Pentagon Cancels $10 Billion JEDI Cloud Contract Billion

The Department of Defense announced Tuesday that it is canceling its $10 billion cloud contract, which has been the subject of a legal battle between Amazon and Microsoft. But it is also announcing a new contract and soliciting proposals from both cloud service providers, where both are likely to rake in a reward. The JEDI … Read more

David Roche on why it is ‘too risky’ to own Chinese tech stocks

Chinese e-commerce applications leading up to June 18 mid-year shopping festival. Clockwise from top left: Alibaba Groups Taobao, Pinduoduo, Alibaba, Alibaba’s Tmall, JD.com and Alibaba’s Idle Fish. Chan Long Hei | Bloomberg | Getty Images Tensions with the United States and its allies mean that China “will have trouble accessing the high end of things … Read more