For the first time, the Food and Drug Administration has approved a digital pill — a medication embedded with a sensor that can tell doctors whether, and when, patients take their medicine. The approval, announced late on Monday, marks a significant advance in the growing field of digital devices designed to monitor medicine-taking and to […]
Read moreChina’s fixed-asset investment growth slowed to 7.3 percent in the January-October period, and came in slightly below market expectations. Analysts polled by Reuters had predicted investment growth of 7.4 percent. Private sector fixed-asset investment rose 5.8 percent in January-October, down from the first nine months of the year. Industrial output grew 6.2 percent in October […]
Read moreJapan’s SoftBank Group said on Tuesday that it was considering investing in Uber Technologies but there was no final agreement at this stage. “If conditions on share price and a minimum of shares are not satisfactory for the SoftBank Group side, there is a possibility the SoftBank Group may not make an investment,” it said […]
Read moreAmazon may not sell real tanks or fighter jets, but the Pentagon could soon be looking to buy other items in bulk from the e-commerce giant, according to a pending bill. The bill, formally known as the 2018 National Defense Authorization Act, is part of an annual measure that sets defense policy and authorizes spending […]
Read moreJia Yueting, the 44-year-old founder of Chinese tech company LeEco, once envisioned building a Chinese empire that would rival U.S. tech giants Netflix, Tesla and Apple all together. With that vision, Jia quickly expanded his company from a video streaming portal to a multinational conglomerate, or a “sharing ecosystem” as he called, selling products from […]
Read moreU.S. equities ended marginally higher on Monday as investor concerns about the progress in U.S. tax reform weighed on sentiment. In Asia, markets awaited the release of a slew of Chinese economic data points due later in the day. Proposed tax cuts were in focus stateside, with President Donald Trump joining the fray and calling […]
Read moreUsually, CNBC’s Jim Cramer is a big fan of corporate takeovers. “When one company buys another, it can create so much value that you want to slap yourself in the face, wondering why the heck they didn’t merge years ago,” the “Mad Money” host said. “Then there’s the pin action: whenever you get a deal, […]
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