Markets


United States yield inversion deepens, reigniting recession fears United States yield inversion deepens, reigniting recession fears
- August 29, 2019

An inverted yield curve has been a reliable predictor of previous recessions . Yields on short-term government bonds have risen while those on long-term bonds have plumbed new lows, as investors have scrambled to safeguard their funds against a global downturn by buying safer, long-dated debt. (more...)
RBI To Transfer Rs 1.76 Lakh Crore To Government RBI To Transfer Rs 1.76 Lakh Crore To Government
- August 27, 2019

The committee had submitted its report to the RBI Governor on Friday. The news evoked angry reactions on social media where many likened the development to India turning into a 'Banana Republic'. Given that the available realised equity stood at 6.8 per cent of balance sheet, while the requirement recommended by the committee was 6.5 per cent to 5.5 per cent of balance sheet, there was excess of risk provisioning to the extent of Rs 11,608 crore at the upper bound of Contingent Risk Buffer ... (more...)
DGCA mulls banning few Apple Macbook Pro models on domestic flights DGCA mulls banning few Apple Macbook Pro models on domestic flights
- August 27, 2019

Affected models were sold primarily between September 2015 and February 2017. Apple had announced that it has decided voluntarily to replace affected batteries, free of charge. Apple issued a similar replacement programme past year for the latest 13-inch Pros over issues related to battery expansion. MacBook Pro owners can use their laptop's serial number to check on Apple's website if the product is affected by the recall. (more...)
Disney Putting Mini Stores Inside Select Target Locations Disney Putting Mini Stores Inside Select Target Locations
- August 27, 2019

The stores will carry 450 Disney-branded items including toys and clothing, as well as some items that are only available at Disney's own stores. On October 4, 2019, 25 Disney Shops/Stores will launch inside of select Target stores throughout the United States, and many more are on the way. (more...)
Starbucks Adds New Pumpkin Cream Cold Brew Drink Starbucks Adds New Pumpkin Cream Cold Brew Drink
- August 26, 2019

The drink combines their vanilla-flavored cold brew coffee with a thick layer of frothy pumpkin-flavored cold foam - a signature Starbucks invention of cold-whipped milk, as opposed to hot steamed foam - and topped with a sprinkling of pumpkin spice. (more...)
Gold Pushes Past $1,550 for First Time in 6 Years Gold Pushes Past $1,550 for First Time in 6 Years
- August 26, 2019

His comments, however, were largely overshadowed by the trade news. Rupee touched a low of 72.25 earlier in the day against the US dollar but at 3:40 p.m., it recovered to 71.93 down 27 paise, or 0.37 percent, from Friday's close. Federal Reserve Chair Jerome Powell on Friday said the USA central bank will "act as appropriate" to keep the economy healthy. The markets are fully priced for a quarter-point cut in rates next month, and over 100 basis points of easing by the end of next year. (more...)
After Walmart, Amazon Too Blames Tesla Solar Panels For Roof Fires After Walmart, Amazon Too Blames Tesla Solar Panels For Roof Fires
- August 26, 2019

Last summer, Tesla initiated " Project Titan ", an attempt to quietly replace defective solar-panel parts across the United States, according to documents viewed by Business Insider. Headquartered in California, the subsidiary specializes in solar services in both the residential markets and in the commercial markets; designing, financing, and installing solar power systems. (more...)
World shares tumble as US-China trade war renews uncertainty World shares tumble as US-China trade war renews uncertainty
- August 26, 2019

Trump also tweeted that he "hereby ordered" United States companies that do business in China to "immediately start looking for an alternative". France's CAC 40 recouped early losses to inch up almost 0.1% in early trading to 5,330.86, while Germany's DAX fell almost 0.2% to 11,589.71. (more...)
KFC offering first meatless fried 'chicken' KFC offering first meatless fried 'chicken'
- August 26, 2019

KFC's Cobb Parkway restaurant is located at 2637 Cobb Pkwy South East, Smyrna, Ga. This restaurant will act as the pilot for a potential nationwide launch across the United States. Beyond Meat founder and CEO Ethan Brown said: "KFC is an iconic part of American culture and a brand that I, like so many consumers, grew up with". (more...)
Trump's regrets on China trade war 'misunderstood' Trump's regrets on China trade war 'misunderstood'
- August 26, 2019

Among other stocks, Celgene Corp rose 3.6% after Amgen Inc said on Monday it would buy the company's psoriasis drug Otezla, clearing the way for Bristol-Myers Squibb to go ahead with its $74 billion deal for Celgene. Morgan Stanley warned that the spiral of trade measures could result in a global downturn within nine months. European leaders pressured Trump to back off what he describes as a historic, all-or-nothing struggle to shift China from decades of rampant intellectual property theft ... (more...)
China asked for trade talks to resume China asked for trade talks to resume
- August 26, 2019

Europe and Japan echo US complaints that Beijing's industrial plans violate its market-opening commitments and are based on stealing or pressuring companies to hand over technology. Donald Trump at the G7. On Monday, Trump softened his tone toward China, and he doled out compliments about its president, Xi Jinping , calling him "a great leader". (more...)
Singapore Airlines bans some models of 15-inch MacBook Pro from flights Singapore Airlines bans some models of 15-inch MacBook Pro from flights
- August 26, 2019

The FAA subsequently alerted USA airlines that the affected models had been banned. "If you have "MacBook Pro (Retina, 15-inch, Mid 2015)", enter your computer's serial number on the program page to see if it is eligible for a battery replacement", Apple had said in a statement . (more...)
BOE's Mark Carney: is United States dollars dominance drawing to a close? BOE's Mark Carney: is United States dollars dominance drawing to a close?
- August 26, 2019

Carney warned that while in the short-term central bankers have to deal with the situation, dramatic steps need to be taken. Likening the move to the end of sterling's command of worldwide money markets 100 years ago, Carney said the dollar had reached a level of dominance that meant it was a barrier to a sustainable recovery. (more...)
British Airways strike: BA pilots announce September dates British Airways strike: BA pilots announce September dates
- August 26, 2019

It said flights with BA CityFlyer, Sun-Air and Comair were not affected and it was "exploring options to supplement our fleet by using aircraft and crew from other airlines". Pilots' union Balpa, which has been at loggerheads with BA over company conditions, confirmed a strike by more than 3,000 pilots for next month after talks broke down. (more...)
Trump defends Trudeau against critics who said he was 'submissive'
- August 26, 2019

Mr Macron appeared to backtrack on his own team's comments later, saying there was no formal mandate from the G-7 leaders to pass a message to Iran. A senior Iranian official had told Reuters: "Zarif will convey the Iranian leadership's response to French President Emmanuel Macron's proposal aimed at saving Iran's 2015 nuclear deal". (more...)
Facebook’s Libra Faces Challenges as Association’s Members Contemplate Leaving Facebook’s Libra Faces Challenges as Association’s Members Contemplate Leaving
- August 26, 2019

However, some of these early backers are looking for a way to "distance themselves" from the project because of the growing regulatory uncertainty in the USA and the spotlight in which the social media giant and its product is put, the Financial Times reported , citing undisclosed backers. (more...)
Trump regrets not raising tariffs on China higher: White House Trump regrets not raising tariffs on China higher: White House
- August 26, 2019

Trump continued with his Twitterstorm after meeting with National Economic Council Director Larry Kudlow, Treasury Secretary Steven Mnuchin , China Adviser Peter Navarro and U.S. The U.S. administration may feel free to press its luck in a trade fight they have initiated, but China will not be intimidated. "I think when they steal and take out, and - intellectual property theft, anywhere from $300 billion to $ 500 billion a year, and where we have a total loss of nearly a trillion dollars a ... (more...)
PM meeting with Indian Prime Minister at G7: 25 August 2019 PM meeting with Indian Prime Minister at G7: 25 August 2019
- August 26, 2019

Prince Khalifa Bin Salman Al Khalifa , the prime minister, was at the airport in Manama to greet the premier. Prime Minister Narendra Modi was warmly received by HM King of Bahrain Hamad bin Isa bin Salman Al Khalifa at the Al Gudaibiya Palace. (more...)
Do Not Keep Apple Card in Leather, Jeans Warns iPhone-maker Do Not Keep Apple Card in Leather, Jeans Warns iPhone-maker
- August 26, 2019

Apple did not respond to a Gizmodo request for comment on the guidelines for card care, so we are not sure exactly how the company foresees people storing the card . All these lead to a conundrum: where should clients store their very powerful and yet very delicate credit card? The Apple Insider reports that aside from the hard surface materials, certain fabrics like denim can damage the card's multi-layer coating finish. (more...)
Trade and basketball: Trump and Trudeau meet at G7 Trade and basketball: Trump and Trudeau meet at G7
- August 26, 2019

The G7 gathering is taking place against a backdrop of worries about a global economic downturn and coincides with an era of worldwide disunity across an array of matters. That was the backdrop for an impromptu two-hour lunch with French President Emmanuel Macron outside the opulent Hotel du Palais. " President Trump responded in the affirmative - because he regrets not raising the tariffs higher", Grisham said in a statement emailed to reporters. (more...)