Tesla shares jump to record ahead of S&P 500 debut

[ad_1] REUTERS: Tesla Inc shares rose to an all-time high on Friday on a hectic trading day as investors braced for the electric carmaker’s long-anticipated entry into the benchmark S&P 500 index. The company headed by billionaire Elon Musk on Monday will become the most valuable ever admitted to Wall …

Read More »

US blacklists Chinese companies, including chip giant SMIC

[ad_1] WASHINGTON: The United States announced on Friday (December 18) that it imposed export controls on 77 Chinese companies, including the country’s largest chip maker, SMIC, restricting their access to American technology because of their alleged ties to the Chinese military. The announcement in the final weeks of President Donald …

Read More »

China offers to work with Biden, warns of new ‘McCarthyism’

[ad_1] South China morning post Amid fears that Beijing plans to replace them, some pro-system lawmakers are skeptical of the Bauhinia Party’s impact. Beijing may use the new Bauhinia Party to replace underperforming members of the pro-establishment camp in Hong Kong, political veterans have said, but an adviser to the …

Read More »