Retail sales posted a surprise gain in August despite fears that escalating Covid cases and supply chain issues would hold back consumers, the Census Bureau reported Thursday. Sales increased 0.7% for the month against the Dow Jones estimate of a decline of 0.8%. A separate economic report showed that weekly jobless claims increased to 332,000
The former president of Google China warned that the West should be careful not to overstate or misinterpret the recently introduced regulations by Beijing that have hurt the likes of Alibaba, Tencent and Didi. Kai-Fu Lee, who now invests in Chinese start-ups through his venture capital firm Sinovation Ventures, told CNBC Tuesday that China is merely regulating a handful of large
PUBLISHED WED, SEP 8 20217:02 AM EDTUPDATED 9 MIN AGO Jesse [email protected] A Wall Street sign is pictured at the New York Stock exchange (NYSE) in New York, March 9, 2020. Carlo Allegri | Reuters The stock market still has upside after a dramatic bounce-back from 2020′s pandemic sell-off and double-digit gains this year, according
PUBLISHED TUE, SEP 7 20216:22 AM EDTUPDATED 4 HOURS AGO Jesse [email protected] Food is served at an outdoor restaurant in New York, August 3, 2021. Caitlin Ochs | Reuters Economists at Goldman Sachs have downgraded their outlook for U.S. economic growth, saying in a note to clients that the impact from the delta variant of
TAIPEI -- Key Apple supplier Foxconn Technology Group is aiming to control up to 10% of the global market for electric vehicle platforms by 2025 as it seeks new growth drivers to offset the long slowdown in the smartphone industry. Foxconn, formally known as Hon Hai Precision Industry, unveiled its first open platform for electric
The Apple Watch may eventually have features like blood pressure monitoring and a thermometer. A new version is expected in September, when Apple typically debuts new products. The company may face delays in the technology as they continue to develop healthcare wearables. Ahead of Apple's expected 2021 keynote event, rumors are circulating on features the
PUBLISHED TUE, AUG 31 202111:07 AM EDTUPDATED 34 MIN AGO Hannah [email protected]_ In this article AAPL-0.74 (-0.48%) An Apple logo seen displayed on a smartphone with stock market values in the background. SOPA Images | LightRocket | Getty Images If Apple releases an electric vehicle by 2025, it could sell 1.5 million cars by 2030, investment
PUBLISHED TUE, AUG 31 202112:29 PM EDTUPDATED 2 HOURS AGO Jesse [email protected] In this article UBSG-CH-0.06 (-0.39%) A woman takes a selfie with the ‘Charging Bull’ statue on February 17, 2021 in New York City. Angela Weiss | AFP | Getty Images The S&P 500 is up 20% year to date and on the verge of
Tuesday, August 24, 2021 03:02 PM By Björn van Roye (Economist) and Tom Orlik (Economist) (Bloomberg Economics) -- A roaring U.S. recovery, the highest inflation since 2008 and a historical low for real yields make strange companions. Bloomberg Economics’ analysis suggests that it’s a combination of Federal Reserve asset purchases and continued uncertainty about the outlook that’s depressing
During the pandemic, the internet kept Americans going as much as highways and rails. Now, a $1 trillion infrastructure bill passed by the Senate on Tuesday is set to inject money into expanding broadband access and bring funding to other parts of the tech sector, including electric vehicles. At the same time, the bill includes new tax