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The trade war between Beijing and Washington appears to have depressed Chinese property purchases in the United States. China's own actions may also be playing a role.Real Estateread more
Tesla CEO Elon Musk sent out another email to his employees, pushing them to aim for a record number of vehicle deliveries to end the second quarter of 2019.Technologyread more
More than 300 companies are talking to government officials in Washington about how detrimental the trade war is.Marketsread more
Democrats want Mueller's testimony on his probe into Russian interference in the 2016 election and Trump's efforts to influence it.Politicsread more
The Senate is expected to pass its own version of the border aid legislation, while the Trump administration has threatened to veto both bills.Politicsread more
Some 4 million people have fled the South American country since 2015 amid an economic meltdown.World Politicsread more
Japanese designer Undercover posted on its Instagram account a photo of protesters with the slogan "no extradition to China," the Financial Times reported.China Politicsread more
Powell stresses the central bank's independence in a speech that comes amid continuous pressure from the White House to cut interest rates.The Fedread more
Stocks in Asia were tepid on Wednesday afternoon after U.S. Federal Reserve Chairman Jerome Powell tempered expectations for a potential interest rate cut.Asia Marketsread more
The purchase confirms Apple's continued interest in self-driving car software, and it will bolster Apple's engineering ranks with additional employees who can build autonomous...Technologyread more
Non-profit arts, education and youth programs are are about to get a cash infusion from Snap.
Snap and its co-founders, Evan Spiegel and Bobby Murphy, have pledged to donate up to 13,000,000 shares of Class A common stock over the next 15 to 20 years to a foundation to support arts, education and youth, the company revealed in its S-1 filing Thursday afternoon.
That amounts to about 1.2% of all shares outstanding, which could be worth more than $300 million if the company is valued at $25 billion (its last reported private valuation) when it goes public -- and a lot more than that over time if the stock goes up.
The Snap Foundation was established in February 2017, according to the filing. With this move, the co-founders are following in the footsteps of other technology leaders using their cash to help others.
Facebook CEO Mark Zuckerberg founded the Chan Zuckerberg Initiative, which focuses on science and education, with wife Priscilla Chan in 2015. Microsoft co-founder Bill Gates and wife Melinda Gates launched the Bill and Melinda Gates Foundation in 2000 with a focus on extreme poverty and improving health in the U.S. and developing countries. Both men have pledged donate more than half of their wealth over time.