Asian markets looked set to slip on Monday after tariffs announced by the U.S. on Chinese goods last week were met with swift retaliation from Beijing. Futures tipped a lower open for Japan, with Nikkei futures traded in Chicago last lower by 0.18 percent compared to the index’s Friday close. Australian SPI futures, meanwhile, were […]
Read moreFord Motor plans to release details of its planned conversion of the long-vacant Michigan Central train station just west of downtown Detroit. The Dearborn-based automaker recently bought the 105-year-old building and is expected to redevelop the 500,000-square-foot (46,000-square-meter) structure as part of its plans for a campus focusing on autonomous vehicles. The station, which looms […]
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A software update to the iPhone in the next few months lets you create a digital animated version of yourself that you can send to friends. It’s a custom version of Apple‘s Animoji called Memoji, and I’ve been trying it on the developer beta of iOS 12. It will eventually be available to the iPhone […]
Read moreOne of Wall Street’s most established tech investors believes the historic tech rally will break down. Sloy, Dahl & Holst’s Paul Meeks blames frothy valuations. “The valuations are not pre-internet bubble popping valuations, but they still are extreme,” the firm’s chief investment officer said Friday on CNBC’s “Trading Nation.” The tech heavy Nasdaq has surged […]
Read moreOne year ago Saturday, Amazon announced it would take over Whole Foods in a $13.7 billion deal that shook the grocery industry. Since then, a number of e-commerce start-ups have scored paydays from big retailers. Walmart bought Flipkart, Target acquired Shipt, and Kroger invested in Ocado, for example. But there’s been another surprising beneficiary in […]
Read moreChinese drone giant DJI is building the headquarters of the future. The company, known for making popular consumer drones, teamed up with Foster + Partners, a leading architectural firm, to design a new home base in Shenzhen, China. The building was designed to resemble a “floating community in the sky,” and will feature twin towers […]
Read moreGreek Prime Minister Alexis Tsipras survived a no-confidence motion in parliament on Saturday, setting the stage for the signing of a historic accord with neighboring Macedonia to settle a long dispute over the latter’s name. The motion brought by the opposition New Democracy party was rejected by 153 MPs, with 127 in favor. Political opponents […]
Read moreCurrency, United States Finance
UK national health service to get $26.5 billion boost post-Brexit, PM Theresa May says
British Prime Minister Theresa May pledged on Sunday to increase funding for the National Health Service (NHS) by 20 billion pounds ($26.5 billion) after Brexit, partly from tax hikes and partly from money that will no longer be going to the European Union. The announcement of more cash for the country’s healthcare system, a regular […]
Read moreOnly a few months ago, the global economy appeared to be humming, with all major nations growing in unison. Now, the world’s fortunes are imperiled by an unfolding trade war. As the Trump administration imposes tariffs on allies and rivals alike, provoking broad retaliation, global commerce is suffering disruption, flashing signs of strains that could […]
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