Tesla is working on new battery cell designs, and a way to make their own cells, with R&D teams in a lab near its car plant in Fremont, California.Technologyread more
The Federal Reserve and the market are miles apart on interest rate expectations, and the disparity could cost the stock market a 7%-10% drop, economists say.Economyread more
Underneath the impressive market rally is a trend that doesn't seem quite right, according to J.P. Morgan.Marketsread more
JP Morgan's Jamie Dimon says student lending "is a disgrace and it's hurting America."Economyread more
Bitcoin topped the $13,000 level Wednesday, rallying to its highest price since January 2018.Bitcoinread more
Wayfair drew backlash and calls from some customers for a boycott after employees protested the company's apparent sale of $200,000 of mattresses and bunk beds destined for a...Retailread more
The president raised $6 million alone at a fundraiser he attended at the Trump International Hotel on Tuesday in Washington.Politicsread more
During the foreclosure crisis, investors transformed the single-family home rental market into a formally managed asset class. Now they want new homes.Real Estateread more
The first debates will give most of the contenders their biggest platform yet to present themselves to the American people.Politicsread more
The shutdown of the fire-damaged Philadelphia Energy Solutions refining complex could send gasoline prices higher across the U.S., but particularly in the mid-Atlantic region...Market Insiderread more
President Trump lambastes Twitter, Google and other technology giants for what he claims as their efforts to stifle him.US Economyread more
Google's chief privacy officer Keith Enright dodged multiple questions about the company's plans to launch a censored search app in China during a senate hearing on data privacy on Wednesday.
Senators pressed Enright on how Google's policies on protecting user privacy would square with details that have leaked out about a proposed Chinese search app, including that it was designed to link users' searches to their personal phone numbers.
In response to a question from Sen. Maggie Hassan, D-N.H., Enright echoed comments previously made internally by Google CEO Sundar Pichai.
"I will say that my understanding is that we are not, in fact, close to launching a search product in China, and whether we would or could at some point in the future remains unclear," he said. "If we were, in fact, to finalize a plan to launch a search product in China, my team would be actively engaged."
Enright declined to any more specifically address privacy implications of the proposed app, or whether it could be used to suppress human rights.
Last month, The Intercept first broke the news of a prospective search app the company had developed for use in China, reportedly known as "Project Dragonfly" internally. Since then, human rights groups have called on Google to cancel its plans and hundreds of Google employees signed a letter saying that it raised "urgent moral and ethical issues." The app would reportedly block search results for queries that the Chinese government deemed sensitive, like "human rights" and "student protest."
Earlier this month, The Intercept reported that Google scrambled to delete an internal memo circulated among Google employees that indicated that employees working on the project were told in late July to prepare to get it in "launch-ready state" to roll out upon approval from Beijing officials.
Sen. Ted Cruz, R-Texas, asked Enright directly if Project Dragonfly existed, and what it was.
Enright replied that efforts of that name did exist, but that he was "not clear on the contours of what is in scope or out of the scope of that project."
Cruz then asked whether he thought that the Chinese government censors what its citizens see.
"As the privacy representative of Google I'm not sure that have an informed opinion on that question," Enright said.
Google initially withdrew its search service from China in 2010 due to increased concerns about censorship and cyber attacks, subsequently losing access to the enormous market of 772 million internet users there. Since, China has increasingly curtailed what its citizens can or cannot do online, like removing foreign TV shows from online platforms and requiring people who use online forums to register with their real names.
Aside from questions about China, Enright was asked about whether or not Google's search results were biased (he said no) or whether it supported data protection legislation (he said yes).
Representatives from Amazon, Apple, Twitter, AT&T, and Charter Communications also attended the hearing.