It rained for most of my time with the Jetta in DC, so some of these are going to be VW's stock images. (Expect to see more of this—it was an epically wet summer, in fact. Which is why more people need to start driving BEVs and taking public transport, but that's a rant for…
President Donald Trump teased a prospective trade deal with China on Friday, but many analysts are skeptical the trade war is going to end anytime soon. Trump told reporters before leaving the White House that the US is "close to doing something" with China to ease the ongoing trade war between the two countries. "I…
LONDON — Stocks are sinking, again, after disappointing earnings reports from US tech giants Amazon, Google and Snap weighed on an already gloomy global sentiment in markets this week. US stocks have been having a rocky "red October," with catalysts ranging from fears about a China trade war, the Fed raising interest rates, and a…
WHEN historians gaze back at the early 21st century, they will identify two seismic shocks. The first was the terrorist attacks of September 11th 2001, the second the global financial crisis, which boiled over ten years ago this month with the collapse of Lehman Brothers. September 11th led to wars, Lehman’s bankruptcy to an economic…
Enlarge / Elon Musk in 2004, the year he became chairman of the board at a tiny electric car startup called Tesla. Tesla's battle with the Securities and Exchange Commission could be the company's biggest crisis in almost a decade. And it all started with a tweet. "Am considering taking Tesla private at $420," Musk…
JPMorgan Chase CEO Jamie Dimon isn't shy about apportioning blame for a worse-than-possible economic recovery, saying it would have been twice as strong but for a collection of bad policies. "It was nine years, 20% growth; it should have been nine years, 40% growth," Dimon said in a late July interview with Business Insider. "What…
Chinese stocks took a hammering Monday as traders returned to work after a weeklong holiday in the world's second-largest economy. Losses on major indexes in mainland China were as high as 4.8% in a major market rout, with the China A50, which includes major companies from both the Shenzhen and Shanghai indexes, as the biggest…
JPMorgan’s third-quarter earnings report offered both a bang and a whimper. The whimper echoed louder in the ears of investors. The bang: JPMorgan’s revenue rose 5.2% to $27.8 billion, beating analyst expectations by $380 million. Earnings came in at $2.34 a share, again beating forecasts by eight cents. For a few glorious moments, investors cheered…
LONDON (Reuters) - Prime Minister Theresa May will on Monday say that 95 percent of Britain’s Brexit deal has been agreed but repeat her opposition to a European Union proposal for the Irish border, a major stumbling block, as criticism within her party grows. FILE PHOTO: Britain's Prime Minister Theresa May leaves a news conference…
BEFORE HU JINZHOU began his climb into the foothills of fame, as a professional player of computer games in China’s multi-billion-dollar livestream industry, he was a schoolboy tearaway. He got into playground fights, tried to sell his textbooks to classmates and sneaked out after dark for some online gaming. Back then, Mr Hu’s reluctance to…
