This is Asia's top-performing economy in the Covid pandemic ? it's not China

Few economies grew in 2020 when lockdown measures around the world to contain the coronavirus brought much economic activity to a halt.

Welcome to the super cycle: Apple just had the best quarter in the history of the smartphone

Analysts saw this year's iPhone 12 models as a good candidate for a super-cycle because they sported a new design and added 5G.

GameStop and AMC are dropping in overnight trading after explosive rally

The pair have been popular targets in the "Wallstreetbets" Reddit chat room where a wave of at-home traders focus on heavily shorted stocks.

Asia-Pacific stocks fall after overnight plunge on Wall Street

Overnight on Wall Street, the S&P 500 wiped out its 2021 gains and dropped into negative territory for the year.

Stock futures flat after a steep sell-off on Wall Street, Apple and Tesla fall after earnings

The market is poised to extend a sharp sell-off amid concerns about heightened speculative trading.

Federal Reserve leaves interest rates and asset purchases unchanged, sees growth slowing

The central bank kept its foot to the floor in terms of the help it is providing for an economy that central bank officials say has slowed down.

GameStop mania explained: How the Reddit retail trading crowd ran over Wall Street pros

"Retail investors with the help of technology acting as a union in attacking is a new phenomenon," said an investor.

Huawei exec who turned the Chinese firm into smartphone giant takes the reins at the cloud and A.I. unit

As Huawei's smartphone business declines, Richard Yu will be tasked with turning the company into a cloud computing and artificial intelligence giant.

TikTok cuts jobs in India, not clear if it can make a comeback after prolonged ban

ByteDance is reducing the size of its TikTok team in India, months after the popular short video app remains banned in one of its most important markets.

Reddit group WallStreetBets is public again after briefly going private

The community gathered an army of rookie day traders who go after heavily shorted stocks, pushing share prices higher and squeezing out hedge funds.

Putin warns of 'all against all' fight if global tensions are not resolved

Russian President Vladimir Putin warned the World Economic Forum that the coronavirus pandemic has exacerbated preexisting imbalances and tensions.

Secretary of State Blinken takes aim at Russia's treatment of opposition leader Navalny

Secretary Antony Blinken in his first news conference discussed actions surrounding the treatment of Alexei Navalny and U.S. policy toward Russia.

Tesla misses on earnings, expects 50% average annual growth in deliveries going forward

Tesla missed on earnings but reported positive cash flow and said it expects to increase vehicle deliveries by 50% each year going forward.

Facebook will stop recommending political groups permanently

Facebook CEO Mark Zuckerberg on Wednesday announced that the company will no longer recommend civic and political groups to its users.

Dow drops more than 600 points for its worst day since October, S&P 500 goes red for the year

U.S. stocks fell sharply on Wednesday amid disappointing earnings, while concern about heightened speculative trading activity deepened.

Chinese electric carmaker Xpeng rolls out autonomous highway driving features in challenge to Tesla

Xpeng Motors' Navigation Guided Pilot or NGP is rolling out to eligible customers of its P7 sedan in a challenge to Tesla's own software.

Fourth quarter GDP to show businesses spent, but consumers held back

The economy continued to chug along in the fourth quarter, boosted by a surge in business spending while consumers held back.

Facebook earnings beat but the company warns of impact from Apple privacy changes

Facebook warned that the looming changes in Apple's iOS 14 and a reversal in pandemic trends could hurt its advertising business.

HHS misused millions in health emergency funds over years, watchdog says

Misuse of funds at the Biomedical Advanced Research and Development Authority was so common that officials called it the "Bank of BARDA," the watchdog said.

AstraZeneca defends slow supplies to the EU, but says it ordered 3 months later than the UK

AstraZeneca has defended its delayed rollout of the coronavirus vaccine to the EU, but said the bloc had ordered later than others.

Boeing posts record annual loss, pushes out 777X deliveries to late 2023

Boeing's loss worsened after the company pushed out deliveries of its 777X plane to late 2023.

?Roaring 20s? after the pandemic? Big banks warn be careful what you wish for

Barclays CEO Jes Staley has compared the pent up demand currently in the global economy to the end of the 1918 flu pandemic and the subsequent "Roaring 20s."

AMC share price quadruples as retail traders raid hedge-fund short targets

Shares of AMC jumped more than 300% at the opening bell on Wednesday amid wild trading activity.

GameStop jumps more than 130% even as hedge funds cover short bets, scrutiny of rally intensifies

The latest move higher comes as some of the high-profile short sellers announced that they covered most or all of their positions.

DeepMind co-founder was investigated by a law firm following staff complaints on his management style

The truth about why DeepMind's Mustafa Suleyman left the company he co-founded and joined Google may finally be coming out.

Russia?s Putin says U.S. social media giants are now competing with elected governments

"Digital giants have been playing an increasingly significant role in wider society," Putin told the World Economic Forum

Goldman Sachs CEO David Solomon gets $10 million pay cut over bank's role in 1MDB scandal

The pay cut for Solomon reflects prior penalties imposed on the bank and not Solomon's own conduct, the SEC filing said.

Euro nations want to shake up their debt rules ? and it could spell trouble in bond markets

The euro zone wants to update its fiscal rules but it could spark nervousness among investors.

GameStop jumps after hours as Elon Musk tweets out Reddit board that's hyping stock

Shares of GameStop, which jumped 92.7% in trading, were up more than 60% in after-hours trading.

Expect 'tough' quarters ahead as chipmakers look to catch up with auto sector demand, Credit Suisse says

It will take months for chipmakers to catch up with a shortfall in supply for the auto sector, predicts Credit Suisse's Randy Abrams.


©MMVIII pretome.info