Markets


Tencent shuts down PUBG Mobile in China Tencent shuts down PUBG Mobile in China
- May 08, 2019

China accounts for 29% of PUBG Mobile's global downloads, but government regulators denied Tencent permission to monetize the title, permitting millions of players to fight through the game's virtual battlefields for free. IHS Markit games analyst Cui Chenyu has stated Game for Peace is incredible similar to PUBG , "It's nearly exactly the same". PubG is already a popular game around the world. (more...)
Buffett backs Kraft Heinz after 'misconduct' revealed Buffett backs Kraft Heinz after 'misconduct' revealed
- May 08, 2019

The disclosure comes during a period of tumult at Kraft Heinz , which last month announced its CEO is stepping down and on Monday confirmed it is losing it US chief marketing and global brand officer Edward Luz. "The company is taking action to improve our policies and procedures and will continue to strengthen our internal financial controls", Kraft Heinz spokesman Michael Mullen said. (more...)
As Uber cruises towards $90bn float, the backlash from drivers intensifies As Uber cruises towards $90bn float, the backlash from drivers intensifies
- May 08, 2019

In New York, where ride-hailing drivers just won a two-year fight for a law that gives them a minimum salary (which will increase their pay by an average of $10,000 per year), many workers will strike and hold a rally in solidarity. Sexton believes the push for localized pay rules could start to spread beyond New York City . As such, even presidential candidates have spoken out on the organized strike. (more...)
Binance hacked for 7,000 Bitcoin in Binance hacked for 7,000 Bitcoin in "large scale security breach"
- May 08, 2019

Withdrawals have now been suspended on the platform. However, the exchange said it would replace the lost cash with the help of its emergency insurance fund. The company plans to undergo a security audit in the coming week to root out hackers from any other accounts they might still be controlling on the platform. (more...)
Tariffs to take effect Friday could impact KC companies Tariffs to take effect Friday could impact KC companies
- May 08, 2019

Stocks took a dive Tuesday morning in North America, amid increased anxiety over the tariff war between China and the U.S. "A major concern here", says RBC analyst Mitch Steves in a Business Insider report, "the products would be deemed mission-critical and the United States would prevent shipments to China, or tax them heavily". (more...)
Drivers group plans work stoppage at Uber, Lyft Drivers group plans work stoppage at Uber, Lyft
- May 08, 2019

But the future of those bonuses is uncertain: Now that Uber is going public, it's further incentivized to rein in losses, and one way it could do so, the company noted in its SEC filing, is by cutting back on driver incentives. A Lyft representative said drivers' hourly earnings have increased in the last two years. The latter is done to stumble Uber's stock market launch. (more...)
Oxy agrees to contingent sale of Anadarko assets for $8.8B Oxy agrees to contingent sale of Anadarko assets for $8.8B
- May 08, 2019

Seemingly, this announcement would have given some idea as to how Occidental would fund its stock and cash purchase of Anadarko. Last week Occidental also upped its cash offer to $38 billion. The vast shale field holds oil and gas deposits that can produce supplies for decades using low-priced drilling techniques. The sale to Total would account for the majority of the between 10 billion US dollars and 15 billion USA dollars of divestments Occidental said it would seek to fund the proposed ... (more...)
Riot Games supports walkout but will not change policies regarding active lawsuit Riot Games supports walkout but will not change policies regarding active lawsuit
- May 08, 2019

They were protesting against Riot's policy of forced arbitration, which strong-arms employees into company-led negotiations in the event of lawsuits, removing the right to a jury or judge-led verdict. "We support Rioters making their voices heard today". "...we do have plans, and we do have days that we're planning, and we do have commitments that we have responses for", said Indu Reddy, writer at Riot and fellow walkout organiser. (more...)
Beware of One-Ring Robocall Scam Beware of One-Ring Robocall Scam
- May 07, 2019

They also suggest filing an FCC complaint if you do end up getting one of those calls. If you do not make worldwide calls, ask your phone company to block outgoing global calls on your line. The whole objective of the scam is to trick you into calling an overseas number that can place charges on your phone bill. Such scammers may often use spoofing techniques, as well, to further mask the number in your caller ID display. (more...)
Google Pixel 3a leaked Google Pixel 3a leaked
- May 07, 2019

Just hours before its official announcement, specs and images of the eagerly anticipated Google Pixel 3a have been leaked online. Once again the company is making a big deal of its Google Night Sight feature (urging you to "forget the flash") and Portrait Mode (which emulates the depth of field of traditional cameras). (more...)
Iran to adopt countermeasures as USA revokes sanctions waivers Iran to adopt countermeasures as USA revokes sanctions waivers
- May 07, 2019

Citing a source close to an official commission which oversees the nuclear deal, IRIB reported that President Hassan Rouhani would announce that Iran would reduce some of its "minor and general" commitments under the deal on May 8 - exactly one year after U.S. (more...)
Trump says he'll raise tariffs on $200bn of Chinese goods Trump says he'll raise tariffs on $200bn of Chinese goods
- May 06, 2019

Commodities were roiled. Cotton and corn futures slumped, while soybean contracts headed toward their largest drop in about nine months. China is considering canceling a planned Washington trip this week by the country's top trade negotiator, the Wall Street Journal reported . (more...)
Discounts, freebies offered during National Nurses Week Discounts, freebies offered during National Nurses Week
- May 06, 2019

National Nurses Week kicks off Monday and businesses across the nation are showing their support for those men and women who are dedicated to keeping us healthy. - Uniform Advantage: Through May 14, nurses can take up to 50% off online. You can receive 10% off the purchase price of essential oils at Nature's Gift by providing a valid copy of your nursing license. (more...)
Markets tumble after Trump's 'tariffs' bombshell Markets tumble after Trump's 'tariffs' bombshell
- May 06, 2019

The discussions remain focused toward making substantial progress on important structural issues and rebalancing the U.S. He said the 10 per cent would go up to 25 per cent on Friday. Trade Representative's Office declined to comment. And should American businesses report violations of the agreement, Washington could begin a series of consultations with their Chinese counterparts, and then unilaterally impose new tariffs if no resolution is achieved, according to U.S. (more...)
Trump Announces New Tariffs On China And They're YUGE
- May 06, 2019

He tweeted his frustration over how slowly the negotiations were progressing, writing: "The Trade Deal with China continues, but too slowly, as they attempt to renegotiate. The US president also threatened to impose tariffs on all Chinese trade with America, a move that could further destabilise relations between the two economic powers. (more...)
Sinclair to pay Disney $10.6 bn for Fox regional sports networks Sinclair to pay Disney $10.6 bn for Fox regional sports networks
- May 06, 2019

The Journal calls the purchase "a big win" for Sinclair , which failed to get government approval past year to buy Tribune Media's 42 television stations. There was a fear that Disney owning ESPN, ABC, and the Fox regional sports networks would give them too much power in the world of sports. According to Law 360, Sinclair Broadcast Group has indeed won the bidding for the 21 Fox RSNs being divested by Disney as part of the Mouse's acquisition of 21st Century Fox . (more...)
Trump threatens to increase tariffs on China Trump threatens to increase tariffs on China
- May 06, 2019

It now has imposed 10 percent tariffs on $200 billion in Chinese imports and 25 percent tariffs on another $50 billion. Trump imposed duties of 25 percent on an initial $50 billion of Chinese goods a year ago and then 10 percent on an additional $200 billion in products in September. (more...)
USA jobless rate at its lowest since 1969 USA jobless rate at its lowest since 1969
- May 06, 2019

It has also effectively put to bed any concerns about a recession or the need to cut interest rates, an idea that had been floated about following an temporary inversion of the Treasury's yield curve last month. The report was supportive of the Federal Reserve's decision earlier this week to keep interest rates unchanged and signaled unanticipated adjustments in monetary policy. (more...)
What's happening at Berkshire Hathaway's annual meeting 2019 What's happening at Berkshire Hathaway's annual meeting 2019
- May 05, 2019

The businessman also noted the extended stay will promote growth in the town. "I'm a card-carrying capitalist", Buffett said. "I don't mind not having caught Amazon ( AMZN ) early", Munger said at Berkshire Hathaway's (BRK-A , BRK-B ) annual shareholders meeting . (more...)
HSBC first-quarter profit jumps as costs drop HSBC first-quarter profit jumps as costs drop
- May 05, 2019

The London-based behemoth also said that it had reduced reported operating expenses by 12 percent as group chief executive officer John Flint embarks on a planned overhaul aimed at growing the bank while keeping a lid on costs. The lender reshuffled its global banking division on Tuesday as former JPMorgan banker Greg Guyett put his stamp on the business, which has been under pressure in recent years. (more...)