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Chinese internet stock sell-off may shake faith in FANGs

SAN FRANCISCO A steep downturn in heavyweight Chinese internet stocks and recent weakness in half of the so-called FANG group have some investors worried that a key component of Wall Street's near-decade long rally may be low on fuel.

Recent Business News

Exclusive: U.S. government seeks Facebook help to wiretap Messenger - sources

SAN FRANCISCO The U.S. government is trying to force Facebook Inc to break the encryption in its popular Messenger app so law enforcement may listen to a suspect's voice conversations in a criminal probe, three people briefed on the case said, resurrecting the issue of whether companies can be compelled to alter their products to enable surveillance. | Video

World, Tech, Facebook Aug 17 2018

China's Geely in deal to let Malaysia's Proton tap new-energy, other vehicle tech in global push

BEIJING Chinese automaker Geely has agreed to extend its existing partnership with Proton Holdings Berhad to upgrade the Malaysia carmaker's line-up of cars and power Proton go beyond Malaysia, part of an ongoing effort to help Proton establish a presence in China and other international markets.

Aug 18 2018

Tesla stock sinks after Musk gives tearful NYT interview

Tesla Inc's shares slumped 9 percent on Friday after Chief Executive Officer Elon Musk told the New York Times he was under major emotional stress and was preparing for "extreme torture" from short sellers. | Video

Aug 17 2018

Walmart asks some beauty suppliers to consider sourcing outside of China

Walmart Inc has asked some beauty suppliers to consider sourcing products from outside China, as it looks for ways to mitigate the impact of a new set of tariffs on Chinese products proposed by the Trump administration.

Aug 17 2018

Musk's tunnel-boring firm seeks U.S. tariff exemption for Chinese parts

WASHINGTON A company owned by Elon Musk that is trying to lower the cost of building high-speed transit tunnels has asked the Trump administration to exempt it from tariffs for some Chinese-made tunnel boring machine components, warning the tariffs could significantly delay a planned tunnel between New York and Washington.

Aug 17 2018

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