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| November 15, 2018

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Tech, financial stocks drag down market for S&P 500’s fifth consecutive loss

November 14, 2018 |

A turbulent day of trading on Wall Street ended Wednesday with a fifth consecutive loss for the benchmark S&P 500 index.

An early rally drove major indexes sharply higher but was gone by midday, leaving the market headed lower for the rest of the day. The Dow Jones industrial average swung from…


L.A. Times – Business

Stocks fall sharply as tech firms drop; oil prices rise

November 12, 2018 |

A broad sell-off in technology companies pulled U.S. stocks sharply lower Monday, knocking off more than 450 points from the Dow Jones industrial average. Apple, Amazon and other big names fell. Banks and consumer-focused companies and media and communications stocks also took heavy losses. Crude…


L.A. Times – Business

Stocks skid as oil plunge continues; tech sector also falls

November 9, 2018 |

U.S. stocks are falling Friday as technology and internet companies take steep losses.

Energy companies are also lower as crude oil heads for its 10th drop in a row. The price of oil has been falling steadily since early October and is now trading at its lowest price since March, causing steep…


L.A. Times – Business

Bay Area voters decide tech industry should pay its dues

November 8, 2018 |

The technology industry has turned the Bay Area into an economic powerhouse that many of the world’s most valuable companies call home. But the influx of well-paid tech workers has also clogged the region’s infrastructure and sent housing prices soaring, exacerbating a homelessness crisis on the…


L.A. Times – Business

Industrial and tech firms lead U.S. stocks higher

November 6, 2018 |

U.S. stocks rose Tuesday as industrial and technology companies recovered some of the big losses they took over the last month. Strong company earnings also contributed to the gains, but stocks stayed calm as traders waited for results from the midterm election.

Industrial and basic materials companies…


L.A. Times – Business

CNN

Why China’s tech giants are cozying up to the Communist Party

November 6, 2018 |

China’s biggest ride-hailing company has a new plan to beef up customer service: hire 1,000 members of the ruling Communist Party.
CNN.com – RSS Channel – World

Trump and Xi Talk as U.S.-China Tech Fight Brews

November 2, 2018 |

President Trump said he had a “very good conversation” with President Xi Jinping of China that signaled progress in the nations’ trade dispute, hours before federal prosecutors unsealed charges against a Chinese technology firm for allegedly stealing trade secrets.
WSJ.com: What’s News Asia

American Tech Firms Are Winning the R&D Spending Race With China

October 30, 2018 |

As the U.S. and China tussle over trade and technology, American companies maintain a major advantage over their rivals in a critical area: spending on research and development.
WSJ.com: What’s News Asia

U.K. targets tech giants with a digital services tax that starts in 2020

October 30, 2018 |

Commonly seen as a tech-friendly hub, the U.K. is now targeting the likes of Alphabet Inc. and Facebook Inc. by introducing a digital services tax, joining the growing chorus against cash-rich tech giants.

U.K. Chancellor of the Exchequer Philip Hammond unveiled the measure in his autumn budget…


L.A. Times – Business

Stocks Slump on Tech Worries

October 27, 2018 |

A slump in tech and internet stocks spread, with the S&P 500 narrowly escaping joining the Nasdaq Composite in correction territory as investors continued an October retreat from risky assets.
WSJ.com: What’s News Asia