billion of market value to end last week as investors weighed the vaguely worded order from President Donald Trump, which initially triggered fears that it applied to a number of the internet giant’s operations.Tech stocks in Hong Kong led declines in the city Monday, with …read more […]
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