Business and technology quick bites: 17.06.2021

The highlighted words in red are links to the news article.

June 17, 2021 (last updated at 8.05 am)

Business News

1. Stock market updates: Wall Street closes lower, dollar rallies as Federal Reserve projects rate hikes for 2023.
2. Oil prices closes on US$75 a barrel, at multi-year highs.
3. Japan manufacturers remains positive in June thanks to strong overseas demand according to the Reuters Tankan.
4. Meme stocks prices may not properly reflect demand, says President of New York Stock Exchange.
5. Federal Reserve warns that the path of the economy would depend “significantly” on the course of the virus.
6. Blackstone to buy office developer SOHO China in US$3 billion deal.

Technology News

1.  Alphabet’s self-driving unit Waymo, raises US$2.5 billion in fresh funding round in a year after a string of defections of executives rekindled concerns about the technology struggling to scale up.
2. Facebook AI software is able not only to identify “deepfake” images but to figure out where they came from.
3. Israel ‘startup nation’ era may be ending raising concerns for the future of the country’s much-vaunted technology sector and the wider economy: new figures shows.
4. 32-year-old Lina Khan taking on Big Tech, sworn in as chair of the US Federal Trade Commission (FTC).
5. Indonesia ecommerce Bukalapak seeks to raise as much as US$800 million in IPO in August, in what is likely to be the biggest by a startup in the Southeast Asian nation.