Former Pentagon Chief’s Startling Revelations On US AI Tech Versus China: FT
The Pentagon's first chief software officer resigned in protest of the U.S. military's lagging technological transformation behind China, Financial Times reports.
How China’s Financial Sector Probe Could Pose Risk For Alibaba, DiDi?
Chinese President Xi Jinping will launch an inspection on the ties between China's state banks and other financial honchos with big private-sector players that VP Wang Qishan allegedly helped avoid for years,
Goldman Sachs Downgrades U.S. Economic Growth
Rising oil prices (/CL) appear to be leading a rally in many commodities including RBOB Gasoline futures (/RB) and heating oil (/HO). The rallies add to a week where inflation may play a big part.
Monday’s Market Minute: Earnings Season Kicks Off Again
Let’s take a market minute to get ahead of this week.
Alibaba Backed Social Media Platform Migrates IPO Plans From US To China: Bloomberg
Alibaba Group Holding Ltd (NYSE:BABA) and Tencent Holdings Ltd (OTC:TCEHY) backed Chinese startup Xiaohongshu, or “Little Red Book,” is weighing a…
EU Questions Microsoft Peers Following Slack’s Complaint
The European Commission probes Microsoft Corp’s (NASDAQ:MSFT) rivals if its Teams app bundled with its Office product gives it more…
Meituan Shares Gain On Reaching Antitrust Settlement
Chinese food-delivery firm Meituan (OTC:MPNGF) paid a penalty of over $533 million for engaging in anticompetitive practices, the Wall Street Journal…
Lawmakers Pitch FTC To Rein Facebook, YouTube For Safety Of Children
Three U.S. Democratic lawmakers on Friday urged the Federal Trade Commission to ensure technology companies comply with policy…
After the Jobs Report, Investors are Looking at The Fed for Tapering Signals
Investors were in wait-and-see mode before the Employment Situation Report and then the volatility hit. Non-farm job growth was expected to be around 500,000 but the number was only 194,000. This shows how difficult predicting job growth has been during the pandemic.