Technology companies led a rally on Wall Street that powered the S&P 500 to an all-time high and gave the index its best weekly gain since February. The S&P 500 rose 1%, enough to recoup its losses from a day earlier. The benchmark index closed higher four of the last five days, finishing 3.8% higher […]
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General Motors’ Cruise autonomous vehicle subsidiary plans to start running a fully autonomous taxi service in San Francisco next year. Doug Parks, GM’s product development and purchasing chief, told analysts Thursday that he has ridden in a Cruise vehicle with no driver and the company is very close to deploying the service. “The technology is […]
In its bid for Julian Assange extradition, the U.S. government won on Friday an appeal in its year-long battle to involve the WikiLeaks founder in litigation, to face charges of espionage for publicizing confidential documents from the State Department. In January, the UK high court ruled that the founder will not be expedited for the […]
Companies of all sizes are rethinking their plans to send workers back to the office as the new omicron variant adds another layer of uncertainty. Alphabet’s Google and the nation’s second largest automaker Ford Co. are among those once again delaying their return-to-office plans, while other businesses whose employees have already returned are considering adding […]
At a table scattered with tools and wires, volunteer repairers sit across from the owners of an assortment of inoperable electronics. The volunteers at a free “repair cafe” in Copenhagen disassemble and diagnose gadgets while the customers watch, each doing their part for the environment – one broken blender, radio or laptop at a time. […]
A major outage in Amazon’s cloud computing network Tuesday severely disrupted services at a wide range of U.S. companies for more than five hours, the latest sign of just how concentrated the business of keeping the internet running has become. The incident at Amazon Web Services mostly affected the eastern U.S., but still impacted everything […]
Regulators are looking into the deal that would bring Donald Trump’s new social media company to the stock market, one that has attracted both legions of fans of the former president and people looking to make a quick profit. The company partnering with Trump Media & Technology Group acknowledged the inquiries in a filing it […]
China’s exports rose by double digits in November but growth declined, while imports accelerated in a sign of stronger domestic demand. Exports rose 21.4% over a year earlier to $325.5 billion, decelerating from October’s 27.1% growth, customs data showed Tuesday. Imports surged 31.7% to $253.8 billion, up from the previous month’s 20.6% rate. China’s exports […]
China’s largest e-commerce group Alibaba said Monday it is appointing a new chief financial officer and reorganizing its e-commerce businesses amid a regulatory crackdown in the technology industry. The company said in a statement Monday that Toby Xu will succeed Maggie Wu as its new CFO from April 1, 2022. Xu joined Alibaba from PricewaterhouseCoopers […]
Chinese companies will have to disclose more information about audits and whether they are controlled by a government or else leave U.S. stock markets under a rule approved by securities regulators. The rule approved Thursday by the Securities and Exchange Commission steps up a long-running standoff between Washington and Beijing over how much information companies […]