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Market News

Many major firms continue to push teleworking

Many major firms continue to push teleworking

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A station passageway is crowded with commuters during rush hour in Tokyo on Tuesday. Photo: AP/Eugene Hoshiko Major companies such as Hitachi Ltd and NEC Corp said Tuesday they will continue to push work-from-home arrangements even though the state of emergency over the new coronavirus pandemic was called off the previous day. Hitachi said around…

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Nikkei climbs to 3-month high after Japan lifts virus emergency

Nikkei climbs to 3-month high after Japan lifts virus emergency

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Tokyo stocks rose Tuesday, with the benchmark Nikkei index topping the 21,000 mark for the highest close in nearly three months, on hopes of reviving business activity a day after Japan lifted a nationwide state of emergency to combat the coronavirus pandemic. The 225-issue Nikkei Stock Average ended up 529.52 points, or 2.55 percent, from…

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ENERGY IEA says the coronavirus crisis has set in motion the largest drop of global energy investment in history

ENERGY IEA says the coronavirus crisis has set in motion the largest drop of global energy investment in history

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An aerial view shows pumpjacks in the South Belridge Oil Field on April 24, 2020 near McKittrick, California. David McNew | Getty Images The International Energy Agency believes the coronavirus pandemic has paved the way for the largest decline of global energy investment in history, with spending set to plummet in every major sector this…

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Could the next normal emerge from Asia?

Could the next normal emerge from Asia?

HCCR - Human Capital Consulting Recruiting

It is now clear that COVID-19 has presented the global economy with an unprecedented challenge. In the United States and Europe, efforts to control the virus through lockdowns are likely to lead to the largest decline in economic activity since the Great Depression in the US and Europe.1 And while safeguarding human lives is imperative,…

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(Japan) Q&A: How do I receive ¥100,000 from the government?

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The following are questions and answers regarding the government’s plan to give 100,000 yen to everyone in Japan. Q: Why is the government doing this? A: Prime Minister Shinzo Abe has said the handout is meant to be a show of solidarity as the nation hunkers down for what could be a long fight against…

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Elon Musk is recruiting for Tesla: I ‘don’t care if you even graduated high school’

Elon Musk is recruiting for Tesla: I ‘don’t care if you even graduated high school’

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Photographer: Natan Dvir/Bloomberg If you don’t have a college degree, it won’t hold you back from working for Tesla, Elon Musk tweeted on Sunday. Musk is using Twitter to recruit for Tesla’s artificial intelligence team. “Join AI at Tesla!” Musk tweeted Sunday. The artificial intelligence team “reports directly to me [and] we meet/email/text almost every…

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Why Uber’s Stock Rally Doesn’t Make Sense

Why Uber’s Stock Rally Doesn’t Make Sense

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Uber CEO Dara Khosrowshahi. Photo by Bloomberg Uber proved countless doubters wrong by showing, when it reported its third-quarter results last fall, that its ride-hailing business can make money. And as investors await the fourth-quarter numbers scheduled to be released Feb. 6, they’ve sent the stock soaring. It’s as though they think the worst is…

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GM’s Cruise heads down new road with new robotaxi concept

GM’s Cruise heads down new road with new robotaxi concept

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This image provided by Cruise shows a rendering of an unorthodox electric vehicle called “Origin,” being developed by GM’s Cruise subsidiary. Photo: Cruise via AP General Motors’ self-driving car company will attempt to deliver on its long-running promise to provide a more environmentally friendly ride-hailing service in an unorthodox vehicle designed to eliminate the need…

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JP Morgan announces new division to fund at least $100 billion in emerging-market projects

JP Morgan announces new division to fund at least $100 billion in emerging-market projects

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Jamie Dimon, Chairman and CEO of JP Morgan Chase. Adam Jeffery | CNBC J.P. Morgan Chase announced on Tuesday the creation of its Development Finance Institution to boost private investment in emerging-market projects. The lender said it can finance more than $100 billion annually from its investment bank and created a formal methodology to define…

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Microsoft CEO Says U.S.-China Spat May Hurt Global Growth

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Microsoft CEO Says U.S.-China Spat May Hurt Global Growth Microsoft Corp’s chief executive officer said he worries that mistrust between the U.S. and China will increase technology costs and hurt economic growth at a critical time. Using the $470 billion semiconductor industry as an example of a sector that is already globally interconnected, Satya Nadella…

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