Markets


Trump Says Huawei Could Be Part of Trade Deal With China Trump Says Huawei Could Be Part of Trade Deal With China
- May 25, 2019

Negotiations over how to cut the huge, longstanding USA trade deficit with China and resolve complaints over Beijing's methods for acquiring advanced foreign technologies foundered earlier this month after Trump raised tariffs on billions of dollars of imports from China. (more...)
Google faces first GDPR investigation in Europe Google faces first GDPR investigation in Europe
- May 25, 2019

It said the enquiry would establish whether processing of personal data carried out at each stage of an advertising transaction was in compliance with the landmark European GDPR privacy law introduced a year ago. Some speakers viewed the law's entrenchment in the healthcare system as a positive. While this statement dances around how exactly Google is handling user data, it's good to see the tech giant willing to comply with investigations. (more...)
Oil Prices: Will the Risk Premium Evaporate? Oil Prices: Will the Risk Premium Evaporate?
- May 25, 2019

Futures in NY fell as much as 1 per cent after tumbling 2.7 per cent on Wednesday, the biggest drop in nearly three weeks. Brent crude futures, the global benchmark for oil prices, were at $69.77 per barrel at 1016 GMT, down $1.22 from their last close. (more...)
Huawei US ban metastasizes to ARM - where next? Huawei US ban metastasizes to ARM - where next?
- May 24, 2019

But there are few takers . Huawei's recently launched smartphones and commercial servers all use ARM architecture. Huawei's placement on the U.S. With Intel and AMD also affected by the USA ban, that means Huawei can't even use x86 architecture chips for their laptops or smartphones . In essence, in Asia the situation is likely to degenerate for Huawei and to reach an agreement with the U.S. (more...)
Pounds of Beef Recalled Nationwide for E. coli Contamination Pounds of Beef Recalled Nationwide for E. coli Contamination
- May 24, 2019

If you're planning on firing up the grill this Memorial Day weekend , you may want to double check your meat products before you get a very un-festive surprise. The FSIS implored anyone with these beef products to throw them away or return them. These recalls are considered a high health risk - a "situation where there is a reasonable probability that the use of the product will cause serious, adverse health consequences or death". (more...)
RBA Boss Confirms Easing Bias Ahead Of June Meeting RBA Boss Confirms Easing Bias Ahead Of June Meeting
- May 24, 2019

The RBA this month held the cash rate at its record low 1.5 per cent but minutes of the May meeting released on Tuesday show board members explicitly acknowledged the likelihood of a cut if unemployment did not fall. If the RBA pushes through with the cut, it would be the first interest-rate movement since September 2016. Royal Bank of Canada macro rates strategist Robert Thompson pointed out that Tuesday's proposal by APRA to remove the hard 7.0 per cent floor rate mortgage lenders use in ... (more...)
Footing the bill: Nike and Adidas demand end to 'catastrophic' trade war Footing the bill: Nike and Adidas demand end to 'catastrophic' trade war
- May 23, 2019

No discussions have been scheduled since the last round of talks ended on 10 May. The VIX volatility index spiked 12%, while the CNN Business Fear & Greed Index dropped further into "fear" territory. Also on rt.com "Stupid economics": Attack on Huawei tells world to avoid doing business with US - Prof. "If you put your information in the hands of the Chinese communist party, it's de facto a real risk to you. (more...)
Huawei’s Android Alternative OS Will Arrive This Fall, Says CEO Huawei’s Android Alternative OS Will Arrive This Fall, Says CEO
- May 22, 2019

This includes technical support for Android and other Google applications and services. On Tuesday, the United States temporarily eased the trade restrictions on Huawei , allowing the firm to continue buying U.S. Meanwhile, CEO and founder Ren Zhengfei brushed off comments about Huawei's finances will be undermined as a result of the US blacklist. Music Magpie notes that the trade-ins were at their biggest around 1 PM BST, at which point Huawei devices were being traded into the ... (more...)
Chevy is bringing back the seat belt interlock, this time for teens Chevy is bringing back the seat belt interlock, this time for teens
- May 22, 2019

This new mode modifies other driver settings, like limiting the maximum speed to 85 miles per hour and popping up a speed warning if the young driver goes faster than 40 to 75 miles per hour. Based on Chevy research, more than 70 percent of drivers try to shift the vehicle to drive within 20 seconds of getting in to the auto, so the safety team wanted seat belts on within that initial time period. (more...)
Huawei founder: USA blacklist will have no effect on sales numbers
- May 22, 2019

The brewing trade war between the United States and China has resulted in Google revoking Huawei's Android license and barring it from using popular Google services such as the Play Store and Google apps. "A total ban on Huawei equipment could eliminate tens of thousands of American jobs". But Huawei has no plans to change its management or accept supervision from the USA, according to Ren. (more...)
ARM Cuts Off Huawei in Devastating Move
- May 22, 2019

Documents seen by Yahoo Finance UK show Huawei is set to publish detailed construction plans and seek planning consent this month for the new research and development facility in the "Silicon Fen" tech cluster around Cambridge. "ARM is complying with all the laws and regulations set forth by the USA government", a spokesman for the company said Wednesday. Major British-based chip designer ARM is suspending business with China's Huawei to comply with U.S. (more...)
EE will launch the UK's first 5G network on May 30
- May 22, 2019

The first devices EE will offer on its 5G plans include the OnePlus 7 Pro , the Samsung Galaxy S10 , the Oppo Reno 5G, the LG V50 ThinQ, a 5G home router and an HTC Wi-Fi device. EE expects customers to experience an increase in speeds of around 100-150Mbps even in the busiest areas with some users even getting the chance to break the one gigabit-per-second milestone on their 5G smartphones - the fastest speed possible when EE launched 4G in 2012 was just 50Mbps. (more...)
Tesla Reduces Prices On Model S and X Amid Stock Slump Tesla Reduces Prices On Model S and X Amid Stock Slump
- May 22, 2019

Tesla wouldn't say if slowing sales influenced its decision, but it said it periodically adjusts prices and available options, according to the Associated Press. The Model S sedan was reduced by $3,000, while the Model X SUV received a $2,000 cut. With the price cuts, the Model S now starts at $71,250 while the X starts at $71,950. (more...)
Ryanair profit hits four-year low as 'fare wars' bite Ryanair profit hits four-year low as 'fare wars' bite
- May 22, 2019

Ryanair had wanted to use the fuel-efficient planes to cut costs. Ryanair said that revenues rose 6 per cent to £6.6 billion, as it made more money from add-ons such as reserved seating and priority boarding. Profit after tax dropped 29 percent to 1.02 billion euros ($1.14 billion) in the year ending March 31 compared with a year earlier, also on higher fuel and staff costs, the Dublin-based carrier said in an earnings statement. (more...)
Self-driving trucks will carry mail in USA for the first time Self-driving trucks will carry mail in USA for the first time
- May 22, 2019

The thousand-mile route they've been assigned will take about 22 hours to complete. The company will swap out its drivers at stopping points to comply with hours-of-service limits. The trucks will obey all posted speed limits but will not travel significantly below those speeds, he said. After the pilot, the Postal Service will evaluate and determine whether it wants to expand its partnership with TuSimple. (more...)
Japan Q1 GDP grows 2.1 percent annualized: government Japan Q1 GDP grows 2.1 percent annualized: government
- May 22, 2019

Japan's economy grew at an annual pace of 2.1 percent in the first quarter, marking the second straight quarter of expansion, according to government data released Monday. "The economy has already peaked out, so we are likely to have a mild recession". Some policymakers have called for a delay to the sales tax increase from 8% to 10% given a backdrop of uncertain domestic and global economic conditions. (more...)
Huawei gets limited 90-day Android reprieve Huawei gets limited 90-day Android reprieve
- May 22, 2019

China is "closely watching" the issue and supports Chinese firms to protect their own interests by law, the Ministry of Foreign Affairs spokesman said yesterday. The move is a blow to the Chinese technology company that the US Government has sought to blacklist around the world. Consumers that already own Huawei devices can keep accessing Google's services and app store, but any Huawei phones sold after Trump's ban won't have these important features, according to Google. (more...)
United States eases some restrictions on China's Huawei to keep networks operating United States eases some restrictions on China's Huawei to keep networks operating
- May 22, 2019

In the Commerce Department's announcement, Secretary of Commerce Wilbur Ross said , "In short, this license will allow operations to continue for existing Huawei mobile phone users and rural broadband networks". "This will prevent American technology from being used by foreign-owned entities in ways that potentially undermine USA national security or foreign policy interests". (more...)
Trump in Damage Control Mode, US Eases Ban on Huawei Trump in Damage Control Mode, US Eases Ban on Huawei
- May 22, 2019

However, the US Commerce Department has issued a temporary license for Huawei to work with businesses in the US , allowing Huawei to resume its partnership with Google . Despite that, Huawei's sales elsewhere have grown rapidly. What the USA government chooses to do is beyond Huawei's control, he added, and the most important thing at the moment is to keep Huawei's own operations running smoothly. (more...)
Popular Budget Clothing Store Closing All 650 Locations Popular Budget Clothing Store Closing All 650 Locations
- May 21, 2019

The closures could be a blow for some malls across the country where vacancy rates have shot up in recent years, following the shuttering of anchor stores, including Sears, Kmart , and J.C. Ascena, which also owns Ann Taylor and Lane Bryant , says it wants to focus on its more profitable brands. Including Dressbarn, more than 7,000 store closings have been announced so far this year - more than in all of 2018, USA Today reported . (more...)