May 22, 2019

Renewed U.S.-China trade tensions push down Wall Street

Wall Street’s major indexes dipped on Wednesday as inflamed trade tensions between the United States and China weighed on investor sentiment. Powered by WPeMatico
May 22, 2019

Musk’s SpaceX sues U.S. Air Force over rocket-building contracts: filings

Billionaire Elon Musk’s SpaceX accused the U.S. Air Force of breaking contracting rules when it awarded money to three rocket makers but passed on Musk’s rival […]
May 22, 2019

Investors seek safety on threat of wider U.S.-China spat

Global equity markets slid on Wednesday as investors sought safety in bonds, the Japanese yen and Swiss franc amid renewed worries over the U.S.-China trade standoff […]
May 22, 2019

Chip designer ARM halts work with Huawei after U.S. ban

British chip designer ARM has halted relations with Huawei in order to comply with a U.S. blockade of the company, potentially crippling the Chinese company’s ability […]
May 22, 2019

Fed’s patience on interest rates to last ‘for some time’

U.S. Federal Reserve officials at their last meeting agreed that their current patient approach to setting monetary policy could remain in place “for some time,” a […]
May 22, 2019

Amazon shareholders reject facial recognition ban as concern grows in U.S. Congress

Amazon.com Inc said shareholders rejected proposals to curb and audit its facial recognition service on Wednesday, just as members of Congress indicated there was bipartisan support […]
May 22, 2019

Lloyd’s of London plans to merge governance bodies -source

Lloyd’s of London is proposing merging two of its governance bodies, the council and the board which together oversee the insurance market, to reduce overlap, a […]
May 22, 2019

Citing Reuters report, health groups push tech firms to police tobacco marketing

More than 100 public health and anti-tobacco organizations are calling on Facebook Inc, Instagram, Twitter and Snap Inc to take “swift action” to curb advertising of […]
May 22, 2019

U.S. Justice Department staff recommends blocking T-Mobile-Sprint deal, sources say

The U.S. Justice Department’s antitrust division staff has recommended the agency block T-Mobile US Inc’s $26 billion acquisition of smaller rival Sprint Corp, according to two […]
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