Markets


Rising trade tensions, policy uncertainty further weakening global growth: OECD Rising trade tensions, policy uncertainty further weakening global growth: OECD
- September 19, 2019

Moreover, there is a risk that lower growth will continue if governments do not act decisively. China would also feel the pain with the second-biggest economy growing 6.1 per cent in 2019 and 5.7 per cent in 2020, outlooks the OECD cut from 6.2 per cent and 6.0 per cent previously. (more...)
KFC testing chicken and donut sandwiches KFC testing chicken and donut sandwiches
- September 19, 2019

The sandwiches sell for $5.99, but if they aren't your jam you can order basket meals made with choice of chicken on the bone or chicken tenders paired with one doughnut for $5.49. Kentucky Fried Chicken is no stranger to unusual menu items. It's basically like chicken and waffles, right? The Kentucky Fried Chicken & Donut Sandwich is exactly what it sounds like: a crispy chicken filet placed between two glazed donuts. (more...)
The Tesla Model 3 just earned the IIHS' top safety award The Tesla Model 3 just earned the IIHS' top safety award
- September 19, 2019

Around then, the Model S had turned into the top rated vehicle in Norway for brief timeframes, yet now we are seeing Model 3 turned into the smash hit vehicle of the year in an entire nation. The TOP SAFETY PICK + award is the top available classification. IIHS says the vehicle's structure was impressive in the organization's driver-side small overlap front test, which proves a challenge for many vehicles that are subjected to it. (more...)
Hong Kong's LSE offer comes weighed down with baggage Hong Kong's LSE offer comes weighed down with baggage
- September 19, 2019

The LSE elaborated that there were some "fundamental flaws" in the bourse operator's proposal and that there was no need for further engagement. But its position is complicated by the fact that it is in the middle of a corporate tie-up of its own, for data provider Refinitiv Holdings, that would be derailed by any agreement with the Hong Kong exchange. (more...)
Former PM Cameron 'sorry' for Brexit divisions Former PM Cameron 'sorry' for Brexit divisions
- September 19, 2019

On Monday, he will meet European Commission chief Jean-Claude Juncker and Brexit negotiator Michel Barnier in Luxembourg. "I think eventually we'll get a deal similar to Theresa May's and then we'll have a referendum on whether or not to accept it". (more...)
Calibra CEO Argues that Libra Poses No Threat to Nations' Monetary Sovereignty Calibra CEO Argues that Libra Poses No Threat to Nations' Monetary Sovereignty
- September 19, 2019

The Geneva-based Libra Association and Calibra, a Facebook unit that will provide digital wallets for Libra users, gave a presentation at the BIS event. Specifically, Coeuré advised that Libra had to meet a "very high" standard, and in specific European Union finance ministers were concerned that cryptocurrencies such as Libra might disrupt financial sector and undermine public banks' power. (more...)
Big banks sweat move to lower US interest rates Big banks sweat move to lower US interest rates
- September 19, 2019

Even with lower rates, sales have been hampered this year by a shortage of homes on the market and high prices. The answers to those uncertainties will influence the Fed's decisions in the coming months on whether it needs to keep reducing borrowing rates to try to help sustain the USA economic expansion now in its 11th year. (more...)
Disney chief exits Apple board as firms become streaming rivals Disney chief exits Apple board as firms become streaming rivals
- September 19, 2019

They will also have to deal with competition from Time-Warmer. The company's strategy over the next year will decide whether it becomes a key player in India's growing streaming market. It's important to note that a sizeable share of the OTT subscriber base in the U.S. has subscribed to multiple OTT platforms. Goldman Sachs has underwritten more bond issuances for Apple in the last decade than any other investment bank, worth some $44 billion, according to financial data provider Refinitiv. (more...)
Slowdown in China: industrial output growth falls to 17-1/2 year low Slowdown in China: industrial output growth falls to 17-1/2 year low
- September 19, 2019

Value-added industrial output, which measures production at factories , mines and utilities, rose 4.4% (link in Chinese) year-on-year in August, down from 4.8% growth in the previous month. Output of the high-tech industry grew 6.1 percent, 1.7 percentage points faster than overall industrial output growth, indicating continuous optimization of the industrial structure, the bureau said. (more...)
WeWork pushes back IPO amid investors concerns over governance WeWork pushes back IPO amid investors concerns over governance
- September 19, 2019

Softbank , the company's largest investor, participated in a January funding round which valued We Co.at $47.0bn (£38.0bn) but reports indicated it was more likely to fetch a valuation closer to $15-18.0bn if not less. It had been pushing the company to delay its IPO. Besides growing losses as the company has neared its IPO, CEO and co-founder Adam Neumann caught flak for odd choices in operational strategy, including charging We Co. (more...)
Smile Cookies to Support WE Care for Kids Smile Cookies to Support WE Care for Kids
- September 19, 2019

Isn't a cookie sweeter when it does some extra good? The Smile Cookie is a signature chocolate chunk cookie that has been decorated with a smile. The annual campaign has been supporting the program for years, with last year's event raising more than $30,000. (more...)
Oil prices spike after Saudi attack disrupts global supply Oil prices spike after Saudi attack disrupts global supply
- September 19, 2019

The attacks "set the stage for a Monday-morning mini-massacre of any market participants holding short positions or bearish expectations", said John Driscoll, chief strategist at JTD Energy Services Ltd.in Singapore. Officials quoted by the New York Times spoke of a mixture of drones and cruise missiles that might have been deployed, though not all hit their targets. (more...)
Trump says Powell 'doesn't have a clue' ahead of Fed meetin Trump says Powell 'doesn't have a clue' ahead of Fed meetin
- September 19, 2019

Don't see the graphic above? Despite divisions about whether a reduction in borrowing costs is needed, the United States central bank is widely expected on Wednesday to cut its key overnight lending rate by a quarter of a percentage point for the second time this year. (more...)
Airports Council says more than 8.8 billion passengers flew in 2018 Airports Council says more than 8.8 billion passengers flew in 2018
- September 19, 2019

The report, released on Monday, also said the world's airports accommodated 122.7 million metric tonnes of cargo and nearly 100 million aircraft movements. The airport traffic report said the top three airports for passenger traffic volume were Hartsfield-Jackson Atlanta International Airport (107.4 million), Beijing Capital International Airport (101 million), and Dubai International Airport respectively (89.1 million). (more...)
Justice Department charges three JPMorgan traders with market manipulation Justice Department charges three JPMorgan traders with market manipulation
- September 19, 2019

The traders, in keeping with the indictment, additionally allegedly performed the scheme in reverse whenever they wanted to drive down the price, submitting fictitious sell orders. Edmonds said the objective was to falsely transmit liquidity and price information in order to deceive other market participants about the supply and demand so they would trade against the orders that JPMorgan wanted to execute. (more...)
Musk hired detective to probe caver who sued over 'pedo guy' tweet Musk hired detective to probe caver who sued over 'pedo guy' tweet
- September 19, 2019

Mr Musk posted the tweet , for which he later apologised , after Mr Unsworth accused him in a CNN interview of grandstanding by offering to help his diving team rescue 12 boys and their soccer coach from a cave in Thailand in July 2018. Vern Unsworth, 64 - who helped rescue 12 Thai boys from an underwater cave in 2018 - has sued Mr Musk for defamation. The diver has also called Mr Musk's motion "as offensive to the truth as was his original tweet". (more...)
Cheapest gas prices in US? Cheapest gas prices in US?
- September 19, 2019

The average national gasoline price jumped 3 cents to $2.59 per gallon Tuesday, AAA said on its website. The Stripes at the corner of Staples and Leopard Streets advertised regular unleaded gasoline at $2.19 a gallon Monday. Another worry is that prices could stay higher long-term. To ease concerns, President Donald Trump said he has authorized the release of crude from the Strategic Petroleum Reserve. (more...)
Boris Johnson's suspension of Parliament probed in Supreme Court Boris Johnson's suspension of Parliament probed in Supreme Court
- September 19, 2019

Johnson asked Queen Elizabeth to prorogue, or suspend, parliament from September 10 until October 14, prompting accusations from opponents that he wanted to silence the legislature in the run-up to Britain's exit from the European Union on October 31. (more...)
Apple spars with European Union as $14-billion Irish tax dispute drags on Apple spars with European Union as $14-billion Irish tax dispute drags on
- September 19, 2019

The European Commission lawyer Richard Lyal said that the aim of this order was to make sure that Apple's Irish subsidiaries are taxed properly putting the blame to the Irish government as well. There was no derogation from the normal rules", he said in his closing argument. "This is Ireland's reputation which has been so severely criticised", he said in his closing argument. (more...)
National Cheeseburger Day Deals In Amarillo National Cheeseburger Day Deals In Amarillo
- September 19, 2019

The guacamole cheeseburger and steakhouse bacon cheeseburger are eligible for this combo. To get this deal, you must dine in and sit at the BullsEye Bar section of the restaurant. The only way to make a good burger taste better? You'll need to register by contacting your preferred location at least 24 hours in advance. McDonald's: Get two cheeseburgers for $1 via the McDonald's mobile app from September 18 - 24 at participating locations. (more...)