Singapore’s sovereign wealth fund GIC, among the world’s biggest investors, said it was turning cautious and expected returns to slow over the next decade, given high valuations, uncertainty over monetary policy and modest economic growth. “Compared to last year, the world has become more uncertain … but the market seems quite happy,” GIC CEO Lim […]
Read moreSilicon Valley startup Stripe has partnered with digital payment providers Alipay and WeChat Pay to enable merchants using its platform globally to accept payments from hundreds of millions of Chinese consumers. Starting Sunday, the partnerships allows online merchants using Stripe to integrate the ability for Chinese users to pay with Alipay and WeChat Pay on […]
Read moreSomeday soon, more U.S. households will be subscribers of Amazon Prime than cable or satellite TV, according to recent estimates of Amazon’s popular shipping and entertainment service. According to estimates from Morningstar, nearly 79 million U.S. households now have an Amazon Prime membership*, up from around 66 million at the end of last year. That […]
Read moreAs the market shifts away from small cars, Mini has had to grow its lineup to include a slew of two- and four-door models to compete in more profitable segments. That all started in 2007, when Mini launched the Clubman, a four-door, split-tailgate version of the retro-modern Mini Cooper. Now, the Clubman is in it’s […]
Read moreDuring Maria Klawe’s 11-year run as president of Harvey Mudd College, she’s turned the school’s prestigious computer science program into a hotbed for aspiring female developers. Graduates from the small Southern California college are all over the industry, at places like Google, SpaceX, Yelp and Airbnb. Despite her role championing women in tech, Klawe has […]
Read moreArtificial intelligence, or AI, is a real and growing part of our lives. From voice-controlled assistants to online ordering to self driving cars in development, AI is the brains behind computer software. As it improves computers, making them faster and smarter, is this technology a threat? “I wouldn’t see it as a threat, necessarily,” Recode […]
Read moreU.S. President Donald Trump said in a tweet on Sunday that he discussed forming a cyber security unit to guard against election hacking with Russian President Vladimir Putin. Tweeting after his first meeting with Putin on Saturday, Trump said now was the time to work constructively with Moscow. “Putin & I discussed forming an impenetrable […]
Read moreCurrency, United States Finance
French deficit pledge will help euro zone budget discussions, ECB's Coeure says
The French government’s renewed commitment to bring its budget deficit in line with an EU limit is good not only for France but for upcoming euro zone discussions on budgets, ECB Executive Board member Benoit Coeure said on Sunday. The French government has committed to stick to plans to cut the deficit to 3 percent […]
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UK-US trade deal wouldn't be enough to make up for leaving the EU – minister
A post-Brexit trade deal with the United States would not be enough on its own to make up for leaving the European Union, British justice minister David Lidington said on Sunday. U.S. President Donald Trump on Saturday met with British Prime Minister Theresa May and said he hoped the United States can quickly seal a […]
Read moreSome strategists say that slumping shares of Tesla could be in for even deeper losses, as the auto maker faces big tests of investor sentiment and its business strategy. Tesla stock ended its worst weekly run in about a year and a half, dropping over 13 percent this week and briefly dipping into a bear […]
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