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?
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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.
The Trump administration plans to finalise regulations this week that will bar the US government from buying goods or services from any company that uses products from five Chinese companies including Huawei.
Twitter has posted a job listing for Web engineers to build a new subscription-based platform, sending its shares surging on Wednesday.
Nvidia’s market valuation briefly topped Intel’s for the first time ever, powered by soaring demand for graphics chips in data centres and other fast-growing technology fields.
But pressure from the US has continued to grow and European governments and carriers have found themselves having to choose sides between two world powers.