Markets


Thousands of Amazon workers strike on Prime Day Thousands of Amazon workers strike on Prime Day
- July 16, 2019

Analysts said the strike might also be a warning sign Amazon's move to increase to increase its minimum wage to $15 per hour is insufficient to satisfy workers' needs. Prime protests in the US against AMS Activists in the United States are protesting how the Department of Homeland Security databases, which allow USA authorities to track down immigrants, is hosted by Amazon Web Services (AWS), reports Newsweek . (more...)
Install Amazon Assistant and get £10/US$10 to spend on Prime Day Install Amazon Assistant and get £10/US$10 to spend on Prime Day
- July 16, 2019

According to an August 2018 survey from A.T. Kearney , 40% of US Amazon Prime Day buyers bought from other retailers on Prime Day, while 25% browsed other sites for competitive offers without making a purchase. Here's how long you have to take advantage of all that Amazon Prime Day 2019 has to offer. It's also important to continue to respond to incoming questions and ensure you have the resources available to respond quickly knowing there will be a large influx of shoppers during these ... (more...)
China's Q2 GDP slowing slowly China's Q2 GDP slowing slowly
- July 15, 2019

In the three months to June, the economy grew 6.2% from a year earlier. Analysts polled by Reuters had forecast gross domestic product (GDP) in the April-June quarter rose 6.2%. China's real state developers constructed buildings of 7.72 billion square meters in floor area during the same period, an increase of 8.8 percent year on year. (more...)
Huawei will reportedly lay off hundreds of United States workers Huawei will reportedly lay off hundreds of United States workers
- July 15, 2019

A Huawei spokesman mentioned "the Entity record restrictions must be eliminated altogether, reasonably than have short-term licenses utilized for USA distributors". The US semiconductor industry has been lobbying for broader relief, arguing that US security goals should be advanced in a way that does not undermine the ability to compete globally and retain technological leadership. (more...)
Microsoft Teams is now officially bigger than Slack Microsoft Teams is now officially bigger than Slack
- July 14, 2019

Slack , on the other hand, has a net score of 28%, which represents a drop of 26% on three months ago, and a worrying decline of 45% compared to the second half of past year. Now, Microsoft Teams has priority notifications, which customers can use for especially important messages. These features will roll out this month. Microsoft has released an "Announcement" capability in Teams that lets end users highlight things like new projects or new team members. (more...)
Thomas Cook set for £750mln bail-out from Chinese backer Fosun Thomas Cook set for £750mln bail-out from Chinese backer Fosun
- July 14, 2019

Thomas Cook's Chief Executive, Peter Fankhauser released a statement about the deal saying: "This comes at a cost, with a significant dilution for existing shareholders, many of whom have held the stock and supported the business for many years". (more...)
Huawei calls on US to lift export restrictions Huawei calls on US to lift export restrictions
- July 13, 2019

Details: Liang said on Friday at a press conference in Shenzhen that the Hongmeng OS was developed for the internet of things (IoT) devices instead of smartphones, and the company hasn't made a decision to abandon Android. Like Trump and other high-level US officials, Ross did not specify a time frame or elaborate on what constitutes a national security threat. Huawei, the No. (more...)
Further oil production restriction on the way Further oil production restriction on the way
- July 13, 2019

With global economic growth expected to remain at 3.2 per cent in 2020, world oil demand in 2020 is forecast to grow by 1.14 million barrels per day (mb/d) y-o-y, a media report said, citing the Opec Monthly Oil Market Report (MOMR). At current OPEC output levels of 30 million bpd, the IEA predicted that global oil stocks could rise by 136 million barrels by the end of the first quarter of 2020. (more...)
United Kingdom financial system resilient to disorderly Brexit: BoE United Kingdom financial system resilient to disorderly Brexit: BoE
- July 13, 2019

Since the BoE's last Financial Stability Report in 2018, Brexit has been delayed from March 29 to October 31. "UK needs to ensure it remains attractive and open to worldwide investment". The suspension was renewed indefinitely this month. Mark Carney, the governor of the Bank of England, warned on Thursday that Facebook and its partners in the Libra Association must be meticulous from the very start of their cryptoasset project. (more...)
Boeing 737 MAX to remain off United Airlines' schedule until November 3
- July 13, 2019

Eric Lindblad has been in the job less than a year, taking over as Boeing struggled with shortages of engines and fuselages from suppliers. United said Friday that it is dropping its 14 Max jets from the schedule until November 3 - a month longer than previously planned. (more...)
China imports from US plunge 31% in June amid tariff war China imports from US plunge 31% in June amid tariff war
- July 13, 2019

It didn't help that U.S. Federal Reserve Chairman Jerome Powell hinted on Thursday about a potential rate cut. But data released on Thursday (July 11) by the US Department of Agriculture indicate that China actually slowed its purchases of American agriculture products following the G-20 meeting. (more...)
Fast Food Chains to Roll out French Fry Day Deals Fast Food Chains to Roll out French Fry Day Deals
- July 13, 2019

Burger King shares a large fry for only $1 when you order on the BK app. Sonny's BBQ: All day on July 13, get all-you-can-eat Crinkle Cut Fries. Set up Apple Pay on your iPhone if you haven't already. RedRobin: Enjoy bottomless steak fries when you order any $6.99 all-day burger option. (more...)
Oil prices rise amid Gulf of Mexico storm, West Asia tensions Oil prices rise amid Gulf of Mexico storm, West Asia tensions
- July 13, 2019

Major producers from BP Plc to Chevron Corp. have evacuated crews from offshore installations and nearly one-third of Gulf crude output has been halted. Gulf of Mexico operators have shut 602,715 barrels a day of oil production ahead of the storm, the Bureau of Safety and Environmental Enforcement said in a notice. (more...)
Facebook fined $5 billion over privacy violations Facebook fined $5 billion over privacy violations
- July 13, 2019

The settlement includes "government restrictions on how Facebook treats user privacy ", Reuters and the Wall Street Journal reported citing sources familiar with the matter, without specifying what those restrictions might be. Facebook is facing a record penalty of about $5 billion from the Federal Trade Commission - but for the tech giant, that's only about as much as the revenue it generates in a month. (more...)
Charming Charlie to close all remaining USA stores
- July 13, 2019

The company has stores in 38 states, including Alabama, where it has locations in Huntsville, Birmingham and Mobile. The Market Common Charming Charlie is one of more than 250 locations closing after the company filed for bankruptcy, according to news reports . (more...)
Woman ordered ‘Moana' cake, but baker heard ‘marijuana' Woman ordered ‘Moana' cake, but baker heard ‘marijuana'
- July 13, 2019

Davis' mom says workers were apologetic and offered to make another cake. "Well needless to say these people thought she said marijuana". It's a summer Friday and you've already read everything you need to read about the Russell Westbrook trade , so I'm kicking things off with a non-sports story that will be more amusing than anything else you read today. (more...)
Starbuck's New Tie-Dye Frappucino, Not Worth The Effort Or Money Starbuck's New Tie-Dye Frappucino, Not Worth The Effort Or Money
- July 13, 2019

Starbucks announced Wednesday that it is launching a new Tie-Dye Frappuccino blended beverage - a flawless accessory for summer, the company says. Novelty drinks like the Tie-Dye Frappuccino help Starbucks get consumers to come to stores, something the company has struggled with in the past. (more...)
Deutsche Bank Cuts 18,000 Staff, Including Aussie Workers Deutsche Bank Cuts 18,000 Staff, Including Aussie Workers
- July 13, 2019

For years, Deutsche Bank has struggled with regulatory penalties and fines, weak profits, high costs and a falling share price. '"I'm trying to get my head straight", says one person who has been told his pass will stop working in a few hours'. (more...)
Donald Trump says Bitcoin is for criminals Donald Trump says Bitcoin is for criminals
- July 13, 2019

But Trump said that Libra has " little standing or dependability ". According to the POTUS, Facebook has to seek a new Banking Charter, becoming subject to all national and global banking regulations in order to provide financial services. (more...)
David Trimble reveals daughter is in same-sex-marriage David Trimble reveals daughter is in same-sex-marriage
- July 13, 2019

Critics are outraged, as the vote not only means innocent lives will be lost, but also serves as a glaring reminder the people of Northern Ireland are being stripped of their rights to make their own laws. "This cruel and devastating abortion agenda is not supported by the people of Northern Ireland, and what is certain is that we will now see an enormous level of resistance to such a horrendous agenda". (more...)