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Amazon China Amazon is all but killing off its Chinese e-commerce operation, which faces stiff competition from Alibaba and JD.com. From mid-July, customers visiting the site will only see a selection of items from Amazon's overseas sites. The firm said it was "working closely with our sellers...

Dimon Succession Who will succeed Jamie Dimon as JPMorgan Chase CEO one day? His successor is now much more likely to be a woman, after the bank promoted CFO Marianne Lake to head up its consumer-lending businesses, and installed credit-card business chief Jennifer Piepszak as CFO. Wall Street...

Goldman Sachs assets under supervision up 4% in quarter, 7% for year Goldman Sachs Group reported $1.6 trillion in assets under supervision for its Goldman Sachs Asset Management and wealth management businesses as of March 31, up 4% from three months earlier and up 7% from a year earlier. The...

Facebook Policy Facebook has made a rather perverse decision that could see it further enrage lawmakers in the EU. As part of its attempt to crack down on foreign election interference, Facebook won't allow cross-border ad campaigns for the upcoming European elections—which are by definition...

Microsoft Denial Microsoft turned down a request from a Californian law enforcement agency to install its facial recognition technology in cop cars and body cameras, because of racial bias in its A.I. software—the system is mostly trained on white and male faces, so installation in this context...

Salesforce is paying $300M to acquire its own charitable foundation, Cloud software giant Salesforce will pay $300 million to merge with Salesforce.org, its external philanthropic arm that offers Salesforce software to non-profits, the company announced. Salesforce.org will now function as an...

“You practice and you get better. It’s that simple.” - Philip Glass

Feature The 5 Stock Market Crashes I’ve Lived Through — and What I’ve Learned There’s something about the massive hemorrhaging of money that has a way of focusing the mind and sticking in the memory. We get more pain from losses than pleasure from gains—which might explain why I often think...

Did you know Roger Staubach is largely responsible for ‘tenant rep’ role? Here’s how it works The role evolved in the mid-1980s and was created, in large part, by Roger Staubach, who went from legendary Dallas Cowboy quarterback to real estate mogul. Dallas Cowboys former quarter back Roger...

Amazon's CEO is pumped. Jeff Bezos spent a section of his annual shareholder letter plugging the machine-learning tools that Amazon Web Services sells. Meanwhile, tech publication The Information reported that sales for one of Amazon's core A.I. products are low, underscoring that A.I. is still...

SpaceX Funding Elon Musk's SpaceX is raising another $500 million in funding, four months after raking in a similar amount. The new cash could help SpaceX speed up development of its Starlink satellite Internet business, which is supposed to support the company's bottom line in the future, but...

AT&T and Hulu AT&T has sold its Hulu stake back to Hulu for $1.4 billion, meaning Disney now controls two-thirds of the streaming service (the rest is Comcast's.) Hulu is now valued at $15 billion. The Verge foresees a future where Hulu acts as a complement to the new Disney+ service, perhaps...

“Experience teaches only the teachable.” - Aldous Huxley

Mass. startup is on a mission to give dangerous industrial robots eyes Veo Robotics reckons about 3 million machines worldwide are kept well away from human contact to avoid catastrophe. And that's where Waltham, Massachusetts-based Veo comes in. The company has developed proprietary technology...

CEO: Chevron, Anadarko megadeal portends billions in divestment Chevron Corp.’s $33 billion acquisition of The Woodlands-based Anadarko Petroleum Corp. precedes a spike and acceleration in Chevron’s planned divestments. First, Chevron is moving up the date by which it plans to sell about $2...

Huawei Chips Huawei is open to selling Apple its "5G" mobile connectivity chips, company founder Ren Zhengfei has said. So far, Huawei has reserved those chips for its own phones. Apple does not yet have a "5G"-capable device. CNBC

Boeing Effect American Airlines and Southwest Airlines have now both extended into August flight cancellations relating to their grounded Boeing 737 Max 8 fleet. That's 115 cancellations a day just on American's part, during the busy summer season. Not good news for Boeing, nor the airlines...

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“I want to put a ding in the universe.” - Steve Jobs

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