Hidden records show thousands of senior executive branch employees owned shares of companies whose fates were directly affected by their employers’ actions, a Wall Street Journal investigation found
Order Reprints Text size
An employee in the warehouse of Cainiao Smart Logistics Network, the logistics affiliate of e-commerce giant Alibaba, in Wuxi, China s Jiangsu province in November, 2020. HECTOR RETAMAL/AFP/Getty Images
China’s economic recovery has set it apart in the past year, sending Chinese stocks soaring, and drawing investors. But U.S. investors have had to grapple with increasing risks, including Beijing’s heightened scrutiny of its internet giants, as well as a flurry of U.S. executive orders aimed at restricting U.S. investment in some Chinese companies.
Questions about the state of U.S.-China relations as the Biden administration comes in and the fate of measures introduced in recent weeks raises questions of how U.S. investors should proceed, even as strategists and large investors advocate for China to be part of long-term portfolios.
VMware, Pat Gelsinger, effective Feb. 15. Since Swan took over in 2019, Intel has divested from non-core assets while making acquisitions that
strengthened its core business. But as
Barron’s notes, “Swan doesn’t have semiconductors in his DNA and is known as more of a software and finance executive than a man with deep technical expertise.” Gelsinger, on the other hand, is
a prominent technical expert in the chip industry. He’s a trained engineer who has written a microprocessor programming book, holds several patents, helped create Wi-Fi technology and spent three decades at Intel earlier in his career. “After careful consideration, the board concluded that now is the right time to make this leadership change to draw on Pat’s technology and engineering expertise during this critical period of transformation at Intel,” Intel chairman Omar Ishrak said in a statement.
Americans Wonât Be Banned From Investing in Alibaba, Tencent and Baidu
Nine other Chinese companies will be added to Pentagonâs Chinese military companies list President-elect Joe Biden has sent signals that the U.S. will remain tough on China, from trade to technology. WSJâs Jonathan Cheng explains the new administrationâs policy approach and how China might respond. Photo: Lintao Zhang/Xinhua/Associated Press By Updated Jan. 13, 2021 5:32 pm ET
The U.S. government is expected to let Americans continue to invest in Chinese technology giants Alibaba Group Holding Ltd. , Tencent Holdings Ltd. and Baidu Inc., after weighing the firmsâ alleged ties to Chinaâs military against the potential economic impact of banning them.
Here’s what we’re watching as markets kick into gear on Tuesday.
U.S. stock futures edged higher Tuesday, suggesting major indexes will resume their recent climb after a slide in technology shares weighed on markets at the start of the week. Read our full market wrap here.
What’s Coming Up Home builder KB Home will deliver its quarterly earnings report after markets close. Live Q&A: Join WSJ chief economics correspondent Nick Timiraos for an interview with the St. Louis Fed’s James Bullard. Bullard at 1 p.m. ET. The U.S. job openings and labor turnover survey for November is out at 10 a.m.