After Elon Musk touts Tesla solar on Twitter, Walmart sues the electric vehicle and clean energy company over store rooftop panels that ignited.Technologyread more
The bond market has entered a financial twilight zone, and at this point, there doesn't seem to be a smooth way out.Market Insiderread more
Trump said he has "been thinking about payroll taxes for a long time" — and he cautioned that "whether or not we do something now, it's not being done because of recession."Politicsread more
Secretary of State Mike Pompeo privately told business executives and free traders that the trade war could end by the 2020 election and that hurdles to an immediate agreement...2020 Electionsread more
Market bull Jeff Saut told CNBC on Tuesday that the lows are in and the market is headed "much higher."Marketsread more
Urban Outfitters reported earnings and same-store sales for the second quarter that beat analyst expectations, while revenue fell short.Retailread more
President Donald Trump believes he has quite the bargaining chip with the European Union.Marketsread more
Some Apple employees have become disillusioned with the group's culture, where some have thrived while others feel sidelined.Technologyread more
The United States does not have a defense against hypersonic weapons, which can travel at least five times the speed of sound, or a little more than a mile per second....Defenseread more
President Donald Trump renewed calls Tuesday to readmit Russia to the G-7 ahead of the group's summit in Biarritz, France, this weekend.Politicsread more
Biden has shown staying power at the top of a jammed Democratic field even as polling numbers for Sanders, Warren and Harris wax and wane.2020 Electionsread more
Jack Ma, the head of e-commerce giant Alibaba Group and China's best-known capitalist, is a Communist Party member, the official Party newspaper said on Monday, debunking a public assumption the billionaire was politically unattached.
The People's Daily revealed Ma's Party membership in a list of 100 people it said had helped drive the country "reform and opening up" process. Ma is China's richest man with a fortune of $35.8 billion, according to Forbes.
It was unclear why the paper chose to mention Ma's affiliation now but it comes amid a push by Beijing to bring the country's private enterprises more in line with Party values, especially in the technology sector that has grown rapidly, driven by the successes of private firms.
Ma, who announced in September he would step down as Alibaba chairman next year, is China's highest-profile business leader. He has acted as an adviser to political leaders in Asia and Europe and fostered big ambitions in the United States.
He has driven Alibaba to become a $390 billion giant, which dominates China's online retail market, stretches from logistics to social media, and has spawned a separate fintech empire around popular payment platform Alipay.
Ma's political affiliation came as a surprise to many.
Results from domestic search engine Baidu, when asked "is Jack Ma a Communist Party member," also mostly said that he was not.
Alibaba declined to comment on Ma's Party membership, but said political ties did not impact the firm's operations.
"Political affiliation of any executive does not influence the company's business decision-making process," a spokesperson said in emailed comments to Reuters on Tuesday.
"We follow all laws and regulations in countries where we operate as we fulfill our mission of making it easier for people to do business anywhere in the digital era."
The People's Daily list also included Baidu head Robin Li and Tencent Holding chief Pony Ma, though did not name either of them as Party members. Baidu, Alibaba and Tencent together make up the "BAT" trio of China's top tech firms.
The paper did not say when Ma had become a Party member.