Tag Archives: faces

(Bloomberg) — Pony Ma’s Tencent Holdings Ltd. has been put on notice. Asia’s largest conglomerate was censured by China’s antitrust watchdog on Friday as Beijing expands a crackdown that began with Jack Ma’s online empire. The token fine is just the beginning. China’s top financial regulators see Tencent as the next target for increased supervision after the clamp down on Jack Ma’s Ant Group Co., according to people with knowledge of their thinking. Like Ant, Tencent will probably… Source link

TipRanks Billionaire Ray Dalio Places Bet on 3 “Strong Buy” Stocks When billionaire financier Ray Dalio makes a move, Wall Street pays attention. Dalio, who got his start working on the floor of the New York Stock Exchange trading commodity futures, founded the world’s largest hedge fund, Bridgewater Associates, in 1975. With the firm managing about $140 billion in global investments and Dalio’s own net worth coming at $17 billion, he has earned legendary status on Wall Street. Summing… Source link

Benzinga What Keystone Pipeline Cancellation Means For Crude-by-rail President Joe Biden’s revocation of the March 2019 permit enabling the construction of the Keystone XL pipeline will likely result in more crude-by-rail volumes, according to industry observers. But how much volumes will increase could largely depend on the price that heavy crude oil can fetch in the global market. “The cancellation of the Keystone pipeline project was inevitable once the government changed. Despite its… Source link

When will your next stimulus check go out? Congress faces a deadline Legislation to give you a third COVID stimulus check — for up to $1,400 this time — is sprinting through Congress, clearing hurdles like an Olympian. And the finish line is in sight. A powerful committee in the House gave its approval last week, and Speaker Nancy Pelosi (pictured, with Senate Majority Leader Chuck Schumer) revealed that lawmakers are racing to beat a looming deadline. Congressional leaders already have the… Source link

Following the election of President Trump in 2016, a growing number of software engineers and product developers began to question Silicon Valley contracts with the U.S. military and police departments. They formed into activist groups like the Tech Workers Coalition and publicly challenged management decisions. The Google walkout in 2018 was the most dramatic public showing of this growing discontent. Last year, a group of about 80 subcontracted white-collar workers at a Google office… Source link

Google’s philanthropic arm plans to spend nearly $250,000 to cover application fees for immigrants brought to the U.S. illegally as children and who are seeking protection from deportation under an Obama-era program. Google.org announced Wednesday it would donate the money to the nonprofit United We Dream. The funds will benefit about 500… Source link

U.K. antitrust officials are investigating whether Google’s plan to remove some user-tracking tools from its Chrome browser could hurt competition in the online-advertising industry. The U.K.’s Competition and Markets Authority said it has opened a formal probe into Google’s plan for Chrome to end support next year of a technology called third-party cookies, which many companies use to track individuals’ browsing habits across multiple websites. The… Source link

(Bloomberg) — It’s been a tough year by all accounts. But for Bitcoin, 2020 has been a marvelous time. The cryptocurrency almost quadrupled, surpassing $20,000 for the first time as it notched record after record. The diehards cheered it as an inflation hedge in an era of unprecedented central bank largesse. Wall Street veterans from Paul Tudor Jones to Stanley Druckenmiller blessed it as an alternative asset, adding to the rally. And companies like MicroStrategy Inc. and Square Inc. moved… Source link