Category: Technology

Asia feels chill from Sino-U.S. tech cold war

WallStreetReview
Asia feels chill from Sino-U.S. tech cold war
SYDNEY (Reuters) – Asian shares were stuck in the red on Thursday amid worries the Sino-U.S. trade conflict was fast morphing into a technology cold war between the world’s two largest economies. FILE PHOTO: A man riding on a bicycle looks at an electronic board showing the Japan’s Nikkei average outside a brokerage in Tokyo February 24, 2015. REUTERS/Yuya Shino/File... Read More

Uber and Lyft to turn the wheels on car ownership: industry experts

WallStreetReview
Uber and Lyft to turn the wheels on car ownership: industry experts
TORONTO (Reuters) – Ride-hailing apps like those of Uber Technologies and Lyft Inc are expected to alter the state of car ownership towards subscription-based services and shared ownership, auto industry experts said at a conference on Wednesday. FILE PHOTO: The Logo of taxi company Uber is seen on the roof of a private hire taxi in Liverpool, Britain, April 15,... Read More

Next round of U.S. tariffs on China at least a month away: Mnuchin

WallStreetReview
Next round of U.S. tariffs on China at least a month away: Mnuchin
WASHINGTON/BEIJING (Reuters) – The United States is at least a month from enacting its proposed tariffs on $300 billion in Chinese imports as it studies the impact on American consumers, U.S. Treasury Secretary Steven Mnuchin said on Wednesday. Treasury Secretary Steven Mnuchin testifies before the House Financial Services Committee hearing on “The Annual Testimony of the Secretary of the Treasury... Read More

Renewed U.S.-China trade tensions push down Wall Street

WallStreetReview
Renewed U.S.-China trade tensions push down Wall Street
NEW YORK (Reuters) – Wall Street’s major indexes dipped on Wednesday as inflamed trade tensions between the United States and China weighed on investor sentiment. FILE PHOTO: Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., May 20, 2019. REUTERS/Brendan McDermid/File Photo A day after Washington’s temporary easing of curbs against Huawei Technology... Read More

Amazon shareholders reject facial recognition ban as concern grows in U.S. Congress

WallStreetReview
Amazon shareholders reject facial recognition ban as concern grows in U.S. Congress
(Reuters) – Amazon.com Inc on Wednesday said shareholders rejected proposals to curb and audit its facial recognition service, just as members of Congress indicated there was bipartisan support to one day regulate the technology. FILE PHOTO: The logo of Amazon is seen at the company logistics centre in Boves, France, May 13, 2019. REUTERS/Pascal Rossignol/File Photo In the past year... Read More

Trade tensions keep Wall Street lower ahead of Fed minutes

WallStreetReview
Trade tensions keep Wall Street lower ahead of Fed minutes
(Reuters) – U.S. stocks dipped on Wednesday, as reports that Washington could impose restrictions on another Chinese technology company fanned trade tensions, while investors awaited the release of minutes from the Federal Reserve’s latest policy meeting. Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., May 20, 2019. REUTERS/Brendan McDermid Fears that tit-for-tat... Read More

Mnuchin says more U.S. tariffs on China at least a month away

WallStreetReview
Mnuchin says more U.S. tariffs on China at least a month away
WASHINGTON/BEIJING (Reuters) – The United States is at least a month from enacting its proposed tariffs on $300 billion in Chinese imports as it studies the impact on consumers, U.S. Treasury Secretary Steven Mnuchin said on Wednesday. Treasury Secretary Steven Mnuchin testifies before the House Financial Services Committee hearing on “The Annual Testimony of the Secretary of the Treasury on... Read More

Meet ‘Digit’, the walking robot for Ford self-driving vans

WallStreetReview
Meet ‘Digit’, the walking robot for Ford self-driving vans
(Reuters) – Ford Motor Co said on Wednesday it was partnering with walking robots maker Agility Robotics as it designs a planned fleet of self-driving delivery vans that will drop packages at the doorsteps of people’s homes. An undated handout image of Digit, a two-legged walking robot that can lift packages that weigh up to 40 pounds. Tim LaBarge/Ford/Handout via... Read More