Congress grills tech CEOs in wide-ranging hearing on monopoly, political bias, China and more
The chiefs of four of the biggest tech companies in the world — Amazon, Apple, Facebook and Google — faced lawmakers Wednesday for a hearing on digital competition that could have cataclysmic impact on an industry largely unhindered by…
Arm Accuses China Venture Ex-CEO of Blocking its Business
(Bloomberg) — Arm Ltd., the chip designer owned by SoftBank Group Corp., accused the ousted head of its China joint venture of hurting its business there, escalating a dispute that’s becoming a test of Beijing’s willingness to protect foreign…
What to know about China, UAE and US missions to Mars this summer
Like something out of a science fiction film, three nations on Earth are heading to Mars this month — commencing a new, deep space race to explore the Red Planet. Earlier this month, the United Arab Emirates launched its first-ever deep space…
Microsoft, Tesla Earnings After Close, With China Tension To Start Session
The market’s age-old nemesis, tension with China, threatens to derail what started out as a pretty decent week. Earnings take center stage later on. The U.S. ordered China’s consulate in Houston shut “to protect American intellectual property.” China…
Sohu.com, Noah, 58.com, DouYu International and China Automotive Systems
For Immediate Release Chicago, IL – July 20, 2020 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks…
Xpeng Raises $500 Million Even as China EV Market Sputters
(Bloomberg) — Electric-vehicle maker Xpeng Motors Technology Ltd. raised about $500 million from a group of venture investors, showing Chinese startups with promising car models can attract funding even as the industry’s sales slump. Investors in…
Betting on Offshore Oil and Gas could be Challenging, as Sector Hit by COVID and China Risks
A long list of international offshore drilling operators are reporting negative figures, or are even going out of business. The hey-days of the GOM, North Sea or West Africa are already long over, but even new emerging plays in Brazil, Arctic, Middle…
A Million-Mile Battery From China Could Power Your Electric Car
(Bloomberg) — The Chinese behemoth that makes electric-car batteries for Tesla Inc. and Volkswagen AG developed a power pack that lasts more than a million miles — an industry landmark and a potential boon for automakers trying to sway…