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Bloomberg China Tech Crackdown Cycle Nearing an End, Top Investor Says (Bloomberg) — Beijing’s antitrust crackdown on homegrown tech giants may be coming to an end, leaving stock valuations of some of the major firms at attractive levels.That’s the view of Hyomi Jie at Fidelity International Ltd., whose China consumer equity funds oversee $7.3 billion in assets. One has beaten 96% of peers in the past year. Hong Kong-based Jie sold some of her holdings in Alibaba Group Holding Ltd. and… Source link

The Orlando Magic are launching a full rebuild, and they’ve already made one major change.  The Magic announced on Saturday that they’ve decided to part ways with head coach Steve Clifford. The move isn’t a firing, but reportedly a mutual decision.  Clifford, 59, became Magic head coach ahead of the 2018-2019 season. He led the team to a 42-40 record and a 33-40 record in his first two seasons, both of which ended with trips to the playoffs. They were eliminated in the first round both… Source link

Only one woman in history has run a faster women’s 100-meter than Shelly-Ann Fraser-Pryce did on Saturday: Florence Griffith Joyner. Jamaica’s Fraser-Pryce became the second-fastest woman ever with a magnificent 10.63 at a meet in Kingston on Saturday, blowing away her competition and obliterating the national record of 10.70 she shared with Elaine Thompson-Herah, who won the 100 gold at the 2016 Olympics.  Fraser-Pryce’s 10.63 is the fourth-fastest time ever recorded, and the fastest any… Source link

Chris Rock spoke to Insider in an interview about his former divorce lawyer, who is now representing Melinda Gates. Gilbert Carrasquillo/FilmMagic Chris Rock opened up about his experience with famed divorce lawyer Robert Stephan Cohen. Cohen is currently representing Melinda Gates, who could land the largest-ever divorce settlement. Rock said Cohen once told him the bitterest divorce disputes only amount to a fraction of what’s at stake. See more stories on Insider’s business page. In the worst… Source link

Gabrielle Cormier, 20, who is one of the youngest patients afflicted by extreme fatigue, involuntary jerking movements, memory lapses and hallucinations from a mysterious brain syndrome, sits for a portrait at her family’s home in Dalhousie Junction, Canada, May 20, 2021. (Chris Donovan/The New York Times) MONTREAL — Forty-eight people from the same small Canadian province struck with a baffling mix of symptoms including insomnia, impaired motor function and hallucinations such as… Source link

The Google logo is seen on on the company’s European headquarters in Dublin, Ireland, February 27, 2021. REUTERS/Clodagh Kilcoyne/File Photo Google (GOOGL.O) said on Saturday that it supports the work being done to update international tax rules after G7 finance ministers agreed to pursue a global minimum corporate tax of at least 15% and to reallocate taxing rights for large, profitable multinational companies. “We strongly support the work being done to update international tax rules…. Source link

A growing number of workers hesitant about taking the COVID-19 vaccine are taking their bosses to court. The swift adoption of synthetic biological cocktails to combat the pandemic, developed and scaled for human injection at record pace, is at the heart of an increasing number of lawsuits from workers. They argue that submitting to a novel drug to combat a still-mysterious virus shouldn’t be a condition of keeping their jobs. In one of the latest lawsuits, 117 unvaccinated Texas hospital… Source link

The May fell short of lofty expectations, adding fewer jobs than economists expected and underscoring the challenges the U.S. economy faces in trying to reboot the workforce after COVID-19 lockdowns. Small businesses are no exception. by the National Federation of Independent Business (NFIB) found that a record-high 48% of small business owners in May had unfilled job openings. Additionally, 34% of owners reported having to hike pay the highest reading in the past 12 months, and 22% more… Source link

The wisdom of age is having a moment. A creaky, taped-up, this’ll-hurt-in-the-morning moment, but still. Last week, Helio Castroneves won the Indy 500 at age 46. Last month, Phil Mickelson won the PGA Championship at age 50. Earlier this year, Tom Brady won the Super Bowl at age 43. Last fall, Sue Bird won her fourth WNBA title just days before turning 40.  Now here comes Serena Williams, 39 years old, twice the age of many of her contemporaries, firing her way into the round of 16 at the… Source link

Fossil’s Gen 5 watches, released over a year ago, are getting an upgrade in the fall. Fossil