Markets
Ayanna Pressley upsets Michael Capuano in race for Congress
- September 05, 2018
Pressley has bristled at the notion that race was a defining issue in her campaign. In challenging U.S. Representative Michael Capuano , who had not faced a primary challenge since he was first elected in 1998, Pressley argued that she was more attuned to the needs of residents of the state's only congressional district where a majority of residents are not white. (more...)
- September 05, 2018
Pressley has bristled at the notion that race was a defining issue in her campaign. In challenging U.S. Representative Michael Capuano , who had not faced a primary challenge since he was first elected in 1998, Pressley argued that she was more attuned to the needs of residents of the state's only congressional district where a majority of residents are not white. (more...)
Amazon becomes second $1 trillion company in US
- September 05, 2018
And Bezos's fortune has been skyrocketing as Amazon shares have soared in 2018: Through most of the year thus far, Bezos's net worth has been increasing at an average of roughly $260 million per day . Prescription medicine would be a natural market for Amazon to expand into, according to Enderle. Achieving the valuation marks the latest chapter in an astonishing story of growth for the company, founded by businessman Jeff Bezos in Seattle, Washington, in 1994. (more...)
- September 05, 2018
And Bezos's fortune has been skyrocketing as Amazon shares have soared in 2018: Through most of the year thus far, Bezos's net worth has been increasing at an average of roughly $260 million per day . Prescription medicine would be a natural market for Amazon to expand into, according to Enderle. Achieving the valuation marks the latest chapter in an astonishing story of growth for the company, founded by businessman Jeff Bezos in Seattle, Washington, in 1994. (more...)
Amazon market value tops $1tn
- September 04, 2018
Amazon became the second big U.S. company to hit $1 trillion in stock market value in the latest demonstration of the rising clout of American technology heavyweights. He said: "Amazon has now become the second company to reach a trillion dollar valuation, following Apple in August this year". Amazon retreated slightly after hitting the milestone, and near 1545, it was up 1.3 percent to $2,038.71. (more...)
- September 04, 2018
Amazon became the second big U.S. company to hit $1 trillion in stock market value in the latest demonstration of the rising clout of American technology heavyweights. He said: "Amazon has now become the second company to reach a trillion dollar valuation, following Apple in August this year". Amazon retreated slightly after hitting the milestone, and near 1545, it was up 1.3 percent to $2,038.71. (more...)
Petrol, diesel prices at highest-ever levels on rupee woes
- September 03, 2018
Thanks to that intervention, the price a litre of 95-octane petrol will go up on Wednesday from R15.44 to R15.49 at the coast and from R16.03 to R16.08 in Gauteng. The country recently introduced the monthly pricing formula to compensate the prices as per the global crude oil price variation. Just like India, the Nepali rupee , which is pegged with India's currency, is also not performing well against the dollar. (more...)
- September 03, 2018
Thanks to that intervention, the price a litre of 95-octane petrol will go up on Wednesday from R15.44 to R15.49 at the coast and from R16.03 to R16.08 in Gauteng. The country recently introduced the monthly pricing formula to compensate the prices as per the global crude oil price variation. Just like India, the Nepali rupee , which is pegged with India's currency, is also not performing well against the dollar. (more...)
California defies FCC and Trump by passing tough net neutrality laws
- September 03, 2018
After the vote , Wiener tweeted: "We will make the case to the Governor that cities should be able to decide for themselves what kind of nightlife makes sense". Last month they asked the USA court of Appeal to reject the Trump administration's efforts (the FCC is controlled by its Republican chairman Ajit Pai - appointed by President Trump) to pre-empt states from imposing their own rules guaranteeing an open internet. (more...)
- September 03, 2018
After the vote , Wiener tweeted: "We will make the case to the Governor that cities should be able to decide for themselves what kind of nightlife makes sense". Last month they asked the USA court of Appeal to reject the Trump administration's efforts (the FCC is controlled by its Republican chairman Ajit Pai - appointed by President Trump) to pre-empt states from imposing their own rules guaranteeing an open internet. (more...)
China Wants to Combat Nearsightedness With Fewer Game Approvals
- September 03, 2018
Investors reacted to those threats, one of many made against video game makers such as Tencent this year, by offloading more of the tech giant's shares. The onus may ultimately fall on the gaming companies themselves: Tencent for instance in 2017 instituted time-limits for minors after state newspapers singled out its signature title, Honour of Kings, for encouraging addiction. (more...)
- September 03, 2018
Investors reacted to those threats, one of many made against video game makers such as Tencent this year, by offloading more of the tech giant's shares. The onus may ultimately fall on the gaming companies themselves: Tencent for instance in 2017 instituted time-limits for minors after state newspapers singled out its signature title, Honour of Kings, for encouraging addiction. (more...)
Trump ready to ramp up China trade war with more tariffs
- September 03, 2018
Emerging market currencies fell. The broader S&P 500 fell 12.91 points (0.44 per cent) to 2,901.13, while the tech-heavy Nasdaq was off 21.32 points (0.26 per cent) to 8,088.36. The benchmark Dow Jones Industrial Average dropped 137.65 points (0.53 per cent) to 25,986.92. The cautious market benefited the safe haven Japanese yen, which rose 0.6 percent on Thursday, its biggest daily rise in about six weeks. (more...)
- September 03, 2018
Emerging market currencies fell. The broader S&P 500 fell 12.91 points (0.44 per cent) to 2,901.13, while the tech-heavy Nasdaq was off 21.32 points (0.26 per cent) to 8,088.36. The benchmark Dow Jones Industrial Average dropped 137.65 points (0.53 per cent) to 25,986.92. The cautious market benefited the safe haven Japanese yen, which rose 0.6 percent on Thursday, its biggest daily rise in about six weeks. (more...)
JD.com head Liu briefly held in United States for sexual misconduct
- September 03, 2018
Records from Hennepin county jail showed Liu, founder and CEO of Chinese online retail giant JD.com, was arrested over the misconduct allegations on Friday night and released Saturday afternoon. The billionaire has been dubbed the "Jeff Bezos of China " and has been a prime challenger to Jack Ma's Alibaba e-commerce empire. In July, a judge in Australia rejected his request for a suppression order. (more...)
- September 03, 2018
Records from Hennepin county jail showed Liu, founder and CEO of Chinese online retail giant JD.com, was arrested over the misconduct allegations on Friday night and released Saturday afternoon. The billionaire has been dubbed the "Jeff Bezos of China " and has been a prime challenger to Jack Ma's Alibaba e-commerce empire. In July, a judge in Australia rejected his request for a suppression order. (more...)
CBOE May Launch Ether Futures by the End of 2018
- September 03, 2018
Experts in the field have noted that the launch of Ether futures would expand the trading opportunities and could pave the way for eventual regulatory approval for ETFs. The World's largest exchange holding company, CBOE announces to establish future for Ethereum ( ETH ) as per the valid report published on 30th August. (more...)
- September 03, 2018
Experts in the field have noted that the launch of Ether futures would expand the trading opportunities and could pave the way for eventual regulatory approval for ETFs. The World's largest exchange holding company, CBOE announces to establish future for Ethereum ( ETH ) as per the valid report published on 30th August. (more...)
Google, Mastercard have ‘secret partnership’ to track in-store transactions
- September 03, 2018
Google also has deals with several third-party companies that process card transaction data. Alphabet Inc.'s Google and Mastercard Inc. formed a partnership after about four years of negotiations, the report stated. Google is paying Mastercard, and conceivably other card systems, to get to this data. " We do not have access to any personal information from our partners' credit and debit cards, nor do we share any personal information with our partners ", added the statement. (more...)
- September 03, 2018
Google also has deals with several third-party companies that process card transaction data. Alphabet Inc.'s Google and Mastercard Inc. formed a partnership after about four years of negotiations, the report stated. Google is paying Mastercard, and conceivably other card systems, to get to this data. " We do not have access to any personal information from our partners' credit and debit cards, nor do we share any personal information with our partners ", added the statement. (more...)
President Trump Cancels Pay Raise Due Federal Workers in January
- September 03, 2018
But Trump's pay freeze comes even as he touts a booming economy. Trump said both increases should no longer happen. However, both the House and Senate have differing spending plans and Trump would ultimately have to sign the bill to put it into action. (more...)
- September 03, 2018
But Trump's pay freeze comes even as he touts a booming economy. Trump said both increases should no longer happen. However, both the House and Senate have differing spending plans and Trump would ultimately have to sign the bill to put it into action. (more...)
In Kenya, British PM promises post-Brexit trade continuity
- September 03, 2018
May made the announcement during a three-day visit to Africa, and emphasised the need to fight the challenge of modern slavery, but also to support the victims of such crimes to find jobs and reintegrate into their community upon their return. (more...)
- September 03, 2018
May made the announcement during a three-day visit to Africa, and emphasised the need to fight the challenge of modern slavery, but also to support the victims of such crimes to find jobs and reintegrate into their community upon their return. (more...)
Barnier says no-deal Brexit is possible despite market optimism
- September 02, 2018
A Brexit deal must be signed by "November at the latest", the EU's chief negotiator has warned. The European Union's Michel Barnier says it's "possible" to get an agreement on Britain's withdrawal from the EU in time for a summit of the bloc's leaders in Brussels from October 18 to 19, but added that a delay into November was also possible. (more...)
- September 02, 2018
A Brexit deal must be signed by "November at the latest", the EU's chief negotiator has warned. The European Union's Michel Barnier says it's "possible" to get an agreement on Britain's withdrawal from the EU in time for a summit of the bloc's leaders in Brussels from October 18 to 19, but added that a delay into November was also possible. (more...)
India’s Q1 2018-19 GDP grows at 8.2%
- September 02, 2018
Finance Minister Arun Jaitley , on Thursday, said that India is all set to take over the United Kingdom as the world's fifth largest economy. Although the GDP growth is welcome, some analysts doubt the economy will accelerate further. (more...)
- September 02, 2018
Finance Minister Arun Jaitley , on Thursday, said that India is all set to take over the United Kingdom as the world's fifth largest economy. Although the GDP growth is welcome, some analysts doubt the economy will accelerate further. (more...)
Argentina to announce new economic measures after peso freefall
- September 02, 2018
Argentina's peso tumbled 7.6 percent against the US dollar despite the central bank's heavily selling reserves for a second day on Wednesday after the president asked the International Monetary Fund for early release of standby funds, shaking investors' confidence. (more...)
- September 02, 2018
Argentina's peso tumbled 7.6 percent against the US dollar despite the central bank's heavily selling reserves for a second day on Wednesday after the president asked the International Monetary Fund for early release of standby funds, shaking investors' confidence. (more...)
Warren Buffett says Berkshire Hathaway buying own stock, more Apple
- September 02, 2018
Buffett has expanded his company into a conglomerate with a $520 billion market cap and footholds in the railroad business, insurance industry and energy sector. Buffett reiterated his view that stocks are the best long-term investment during an interview on CNBC Thursday. His company, Berkshire Hathaway, increased its stake in Apple by five percent in the second quarter. (more...)
- September 02, 2018
Buffett has expanded his company into a conglomerate with a $520 billion market cap and footholds in the railroad business, insurance industry and energy sector. Buffett reiterated his view that stocks are the best long-term investment during an interview on CNBC Thursday. His company, Berkshire Hathaway, increased its stake in Apple by five percent in the second quarter. (more...)
Nafta betrayal casts a gloomy mood over Canada trade deal
- September 01, 2018
For Trump , striking a new trade deal with Mexico - and possibly Canada - would be welcomed as a political win for Republicans ahead of the crucial US midterm elections this fall. The U.S. announced a sweeping overhaul of NAFTA Monday after five weeks of talks with Mexico that excluded Canada, then invited the Canadians to discussions they said would have to conclude on Friday. (more...)
- September 01, 2018
For Trump , striking a new trade deal with Mexico - and possibly Canada - would be welcomed as a political win for Republicans ahead of the crucial US midterm elections this fall. The U.S. announced a sweeping overhaul of NAFTA Monday after five weeks of talks with Mexico that excluded Canada, then invited the Canadians to discussions they said would have to conclude on Friday. (more...)
Trump threatens to withdraw US from World Trade Organization
- September 01, 2018
China is a thorn, per US Trade Representative Robert Lighthizer, who views China's 2001 entry into the body as a mistake . His remarks, made in an interview with Bloomberg News on Thursday, were the latest in a series of attacks on institutions of the global order that the USA helped to build after World War II. (more...)
- September 01, 2018
China is a thorn, per US Trade Representative Robert Lighthizer, who views China's 2001 entry into the body as a mistake . His remarks, made in an interview with Bloomberg News on Thursday, were the latest in a series of attacks on institutions of the global order that the USA helped to build after World War II. (more...)
Rupee pares early losses, down 10 paise at 70.69 against USA dollar
- August 31, 2018
The descending trend in the value of rupee against the U.S. dollar continues. Emerging market currencies are under pressure, this has also weighed on the rupee. A cheaper rupee could increase India's crude oil bill by as much as US$26 billion in the financial year 2018/19, ending March 2019, according to Indian government officials. (more...)
- August 31, 2018
The descending trend in the value of rupee against the U.S. dollar continues. Emerging market currencies are under pressure, this has also weighed on the rupee. A cheaper rupee could increase India's crude oil bill by as much as US$26 billion in the financial year 2018/19, ending March 2019, according to Indian government officials. (more...)
Chidambaram expresses scepticism over GDP growth prospects in coming year
- August 31, 2018
Last year's tax reform was seen as broadly positive for the Indian economy in the long run, but "the hurdles to "big bang" reforms on land and labor could prove to be much bigger", she added. Still, India's $2.6-trillion economy surpassed France's in 2017 to become the world's sixth largest, and it was not far behind the United Kingdom, according to World Bank data. (more...)
- August 31, 2018
Last year's tax reform was seen as broadly positive for the Indian economy in the long run, but "the hurdles to "big bang" reforms on land and labor could prove to be much bigger", she added. Still, India's $2.6-trillion economy surpassed France's in 2017 to become the world's sixth largest, and it was not far behind the United Kingdom, according to World Bank data. (more...)
Latest news
Bill and Melinda Gates get asked whether billionaires should exist