Markets
USA tariffs on laptops and phones pushed out until December
- August 17, 2019
Both developments drew cautious relief from retailers and technology groups as the world's two largest economies enter the second year of their trade dispute. And it's removing other items from the list based "on health, safety, national security and other factors". Also Bibles and other religious literature. (more...)
- August 17, 2019
Both developments drew cautious relief from retailers and technology groups as the world's two largest economies enter the second year of their trade dispute. And it's removing other items from the list based "on health, safety, national security and other factors". Also Bibles and other religious literature. (more...)
Remainers need unity if they are to defeat Boris Johnson over Brexit
- August 17, 2019
Clearly with him in mind, Hammond said there were people "who are pulling the strings in Downing Street, those who are setting the strategy". Leader Anna Soubry said Mr Corbyn "is not the person given he struggles to maintain the confidence of his own backbenchers". (more...)
- August 17, 2019
Clearly with him in mind, Hammond said there were people "who are pulling the strings in Downing Street, those who are setting the strategy". Leader Anna Soubry said Mr Corbyn "is not the person given he struggles to maintain the confidence of his own backbenchers". (more...)
Alibaba Beats Forecasts With Stronger Revenue, Sends Shares Up 3%
- August 17, 2019
So says Alibaba Group , the Chinese e-commerce giant, which on Thursday reported strong financial results for the three months that ended in June, despite China's slowing economic growth and a trade war with the United States that has hit the country's factories. (more...)
- August 17, 2019
So says Alibaba Group , the Chinese e-commerce giant, which on Thursday reported strong financial results for the three months that ended in June, despite China's slowing economic growth and a trade war with the United States that has hit the country's factories. (more...)
Oil Drops 3% on Weak Global Economic Data, US Crude Stocks Build
- August 17, 2019
The weekly report published by the US Energy Information Administration showed that commercial crude oil inventories in the US increased by 1.6 million barrels in the week ending August 9 compared to market expectation for a decline of 2.8 million barrels. (more...)
- August 17, 2019
The weekly report published by the US Energy Information Administration showed that commercial crude oil inventories in the US increased by 1.6 million barrels in the week ending August 9 compared to market expectation for a decline of 2.8 million barrels. (more...)
Domestic passenger cars sales plunge 36% in July
- August 17, 2019
The SIAM data also revealed that commercial vehicle sales fell by 25.7 percent to 56,866 units in the same quarter. The previous biggest decline across overall domestic automobile sales was recorded in December 2000, when it fell 21.81 per cent. (more...)
- August 17, 2019
The SIAM data also revealed that commercial vehicle sales fell by 25.7 percent to 56,866 units in the same quarter. The previous biggest decline across overall domestic automobile sales was recorded in December 2000, when it fell 21.81 per cent. (more...)
Cathay Pacific CEO Resigns Amid Hong Kong Protests
- August 17, 2019
Once a dominant player in Asia's premium air travel market with few serious rivals, Cathay brought in Hogg in 2017 after the airline reported its first loss in eight years. "So we are fighting for the thing we were guaranteed". For most of that time, US President Donald Trump has taken a hands-off approach to the unrest but began speaking up this week, suggesting any potential trade deal with Beijing could be upended by a violent response from the mainland. (more...)
- August 17, 2019
Once a dominant player in Asia's premium air travel market with few serious rivals, Cathay brought in Hogg in 2017 after the airline reported its first loss in eight years. "So we are fighting for the thing we were guaranteed". For most of that time, US President Donald Trump has taken a hands-off approach to the unrest but began speaking up this week, suggesting any potential trade deal with Beijing could be upended by a violent response from the mainland. (more...)
U.S. stock indexes end mostly higher after volatile day
- August 17, 2019
The Dow Jones fell by more than 700 points on Wednesday as the bond market flashes a recession warning. Prices for everything from stocks to gold to oil have been heaving as investors flail from one moment of uncertainty around Trump's trade war to another around what central banks will do with interest rates. (more...)
- August 17, 2019
The Dow Jones fell by more than 700 points on Wednesday as the bond market flashes a recession warning. Prices for everything from stocks to gold to oil have been heaving as investors flail from one moment of uncertainty around Trump's trade war to another around what central banks will do with interest rates. (more...)
FDA proposes adding new health regulations to cigarette packages, ads
- August 17, 2019
What's more, more than 16 million Americans live with diseases caused by cigarette smoking. The graphic warnings will cover the top half of the front and back panels of cigarette packages and at least 20% of the top area of cigarette advertisements. (more...)
- August 17, 2019
What's more, more than 16 million Americans live with diseases caused by cigarette smoking. The graphic warnings will cover the top half of the front and back panels of cigarette packages and at least 20% of the top area of cigarette advertisements. (more...)
Bond Market Reflects Recession Worries
- August 16, 2019
Treasury yield curves have inverted before all the recessions in the last 50 years. In turn, this has caused a key metric - the US Treasury yield curve -to invert, sending shockwaves across the globe. Mark Haefele, chief investment officer at UBS Global Wealth Management, said how long the curve remained inverted, and to what extent, was crucial. (more...)
- August 16, 2019
Treasury yield curves have inverted before all the recessions in the last 50 years. In turn, this has caused a key metric - the US Treasury yield curve -to invert, sending shockwaves across the globe. Mark Haefele, chief investment officer at UBS Global Wealth Management, said how long the curve remained inverted, and to what extent, was crucial. (more...)
Chinese military personnel parade near Hong Kong border
- August 16, 2019
Chan, who was born in Hong Kong, broke his silence on the pro-democracy demonstrations and said he hoped the semi-autonomous territory "can return to peace soon", the UK's Express reported . There have been multiple reports of Chinese military concentration in areas near Hong Kong. Chinese magazines feature Chinese President Xi Jinping and US President Donald Trump on trade war at a roadside bookstand in Hong Kong on July 4, 2019. (more...)
- August 16, 2019
Chan, who was born in Hong Kong, broke his silence on the pro-democracy demonstrations and said he hoped the semi-autonomous territory "can return to peace soon", the UK's Express reported . There have been multiple reports of Chinese military concentration in areas near Hong Kong. Chinese magazines feature Chinese President Xi Jinping and US President Donald Trump on trade war at a roadside bookstand in Hong Kong on July 4, 2019. (more...)
Trump Slams Fed Chair Powell for ‘CRAZY INVERTED YIELD CURVE!’
- August 16, 2019
Most striking was the appearance of the " inverted yield curve , ' which refers to when short-term bonds give greater yields than long-term bonds". The yield curve has inverted prior to each of the past seven recessions. He called Powell "clueless" and said, " We should easily be reaping big rewards and gains, but the Fed is holding us back ". Argentina's stock market plunged by 50% earlier this week, the second biggest crash of any economy since 1950. (more...)
- August 16, 2019
Most striking was the appearance of the " inverted yield curve , ' which refers to when short-term bonds give greater yields than long-term bonds". The yield curve has inverted prior to each of the past seven recessions. He called Powell "clueless" and said, " We should easily be reaping big rewards and gains, but the Fed is holding us back ". Argentina's stock market plunged by 50% earlier this week, the second biggest crash of any economy since 1950. (more...)
Donald Trump eyes USA buying Greenland
- August 16, 2019
Danish officials have scoffed at a report suggesting United States President Donald Trump asked advisers if it is possible for the USA to buy Greenland. There has been no indication that a Greenland purchase will be on the agenda for Trump's talks with Danish officials. In 1979, Denmark granted Greenland home rule. (more...)
- August 16, 2019
Danish officials have scoffed at a report suggesting United States President Donald Trump asked advisers if it is possible for the USA to buy Greenland. There has been no indication that a Greenland purchase will be on the agenda for Trump's talks with Danish officials. In 1979, Denmark granted Greenland home rule. (more...)
Recalled MacBook Pros with Faulty Batteries Banned from Flights by FAA
- August 16, 2019
In a statement, the FAA said that it was "aware of the recalled batteries that are used in some Apple MacBook Pro laptops ", and reminded airlines to follow safety guidelines - issued in 2016 - surrounding consumer electronics with recalled batteries. (more...)
- August 16, 2019
In a statement, the FAA said that it was "aware of the recalled batteries that are used in some Apple MacBook Pro laptops ", and reminded airlines to follow safety guidelines - issued in 2016 - surrounding consumer electronics with recalled batteries. (more...)
Red flags at General Electric is 'more serious' than Enron — Madoff whistleblower
- August 16, 2019
The accounting expert Harry Markopolos said he and his team analyzed GE's accounting and found $38 billion in fraud, calling it "merely the tip of the iceberg". The company also disclosed to investors in July that it would have to had to record an additional loss of $7.4 billion if it had let its ownership stake fall below 50 percent, according to SEC filings. (more...)
- August 16, 2019
The accounting expert Harry Markopolos said he and his team analyzed GE's accounting and found $38 billion in fraud, calling it "merely the tip of the iceberg". The company also disclosed to investors in July that it would have to had to record an additional loss of $7.4 billion if it had let its ownership stake fall below 50 percent, according to SEC filings. (more...)
South Korea's Moon offers olive branch to Japan
- August 16, 2019
He did not criticize North Korea for its latest missile tests or verbal broadsides against South Korea . The North's statement blamed the South for the deadlock of the "historic Panmunjom declaration", adding: 'We have nothing to talk any more with the south Korean authorities nor have any idea to sit with them again'. (more...)
- August 16, 2019
He did not criticize North Korea for its latest missile tests or verbal broadsides against South Korea . The North's statement blamed the South for the deadlock of the "historic Panmunjom declaration", adding: 'We have nothing to talk any more with the south Korean authorities nor have any idea to sit with them again'. (more...)
Dow plunges 800 points and Asian stocks fall as recession fears grow
- August 16, 2019
As Yahoo Finance's Brian Cheung pointed out: "The yield curve inversion has a strong track record of predicting a recession; each of the last seven recessions (dating back to 1969) were preceded by the 10-year falling below the 2-year". (more...)
- August 16, 2019
As Yahoo Finance's Brian Cheung pointed out: "The yield curve inversion has a strong track record of predicting a recession; each of the last seven recessions (dating back to 1969) were preceded by the 10-year falling below the 2-year". (more...)
China threatens retaliation if USA tariff hikes go ahead
- August 16, 2019
The president also confirmed that a call was scheduled with Xi and it will happen soon, Sputnik reported. The move has roiled global markets and further unnerved investors as the trade dispute between the world's two largest economies stretches into its second year with no end in sight. (more...)
- August 16, 2019
The president also confirmed that a call was scheduled with Xi and it will happen soon, Sputnik reported. The move has roiled global markets and further unnerved investors as the trade dispute between the world's two largest economies stretches into its second year with no end in sight. (more...)
N.Korea fires projectiles, rejects S.Korea's dialogue pledge
- August 16, 2019
With the denuclearization talks stalled due to Washington's insistence that Pyongyang must first disarm itself of all its nukes before any sanctions can be relaxed, North Korea has ramped up its missile activity, accusing the allies of saber-rattling by holding military drills on its doorstep. (more...)
- August 16, 2019
With the denuclearization talks stalled due to Washington's insistence that Pyongyang must first disarm itself of all its nukes before any sanctions can be relaxed, North Korea has ramped up its missile activity, accusing the allies of saber-rattling by holding military drills on its doorstep. (more...)
Eurozone growth figures to be released as headwinds batter second largest economy
- August 16, 2019
The new figures will pile pressure on the government to ditch fiscal discipline and pursue measures created to stimulate the economy, such as running deficits. 'The survey gives a further clear warning signal of recession for the German economy, ' said Uwe Burkert, chief economist at LBBW Research. "With the escalating trade conflicts of the US, the ever more probable chaos (of) Brexit and the weaker world economy, the flawless storm has been brewing since the summer of a year ago", said ... (more...)
- August 16, 2019
The new figures will pile pressure on the government to ditch fiscal discipline and pursue measures created to stimulate the economy, such as running deficits. 'The survey gives a further clear warning signal of recession for the German economy, ' said Uwe Burkert, chief economist at LBBW Research. "With the escalating trade conflicts of the US, the ever more probable chaos (of) Brexit and the weaker world economy, the flawless storm has been brewing since the summer of a year ago", said ... (more...)
Hong Kong: flights resume at airport after clashes between protesters and police
- August 14, 2019
Protesters are demanding that it must nonetheless be withdrawn completely. When Beijing said this week that it saw the " first signs of terrorism " among Hong Kong's young pro-democracy protesters, it marked an ominous step in a progression of escalating rhetoric. (more...)
- August 14, 2019
Protesters are demanding that it must nonetheless be withdrawn completely. When Beijing said this week that it saw the " first signs of terrorism " among Hong Kong's young pro-democracy protesters, it marked an ominous step in a progression of escalating rhetoric. (more...)
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