He was the boss of a tech giant. Now he studies fish and rice. After appearing to fall out of favor with Chinese leaders following a 2020 speech he made criticizing financial regulation, Jack Ma, co-founder of Alibaba Group Holding ltd. generally kept a low profile. Far from the public eye, the 58-year-old multi-billionaire, who … Read more
The concern around TikTok in Washington is drawing new attention to how Chinese apps have become part of the fabric of young Americans’ lives and what makes them so popular. Four of the top five most popular apps in the US in March were forged in China. Algorithms are often cited as their secret sauce. … Read more
I am try to get outside advice on the possibility of retiring in the next 5 For 7 years. I amI have to work until I’m 59.5 to be able to start using the retirement funds. We have about $1.4 million in 401(k) and Roth accounts, $30,000 in stock, a rental house we owe $245,000 … Read more
A tumultuous week in U.S. financial markets ended on an uncertain note on Friday after a massive injection of $30 billion in deposits from major banks into First Republic Bank failed to calm investors. Last week, the sudden collapse of three US banks – Silvergate Capital, Signature Bank SBNY and Silicon Valley Bank – began … Read more
General dollar Corp. CEO -2.96% plans to invest an additional $100 million in its stores, mostly in staffing, as it seeks to attract more shoppers looking for bargains from rivals. Chief executive Jeff Owen said on Thursday that the investment in additional working hours should build on its continued sales growth and capture market share … Read more
WASHINGTON — The Justice Department and the Securities and Exchange Commission are investigating the collapse of Silicon Valley Bank, people familiar with the matter say, after the California lender was taken over by regulators last week amid a historic race on its deposits. The separate investigations are in their preliminary stages and cannot lead to … Read more
After a frantic weekend of regulators to the rescue that sparked a rally for US stock futures on Sunday night, the mood turned more cautious, with the exception of tech futures still celebrating. Is that many banks are in the red before the opening on Monday. Nervous investors may be wary of more shoes dropping … Read more
BARCELONA – I used my face to open doors for me. On Monday, I walked into a conference center and, instead of showing a badge with my name and picture, I positioned myself in front of a head-height camera the size of my fist. A few seconds later, the screen said: “PLEASE ENTER”. No one … Read more
The Biden administration is considering revoking export licenses issued to U.S. vendors for sales to Chinese telecommunications firm Huawei Technologies Co., people familiar with the matter say, as part of a broader tech trade tightening for reasons of national security. The administration had previously indicated that it was considering not granting new export licenses to … Read more
