The relentless selloff in Chinese stocks has made the market the worst performer in the world over the past three years. And that is exactly the reason some funds are looking to unearth pockets of value.
House Foreign Affairs Committee Chairman Michael McCaul says Congress needs to tighten restrictions on US firms’ investment in China beyond those proposed by President Joe Biden earlier this summer, as recent breakthroughs in Chinese technology have spurred debate over the effectiveness of Washington’s controls.
John Giannandrea, a former top Google executive who decamped to Apple Inc. to head its artificial intelligence business, pointed out a quiet change in the latest iPhone software update that allows users to select a search engine other than Google’s when browsing the internet in private mode.
For stock investors for much of this year, the trillion-dollar AI promise has masked a big threat in this era of Federal Reserve hawkishness: Real-world borrowing costs have jumped across Corporate America.
The US Supreme Court extended its temporary pause on a lower-court ruling that would restrict the Biden administration’s contacts with social media companies.
As the $69 billion deal between Microsoft Corp. and Activision Blizzard Inc. looks ever more likely to win approval in the UK, the gap between the video-game maker’s stock price and takeover offer is narrowing.
Treasuries rebounded and stocks struggled at the end of a jittery week that saw investors positioning for a higher-for-longer Federal Reserve stance.
Public blockchain technology isn’t close to being compatible with the demands of fully powering the biggest video games, despite pushes by game studios to engage in the space.
CoinShares, one of Europe’s largest cryptocurrency asset managers, is starting a hedge fund division as it seeks to make inroads with American investors.
FTX Chief Executive and Restructuring Officer John J. Ray, whose team is overseeing a mammoth asset recovery task after the crypto exchange’s collapse, is accelerating efforts to recoup billion of dollars just weeks before FTX founder Sam Bankman-Fried heads to trial for what has been called one of the biggest financial frauds in American history.
