Markets


IPhone sales continue to struggle... but Apple might not be too anxious IPhone sales continue to struggle... but Apple might not be too anxious
- August 02, 2019

Apple also surpassed 420 million paid subscriptions to services across its platform and the company was on track to double our fiscal year '16 services revenue in 2020. Still, Apple has managed to offset these slumping iPhone sales elsewhere; iPad sales increased fro $4.63bn to $5.02bn, Mac sales rose from $5.26bn from $5.82bn and Apple's Wearables, Home and Accessories business raked in $5.53bn, up from $3.73bn in the year-ago quarter, largely driven by AirPod sales. (more...)
FDA Approves For Selling Fake Meat In Grocery Stores FDA Approves For Selling Fake Meat In Grocery Stores
- August 01, 2019

But that still wasn't enough. The company has already seen exponential growth and is quickly gaining market share in the global plant-based protein market, which is expected to reach $5 billion by 2020 . As a result, the company says it chose to go through this process as well "to ensure maximum flexibility as its products and business continue to evolve". (more...)
USA to slap 10% tariff on $300 bn more in Chinese goods USA to slap 10% tariff on $300 bn more in Chinese goods
- August 01, 2019

China retaliated with tariffs on $110 billion in American goods, including agricultural products, in a direct shot at Trump supporters in the USA farm belt. President Donald Trump said Thursday he would expand tariffs to virtually all imports from China on September 1 . According to a White House statement issued Wednesday, the conversations were "constructive" and China reportedly has renewed its vow to increase purchases of USA agricultural exports. (more...)
USA stocks close lower amid Fed's rate cut decision USA stocks close lower amid Fed's rate cut decision
- August 01, 2019

The S&P 500 index dropped 32.80 points, or 1.1%, to 2,980.38. The Nasdaq Composite Index was down 98.19 points, or 1.19 percent, to 8,175.42. Apple reported Tuesday evening earnings per share and revenue for the previous quarter that topped analyst expectations, sending the stock up 2% on Wednesday. (more...)
Will Facebook Not Launch Libra? Will Facebook Not Launch Libra?
- August 01, 2019

In a filing presented to the U.S. The report was submitted to the SEC's approval. The whitepaper for Tardecoin was released in 2018 as a part of the Open Science publication from the Royal Society, authored by all three fellows of MIT. (more...)
Impact Burger King is rolling out the Impossible Whopper nationwide Impact Burger King is rolling out the Impossible Whopper nationwide
- August 01, 2019

However, the new Impossible Whopper - which will be available to order at Burger King restaurants and online via DoorDash and the BK app - is now being advertised as a "limited-time offering" while supplies last. Along with Thursday's announcement, Burger King staged a publicity stunt in NYC, during which they attempted to fool New Yorkers into thinking they were about to dine at an "Impossible Restaurant". (more...)
Grab Plans To Invest US$2B Across Multiple Products In Indonesia Grab Plans To Invest US$2B Across Multiple Products In Indonesia
- August 01, 2019

The company said it had invested more than US$1 billion in Indonesia since 2017 and, with the new investment, aimed to help double the number of local micro-entrepreneurs to 10 million in five years. The facility will house Grab's research and development centre and act as a dual headquarters for GrabFood, the food delivery business of the company. (more...)
Microsoft is killing Skype for Business Online in 2021 Microsoft is killing Skype for Business Online in 2021
- August 01, 2019

Existing Skype for Business Online users, though, will continue to have unrestricted access to the service through the retirement date. It was the first disclosure of daily usage metrics for the Teams app, which includes group chats, instant messaging and video/audio meeting, along with integration of Microsoft and third-party applications. (more...)
US, China to hold more trade talks after 'constructive' meeting US, China to hold more trade talks after 'constructive' meeting
- August 01, 2019

This has undoubtedly convinced the outside world that starting from Shanghai , despite the twists and turns of the future consultations, as long as the two sides insist on resolving specific issues on the basis of equality and mutual respect and are more pragmatic and rational, the Sino-U.S. (more...)
Samsung Q2 Profits Drop 56% Amidst Declining Smartphone Sales, Lower DRAM Prices Samsung Q2 Profits Drop 56% Amidst Declining Smartphone Sales, Lower DRAM Prices
- August 01, 2019

The slow performance is mostly due to weakening market conditions and poor performance of its memory chips and smartphones. During a conference call, officials said the company is facing the burden of the new approvals process due to Japan's export curbs, but what concerns Samsung more is Japan's expected decision to exclude South Korea from the whitelist of trusted export countries Friday. (more...)
Southwest Airlines Flight Attendant Climbs Into Overhead Compartment for Laughs Southwest Airlines Flight Attendant Climbs Into Overhead Compartment for Laughs
- August 01, 2019

The passenger tweeted and tagged the airline: "Is this a dream". Passenger Veronica Lloyd, who was flying from Philadelphia to Nashville , is the one who captured this freakish incident, reports Independent . She also shared a video of the odd encounter. @ SouthwestAir please get it together'. In a statement, Southwest confirmed that the wacky and whimsical behavior was simply the flight attendant taking part in employee culture. (more...)
Consumers now can file restitution claims in Equifax breach Consumers now can file restitution claims in Equifax breach
- August 01, 2019

Those who had losses as a result of the breach could receive up to $20,000. Fortunately, an online tool provided by Equifax has provided an easy means to accomplish this. There will also be at least seven years of free identity theft restoration services and, from 2020, all U.S. consumers get an additional six free credit reports from the Equifax website (assuming anyone ever wants to risk using Equifax again). (more...)
Oil prices boosted by expectations of Fed rate cut Oil prices boosted by expectations of Fed rate cut
- August 01, 2019

Looking at this chart , you can also see that we have broken out of a short-term range of $2.50, so I think at this point it's very likely that the market could make a move towards the $60.00 level as it would be a measured move higher. At 436.5 million barrels, USA crude inventories, not including strategic oil reserves, were at the five year average for this time of year, the EIA said. (more...)
FTC warns Equifax customers not to file settlement claims on fake websites FTC warns Equifax customers not to file settlement claims on fake websites
- August 01, 2019

All impacted consumers would be eligible to receive at least 10 years of free credit-monitoring, at least seven years of free identity-restoration services and, starting December 31 and extending seven years, all USA consumers may request up to six free copies of their Equifax credit report during any 12-month period. (more...)