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Powell's Fed to show policy caution, shun political friction

WASHINGTON Jerome Powell heads for his first interest rate increase as Federal Reserve Chairman this week with an unanswered question looming above others: could his optimism about the U.S. economy lead to more hikes than markets have prepared for?

Recent Business News

Relationship goals: Ford tries to rebuild trust with China partners

BEIJING After 20-odd years of "marriage" in China, Ford Motor Co is having relationship issues.

2:17am EDT

Amazon tracks repeat shoppers for line-free Seattle store - and there are many

LAS VEGAS Amazon.com Inc is tracking how regularly customers shop at its store without checkout lines in Seattle - and so far, the verdict is they keep coming back.

12:45am EDT

Hyundai Motor shares slide following U.S. probe of air bag failures

SEOUL Shares in Hyundai Motor tumbled on Monday on a U.S. probe into why air bags failed to deploy in some of its Sonata sedans, with investors fretting about potential recall costs for the once popular cars.

2:07am EDT

Apple is developing own MicroLED screens: Bloomberg

Apple Inc is developing its own MicroLED device displays and has made small numbers of the screens for testing, Bloomberg reported on Sunday.

12:50am EDT

Alibaba to invest extra $2 billion in Lazada in aggressive Southeast Asian expansion

BEIJING Alibaba Group Holding Ltd said it will invest an extra $2 billion in Southeast Asian e-commerce firm Lazada Group and tapped a top executive to run the business, as it takes on rivals such as tech titan Amazon in an aggressive expansion in the region.

2:14am EDT


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