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U.S. warning about Hong Kong indicators Washington may do extra: Lawyer
The U.S. has issued a warning to U.S. companies operating in Hong Kong — signaling that Washington could take further action, says a lawyer who specializes in international trade compliance. Adam Smith, a partner at law firm Gibson, Dunn & Crutcher, said Friday’s financial and regulatory risks advisory was “quite substantial” but it “doesn’t actually…
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Israeli spyware and adware used to focus on telephones of journalists and activists, investigation finds
An Israeli woman uses her iPhone in front of the building housing the Israeli NSO group, on August 28, 2016, in Herzliya, near Tel Aviv. Jack Guez | AFP | Getty Images Private Israeli spy software was used to hack dozens of smartphones that belonged to reporters, human rights activists, business executives and the fiancee…
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How the US grew to become the world’s new Bitcoin mining hub
Long before China decided to kick out all of its bitcoin miners, they were already leaving in droves, and new data from Cambridge University shows they were likely headed for the US. The US has quickly become the new darling of the Bitcoin mining world. It is the second largest mining destination in the world…
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ETF weighting and the common investor
Exchange traded fund weighting strategies are becoming increasingly important to investors. Long-time market observer and Wharton School professor Jeremy Siegel has argued for decades that investors should consider alternatives to popular capitalization-weighted funds, especially ETFs that weight their holdings based on fundamental factors such as earnings growth, dividends, or momentum. Now the tide is slowly…
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Apple removes Fakespot from App Retailer after Amazon complains
The Amazon shopping app in the Google Play Store on an Android smartphone. Christoph Dernbach | picture alliance | Getty Images Apple has removed Fakespot, a well-known app for detecting fake product reviews, from its App Store after Amazon complained the app provided misleading information and potential security risks. Fakespot’s app works by analyzing the…
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Unattainable Meals plans to convey out meatless hen nuggets this fall
Attendees visit the Impossible Foods booth at the 2020 Consumer Electronics Show (CES) in Las Vegas, Nevada on January 8, 2020. Robyn Beck | AFP | Getty Images Impossible Foods plans to add another meat substitute to its offering: plant-based chicken nuggets. The company will showcase the new product to US operators at a trade…
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Google separates with Cloud VP after staff complain about manifesto
Google Cloud headquarters sits in Sunnyvale, California. Google Cloud Google has parted ways with its VP of developer relations for Google Cloud after a contentious all-hands meeting. “I wanted to share that today is Amr Awadallah’s last day at Google,” wrote Vice President of Engineering & Product for Google Cloud Eyal Manor in an email…
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Blue Origin reveals Oliver Daemen flying to house with Jeff Bezos
Jeff Bezos walks out to where the New Shepard capsule landed in the Texas desert after a test flight in April 2021. Blue Origin The young physics student takes the place of the auction winner, who Blue Origin said could not fly on the mission “due to scheduling conflicts.” Blue Origin said the auction winner…
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China’s GDP grew 7.9% within the second quarter; Retail gross sales exceed expectations
A McDonald’s delivery worker walks past pig statues outside an art museum in Beijing on July 10, 2021. Jade Gao | AFP | Getty Images BEIJING – China reported GDP growth slightly below expectations in the second quarter, while retail sales and industrial production grew faster than forecast. The country’s gross domestic product rose 7.9%…
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Wholesale costs rose 7.3% in June from a 12 months in the past for brand spanking new file surge
Wholesale prices for June rose more than expected in another sign that inflation is moving at a faster pace than markets had anticipated. The producer price index, which measures what companies get for the goods they produce, increased 1% from May and jumped 7.3% on a year over year basis. That marked the second month…