Home Markets Need to Know GET EMAIL ALERTS Why Uber and Lyft will ‘fail miserably’ at autonomous driving
Yeah, yeah, autonomous driving is an interesting lab experiment for Uber Technologies and Lyft to be involved in. But it will be “impossible” for them to scale to production. That’s according to Trip Chowdhry of Global Equities Research, who just attended talks on autonomous driving research at Volvo Concept Lab. Related: The Anthony Levandowski criminal charges […]
Putin and Xi unite as China sends thousands of troops to join Russia in mass war drill
Russia will host the Tsentr-2019 strategic war drills next month in which over 128,000 military personnel from eight nations will take part. Beijing has pledged a sizeable number of soldiers alongside its aircraft contribution as the two nations continue to grow closer on a diplomatic, economic and military basis. The mass war drill comes a year after similar […]
China bans textbooks on Uighur culture
For 15 years, Yalqun Rozi skillfully navigated state bureaucracies to publish textbooks that taught classic poems and folk tales to millions of his fellow minority Uighurs in China’s far western region of Xinjiang. That all changed three years ago when the ruling Communist Party launched what it says is a campaign against ethnic separatism and religious extremism […]
Gen. Keane: China ‘clearly our No. 1 threat out there’
Gen. Jack Keane claimed China is the U.S.’s top geopolitical threat, and he praised new Defense Secretary Mark Esper for echoing that sentiment. Esper was correct Wednesday when he expressed concern over both the Chinese government and the regime of Kim Jong Un in North Korea, Keane said on “The Daily Briefing.” “I’m delighted that we’re having press conferences […]
Asia stocks struggle for direction as investors watch US Treasury yields
POINTS Stocks in Asia were mixed on Wednesday following an overnight inversion of a closely watched U.S. Treasury yield curve to its worst level in more than a decade. The spread between the 10-year Treasury yield and the 2-year rate fell to negative 5 basis points on Tuesday, its lowest level since 2007. Closer to […]
U.S. approves $3.3 bil sale of anti-ballistic missiles to Japan
U.S. approves $3.3 bil sale of anti-ballistic missiles to Japan Aug. 28 04:01 pm JST 20 CommentsBy LEAH GARTONWASHINGTON Washington approved the $3.3 billion sale of anti-ballistic missiles to Japan on Tuesday, following close behind a series of new ballistic missile tests by North Korea that could threaten the U.S. ally. Japan will buy up to […]
Lebanon, Iraq, Iran call out Israel’s ‘declaration of war’ after it bombs 3 COUNTRIES in one weekend
Israel prepares to launch attack on Iranian targets in Syria © Global Look / Ayal Margolin Lebanon, Iraq and Iran have declared recent Israeli aggression as an act of war after attacks on Lebanon, Syria, and Iraq over the weekend, promising devastating retaliation if the violence continues. A pair of kamikaze drone attacks on Beirut’s […]
Warren Buffett’s advice during a market crash
6. Avoid Leverage That Amplifies Stress During A Market Crash: Sure, there’s stress during a crash – lots of it. Add margins (meaning loans that you incurred to buy more stocks) and you get more stress. Those loans have to be paid – right in the middle of a market crash. Malo. 7. Don’t Try […]
Is China Blocking Vietnam’s Access To $2.5 Trillion In Oil & Gas?
By Irina Slav – Aug 24, 2019, 6:00 PM CDT The United States has accused China of interfering with oil and gas drilling operations off the coast of Vietnam in the disputed waters of the South China Sea. This is the latest indication that bilateral relations have a long way to go before they are mended. “The […]
Jakarta Is Crowded And Sinking, So Indonesia Is Moving Its Capital To Borneo
Indonesian President Joko Widodo (center) says the new capital city will be in East Kalimantan province on the island of Borneo. He’s seen on Monday with Vice President Jusuf Kalla (right) and Minister of Agriculture and Land Planning Sofyan Djalil.Gagah Adhaputra /AFP/Getty Images Indonesian President Joko Widodo says his country will create a new capital […]