Markets

Iranian Cities Hit By Protests For Fourth Day

Iranian Cities Hit By Protests For Fourth Day In return, Iran agreed to scale back its nuclear program. Key European partners have expressed opposition to the new U.S. sanctions in recent months and have held a series of meetings with senior Iranian officials to discuss tactics for evading the new American sanctions, which follow on the heels of President Donald Trump's decision to abandon the landmark nuclear deal. [Full Article...]

House of Fraser in talks with alternative investors after deal collapses

House of Fraser in talks with alternative investors after deal collapses However, the Chinese firm said it would no longer proceed with its investment, plunging House of Fraser into crisis . " Discussions are ongoing and a further announcement will be made as and when appropriate ". HoF plans to close 31 of its 59 stores through a Company Voluntary Arrangement, which gives the retailer the ability to renegotiate its rental agreements with the landlords. [Full Article...]

Conor McGregor vs Khabib Nurmagomedov Announced For UFC 229

Conor McGregor vs Khabib Nurmagomedov Announced For UFC 229 Graham Kenny posted to his Instagram story plane tickets to Las Vegas flying out October 5, with a return date to London Gatwick on October 10 along with the caption: "It's on". However, instead of defending either the featherweight or lightweight title, McGregor opted for a boxing match with undefeated pound for pound king Floyd Mayweather . [Full Article...]

Spain and Portugal buckle under searing heat

Spain and Portugal buckle under searing heat The country's civil protection agency reported 426 firefighters were putting out fires or checking alerts in the north and centre of the country. Weather warnings have been issued in Europe, with highs of close to 50ºC predicted in parts of Spain and Portugal. [Full Article...]

Ontario will launch constitutional challenge of federal carbon tax plan

Ontario will launch constitutional challenge of federal carbon tax plan The federal government says it's still talking to industries and will have more details this fall. Conservative Finance Critic Pierre Poilievre hailed the government move as a victory in his party's anti-carbon tax campaign, arguing this is an admission from the Trudeau Liberals that carbon pricing makes Canada less competitive. [Full Article...]

U.S. proposes higher tax on $200 billion in Chinese imports:The Asahi Shimbun

U.S. proposes higher tax on $200 billion in Chinese imports:The Asahi Shimbun The proposed higher tariff "is meant to provide the administration with additional options to encourage China to change its harmful policies and behavior and adopt policies that will lead to fairer markets", Lighthizer said Wednesday. He gave no details of possible measures but said, "we are determined to safeguard our legitimate and lawful rights and interests". Trump has imposed tariffs on Chi... [Full Article...]

Apple briefly becomes the first $1 trillion US company

Apple briefly becomes the first $1 trillion US company Amazon had the second-largest United States market cap as of Wednesday, at roughly $872.5 billion. As a company gets bigger, its growth rate tends to slow down. In fact, while the company's iPhone earnings for the quarter grew 20% year-over-year because of higher smartphone ASPs, Apple's services revenue grew 31% year-over-year as the company has been expanding its offerings for some time now. [Full Article...]

Gatineau's Hydropothecary, Molson Coors launch cannabis drink project

Gatineau's Hydropothecary, Molson Coors launch cannabis drink project Although the impact of cannabis on beer consumption is unproven and hard to evaluate until legalization takes place, the brewer believes consumer acceptance of cannabis and cannabis beverages is going to increase. The move comes as other alcohol companies like Constellation Brands and Heineken are dipping their toes into the cannabis pool in the midst of declining alcohol sales in the ever-gro... [Full Article...]

Apple is officially worth more than $1 trillion

It became the first $900 billion company exactly nine months ago, on November 3, 2017. The price of Apple moved above $207.04 and in the process, took the market capitalization to $1 trillion. "Our Q3 results were driven by continued strong sales of iPhone , Services and Wearables, and we are very excited about the products and services in our pipeline". [Full Article...]

China warns against blackmail as Donald Trump considers higher tariffs

China warns against blackmail as Donald Trump considers higher tariffs Chinese and U.S. flags are set up for a signing ceremony during a visit by U.S. Secretary of Transportation Elaine Chao at China's Ministry of Transport in Beijing, China April 27, 2018. Trump and senior administration officials believe that the volume of U.S. imports and vigorous health of American economy give Washington an advantage in the current confrontation. [Full Article...]

Vietnam's manufacturing sector slows down in July

Vietnam's manufacturing sector slows down in July Two other economists said that inflation played a significant role in the slowdown of manufacturing growth, estimating that the overall rise in prices of widely used goods likely picked up to 5.5% in July from June's 5.2%. Twelve subsectors reported growth, while 2 contracted in the review month. The PMI is a composite index with new orders having the biggest weight among components at 30%, foll... [Full Article...]

Apple is first public company worth $1 trillion

Apple is first public company worth $1 trillion The milestone reached Thursday marks the latest triumph of a trend-setting company that two mavericks named Steve started in a Silicon Valley garage 42 years ago. Some progressives take issue with all the money Apple gives back to its shareholders , almost $44 billion during the first six months of this year. [Full Article...]

Newshour, US hits Turkey with sanctions over jailed pastor

Newshour, US hits Turkey with sanctions over jailed pastor Pompeo was the first senior US official to visit Malaysia since surprise election results in May brought an opposition government to power pledging to tackle corruption. "There might be problems between countries and there will be also dissidence". Americans would generally be prohibited from doing business with them. [Full Article...]

Global Markets: Japan's rate decision lifts bonds, shares under tech cloud

Global Markets: Japan's rate decision lifts bonds, shares under tech cloud The dollar was steady against its peers on Monday, sticking to a tight range as market participants awaited key central bank meetings this week that could set the near-term course for currencies. The pan-European FTSEurofirst 300 index .FTEU3 of leading regional shares closed up 0.38 percent while MSCI's gauge of stocks across the globe .MIWD00000PUS gained 0.27 percent. [Full Article...]

Is Fed turning defiant of Trump? Key takeaways from money policy

While leaving rates on hold as expected, the committee said it expects that "further gradual increases in the target range for the federal funds rate" would be consistent with a strong labor market and keeping inflation near the FOMC's 2 per cent objective, repeating language from its June statement. [Full Article...]

Google plans censored return to China search market, reports say

Google plans censored return to China search market, reports say Others commentators on Twitter have been similarly troubled by the news. Search engines - one of the most important things in the world in this day and age - thus, serve no goal in China. Baidu shares fell 7.7% on Wednesday, despite posting better than expected quarterly results. Earlier a year ago, Chinese internet regulators authorised the Google Translate app for smartphones. [Full Article...]

Does the European Union have the appetite to swallow all the United States soybeans?

Does the European Union have the appetite to swallow all the United States soybeans? Currently American soybean prices have rebounded to $8.59 a bushel, against the backdrop of European Union and the United States foreign trade negotiations, as well as the U.S. Soybeans will be harvested in September, and farmers are hoping to have a someone sell them to. Beyond the question of whether or not the tariff war will work, we need to ask why USA farmers are so dependent on export m... [Full Article...]

Apple hits $1 trillion mark, boosts Nasdaq and S&P

Apple hits $1 trillion mark, boosts Nasdaq and S&P As with other landmarks - such as the Dow crossing 25,000 points for the first time - the Apple record is significant because of its resonance beyond the financial universe. Microsoft , from which Apple snatched the title of most valuable company in 2012, is at $827.53 billion today. So long as it can maintain this momentum, $2 trillion in the next decade doesn't seem like a pipe dream. [Full Article...]

MGM Resorts signs sports betting agreement with National Basketball Association

MGM Resorts signs sports betting agreement with National Basketball Association NBA Commissioner Adam Silver and MGM Resorts International CEO Jim Murren pose at a news conference announcing a deal to partner on U.S. sports betting, in NY, U.S. The NBA believes that gaming partners should compensate the league for the commercial value of its intellectual property, and sources said that MGM did that in this deal. [Full Article...]

MoviePass Raising Prices And Limiting Availability For Big New Releases

MoviePass Raising Prices And Limiting Availability For Big New Releases How much shares are traded? Stocks with low PE can be considered good bargains as their growth potential is still unknown to the market. Moving out to look at the previous month volatility move, the stock is at 46.52%. The last several days of trading have essentially wiped away that cosmetic improvement. Taking a wider observation, the current separation from the one year high is -99.99%, and the... [Full Article...]


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