Markets


China urges US to return to reason on trade
- August 02, 2018

While a trade dispute is obviously not comparable to a shooting war, the current U.S. Chinese and U.S. flags are set up for a signing ceremony during a visit by U.S. When the list was initially published last month, the planned levy was just 10 per cent. Trump recently threatened to slap punitive tariffs on all Chinese exports to the United States, which amounted to more than $500 billion a year ago. (more...)
Chipotle slides following report of customers getting ill at an OH restaurant Chipotle slides following report of customers getting ill at an OH restaurant
- August 02, 2018

Three reports were made to the website on July 29 and July 30, indicating that at least nine customers fell sick after eating there. The Delaware County health department received hundreds of calls complaining of symptoms attributed to eating at the restaurant . (more...)
OH tax free holiday OH tax free holiday
- August 02, 2018

August 5. No sales tax will be collected on select clothing or footwear having a selling price of less than $100 per item. Walker stated some of the surplus should be returned to tax payers in the form of a sales tax holiday . Hollenbeck says many shoppers are confused about purchases that quality-or don't-for tax free status. The weekend begins on Friday and goes through Sunday. (more...)
Apple becomes world's 1st trillion-dollar company Apple becomes world's 1st trillion-dollar company
- August 02, 2018

The iPhone maker achieved that big number on Thursday when the stock passed $207.04 a share. According to a quarterly report that Apple filed with the SEC on Wednesday, the company had 4,829,926,000 shares outstanding as of July 20, the most recent figure available. (more...)
Kroger, Trader Joe's, Walgreens hit by health alert issued over parasite risk Kroger, Trader Joe's, Walgreens hit by health alert issued over parasite risk
- August 02, 2018

A health alert has been issued for two dozen types of salads and sandwich wraps that may contain lettuce infected with a fecal parasite. Caito learned of the problem when its supplier, Fresh Express, notified it of a recall involving some of the lettuce in products packaged under a variety of brand names. (more...)
Dollar seesaws vs yen after BOJ tweaks policy Dollar seesaws vs yen after BOJ tweaks policy
- August 02, 2018

TOKYO-The yield on the benchmark Japanese government bond posted its biggest percentage-point gain in two years, a day after Bank of Japan Gov. Haruhiko Kuroda said he would allow the yield to move in a wider band. Some observers saw Tuesday's developments as a precursor to policy normalization some time in the future. The Federal Reserve is next in line to announce policy on Wednesday. (more...)
Tesla Reports Record $717.5 Million Net Loss in Second Quarter Tesla Reports Record $717.5 Million Net Loss in Second Quarter
- August 02, 2018

They've had significant production ramp issues. But its cash burn rate was less than investors expected, and the company had $2.2 billion in cash at the end of the quarter. The business world is looking so closely at Tesla's cash levels because Tesla worked mightily to reach its long-sought milestone of making 5,000 Model 3s in a week. (more...)
Trump Hits Turkish Officials with Sanctions over Pastor Brunson's Detainment Trump Hits Turkish Officials with Sanctions over Pastor Brunson's Detainment
- August 02, 2018

He has been charged with engaging in espionage and aiding terrorist groups. Brunson was held for almost two years in prison on terror-related charges before he was moved last week to house arrest. citizens and diplomatic staff". Ankara has balked strongly at Trump threatening Turkey with sanctions if it does not release Brunson, who is charged with spying for FETÖ and the PKK - a designated terrorist group in the USA and Turkey. (more...)
Samsung posts a soft second quarter on weak flagship phone sales
- August 01, 2018

Revenue for the April-June period fell 4 percent to 58.5 trillion won. As we mentioned above, there's no indication of when this Galaxy A smartphone might be coming, but it would be a little unusual if Samsung premiered these premium features on its mid-range smartphones before its flagships. (more...)
Apple closes in on trillion dollar status Apple closes in on trillion dollar status
- August 01, 2018

Apple is on the cusp of becoming the world's first trillion-dollar company after smashing Wall Street forecasts on Tuesday night (US time) with a leap in profits. Analysts were looking for 41.6 million iPhone units in the quarter, and an average selling price of US$699, according to estimates compiled by Bloomberg News. (more...)
Harley-Davidson Developing Motorcycles For Indian Roads Harley-Davidson Developing Motorcycles For Indian Roads
- July 31, 2018

It will kick-start with the launch of its first electric motorcycle , LiveWire in 2019. With an eye on India, Harley-Davidson has made a decision to go small at a time when it is caught in a bitter trade war initiated by US President Donald Trump . (more...)
McDonald’s launches worldwide currency MacCoin McDonald’s launches worldwide currency MacCoin
- July 31, 2018

The Thursday launch date was selected for the brass-colored coins because it would've been the 100th birthday of Jim Delligatti, a McDonald's franchisee in western Pennsylvania who invented the Big Mac. The coins will come in five designs representing one of the five decades of Big Mac. The McDonald's MacCoin is part of a new promotional event being held by the fast food company to celebrate the Big Mac's 50th anniversary. (more...)
Elon Musk sells limited edition Tesla surfboards Elon Musk sells limited edition Tesla surfboards
- July 31, 2018

Tesla is a company known for various "green" products, such as electric cars, solar roof tiles, battery packs for the home, and so on. Musk, the CEO of Tesla , SpaceX and The Boring Company , is quite regular with interesting products that can help fund his bigger plans of hybrid cars, a hyperloop transport system and colonising Mars. (more...)
EU Insists Agriculture Not a Part of Trade Truce with Trump EU Insists Agriculture Not a Part of Trade Truce with Trump
- July 30, 2018

It appeared that a major LNG deal between the trading partners had been struck. Over the 12 months to April, foreign portfolio investors pumped some US$100 billion into China's newly accessible onshore bond market. I mean it's really not going to amount to anything. China has retaliated accordingly to U.S. tariffs by placing its own tariffs on USA products, particularly soybeans. (more...)
Facebook shareholders sue company as stocks tumble Facebook shareholders sue company as stocks tumble
- July 30, 2018

So far, three class-action suits have been filed by shareholders claiming that Facebook made false and misleading statements to investors including lack of disclosure around monetization associated with Instagram Stories. Meanwhile, Twitter shares took a pounding on Friday amid a warning of a shrinking user base, extending a stock market bloodbath for what had been a sizzling social media sector. (more...)
China being vicious on trade, says Trump China being vicious on trade, says Trump
- July 29, 2018

With the United States threatening to impose punishing new tariffs on European Union auto exports, Juncker said: "We are close partners, allies - not enemies". "It is not the European Commission that buys, but the industry, and traders who look for goods where they are the least expensive for their financial interests", one European soybean trader said. (more...)
Trump 'open' to visiting Moscow for meeting with Putin Trump 'open' to visiting Moscow for meeting with Putin
- July 28, 2018

Speaking of Mattis, the Pentagon chief also said he is considering direct talks with his Russian counterpart, Sergey Shoigu. In one remark, he suggested that he trusted Putin more than his own top intelligence offer regarding evidence of Russian meddling in the U.S. (more...)
Nasdaq sheds 1% as Facebook leads tech plunge Nasdaq sheds 1% as Facebook leads tech plunge
- July 28, 2018

The ecommerce-giant Amazon reported earnings Thursday evening. Dow e-minis were up 58 points, or 0.23 percent. The benchmark September E-mini S&P 500 Index futures contract is at 2835.25, down 6.00 or -0.21% and the blue-chip Dow Jones Industrial Average futures contract is trading 25416, down 34 or -0.13%. (more...)
Trump Predicts 9 Percent Growth, Budget Surplus by End of Presidency Trump Predicts 9 Percent Growth, Budget Surplus by End of Presidency
- July 28, 2018

GDP growth recorded a 5.1 percent pace in the second quarter of 2014 and the economy experienced four quarters of output above a 4.0 percent rate. Speaking from the South Lawn of the White House Friday morning, President Donald Trump boasted about the GDP numbers, saying that his administration has "accomplished an economic turnaround of historic proportions". (more...)
Twitter's stock plunges 21% after reporting drop in user numbers Twitter's stock plunges 21% after reporting drop in user numbers
- July 28, 2018

Chief Executive Jack Dorsey said in a statement that daily users grew 11 percent compared to a year ago, saying this showed that addressing "problem behaviors" was turning the service into a daily utility. "Investors are overreacting to (monthly active user) trends", BTIG analyst Richard Greenfield said about the share fall. But a lingering concern has been the stalled user base, with Twitter struggling to move beyond its core of celebrities, journalists and politicians. (more...)