US intelligence warns China could dominate AI, gain military edge | Science and technology news

Beijing’s ambitions for advanced technologies could give it the upper hand in healthcare and other vital sectors in the United States, the US National Counterintelligence and Security Center said Friday. United States officials on Friday issued new warnings about China’s ambitions in artificial intelligence and a range of cutting-edge technologies that could ultimately give Beijing … Read more

China’s Evergrande Pulls Out of Default with Bond Payment | Business and economic news

The real estate giant now has at least a week to deal with its debt crisis. China Evergrande Group pulled out of the brink of default by paying a bond coupon before Saturday’s deadline, giving the real estate giant at least another week to come to grips with a debt crisis that has shaken investor … Read more

WeWork goes back to the stock exchange two years after its failed debut | Financial Market News

The workplace sharing company was once valued at $47 billion. But that was before investors started losing money, tired of the exorbitant spending and erratic behavior of WeWork founder Adam Neumann. WeWork goes public on Thursday after a spectacular collapse during its first attempt two years ago. WeWork has been dealing with a pandemic for … Read more

US equities soar to record high on solid corporate results | Financial Market News

With stocks soaring, traders are bracing for market swings in the face of mounting price pressures. Through Vildana Hajric and Nathan HagerBloomberg Published on 21 Oct 2021 US stocks rose to the first record ever since September 2, propelled by a wave of strong corporate earnings and positive news about the fight against the virus. … Read more

Low Earth orbit commercial real estate market warms | Space news

NASA got a third pitch, this one from Voyager Space Holdings Inc, to build a private station to replace an existing orbital lab. Through Justin BachmanBloomberg Published on 21 Oct 2021 The low-Earth orbit commercial real estate market is heating up as Voyager Space Holdings Inc’s Nanoracks. plans a new private space station to replace … Read more

Red Hot: Houston Firefighters’ Retirement Fund Goes Crypto Crypto News

The Houston Firefighters’ Relief and Retirement Fund – which is based in Texas in the US and has $5.5 billion in assets in storage – said it invested $25 million in Bitcoin and Ether. Through Danielle MoranoBloomberg Published on 21 Oct 2021 The Houston Firefighters’ Retirement Fund is investing in cryptocurrency. The Houston Firefighters’ Relief … Read more

As Turks struggle with inflation, central bank cuts interest rates again | Business and economic news

Turkey’s central bank announced a larger-than-expected rate cut on Thursday — the latest in a series of policy moves that have seen investors punish the lira and economists warn of further inflationary pain for Turkish consumers. Central bank policymakers led by Governor Sahap Kavcioglu cut Turkey’s benchmark interest rate by two percentage points to 16 … Read more

Now employed: US weekly jobless claims hit 19-month low | Unemployment News

Initial claims for state unemployment benefits fell to a seasonally adjusted 290,000 for the week ending Oct. 16. That is the lowest number since mid-March 2020, when the coronavirus pandemic began. The number of Americans filing new jobless claims fell to a 19-month low last week, pointing to a tightening labor market, although a shortage … Read more

Tesla’s quarterly results beat estimates as auto sales soar | Automotive industry news

Revenue at Elon Musk’s electric vehicle and clean energy business rose 57 percent to $13.8 billion, while earnings came in on an adjusted basis at $1.86 per share, the California-based company said. Tesla Inc. reported sales that fell short of Wall Street estimates, but managed to beat third-quarter earnings forecasts despite a semiconductor shortage and … Read more

Union Pacific and its unions sue each other over vaccine | transport News

The lawsuit focuses on whether the Nebraska-based railroad company has the right to require its employees to be vaccinated. Union Pacific and its unions are suing each other to determine whether the railroad has the authority to require its employees to be vaccinated against the coronavirus. The unions argue that the railroad in Omaha, Nebraska … Read more