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Monthly Archives: January 2018

Baidu-BlackBerry partnering on self-driving car software

Baidu | Reuters A fleet of vehicles equipped with Baidu’s autonomous driving technologies conduct road testing in Wuzhen, Zhejiang Province, China. BlackBerry said on Wednesday it will collaborate with Chinese internet search firm Baidu to tap the fast-growing autonomous vehicle market. BlackBerry, which has developed software QNX Hypervisor 2.0 to …

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AMD shares surge on report of an Intel chip security flaw

Patrick T. Fallon | Bloomberg | Getty Images Brian Krzanich, chief executive officer of Intel Corp., holds the Curie module as he speaks during the 2015 Consumer Electronics Show (CES) in Las Vegas, Nevada, U.S., on Tuesday, Jan. 6, 2015. A new report alleging Intel chips have a security flaw …

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United Technologies jumps after RBC upgrades stock

Brent Lewin | Bloomberg | Getty Images An attendee looks at an aircraft engine from Pratt & Whitney, a unit of United Technologies, on display during the China International Aviation & Aerospace Exhibition in Zhuhai, China. United Technologies shares rose nearly 1.5 percent after RBC Capital Markets upgraded the industrial …

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UK looks to Pacific trade group after Brexit

Chris Ratcliffe | Bloomberg via Getty Images The Mediterranean Shipping Co. (MSC) Oscar container ship sits dockside at the Port of Felixstowe Ltd., a subsidiary of CK Hutchison Holdings Ltd., in Felixstowe, U.K. Britain is considering whether to try and join the Trans-Pacific Partnership (TPP) as the country considers its …

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Amazon grabbed 4 percent of all US retail sales in 2017: New study

There’s no denying that Amazon’s retail business had an impressive 2017 and there’s still plenty of room for the company to grow in certain categories this year. The internet giant was responsible for about 44 percent of all U.S. e-commerce sales last year, or about 4 percent of the country’s …

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Emerging markets are set for an even bigger rally in 2018, says one technician

Emerging markets soared more than 33 percent in 2017, and Todd Gordon of TradingAnalysis.com says the rally won’t stop. A big part of the rally in emerging markets, tracked by the emerging market ETF EEM, was a weak dollar. And given that Gordon still sees the inverse relationship between EEM …

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Britain’s open to foreign investment, trade minister Fox tells China

Eric Thayer | Bloomberg | Getty Images Liam Fox, U.K. international trade secretary, speaks at the American Enterprise Institute in Washington, D.C., U.S., on Monday, July 24, 2017. British trade minister Liam Fox said on Wednesday that London would continue to welcome foreign investment, after a U.S. panel rejected a …

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Brazil’s Petrobras to settle US class action lawsuit over corruption

Ueslei Marcelino | Reuters A worker paints a tank of Brazil’s state-run Petrobras oil company in Brasilia, Brazil September 30, 2015. Brazil’s state-controlled oil company, Petroleo Brasileiro, said on Wednesday that it has agreed to pay $2.95 billion to settle a U.S. class action brought by investors who claim they …

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South Korea offers cruise to ferry North Korea delegation to Olympics

Jung Yeon-je | AFP | Getty Images A South Korean worker sets up a cable at the Olympic Stadium, the venue of the opening and closing ceremony for the Pyeongchang 2018 Winter Olympic Games, in Pyeongchang, South Korea, on Dec. 12, 2017. South Korea is willing to roll out more …

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Korea conflict could hit energy, electronic, financial firms: Moody’s

Getty Images In this handout photo from the U.S. Navy, a strike force of Republic of Korea and U.S. warships patrol May 3, 2017 in the western Pacific Ocean, led by the Nimitz-class aircraft carrier USS Carl Vinson. Such a scenario remains a “low-probability event,” Moody’s stated in a new …

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