Markets

by | June 26, 2019 | 20:11

Last week the Fed said almost half of its policymakers think rate cuts could be needed this year. Powell signalled that the course of United States monetary policies - including interest rates, bond purchases, and other tools - still largely depends on the incoming macroeconomic data, but didn't explicitly rule out possible easing due to rising trade risks and a global economic slowdown.

by | June 26, 2019 | 18:57

American Treasury Secretary Steve Mnuchin on Wednesday sounded an upbeat note on the prospects for a US-China trade deal before the end of the year. Eastern Time. The trade war has impacted the Chinese and USA economies, despite both presidents insisting otherwise. Micron said demand should pick up in the second half of the year, noting it has begun selling products to Huawei that Micron has determined are excluded from the Trump administrations' ban on the sale of technology by USA ...

by | June 26, 2019 | 17:09

Ltd., which is one of their biggest customers and a key source of revenue. Analysts were expecting a profit of 79 cents per share. Micron's strong performance for the quarter shows it was able to grow despite bubbling trade tensions between the USA and China.

by | June 26, 2019 | 15:39

Trump even suggested last week that the stock market would be "10,000 points higher" if the Fed did not raise interest rates in December, marking it the fourth hike in 2018 . Powell said on Wednesday that he intends to serve his full four-year term and that "the law is clear" on that issue. The Fed operates independently of the White House, and until last year, presidents over the previous 25 years refrained from commenting on rate decisions.

by | June 26, 2019 | 14:09

Investors are taking note, pouring money into exchange-traded funds backed by gold and boosting their overall positions in US gold futures and options. USA consumer confidence tumbled to a 21-month low in June as households grew a bit more pessimistic about business and labor market conditions amid concerns of an escalation in the trade tensions between the United States and China.

by | June 26, 2019 | 14:02

Not even with a pinch of salt, we proclaim that this pioneer cryptocurrency has been gaining buying momentum ahead of some underlying fundamental driving forces of the entire cryptocurrency gamut, such as SEC's regulatory decisions on BTC ETFs, Bakkt's testing phase of physically deliverable bitcoin futures, etc.

by | June 26, 2019 | 11:55

It is banned in China, Russia and European Union countries, but has been approved for use in the USA and Canada. An investigation found that up to 188 health certificates attached to pork exports to China had been forged. It will be the first time Trump and Xi sit down together since trade talks between the world's two largest economies broke down in May of a year ago.

by | June 26, 2019 | 07:40

Production of the aircraft type will end in 2020. For now, the 375 employees building CRJs at Bombardier's Miarabel, Quebec, facility will be unaffected, though they will be impacted once the current orders are fulfilled. "It generates a return better than we had anticipated and ends the company's exposure in a program which we believe was a drag on earnings", AltaCorp analyst Chris Murray said in a note.

by | June 26, 2019 | 06:42

If a fast, high-performance two-seater is the future of BMW's M division, we're all for it. Under the hood, a turbocharged four-cylinder hybrid powertrain capable of an output of 600 horsepower will deliver top speeds of 186 miles per hour (around 299Kmh).

by | June 26, 2019 | 03:41

The economy is important". Hamas and other Palestinian groups in Gaza have called for more protests to be held on Tuesday evening and Wednesday morning. Jordan and Egypt, the only two Arab nations to have signed peace deals with Israel, were attending but only sent mid-level officials. Even the Arab delegations attending the meeting in Bahrain have couched their participation with reaffirmations of support for an eventual Palestinian state.

by | June 26, 2019 | 02:13

In the conduct and culture report, the FMA and Reserve Bank expressed concerns that sales incentives skewed outcomes for consumers and led to mis-selling. While the second report would assess the effectiveness of ANZ New Zealand's Director's Attestation and Assurance framework, focussing on internal governance, risk management and internal controls.

by | June 26, 2019 | 01:31

Some of those policy makers did in fact advocate for a rate cut at last week's meeting, including St. Louis Fed chief James Bullard and the Minneapolis Fed's Neel Kashkari. "But we won't make mistakes of integrity or character". "The Fed is insulated from short-term political pressures -what is often referred to as our 'independence, '" Powell said in a speech he delivered at the Council on Foreign Relations in NY.

by | June 26, 2019 | 00:42

USA biopharmacy company AbbVie said on Tuesday it had agreed to buy Allergan , the maker of Botox, in a stock and cash operation worth about $63 billion. AbbVie's main areas of expertise are immunology, oncology, virology and neuroscience. Other analysts say the Allergan deal looks more like a cosmetic fix than a long-term solution.

by | June 25, 2019 | 14:29

The summer shopping event feels just as engraved in our brains as Black Friday, so it's always a shocker to remember that Prime Day has only been around since 2015. Renting movies, is as low as $2.99 / £1.99 for Amazon Prime Day subscribers. These products include new headphones, earphones, and budget smartphones.

by | June 25, 2019 | 13:38

They went into detail about Ms Warren's proposed Ultra-Millionaire Tax, which would target the 75,000 richest families in the US. A wealth tax could help address the climate crisis, improve the economy, improve health outcomes, fairly create opportunity, and strengthen our democratic freedoms.

by | June 25, 2019 | 09:38

GOVERNMENT has, with immediate effect, scrapped the multi-currency system in place since 2009 and further criminalised its use alongside the local RTGS$ recently announced as a stand-alone currency. Foreign currency accounts will still be operational in Zimbabwe, states the statutory instrument. We wish to advise that the views, thoughts and opinions expressed in the article concerning SI 142 of 2019 are not a reflection of the views and opinions of Grant Thornton Zimbabwe and its Partners.

by | June 25, 2019 | 05:40

Canopy Growth Corporation ( CGC ) is stock in Healthcare sector that received attractive attention from Investors and traders. However, the Smiths Falls, Ont. They set a "buy" rating and a $40.83 target price for the company. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and ten have assigned a buy rating to the company's stock.

by | June 25, 2019 | 05:24

China's foreign ministry said on Monday that FedEx should offer a proper explanation. The United States and China have been engaged in a trade fight for almost a year on issues such as tariffs, subsidies, technology, regulations and cyber security.

by | June 25, 2019 | 00:46

Here, Caesars Palace is seen hosting a food tasting event in Las Vegas last month. Eldorado will buy Caesars for about $8.5bn in cash and shares , and also take on the firm's huge debt. Its shareholders will wind up with 51 percent of the combined company. Eldorado CEO Tom Reeg similarly expressed optimism regarding the newly-combined company's future.

by | June 25, 2019 | 00:29

In a country where the judiciary and election bodies sit squarely under the Government's thumb, how did Istanbul return such a result, and what does it mean for Mr Erdogan's Turkey? Erdogan also tweeted his congratulations to the CHP candidate.