European markets react to Fed comfort, data, earnings and EMA

[ad_1] LONDON – European stocks rose slightly on Thursday as markets around the world react to the Federal Reserve’s latest outlook on the US economy. The pan-European Stoxx 600 gained 0.2%, as banks jumped 1.5% while utilities lost 0.7%. The German DAX was the best performing in the region and hit a record high at … Read more

Vanguard ditched mutual funds in China, but works with Ant

[ad_1] A logo of Ant Group is pictured at the headquarters of the company, a subsidiary of Alibaba, in Hangzhou, Zhejiang province, China on October 29, 2020. Aly Song | Reuters BEIJING – Vanguard’s experience with financial technology in China shows the first signs of success. In less than a year, over a million users … Read more

Tesla on autopilot crashes into Michigan soldier’s patrol car

[ad_1] A Tesla on autopilot crashed into a Michigan state soldier’s patrol car early Wednesday morning, according to a local report. The car, driven by a 22-year-old man, struck the police vehicle in the Lansing area at around 1:10 a.m. as the soldier was responding to another car that hit a deer, WLNS-TV reported. No … Read more

UPDATE 2 – Chinese regulators held talks with Alibaba, Tencent and 9 others on ‘deepfake’ technology

[ad_1] Bloomberg China’s third richest person relinquishes control of e-commerce Phenom (Bloomberg) – The billionaire chairman of Pinduoduo Inc. has resigned from the board of directors, relinquishing control of China’s fastest growing e-commerce company on the same day he announced his user base had surpassed that of Alibaba Group Holding Ltd. Huang will be replaced … Read more

Peloton and Adidas work together on an exclusive clothing line

[ad_1] The new collection – labeled adidas x Peloton SS21 – was designed with the help of some of Peloton’s top cycling instructors, including Robin Arzón, Ally Love and Cody Rigsby. Source: Platoon Peloton and Adidas announced Thursday that they are working together to create a new line of sportswear and lifestyle gear, in inclusive … Read more