Then, two years ago, Geely moved to purchase a 49% stake in Malaysian maker Proton, and a majority 51% in its Lotus subsidiary. The strategic logic behind the Proton move was obvious, giving Geely access to the heavily protected Malaysian market but also extr…
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Month: July 2019
Antitrust scrutiny isn’t stopping Big Tech from trying to get even bigger
New York (CNN Business)On Tuesday, representatives from Facebook(FB), Amazon(AMZN), Apple(AAPL) and Google(GOOG) are set to testify at a House hearing on “online platforms and market power,” in what could be the industry’s most high-profile grilling session s…
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A Wall Street expert unloads on the ‘Fyre Festival stock market,’ where ‘immaterial’ businesses rule and experience is a liability
Over the past 10 years, the US stock market has more than quadrupled. After enduring the greatest economic downturn since the Great Depression a decade ago, US stocks roared back to notch all-time highs and reclaim their prestige. To ensure that the tur…
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Moon landing 50th anniversary: Why we could have landed on Mars decades ago
It’s been half a century and the words still ignite goosebumps: “That’s one small step for man, one giant leap for mankind.” On July 20, 1969, Neil Armstrong stepped off a ladder on to the moon’s surface and declared that famous phrase, as more than half a …
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Figuring Out The Fed
by Daniel Shvartsman The first half of 2019 saw a lot of green in the markets, as broader indices recovered from the brief bear market in the second half of 2018 and returned to new heights. Despite that, the wall of worry continued to grow, even if the spec…
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