After Pence slams China in new speech, Beijing says he’s ‘confusing right and wrong’

Beijing lashed out on Friday at U.S. Vice President Mike Pence after Washington's No.2 lobbed multiple allegations at China. Pence delivered his Thursday address at Washington's Hudson Institute and he accused China of "malign" efforts to undermine U.S. President Donald Trump ahead of next month's congressional elections. He also charged that Beijing had directed reckless…

Elon Musk accuses BlackRock of helping short sellers

Tesla CEO Elon Musk has accused large fund managers such as BlackRock for fueling short sellers, a group of investors he has been criticizing on his Twitter account. In a series of Twitter posts on Thursday night, Musk alleged that BlackRock and other financial firms pocket "excessive profit" from lending shares they hold to short…

Facebook admits it ‘made mistakes’ after top exec appeared at Kavanaugh hearing

REUTERS/Jim Bourg Facebook policy head Joel Kaplan (circled) listens to testimony of Brett Kavanaugh before a Senate Judiciary Committee confirmation hearing on Capitol Hill in Washington, U.S., September 27, 2018.  Facebook has admitted it "made mistakes" after a top executive was seen attending Judge Brett Kavanaugh's congressional hearing, reportedly prompting outrage from employees. Joel Kaplan,…

Apple suppliers’ shares fall on the back of report alleging hidden Chinese spy chips

Apple suppliers in Asia saw a broad decline on Friday on the back of a bombshell report that alleged Chinese spy chips were discovered in data center equipment used by Amazon and Apple. On Friday afternoon in Japan, shares of electronic parts maker TDK dropped by 4.46 percent while component supplier Murata Manufacturing declined by…

Beer on tap in a corporate bank? That’s now a reality for one office

The space, dubbed "eXellerator," looks like most other WeWork locations with ping pong tables and an open floor space for hot desks, except it includes areas branded with Standard Chartered logos and is only to be used by Standard Chartered employees. "They're not just coming here to work," said Carol Hung, Standard Chartered's chief information…

US markets have a trade war edge over China: Commodities

With the American markets on a tear and Chinese shares on a downturn, it appears that U.S. stocks are weathering the escalating trade war far better than China's. One reason for the trend is due to Chinese markets' exposure to non-energy commodities, according to a study published in August by Axioma, a risk and performance…

Apple says it has ‘absolutely no evidence’ of China spy chip claims, says it’s...

Apple disputes the report and says that it's not under any sort of agreement not to talk about such an attack. "Apple has never found malicious chips in our servers," Apple said. "Finally, in response to questions we have received from other news organizations since Businessweek published its story, we are not under any kind…

Stocks making the biggest moves after hours: Tesla, Costco and more

FilmMagic | HBO | Getty Images Elon Musk speaks on stage during the Westworld Featured Session during SXSW at Austin Convention Center on March 10, 2018 in Austin, Texas. Check out the companies making headlines after the bell: Tesla stock dipped 2 percent in the extended session following a tweet by CEO Elon Musk that…

Kavanaugh admits he might have been ‘too emotional’ in testimony on misconduct allegations

Saul Loeb | Pool | Getty Images Supreme Court nominee Judge Brett Kavanaugh testifies before the US Senate Judiciary Committee in the Dirksen Senate Office Building on Capitol Hill September 27, 2018 in Washington, DC.  U.S. Supreme Court nominee Brett Kavanaugh said in Wall Street Journal op-ed on Thursday that he "might have been too…

Snap CEO tells employees to aim for profits in 2019, apologizes for ‘rushed’ redesign

Snap CEO Evan Spiegel outlined the company's goals for profitability in 2019 and apologized for its redesign in a 15-page memo sent to employees dated Sept. 26, Cheddar reported. In the memo, Spiegel said that the redesign was "rushed" and outlined the other problems with the app. This led to the company's first decline in…

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