Economy

Symantec suspends takeover talks with Broadcom over price clash

Symantec suspends takeover talks with Broadcom over price clash A deal price of $28.25 would have valued Symantec at about $17.5 billion. Symantec's decision raises new questions over the future of the USA antivirus software provider, which is looking for a new CEO and has been struggling to grow its business serving companies. [Full Article...]

China's economic growth slows to 6.2% in Q2

China's economic growth slows to 6.2% in Q2 China's industrial output grew 6.3% in June from a year earlier, official data showed on Monday , picking up from May's 17-year low and handily beating market expectations. "Uncertainty caused by the US-China trade war was an important factor and we think this will persist", said Tom Rafferty, principal economist, China at The Economist Intelligence Unit. [Full Article...]

Bitcoin drops more than 10% as scrutiny of cryptocurrencies grows

Bitcoin drops more than 10% as scrutiny of cryptocurrencies grows It is becoming more mainstream all the time. This series of tweets by Mr Trump also comes at the end of an event at the White House, during which he criticised large technology companies over them treating conservative voices in an unfair manner. [Full Article...]

Use Alexa to get early Prime Day deals without lifting a finger

Use Alexa to get early Prime Day deals without lifting a finger Even at its full price, it's affordable so you can bring the power of Alexa to any room in the house without spending a fortune. You need to become a Prime member to get started with Amazon's Prime Day sale. That's where Alexa comes in. If you say no, your helpful shopping sidekick bot will continue reading the next deal. Experts at Saver Trends have found the best iRobot Roomba, Apple iP... [Full Article...]

Trump orders French digital tax probe, amid talk of retaliatory tariffs

Trump orders French digital tax probe, amid talk of retaliatory tariffs France's Parliament is likely to approve plans for the new tax on Thursday, the BBC reported. It will target companies such as Google and Facebook with a 3% levy on revenue made inside France. The proposed digital services tax may not be the only grounds for the beginning of a trade war between with US and Europe, however. According to Le Maire, "there will also be a French firm and othe... [Full Article...]

Dow Jones industrials cross 27,000 points for first time

Dow Jones industrials cross 27,000 points for first time The S&P 500 is up 2.66 points, or 0.1%. Stocks briefly added to gains following minutes from the last meeting of Fed policymakers that showed many U.S. In a series of comments and tweets the United States president has accused the Fed of unnecessarily slowing the economy by not cutting rates. Looking ahead ...Powell takes his talents to the Senate Banking Committee this morning. [Full Article...]

USD Drops, S&P 500 Hits Record on Dovish Fed Minutes, Powell Testimony

USD Drops, S&P 500 Hits Record on Dovish Fed Minutes, Powell Testimony The Fed's benchmark rate now stands in a range of 2.25% to 2.5% after the central bank boosted rates four times previous year. The minutes show FOMC member concern over soft economic data such as the weak jobs report from April, weakening indicators for business confidence and spending, decreased manufacturing activity and the ongoing trade tensions - mainly between China and the US. [Full Article...]

Amazon Prime Day 2019: Everything You Need to Know

Amazon Prime Day 2019: Everything You Need to Know When does Prime Day start? Amazon Prime Day sale is just around the corner ( July 15 ), and this is the ideal time for those who have not subscribed to Amazon's Prime subscription to go ahead and do just that. Even though you can't see lines out the door and people shoving their way through crowds to fill their cart, Prime Day is as hectic as Black Friday , which can cause the site to cra... [Full Article...]

Richard Branson plans to take Virgin Galactic public

Richard Branson plans to take Virgin Galactic public In February, the company took a step closer to its goal of suborbital flights for space tourists when its rocket plane soared to the edge of space with a test passenger for the first time. "Having sadly had to pull away from an investment by Saudi Arabia after the murder of journalist Jamal Khashoggi , and then having demonstrated the repeatability our full flight profile with two crewed spacef... [Full Article...]

Instagram is trying to neutralize bullies before they post

Instagram is trying to neutralize bullies before they post After the user posts such a comment under a photo, the app will automatically ask them if they really want to go ahead and post this comment or if they want to reconsider and delete it. Personally, I find this one more useful because it puts you in control. [Photo: courtesy of Instagram ] The second tool, which Instagram says will begin rolling out soon, is meant to empower the (potential) ... [Full Article...]

United States economy adds 224000 jobs in June

United States economy adds 224000 jobs in June The U.S. economy reversed a few months of moderating job growth by adding 224,000 new jobs in June, according to the latest employment report from the Bureau of Labor Statistics . Unemployment nudged up to 3.7 percent, still at almost 50-year low. The June jobs report will likely do little to change the Fed's existing thesis that a tightening labor market is not applying pressure on infla... [Full Article...]

Turkey: Erdogan Fires Central Bank Governor

Turkey: Erdogan Fires Central Bank Governor The government wants to kick-start growth by lowering interest rates as inflation cools off. Turkey's president has fired the head of the country's central bank after he insisted on maintaining the bank's independence on setting interest rates, amid disagreements on how to deal with the country's struggling economy . [Full Article...]

Top points for Tesla Model 3 in Euro NCAP crash tests

Top points for Tesla Model 3 in Euro NCAP crash tests The Model 3 maker handed over 95,200 cars to customers in the three months that ended in June, exceeding the previous best mark set in the last quarter of 2018. Once Tesla's backlog of pre-orders dried up, Tesla wisely shifted its delivery allotment to overseas markets. There's a lot to think about when buying a new vehicle, more than performance, mileage, and comfort, safety is the one we s... [Full Article...]

Futures slightly lower before jobs data

Futures slightly lower before jobs data The June report indicates that robust jobs growth is coupled with consistently strong wage growth. Fed Chairman Jerome Powell has repeatedly said the central bank makes decisions independently from both markets and the White House, but failing to deliver a cut could cause a stock and short-term bond selloff and reduce economic activity. [Full Article...]

Lee Iacocca, star CEO who led Ford, saved Chrysler, has died

Lee Iacocca, star CEO who led Ford, saved Chrysler, has died Iacocca began his career as an engineer at the Ford Motor Company in 1946 In 1964 he cemented his place in history by designing and launching the Ford Mustang , which sold 419,000 in its first year, one of America's most iconic cars. His passing was confirmed by Fiat Chrysler Automobiles in a statement. His rise within Ford was meteoric and his 'cunning, ingenuity and swagger made him one ... [Full Article...]

Pound Australian Dollar (GBP/AUD) Exchange Rate Sinks as Australian Trade Balance Rises

Pound Australian Dollar (GBP/AUD) Exchange Rate Sinks as Australian Trade Balance Rises AUSTRALIA executed its first back-to-back interest-rate cuts in seven years and left the door open for additional easing as policy makers attempt to support a slowing economy and try to rekindle dormant inflation. The Euro Australian Dollar (EUR/AUD) exchange rate fell by -0.3% today and is now trading around AU$1.6155 on the interbank market. The Australian Dollar's selloff was limited due to f... [Full Article...]

Opec agrees to extend cuts for nine months amid demand concerns

Opec agrees to extend cuts for nine months amid demand concerns Giovanni Staunovo, oil analyst for UBS, told The Daily Telegraph: "We believe due to the [existing] Opec production cuts the market will be undersupplied in the second half". Crude prices have jumped by a third since then, with global benchmarks going up almost two percent on Monday on expectations of the extension of the deal. [Full Article...]

Trump gives go ahead to Huawei, allows to buy from USA companies

Trump gives go ahead to Huawei, allows to buy from USA companies President Trump officially said that the Huawei case can be dealt with at the very end of trade talks. "But we need to see the full scope of his handout to Huawei". relations. "Very complex things. Not easy - this is not things that are easy to make". The latest World Trade Outlook Indicator reading of 96.3 remains at the weakest level since 2010, signaling continued falling trade growth in the... [Full Article...]

Oil Prices Jump Over 2% as OPEC Set To Extend Supply Cuts

Oil Prices Jump Over 2% as OPEC Set To Extend Supply Cuts Russian President Vladimir Putin and Opec cartel kingpin Saudi Arabia agreed Saturday on the sidelines of the G20 in Osaka to extend their deal which aims to keep oil output low owing to abundant world supplies. Jason Bordoff, a Columbia University professor and former energy adviser to President Barack Obama, wasn't surprised by Iran's reaction: "When the president of Russian Federation an... [Full Article...]

Donald Trump to discuss Huawei during highly-anticipated meeting with Chinese president

Donald Trump to discuss Huawei during highly-anticipated meeting with Chinese president He confirmed that Washington had committed to not imposing any new tariffs on Beijing's exports. This is a tricky condition since the United States has pushed for removing tariffs as China implements the deal, not before. A CNN report noted that Trump said that " US companies can sell their equipment to Huawei ", and that allowing the transactions won't present a " great, national emergency prob... [Full Article...]


1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21  Next »