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This basket lists stocks that investors interested in tech should have in their portfolios — including FANG stocks and rising stars that just had IPOs.
New Zealand's government plans a new tax targeting online giants like Google and Facebook that earn plenty of money in the country but pay little tax. Prime Minister Jacinda Ardern said there's a gap that needs to be closed. "Our current tax system is not fair in the way that it treats individual taxpayers and the way that it treats multinationals," she said.
In a story Feb. 8 about retailers adopting technology to allow shoppers to buy goods without waiting in line, The Associated Press misspelled the name of a provider of checkout-free shopping technology. A year after Amazon opened its first cashier-less store, startups and retailers are racing to get similar technology in stores throughout the world, letting shoppers buy groceries without waiting in line.
From allowing companies to hold super-voting rights to letting key shareholders buy stock in IPOs, tech companies are lobbying Hong Kong Exchanges & Clearing Ltd. for changes or waivers that would help their businesses, according to people familiar with the matter. With intense competition from exchanges in New York and elsewhere to win listings, and many multibillion-dollar Chinese companies poised to go public, pressure is building on Hong Kong to maintain its position as a financial center. In one instance, Maoyan Entertainment threatened to walk away from Hong Kong if it couldn’t get permission for investor Tencent Holdings Ltd. to buy more shares in its IPO, said the people familiar with the matter, who asked to not be identified as they weren’t authorized to speak on the matter.
Key Updates from Amazon, eBay, and Alibaba(Continued from Prior Part)Metro operates dozens of retail stores in China Alibaba (BABA) is in talks to purchase a stake in the Chinese operations of German retailer Metro, according to a Reuters report
The Latest Trends in Tech: NVIDIA, Apple, and Amazon(Continued from Prior Part)The crypto hangover has adversely affected NVIDIA One of the biggest beneficiaries of the cryptocurrency hype was NVIDIA (NVDA), whose stock rose 950% between February