Markets


Canalys trims 2019 global smartphone shipment forecast by more than 3% Canalys trims 2019 global smartphone shipment forecast by more than 3%
- June 05, 2019

They report that Foxconn in Taiwan has stopped some of its production lines for Huawei smartphones. The Chinese company has also registered the nickname of Ark OS (Huawei OS "Hongmeng" could be known as "ARK OS" globally). Right now, many U.S. companies are feeling the pain from this ban, but Huawei is going to feel it long-term. Since Samsung and Apple's biggest market is the US. (more...)
Google, Facebook, Apple, Amazon face U.S. anti-trust probe Google, Facebook, Apple, Amazon face U.S. anti-trust probe
- June 05, 2019

Shares of the top tech giants fell sharply on Monday after reports that US antitrust regulators had divided up oversight of the sector, with the Department of Justice assuming responsibility for Alphabet and Apple and the Federal Trade Commission taking on Facebook and Amazon . (more...)
The Queen will personally inspect every detail of Trump's lavish state banquet The Queen will personally inspect every detail of Trump's lavish state banquet
- June 05, 2019

LONDON -President Donald Trump is being treated to a meal of lamb at a banquet in his honor at Buckingham Palace . But the visit has not been without any incident as British police had to intervene when supporters of visitor took on a critic of the American leader. (more...)
Trump turns from pomp to business in United Kingdom visit Trump turns from pomp to business in United Kingdom visit
- June 05, 2019

Let's do this deal". Organisers estimated 75,000 people hit the streets - fewer than those at the anti-Trump rally in 2018, which organisers said drew more than 100,000. Some of Britain's largest-ever demonstrations against a foreign leader were also taking place on Tuesday. The focus switches to business and politics on Tuesday. (more...)
US to investigate if Google violated US anti-trust act US to investigate if Google violated US anti-trust act
- June 04, 2019

The DoJ's antitrust division has spent several weeks "laying the groundwork for the probe", which would focus on Google's business practices related to its search and other businesses, The Wall Street Journal reported , citing people familiar with the matter. (more...)
Elon Musk gets Cuphead up-and-running in Teslas Elon Musk gets Cuphead up-and-running in Teslas
- June 04, 2019

Released in 2017, Cuphead is a notoriously hard game with a lovely, hand-drawn visual style. Cuphead on a Tesla doesn't come as a complete surprise, as Musk put out the call for car-based game development about 10 months ago. It should go without saying that Cuphead isn't meant to be played while you're driving, even with automation, and you'll need a USB controller to enjoy it. (more...)
Trump doubles down on Mexico threats ahead of tariff talks Trump doubles down on Mexico threats ahead of tariff talks
- June 04, 2019

The White House official told top GOP aides that the president is serious about the 5 percent tariffs on Mexico, according to one aide in the room who spoke on the condition of anonymity to describe the meeting. That threatens major economic damage to Mexico, which sends about 80 per cent of its exports to the United States. Under Trump's plan, U.S. tariffs could rise as high as 25 percent this year. (more...)
China's Defense Minister Promises to Defend the South China Sea China's Defense Minister Promises to Defend the South China Sea
- June 03, 2019

Wei said that China could "find no justifiable reasons" for the U.S.to get involved with Taiwan through its domestic law. While the forum is purely on security, the discussions are also being held against a backdrop of Chinese-US trade tensions and high tech rivalry. (more...)
Mega Millions Winning Numbers: Saturday, 1 June 2019 Mega Millions Winning Numbers: Saturday, 1 June 2019
- June 03, 2019

Mega Millions jackpots start out at $40 million and roll over if there is no jackpot victor. The lucky victor has 180 days to claim the prize. 8 p.m. A stack of $100 bills totaling $344.6 million would be taller than the 1,063-foot Eiffel Tower in Paris, the Powerball website says. It is worth noting that the most commonly drawn winning numbers per the Mega Millions results since 1996, remain the same, and are: 31, 2, 17, 4, 10 and 39 - with 29 bubbling under. (more...)
Google outage affects YouTube, Google Cloud and G Suite Google outage affects YouTube, Google Cloud and G Suite
- June 03, 2019

EST., later returning with an update that the problem was "related to a larger network issue ". Snapchat and YouTube, as well as Gmail , G Suite, Discord, and other services, are down in some eastern regions of the US and Europe. In a statement to CNET , Google acknowledged the outage and blamed the issue on network congestion. Update 3:06pm PT: Google updated its status page again: "Our engineering teams have completed the first phase of their mitigation work and are now ... (more...)
Weekly oil prices down sharply amid trade concerns Weekly oil prices down sharply amid trade concerns
- June 02, 2019

June heating oil HOM19, -2 .77% shed 3.9 cents, or 2%, to $1.876 a gallon, looking at a loss of 4.8% for the week and down almost 10% for the month. "Traders have been told that the goal was to get Iranian oil exports to zero", said Phil Flynn, senior market analyst at Price Futures Group. (more...)
Cheaper, Shanghai-Built Tesla Model 3 Now Available to Order in China Cheaper, Shanghai-Built Tesla Model 3 Now Available to Order in China
- June 02, 2019

Entry-level models in China will have a rated range of 460 km (286 miles). Customers can expect to receive the auto in 6-10 months, the company said in a press release. While it was expected that the made-in-China version of the Standard Range Plus (SRP) vehicle would be cheaper than its United States version, it had been unclear by how much. (more...)
Donald Trump ENDS India's special trade treatment amid tariff dispute Donald Trump ENDS India's special trade treatment amid tariff dispute
- June 01, 2019

In a press statement, Commerce Ministry today said that these are unilateral, non-reciprocal and non-discriminatory benefits extended by some developed countries to developing countries. On Friday, a senior State Department official told a group of reporters in Washington , which included The Hindu , that the US would also bring sanctions under the Countering America's Adversaries Through Sanctions Act, CAATSA, against India, if it goes ahead with its purchase of the S-400 Triumf missile ... (more...)
Energy Dept. Praises 'Freedom Gas,' 'Molecules Of US Freedom' Energy Dept. Praises 'Freedom Gas,' 'Molecules Of US Freedom'
- June 01, 2019

Regardless of whether you call it LNG or freedom gas , US LNG is taking the world by storm, with the US FERC approving in April two LNG projects including the Tellurian's Driftwood LNG terminal and pipeline in Louisiana, and Sempra Energy's Port Arthur LNG facility in Texas. (more...)
Minimum Wage To Increase $21.60 A Week about 19 hours ago Minimum Wage To Increase $21.60 A Week about 19 hours ago
- June 01, 2019

The decision, announced this morning, will see the minimum wage rise to $740.80 a week or $19.49 an hour. Those in administrative and retail roles also benefitted, with 110,000 people in such roles lifted out of low pay. Workers on the minimum wage and award minimums will receive a 3% pay increase - $21.60 a week for the lowest paid - the Fair Work Commission has ruled. (more...)
Uber posts 1 bln Dollars loss for first quarter of 2019 Uber posts 1 bln Dollars loss for first quarter of 2019
- June 01, 2019

Uber shares have fallen by nearly 11 percent since its listing on May 10, which was one of the biggest IPOs of the year, but rose by nearly 3 percent after the executives' call with analysts to discuss future growth plans. After a rocky debut, Uber executives are looking to reassure investors about the company's strategy to achieve profitability as it released its first-ever earnings report as a public company on Thursday. (more...)
Crude Oil Prices Edging Higher Towards Key Resistance Levels Crude Oil Prices Edging Higher Towards Key Resistance Levels
- June 01, 2019

The U.S. Energy Information Administration (EIA) said U.S. crude stocks fell by around 300,000 barrels last week, to 476.49 million barrels. Brent crude futures, the worldwide benchmark for oil prices, were at $68.86 per barrel at 1044 GMT, down $0.59, or 0.9%, from their last close. (more...)
Trump's threat of Mexico trade war sends markets lower Trump's threat of Mexico trade war sends markets lower
- June 01, 2019

That prompted retaliatory tariffs from China and threats over other key resources. China on Saturday increased tariffs on billions worth of United States goods as it prepares to unveil a blacklist of "unreliable" foreign companies that analysts say aims to punish U.S. (more...)
Family Dollar Stores To Begin Selling Alcohol Family Dollar Stores To Begin Selling Alcohol
- May 31, 2019

While net sales are up by 4.6 percent from the prior year's first quarter, Dollar Tree says it plans to close almost 400 underperforming stores. Dollar Tree results also got a boost from a turnaround at its struggling Family Dollar brand. (more...)
Amazon interested in buying Boost from T-Mobile, Sprint Amazon interested in buying Boost from T-Mobile, Sprint
- May 31, 2019

Amazon declined to comment on the Reuters report , which noted that "it was not immediately clear why the us online retail giant and cloud services provider would want the wireless network and spectrum". It is now one of the Big Four technology companies along with Alphabet Inc, Apple Inc and Facebook Inc, and is a leading cloud services provider. If okayed by the U.S. (more...)

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