The crackdown is killing the entrepreneurial drive that made China a tech power and destroying jobs that used to attract the country’s brightest. From a report: Like many ambitious young Chinese, Zhao Junfeng studied hard in college and graduate school so he could land a coveted job as a programmer Read more…
The CFO of a vacation-rental management company recently told Oregon Public Broadcasting that 20% of people renting a vacation home did so for the first time during the pandemic. The nonprofit state policy news site Stateline sees a larger trend: Even before the pandemic, the destination towns of the West Read more…
Hungarian-born billionaire Thomas Peterffy, chairman of Interactive Brokers Group, says the online brokerage is now expanding the cryptocurrencies it offers its customers after sensing “urgency” from their clients to get in. He still hasn’t decided whether cryptocurrencies are a good investment — “I think it can go to zero, and Read more…
Instant-delivery startups promising to ferry groceries to customers in 15 minutes or less have rushed to expand in major cities like New York and Chicago in the past year. But they’re burning far more cash in the U.S. than in other countries where they operate, causing several of them to Read more…
Apple hit a market cap of $3 trillion during intraday trading on Monday, tripling its valuation in under four years. Apple broke the barrier when its share price hit $182.86. From a report: The milestone is mostly symbolic but it shows investors remain bullish on Apple stock and its ability Read more…
The New York Times: found out she was pregnant in November 2020. Following a normal ultrasound, she was confident enough to tell her 3-year-old son his “brother or sister” was in her belly. But a few weeks later, as she was driving her son home from school, her doctor’s office Read more…
“AT&T and Verizon on Sunday rejected the U.S. Department of Transportation’s request that they delay this week’s scheduled launch of a new round of 5G wireless service,” reports Politico, adding that the carriers “instead pledged to take enhanced measures to avoid warned disruptions of air travel…” U.S. Transportation Secretary Pete Read more…