Markets

by | October 13, 2018 | 10:26

According to a company blog post , attackers found a vulnerability in the code and used Facebook's "View As" feature to steal access tokens created to allow people to stay logged in. Earlier this week the company said it had purged roughly 800 accounts and publishers that were sending out politically-motivated spam about the upcoming USA midterm elections, sparking renewed controversy that Facebook is censoring political speech.

by | October 13, 2018 | 00:48

Ikea noted that it has seen continued growth despite a challenging and changing retail environment, with customers continuing to travel to Ikea stores to touch, try, shop and be inspired by their home furnishing solutions. Its first store is planned to open in Santiago in Chile in late 2020 and locations in Lima in Peru and Bogota in Columbia will then likely follow, he said.

by | October 12, 2018 | 22:25

Labour MP Margaret Hodge said it was "absolutely outrageous that Facebook's United Kingdom tax bill is 0.62% of their revenue". Absolutely outrageous that Facebook's United Kingdom tax bill is 0.62% of their revenue here; on an income of £1.2 billion they really should be paying much more than £7.4 million.

by | October 12, 2018 | 19:42

That's significantly higher than the $196 billion recorded between January and September a year ago. President Trump has warned China that Washington is taking measures to curb the exporting of nuclear technology to China, adding that Americans were not "stupid", AFP reports as the Department of Energy released yesterday a set of measures "to prevent China's illegal diversion of us civil nuclear technology for military or other unauthorized purposes".

by | October 12, 2018 | 19:12

The EU says there needs to be major progress at a summit in Brussels next week if the two sides are to strike a divorce deal before Brexit day. Britain rejects the EU's proposed solution - to keep Northern Ireland inside the bloc's single market and customs union after the rest of the UK leaves - because it would create new barriers between Northern Ireland and the rest of the UK The EU has asked for a counter-proposal from Britain.

by | October 12, 2018 | 18:43

China's trade surplus with the United States was $225.79 billion from January-September. China's record high surplus with the USA could add to tensions in the trade relationship between the world's two largest economies. Last month, trade turnover between the two countries was more than $9 billion. The officials said U.S. nuclear exports to China amounted to $170 million in 2017.

by | October 12, 2018 | 10:17

The IMF on Tuesday cut its global GDP growth forecast by 0.2 percentage points to 3.7 percent for both 2018 and 2019, citing the economic uncertainties. The cut its 2019 USA growth forecast to 2.5 percent from 2.7 percent previously, while it reduced China's 2019 growth forecast to 6.2 percent from 6.4 percent.

by | October 12, 2018 | 05:55

The Northern Irish party that British Prime Minister Theresa May's government relies on for support says it will consider backing a vote of no-confidence if May agrees to European Union checks on goods entering the region post-Brexit. The plan would also involve keeping Northern Ireland in the single market to help maintain frictionless trade across the border with the Republic while mainland Britain would be outwith the single market.

by | October 12, 2018 | 00:18

But higher U.S. interest rates have also helped send emerging market currencies into a tailspin, as countries that borrowed heavily in dollars race to pay back debt. One former Treasury official said while Trump's comments are unusual, they don't appear to be changing the Fed's direction. In a brief interaction with reporters and later in comments to Fox News, Trump said the USA central bank was "too aggressive" in raising interest rates.

by | October 11, 2018 | 21:33

The challenge with finding a replacement chairperson for Tesla's board of directors is that the SEC insists that the chair be independent and not beholden to Musk. "I would still have reservations about the time he would be able to allot to this", Keatinge said . The proposed deal - paying a combined $40 million to resolve claims that Musk misled the public by tweeting about his plan to take Tesla private - includes "significant" penalties and changes at the company that are in the best ...

by | October 11, 2018 | 20:12

Asian markets tumbled on Thursday, after Wall Street slumped on a heavy selling of technology and internet stocks. Shares in Facebook, Amazon , Apple , Netflix and Google's parent company Alphabet - the so-called "FAANG" stocks that have driven U.S.

by | October 11, 2018 | 15:52

A stock market correction is defined as a decline of at least 10% from the high point of the past 52 weeks, suggesting that major United States indices have further to fall. Trump's public criticism of the Federal Reserve, whose chairman, Jerome Powell, Trump appointed, is a sharp departure from his recent predecessors.

by | October 11, 2018 | 10:46

This means Google is now appealing two massive antitrust fines in the EU-the other fine, totalling $2.7 billion , was handed down in mid-2017 as punishment for Google's abuse of its search-engine market dominance. "In this way, Google has used Android as a vehicle to cement the dominance of its search engine". In his response, Pichai argued that users can easily install alternatives to Google's pre-loaded apps, and that not all of its Android partners come with pre-installed Google apps, ...

by | October 11, 2018 | 10:06

The central bank has increased rates three times this year and eight times since the financial crisis. The rise in rates is weighing particularly heavily on areas of the market that had earlier been the biggest winners. "The impact of increasing bond yields is more about comparative performance". Tech is taking its lumps because bond yields have climbed in recent weeks, hovering at a more-than-seven-year high.

by | October 11, 2018 | 10:00

Rising bond yields have been drawing investors out of the stock market, and the best-performing stocks over the past year took some of the biggest losses on Wednesday. Trump's comments echo his previous criticisms of recent months, which broke more than two decades of White House tradition of avoiding comments on monetary policy out of respect for the independence of the US central bank.

by | October 11, 2018 | 04:02

At the same time, the burgeoning trade war between the United States and China has been creating uncertainty on corporate earnings. "Both companies highlighted rising costs, not only input costs but increasing operating expenses [and] marketing expenses", she said.

by | October 11, 2018 | 02:51

I think the Fed has gone insane". Fed Chairman Jerome Powell is aiming to extend the second-longest USA economic expansion on record by moving interest rates up just quickly enough to prevent overheating, but not so rapidly that the central bank chokes off growth.

by | October 11, 2018 | 02:46

Reports circulated that the company is talking to advisers and banks in preparation for a bankruptcy filing. Sears stores at Golden Triangle Mall in Denton and Ridgmar Mall in Fort Worth closed this year. On Tuesday , Sears brought in corporate restructuring pro Alan Carr as a director. Sears did not immediately return Fortune's request for comment on the WSJ report.

by | October 11, 2018 | 01:57

The tech sector was hit hardest, with Netflix down almost 7 per cent, Amazon down 5 per cent and Apple, Google and Facebook all down more than 3 per cent. Technology and internet-based companies are known for their high profit margins, and many have reported explosive growth in recent years, with corresponding gains in their stock prices.

by | October 11, 2018 | 01:45

The fund left its 2018 United States forecast unchanged but cut its expectation for next year, citing the impact of the trade conflict. "Notwithstanding the present demand momentum, we have downgraded our 2019 U.S. The benchmark Shanghai Composite Index has already plunged 17.7 per cent this year, making the Chinese equity market the second worst stock market worldwide, only next to the Greek market, which has fallen 18.4 per cent.