Peloton’s Christmas ad mocked as sexist
Exercise bike maker Peloton Interactive Inc said on Wednesday it was encouraged by support from some customers and social media users, despite its Christmas ad coming under criticism for being “sexist” and “dystopian”.
Elon Musk returns to testify in defamation trial over ‘pedo guy’ tweets
Tesla Chief Executive Elon Musk returned to court on Wednesday to resume testifying at a trial to decide whether he defamed a British diver whom the Silicon Valley billionaire called “pedo guy” on Twitter.
U.S. services sector, private payrolls growth slow
U.S. services sector activity slowed in November as lingering concerns about trade tensions and worker shortages pushed production to its lowest level in a decade, which could heighten fears about the economy’s health.
Wall Street bounces on trade deal hopes
Wall Street’s main indexes looked set to break a three-day losing streak on Wednesday, following a report that the United States and China were moving closer to signing a “phase one” trade deal.
Stocks rally on renewed trade talk optimism, yields rise
Government debt yields and a gauge of global equity markets rose on Wednesday as sentiment improved after U.S. President Donald Trump said trade talks with China were going “very well” and a news report suggested key differences were being ironed out.
Exclusive: WeWork China sets out bold 2020 sales targets at meeting – sources
WeWork China has set out ambitious revenue goals for 2020 even though it faces staff cutbacks and weak occupancy numbers at its properties across China, sources familiar with the matter said, citing targets announced by the division’s general manager a…
Exclusive: Alibaba-backed startup AutoX applies for driver-less test permit in California
Chinese startup AutoX, backed by e-commerce giant Alibaba, has applied to test self-driving vehicles without an in-car backup driver in California, the first challenger to Alphabet Inc’s autonomous driving venture Waymo to say it has done so.
Oil jumps 4% on U.S. stockpiles drop; further OPEC output cuts seen
Oil prices surged 4% on Wednesday on expectations that OPEC and allied producers would extend production curbs, and as U.S. government data showed a large drop in domestic crude stockpiles.
Airbnb to process EU payments via Luxembourg as Brexit looms
Airbnb will process payments between hosts and guests for the European Union through Luxembourg as of 2020, as the home rental giant prepares for Britain’s departure from the bloc, Luxembourg for Finance said on Wednesday.
Ryanair CEO denies accusation of bullying former operations chief
Ryanair chief executive Michael O’Leary on Wednesday dismissed accusations that he bullied and forced out his former operations chief Peter Bellew, telling a court he was a highly paid professional who had failed to deliver.
