India’s richest man surged past Silicon Valley tech titan Elon Musk as well as Google co-founders Sergey Brin and Larry Page to become the world’s sixth-richest person.
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Shares of Tesla ended down 3.1% on Monday, tapping the brakes on a rally that has boosted the electric car maker’s stock by over 40% in two weeks.
The UK is poised to ban Huawei Technologies from its next-generation mobile networks under a two-step plan to protect critical systems from security threats, a person familiar with the matter said.
Huawei Technologies on Monday reported a 13.1% rise in revenue in the first half of the year, showing slower growth as US officials continue to pressure the company’s suppliers and customers.
The US stock market has been on a tear for the past three months, and Big Tech gets much of the credit. But how can this possibly be when the coronavirus has inflicted so much damage?
White House adviser Peter Navarro said he expects US President Donald Trump to take “strong action” against Chinese-owned social media apps TikTok and WeChat for engaging in “information warfare” against the US.
Alibaba Group co-founder Jack Ma has cut his stake in the company over the past year to 4.8% from 6.4%, cashing out around $9.6-billion at its current share price.
Analog Devices is close to an all-stock agreement to acquire Maxim Integrated Products, according to people familiar with the matter.
Britain is betting that satellite operator OneWeb will help it boldly go into a post-Brexit era. But it faces formidable challenges to complete a working constellation and rebuild a collapsed venture.
Tesla appears on the verge of joining the S&P 500, a major accomplishment for CEO Elon Musk that would unleash a flood of new demand for the electric car maker’s shares.