Markets

Google Pixel 3 XL wireless charging confirmed as camera samples leak out

Google Pixel 3 XL wireless charging confirmed as camera samples leak out Now, with some detective work, we may have an idea where all these unreleased phones are coming from. If that isn't enough, how about a confirmation that the Pixel 3 XL is going to support wireless charging? With the Pixel 3 XL , if it is released as we see in this latest round of leaks, Google isn't changing its strategy to appease the enthusiast crowd. [Full Article...]

Sears and Kmart stores closing this year

Sears and Kmart stores closing this year According to CNN, when Sears and Kmart merged in 2005, the company had about 3,500 USA locations. "We continue to evaluate our network of stores, which is a critical component to our integrated retail transformation, and will make further adjustments as needed", it said . [Full Article...]

Britain presses for more European Union sanctions against Russian Federation

Britain presses for more European Union sanctions against Russian Federation Earlier this month, the U.S. State Department said Washington would impose new sanctions on Russia around August 22 over the alleged poison attack on ex-Russian spy, Sergei Skripal, and his daughter Yulia in the British city of Salisbury in March. [Full Article...]

Britain Calls For More EU Sanctions On Russia

Britain Calls For More EU Sanctions On Russia In the worst reboot of The Hunt For Red October we've ever heard, Russian Federation has lost a secretive nuclear-powered cruise missile at sea during a failed test in the last several months, CNBC reports . The status of the missile and its nuclear fuel is unknown, and its disappearance has reportedly triggered an an all-out search in the Barents Sea north of Scandinavia by Russian military ... [Full Article...]

Trump asks U.S. SEC to consider switch to half-year corporate filings

Trump asks U.S. SEC to consider switch to half-year corporate filings Asking the Securities and Exchange Commission ( SEC ) - an independent agency - to move to twice-yearly reporting could help create jobs, Trump said on Twitter . Riley FBR. Japan gradually moved from bi-annual to quarterly reporting during the 2000s. "It's cockamamie idea. For starters, what's the difference between six and three months?". [Full Article...]

U.S. threatens new sanctions, Turkey vows to respond

Qatar's royal court released a statement saying Al-Thani "issued directives that will see the State of Qatar to provide a host of economic projects, investments, and deposits" worth $15 billion to support the Turkish economy. The Turkish lira is trading under its fair market value, and its depreciation is expected to narrow the current account deficit in Turkey, according to the Washington-bas... [Full Article...]

Crude oil futures climb 1.46% on firm global cues

Crude oil futures climb 1.46% on firm global cues The drop in demand for OPEC crude means there will be less strain on other producers in making up for supply losses in Venezuela and Libya, and potentially in Iran as renewed US sanctions kick in. This was attributed to a weaker-than-expected demand in Latin America and the Middle East during the second quarter of the year. June's OPEC meeting ended with a commitment for just under 1 million b... [Full Article...]

Erdogan warns Trump: Turkey does not respond to threats

Erdogan warns Trump: Turkey does not respond to threats In response, President Trump tweeted in July, "The United States will impose large sanctions on Turkey for their longtime detainment of Pastor Andrew Brunson , a great Christian, family man and wonderful human being". According to a source in Erdogan's office, the two said they were pleased with the positive direction in their economic and trade ties and with the ongoing cooperation in the... [Full Article...]

Trump vows to impose tariffs on more Chinese goods

Trump vows to impose tariffs on more Chinese goods Washington has so far lined up an additional $200 billion in Chinese imports and last week Trump said he could raise tariffs on those products to 25 percent instead of the previously touted 10 percent. So far, despite the rhetoric, only $37bn worth of imports into China and the U.S. have actually been affected. The first tariffs were imposed in March and China responded in April. [Full Article...]

Snap sees users drop for first time in Q2; sales beat estimates

Snap sees users drop for first time in Q2; sales beat estimates Shares of Snap initially dropped, then jumped as high as $14.90 in extended trading following the report, after climbing less than 1 percent to $13.12 in NY. Analysts on average expected Snap to gain almost 2 million users in the second quarter from the first. Analysts had expected net losses of $0.17 per share in revenue of $251.19 million. [Full Article...]

Wall Street sees funding hurdle to Musk's plan to take Tesla private

Wall Street sees funding hurdle to Musk's plan to take Tesla private Musk's tweets caused a flurry of activity in financial markets. Tesla Inc.'s board confirmed it knew last week about Elon Musk's proposal to take the electric-car maker private, adding credence to the idea that this was more than a spur-of-the-moment whim from the notoriously impulsive billionaire. [Full Article...]

Facebook in talks with banks to expand customer service

Facebook in talks with banks to expand customer service US banks including JP Morgan Chase, Wells Fargo , Citigroup and US Bancorp have been asked to consider potential deals that would host bank customers on Facebook Messenger. The banks' primary concern with this partnership is, unsurprisingly, about data privacy . The Journal's report comes as Facebook has drawn increasing criticism over its privacy practices following revelations that poli... [Full Article...]

Musk Says He May Take Tesla Private, Shares Roar

Tesla has been publicly traded since 2010, and has seen its share price rise from just under $20 then to $360 at time of writing. Musk said he is considering taking the electric auto maker private. Musk owns almost 20 percent of the company. I think he's serious. Last month, he alleged "sabotage" at Tesla's operations by an employee, who responded by claiming to be a 'whistleblower'. [Full Article...]

Apple Is Now The World's First $1 Trillion-Worth Company

Apple Is Now The World's First $1 Trillion-Worth Company Apple generates billions from hardware sales: It had $29.9 billion in iPhone sales, up 20% year over year, for the June 30 quarter. Analysts polled by Bloomberg have an average price target of $212.79, which would translate to a market cap of $1.05 trillion. [Full Article...]

Facebook just had the worst day in stock market history

Facebook just had the worst day in stock market history Facebook shares have already been through a rollercoaster of ups and downs this year, with the biggest slump coming in April after it emerged data from tens of millions of users had been acquired by Cambridge Analytica . It was Facebook's lowest user growth rate ever. While privacy was an issue in Europe, politics played a role in North America, which is the company's most lucrative advertis... [Full Article...]

EU Announce a Truce in Trade War

EU Announce a Truce in Trade War He said Europe has agreed to increase purchases of U.S. liquefied natural gas and lower trade barriers to American soybeans, american farmers and the energy sector. He added that they would try to "resolve" steel and aluminium tariffs he imposed earlier this year and retaliatory duties the European Union levied in response. [Full Article...]

Trump’s auto tariffs would be a massive escalation of trade war

Trump’s auto tariffs would be a massive escalation of trade war European Commission President Jean-Claude Juncker is scheduled to meet Trump Wednesday in Washington , a last-ditch effort to convince him to hold off imposing punitive tariffs on European auto exports to the US. "I don't think there is enough money in the government to make anybody whole", Ebert said. Additionally, American goods shipped overseas are being slowed from reaching market by u... [Full Article...]

Trump Trade War- China vows to adopt countermeasures

Trump Trade War- China vows to adopt countermeasures Beijing also has filed a complaint in the World Trade Organization against the United States actions. Political leaders in agricultural states fear volatility in commodity markets as President Donald Trump contemplates additional new tariffs. [Full Article...]

Brexit vote: Government defeats EU customs union bid

Brexit vote: Government defeats EU customs union bid The vote also demonstrated the vital importance of the four or five Labour Brexiteers who have repeatedly defied their own party whip and voted with the government. Two top pro-Brexit ministers, Boris Johnson and David Davis , quit in protest last week, and a string of junior walkouts have followed suit - including two more officials on Monday. [Full Article...]

Ban on Chinas ZTE lifted

Ban on Chinas ZTE lifted The Commerce Department had said it would remove the ban after ZTE paid a $1 billion penalty and placed $400 million in a USA bank escrow account as part of a settlement reached last month. Shares of US suppliers Acacia Communications and Lumentum Holdings rose more than 3 percent on the news before ending less than 1 percent higher. The company, which employs some 80,000 people, got a limited... [Full Article...]


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