Trump said he doesn't see a recession after the bond market spooked investors and the Dow suffered its worst day of the year last week.Marketsread more
The U.K. prime minister prepares to meet his German and French counterparts this week.Europe Politicsread more
Amazon is raising seller fees for thousands of small and medium-sized businesses in France because of a new digital tax passed by the French government.Technologyread more
U.S. stock index futures point to a higher open on Monday morning as the White House sought to calm investors over growing concerns about the U.S. economy.US Marketsread more
Ahead of the deadline, U.S. President Donald Trump told reporters that Huawei was a national security threat.Technologyread more
Bianco Research's James Bianco suggests Wall Street is desperately looking for a signal that a 50 basis point cut is coming next month.Trading Nationread more
Baidu is gearing up to release its second-quarter earnings on Monday with the market expecting a sharp decline in profit.Technologyread more
Americans now say they approve of free trade by 64%-27%, a margin of better than two to one. That's up from 57%-37% early in Trump's presidency, and 51%-41% near the end of...Politicsread more
Stocks in Asia rose on Monday as U.S. Treasury yields bounced higher after plunging last week.Asia Marketsread more
The problem with tanking equities lies elsewhere, writes Michael Ivanovitch, because traders see no end to America's unfolding trade disputes with Europe and China.World Economyread more
Beijing wants to use reforms to support a slowing economy.China Marketsread more
Baidu shares fell on Wednesday, after chief scientist Andrew Ng announced he is leaving the company less than three years after joining.
Ng announced his departure in a post on Medium late Tuesday. Baidu shares were down more than 1½ percent in market hours, trading around 168.51.
Ng had joined the company in 2014 to help help develop new businesses around artificial intelligence and machine learning, areas Baidu has previously identified as a major strategic focus.
Baidu told the Financial Times it will not hire a direct replacement, but instead move Ng's teams into the AI Group, which will be headed by current vice president Haifeng Wang.
Ng did not say exactly what he plans to do next, but he did suggest he wants to work on projects involving autonomous cars, computer-human conversation and health care.
"I want all of us to have self-driving cars; conversational computers that we can talk to naturally; and healthcare robots that understand what ails us," Ng wrote. "The industrial revolution freed humanity from much repetitive physical drudgery; I now want AI to free humanity from repetitive mental drudgery, such as driving in traffic. This work cannot be done by any single company — it will be done by the global AI community of researchers and engineers."
These goals fit some of what Ng did at Baidu: In the two years he was there, he helped start an autonomous car business division, and the DuerOS platform, which was a kind of competitor to home assistant services and devices such as Apple's Siri, the Amazon Echo and Google Home.
Ng joined the company from Coursera, an online learning company he co-founded in 2012. Prior to that, Ng was a co-founder of the Google Brain project. While at Baidu, Ng worked out of both Beijing and Silicon Valley offices.
"This is a big blow to Baidu's strategy on artificial intelligence and a setback of the company's internationalization," Fang Xingdong, founder of internet strategy think tank ChinaLabs, told The Wall Street Journal.