China has announced a slew of supportive policies to give its economy a boost. But the past week’s stimulus blitz did not offer fiscal support to China’s discouraged consumers. China needs to spend more on its people and offer incentives for buyer demand to return Thanks for signing up! Access your favorite topics in a…
Elon Musk purchased Twitter with a pledge to make it a bastion for free speech. Musk quickly reinstated some previously suspended accounts, like for Alex Jones and Donald Trump. But a new report from X shows it has suspended — on average — more accounts than Twitter ever did. Thanks for signing up! Access your…
Amid rising concerns that X has become less safe under billionaire Elon Musk, the platform formerly known as Twitter is seeking to assure advertisers and critics that it still polices harassment, hate speech and other offensive content. From January to June, X suspended 5.3 million accounts and removed or labeled 10.7 million posts for violating…
After months of investor speculation, the Federal Reserve finally kicked off an easing cycle with its announcement of a 50-basis-point rate cut on Wednesday. Equity markets rejoiced at the news, with tech stocks leading a 1.7% rally in the S&P 500 on Thursday. While a rate cut is good news for stocks, it’s not ideal…
The strongest tie between the US and China is unraveling. For decades, Wall Street and corporate America have chased the promise of the ascendant Chinese consumer. As regular Chinese households got richer, there was money to be made selling them everything from fried chicken to Fendi. US companies like Starbucks, Apple, and Nike jumped in…
“Are you leaving again? ” I asked my husband, Rob, as he packed for his second trip with the guys in three weeks. “Only for a few days.” I could sense the elation he felt in escaping. He was heading out to chase ski runs, and I was staying home, taking care of the dogs…
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SAN FRANCISCO — When Elon Musk took over Twitter in 2022, it marked a new era for the struggling San Francisco company. As the deal neared completion, Musk, the eccentric entrepreneur known for leading Tesla and SpaceX, tweeted, “Entering Twitter HQ — let that sink in!” with a video of him carrying a white sink to…