Retail sales post surprise gain as consumers show strength despite delta fears

September 16th, 2021|

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

West shouldn’t misinterpret or overstate Beijing’s new tech regulations, ex-Google China exec says

September 15th, 2021|

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

Foxconn aims for 10% of electric car platform market by 2025

September 1st, 2021|

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 rumored Apple Watch features hint at the tech giant’s bigger plans to make the wearable and indispensable healthcare device.

September 1st, 2021|

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

U.S. INSIGHT: Fed Tapers, Then What? Modeling the Impact

August 25th, 2021|

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

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