The Trump administration plans to lift currency manipulator label against China, report says

Evan Vucci/APThe Trump administration plans to reverse its August decision to label China a currency manipulator, Bloomberg reported on Monday. The designation was a largely symbolic move that fanned tensions between the largest economies amid a broader economic dispute. A Treasury report on currency practices could be released before the US and China meet on…

Tesla stock hits $500 for the first time

Tesla stock continued to rally on Monday, rising nearly 10% on the day and closing at an all-time high of $524.86 per share.Tesla, which is now up more than 20% in 2020, continued to soar on its entrance into China and Q4 delivery figures that exceeded Wall Street’s expectations. The stock has more than doubled…

Facebook is pushing its advertising business in China, despite earlier clashes on data and privacy with the country (FB)

Facebook is setting up a new engineering team in Singapore to focus on its lucrative advertising business in China, where businesses buy more than $5 billion in ad space every year. The move comes with challenges: Facebook is banned in China and must reassure customers worried about the political dynamics. Facebook CEO Mark Zuckerberg has also…

IBM says that an Oracle victory in its Supreme Court clash with Google would ‘hurt business and impede innovation’ (IBM, ORCL, GOOG)

IBM on Monday will officially back Google against Oracle in what’s expected to be a big tech showdown before the US Supreme Court.In 2010, Oracle sued Google, accusing the tech giant of copyright infringement and stealing key code from its Java technology to develop Android. Google rejected the charge, saying Oracle cannot copyright the specific code,…

Musk Teases Talking Car…

Tesla CEO Elon Musk’s vision for transportation now includes talking cars.Musk teased a new feature over the weekend that appears to enable Teslas to communicate with pedestrians. He said in a tweet that the feature will “soon” roll out, but he did not offer a specific timeline.In the clip Musk shared on Twitter, a Model…

Cory Booker quit the 2020 presidential race: Here’s who benefits most

Cory Booker has exited the 2020 race. Booker was incredibly well-liked and satisfactory to lots of different wings of the Democratic party.Still, he never managed to poll north of 5 percent in the polls, and has seen his figures slip since.About three quarters of his supporters like Sen. Elizabeth Warren.Sen. Amy Klobuchar and Mayor Pete Buttigieg’s…

Boeing’s new CEO takes the reins with little margin for error as 737 Max crisis worsens

Dave Calhoun, Chairman of BoeingAdam Jeffery | CNBCBoeing’s new CEO, Dave Calhoun, has a daunting to-do list when he takes the reins at the company’s Chicago headquarters on Monday: improving the plane-maker’s strained relationships with regulators and airline customers, winning back public trust and getting the 737 Max — grounded for almost a year after…

Here’s how a challenging deal market for private-equity firms might actually help their public-relations problem heading into US election season

Private-equity firms are facing a deal environment that, while challenging in their pursuit of returns, might just help stave off scrutiny of the industry. PE has been blasted with criticism from celebrities like Taylor Swift and Democratic presidential candidate Elizabeth Warren. 2019 marked the year private equity became a punching bag on late-night talk show shows…

Secretary of State Pompeo heads to Silicon Valley to dine with tech leaders – CNBC

Secretary of State Mike Pompeo looks on during a brief photo opportunity before a meeting with Republic of Cyprus Foreign Minister Nikos Christodoulides at the U.S. Department of State on November 18, 2019 in Washington, DC.Drew Angerer | Getty ImagesSecretary of State Mike Pompeo will visit the San Francisco Bay Area this week with the…