- American City Business Journals
The company's new head of engineering comes from Facebook's WhatsApp, which she joined when it was a small team.
(Bloomberg) -- An enduring mystery of 2021 markets showed signs of unwinding Thursday, with divergent signals on economic growth in stocks and bonds beginning to harmonize. Most Read from BloombergSchool Reopenings Falter as U.S. Kids Near 1 Million Covid CasesA Jewish Tradition Makes Room for Unconventional DesignIstanbul Turns Taps on Old Fountains, Joining Global Push for Free DrinksIn Paris, the Wrapped Arc de Triomphe Is a Polarizing PackageBerlin Referendum Could Determine the Future of th
Huawei Technologies Chief Financial Officer Meng Wanzhou and U.S. prosecutors are expected to appear in court to say they have reached an agreement to resolve charges against her, according to a source familiar with the matter, concluding a process that should allow her to leave Canada. Meng is expected to appear virtually in a hearing in Brooklyn federal court, according to a source. Here are some facts about Meng.
Even as Federal Reserve Chair Jerome Powell predictably dodged the latest question over his future as head of the central bank, his signal of openness to Democratic demands for tougher regulation of Wall Street under a new regulatory chief may assuage what critics see as a weak point in his leadership. At a press conference on Wednesday following the Fed's latest meeting at which policymakers kept interest rates near zero as the U.S. economy continues to heal from the COVID-19 pandemic, Powell was unequivocal when asked how much he would defer to a new vice chair for supervision expected to be named this fall to oversee bank regulation. That viewpoint could offer President Joe Biden an opening to pursue a package deal in which Powell, a Republican, remains chair and current Fed Governor Lael Brainard, a Democrat and potential rival for the leadership who is favored by some progressives, takes over as the Fed's regulation czar when the slot opens up at the end of October.
(Reuters) -Huawei Chief Financial Officer Meng Wanzhou flew home to China on Friday after reaching an agreement with U.S. prosecutors to end the bank fraud case against her, relieving a point of tension between China and the United States. Within hours of the news of the deal, two Canadians who were arrested shortly after Meng was taken into custody in December 2018 were released from Chinese jails and were on their way back to Canada. The deal also opens U.S. President Joe Biden to criticism from China hawks in Washington who argue his administration is capitulating to China and one of its top companies at the center of a global technology rivalry between the two countries.
Every president since George W. Bush has vowed to eliminate the tax break that allows compensation to be taxed at the lower capital-gains rate, yet carried interest continues.
Billionaires’ income taxes are a tiny fraction of what they make, White House says. Here’s their average tax rate
Rich families were moving fast to report capital gains in their 2020 tax returns ahead of potential rate increases proposed by Democrats.
- Yahoo Finance
The argument that natural immunity against COVID-19 is an alternative to vaccination is emerging as a legal challenge to mandatory vaccination policies.
- Yahoo Finance Video
Kathy Jones, Chief Fixed Income Strategist at Charles Schwab, joins Yahoo Finance Live to discuss the U.S. economy, outlook on the Fed taper, and the China credit risk.
- Yahoo Finance
Cryptocurrencies could usher in the next wave of innovation that will drive economic growth, according to the former head of the Commodities Futures and Trading Commission.
- The Week
In a pandemic, trust in science and government is critical
- Washington Examiner
Hunter Biden boasted of having "access to the highest level” in China, according to emails of his business contacts published on Thursday.
GAZA (Reuters) -The Palestinian Authority urged Sudan's government on Saturday to hand over assets it has seized as part of a crackdown targeting Sudan-based operations to fund the Palestinian militant group Hamas. Sudan was long an ally of Hamas under former President Omar al-Bashir but since he was overthrown in 2019, Sudanese authorities have taken control of investments and companies they say channelled funding to the Islamist group for years. "We hope that the state of #Sudan, which has always been a supporter (people and a government) to #Palestine, to hand over the movable and immovable funds that were confiscated to the State of Palestine and its Government," Hussein Al-Sheikh, a senior Palestinian official close to President Mahmoud Abbas, said on Twitter.
- Associated Press
The Taliban hanged a dead body from a crane in the main square of Herat city in western Afghanistan, a witness said Saturday, in a gruesome display that signaled a return to some of the Taliban's methods of the past. Wazir Ahmad Seddiqi, who runs a pharmacy on the side of the square, told The Associated Press that four bodies were brought to the main square and three bodies were moved to other parts of the city for public display. Seddiqi said the Taliban announced in the square that the four were caught taking part in a kidnapping and were killed by police.
- Associated Press
China, the U.S. and Canada completed a high-stakes prisoner swap Saturday with joyous homecomings for two Canadians held by China and for an executive of Chinese global communications giant Huawei Technologies charged with fraud, potentially bringing closure to a 3-year feud that embroiled the three countries. Canadian Prime Minister Justin Trudeau hugged diplomat Michael Kovrig and entrepreneur Michael Spavor on the tarmac after they landed in Calgary, Alberta early Saturday. The men were detained in China in Dec. 2018, shortly after Canada arrested Meng Wanzhou, Huawei Technologies' chief financial officer and the daughter of the company's founder, on a U.S. extradition request.
- Fox News
A Taliban founder who will control prisons under the new government in Afghanistan said strict punishment, including amputations and executions, will return.
- The Guardian
About 30% of California’s registered voters are Latino, and it appears they voted largely Democrat – but some say it was ‘about ensuring this state didn’t move backward’ Gavin Newsom makes a statement while meeting with members of the Latino community in East Los Angeles in August. Photograph: Genaro Molina/Los Angeles Times/REX/Shutterstock Luis Sánchez worked overtime to rescue Governor Gavin Newsom in California’s recall race. His group PowerCA Action reached more than a quarter-million voter
Prime Minister Justin Trudeau risks further fueling Canada's hot inflation if he presses ahead with spending plans outlined during the election campaign, which could pressure the Bank of Canada to hike interest rates sooner than planned. Trudeau's Liberals have pledged C$78 billion ($61.6 billion) in new spending over five years, about 4% of gross domestic product.
- Yahoo Finance
A landlord advocacy group is aiming to block New York's ongoing freeze on evictions for tenants facing financial hardships due to the pandemic.
The U.S. is losing Latin America to China without putting up a fight, Ecuador’s ambassador to Washington told Axios, laying bare her frustrations with early inattention from the Biden administration.Why it matters: Ecuador isn't alone. China has deepened its engagement in the region, and it's now the top trading partner for many of the region's largest economies. That gives Beijing considerable leverage in a region historically dominated by the U.S., and makes Latin America a major frontier in t