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The United States and the European Union could team up to counter the dominance of China’s Huawei Technologies in next-generation 5G telecoms technology, but not if Washington continues to threaten tariffs against Brussels, a senior German conservative lawmaker said late on Friday. Norbert Roettgen, a member of German Chancellor Angela Merkel’s Christian Democrats, said he told U.S. officials during a visit to Washington that he saw opportunities for greater transatlantic cooperation on 5G that would benefit both sides. …read more […]

Q4 2019 Pandora A/S Earnings Call …read more […]

(Bloomberg) — Uber Technologies Inc. and Postmates Inc. are unlikely to put a quick stop to a landmark California law they call a monstrous threat to their business models.A judge signaled Friday that she’s inclined to reject a request to temporarily shield the companies from Assembly Bill 5, which is aimed at converting gig-economy workers from independent contractors to employees with benefits.Uber and Postmates sought a preliminary injunction, an order insulating their drivers from A.B. 5’s protections, while they challenge the measure as unfair and unconstitutional. Reclassifying drivers as employees will add 20% to 40% in labor costs, the companies …read more […]

(Bloomberg) — PG&E Corp. said it aims to shrink the breadth and duration of intentional blackouts during California’s wildfire season after enduring widespread criticism of its aggressive shutoffs last autumn.The bankrupt company wants to reduce the average geographic reach of deliberate blackouts by one-third and will try to restore power to affected areas 12 daylight hours after unsafe conditions pass. The goals are part of a broader wildfire safety plan that California’s largest utility filed with state regulators Friday.PG&E, forced into bankruptcy after its equipment was blamed for sparking deadly wildfires, took the extreme measure of widespread shutoffs last year …read more […]

(Bloomberg) — Terms of Trade is a daily newsletter that untangles a world threatened by trade wars. Sign up here. The U.S. is deploying drones and other technology as it scours for potential rare-earths reserves at home and abroad to wean the nation off its dependence on Chinese imports.“We’ve been almost 100% dependent on foreign sources of rare earth elements for industrial applications,” Jim Reilly, director of the U.S. Geological Survey, said. “It’s not only the domestic sources of the resource that we concentrate on. We look for those resources literally across the globe, and then we build collaboration with …read more […]

With the latest drop in rates, a refinance would save borrowers an average $268 a month. …read more […]

Win a free book just for knowing the Oracle of Omaha’s mind Continue reading… …read more […]