Business

Dow slumps 800 points after bonds flash recession warning

Dow slumps 800 points after bonds flash recession warning Yields on 2-year and 10-year Treasury notes inverted early Wednesday, a market phenomenon that shows investors want more in return for short-term government bonds than they are for long-term bonds. "Stocks in Asia were mostly positive on Friday and European and US equity futures were also pointing to a firmer start following yesterday's rebound in risk appetite", wrote Raffi Boyadjian, an in... [Full Article...]

President Trump Considering Buying Greenland for the USA

President Trump Considering Buying Greenland for the USA Greenland is the largest island in the world (after Australia, which is defined as a continent in its own right). WASHINGTON (AP) - Aiming to put his mark on the world map, President Donald Trump has talked to aides and allies about buying Greenland for the U.S. [Full Article...]

China Vows To Counter Latest US Tariffs

China Vows To Counter Latest US Tariffs On Thursday, a statement from the Chinese government - released just before the start of USA trading - helped to lower the tension. Moreover, China has tailored its tariffs to hit US farm exports from swing states like Iowa, a unsafe foreign attempt to influence American elections. [Full Article...]

Hong Kong's police describe their side of the protests

Hong Kong's police describe their side of the protests Hong Kong's government could ask for assistance from the PLA garrison to maintain order, and in that case the Chinese military must follow Hong Kong law. Trump said China wants to make a deal to end the trade war but should be allowed first to find a solution to the situation in Hong Kong . What is unfolding in Hong Kong is a message to the world's democracies. [Full Article...]

THE ECONOMY SUCKS UNDER TRUMP! Wall Street Warns Recession Under His Administration

THE ECONOMY SUCKS UNDER TRUMP! Wall Street Warns Recession Under His Administration The DJIA is down -2.89% and the S&P is down -2.74% at the time of writing. The inversion of portions of the Treasury bond yield curve this week "would have to be sustained over a period of time" to be taken as a "bearish" signal for a USA economy that continues to grow, St. [Full Article...]

Reliance Jio Has Over 340 Million Subscribers, Claims Mukesh Ambani

Reliance Jio Has Over 340 Million Subscribers, Claims Mukesh Ambani More details about these tariffs will be available on Jio.com and the MyJio app on September 5. Jio has not specified which OTT plans it will offer as yet. 100 MBPS plan will cost ₹700 per month while the 1000 MBPS plan will cost ₹10,000 per month. Jio Fiber will commercially launch across India from September 5, 2019; three years after Jio's historic launch. [Full Article...]

Verizon Sells Tumblr, Still No Porn Though

Verizon Sells Tumblr, Still No Porn Though Verizon acquired Tumbler when it purchased Yahoo in 2017. The porn-ban went into effect on December 17th, when the site began using algorithms to flag and delete any such content. Tumblr is one of the most popular blogging social networks around. A price has not been reported, however, Axios reports that the sale was for "well below" $20 million, even suggesting the price could be below $10... [Full Article...]

U.S. delays tariffs on cellphones, laptops and toys from China

U.S. delays tariffs on cellphones, laptops and toys from China A study by economists from the Federal Reserve Bank of New York, Columbia University, and Princeton University found that the burden of Trump's tariffs - including taxes on steel, aluminum, solar panels falls entirely on United States consumers and businesses who buy imported products. [Full Article...]

Hong Kong airport suspends check-ins due to protests

Hong Kong airport suspends check-ins due to protests She said she was anxious about escalating violence, but added that "the protesters were just trying to protect themselves against police violence". The event was organized by Hong Kong Outlanders, the Taiwan Youth Association for Democracy, Taiwan Association for Human Rights, Taiwan Citizen Front, Covenants Watch, the Presbyterian Church in Taiwan and several human rights groups. [Full Article...]

Reliance to install blockchain network across India in the next 12 months

Reliance to install blockchain network across India in the next 12 months As for the smaller operators, Jio GigaFiber would extend "buyout offers" to smaller cable and broadband operators, under which smaller operators could sell their networks and customers to Jio in return for a fixed, one-time payment. Reliance also announced the Jio GigaFiber IoT platform that will be commercially available from January 1, 2020; and the Jio HoloBoard mixed reality headse... [Full Article...]

China's official digital currency is almost ready

China's official digital currency is almost ready Trump told reporters as he departed the White House for fundraising events in NY before heading for a working vacation from his New Jersey golf club. But US duties of 25 percent on Chinese goods not yet facing tariffs would slow the economy in the following year, the International Monetary Fund said in a report. [Full Article...]

Major Power Failure Affecting Trains And Airports In Large Areas Of UK

Major Power Failure Affecting Trains And Airports In Large Areas Of UK According to Professor Tim Green, co-director of the Energy Futures Laboratory, Imperial College London , the first generator to disconnect on Friday was a gas-fired plant at Little Barford in Bedfordshire at 4.58pm. Burt said National Grid is due to provide a "a detailed technical report" to Ofgem, which has already urgently demanded information as to what went wrong. [Full Article...]

China lowers yuan's trading range but currency stabilizes

China lowers yuan's trading range but currency stabilizes Shares recovered somewhat but still closed in the red. Trump rattled investors with last week's surprise announcement of punitive tariffs on an additional $300 billion of Chinese imports, effective September 1. In a series of tweets on Thursday, Mr Trump lamented the strength of the U.S. dollar which puts American manufacturers at a disadvantage, and once again demanded the Federal Reserve low... [Full Article...]

Mellanox optimizes solutions for AMD EPYC processor-based datacenters

Mellanox optimizes solutions for AMD EPYC processor-based datacenters Alternatively, Intel manufactures chips in its own factories and uses a new manufacturing process, which may be responsible for being behind the schedule in delivering their new Ice Lake chips. A ideal example is video security in smart city, campus and mass transit environments where public safety organizations need that additional computing power in confined spaces using less energy so they can... [Full Article...]

Tesla Under U.S. Scrutiny Over Safety Claims

Tesla Under U.S. Scrutiny Over Safety Claims This report comes just one day after correspondence between the NHTSA and Tesla showed that the NHTSA served tesla with a cease-and-desist letter over Tesla's claims that it's Model 3 vehicles was the safest auto in the world. The Model 3 scored five stars in ANCAP testing, with a 94 per cent score in the safety assist category equalling the firm's best-ever. Although technically and fa... [Full Article...]

Gold climbs above 1,500 United States dollars amid stronger safe haven demand

Gold climbs above 1,500 United States dollars amid stronger safe haven demand USA gold futures too were up 0.9% at $1,497.90 an ounce. Gold prices are up 17% this year on Comex, buoyed by safe-haven demand amid US-China trade war, global growth slowdown and dovish monetary policies by major central banks. The escalation in their dispute could mean that any interest rate cut by the Federal Reserve. "Looking at the interest rates and general trajectory of yields and uncerta... [Full Article...]

Trump says US Federal Reserve ‘too proud to admit mistakes’

Trump says US Federal Reserve ‘too proud to admit mistakes’ In a series of tweets on Thursday, Trump said , "As your president, one would think that I would be thrilled with our very strong dollar". "Certainly, escalating trade tensions through higher tariffs and restricted access to markets is hurting sentiment, increasing costs, damaging supply chains and weakening corporate profitability", wrote James Knightley, chief worldwide economist at ING. [Full Article...]

NewsAlert: Canada loses 24,200 jobs in July, unemployment rises: Statcan

NewsAlert: Canada loses 24,200 jobs in July, unemployment rises: Statcan Wage growth accelerated last month to its fastest clip in more than decade, according to numbers released Friday from Statistics Canada. Even with the July decline, compared to a year earlier, the numbers show Canada added 353,000 new positions - nearly all of which were full time - for an encouraging overall increase of 1.9 per cent. [Full Article...]

Protesters stage sit-in at Hong Kong airport and target tourists

Protesters stage sit-in at Hong Kong airport and target tourists Protesters say police were slow to protect them. Companies are getting caught in the cross-fire of Hong Kong's pro-democracy unrest, with Chinese state-run media inciting boycott campaigns against firms seen to be backing the protesters. [Full Article...]

Budget threatened as oil price sinks to $56

Budget threatened as oil price sinks to $56 Oil prices fell on Friday amid fears over demand as the US-China trade row casts its shadow over markets , although prices got some support from expectations of more OPEC production cuts. Growth in global oil demand is slowing and won't exceed 650,000 bpd in 2019, according to Vitol Group, the world's largest independent oil trader. In a statement, ANZ Bank said that crude and oil prices felt ... [Full Article...]


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