Markets

by | July 04, 2019 | 20:44

Microsoft recently joined a collation of other tech companies in voicing their distress over the continued tariff war and its effects on the gaming industry. Data center companies such as Quanta Computer, Foxconn Technology, and Inventec have all reportedly moved some production out of China to Taiwan, Mexico and the Czech Republic in order to avoid additional tariffs on their goods, as well as to assuage customer fears over data privacy in the country.

by | July 04, 2019 | 15:23

Vivien Azer, a Cowen analyst, noted that "while we commend Linton for his vision in establishing the world's leading cannabis company, we believe new leadership will be a welcome change". Constellation Brands' CEO Bill Newlands and CFO David Klein serve as members of Canopy's board of directors. The company's surprise announcement came after Canopy last month reported a wider-than-expected fourth-quarter net loss, despite a jump in net revenue that beat market estimates.

by | July 04, 2019 | 13:11

However, there will be enhanced pre-qualification requirements that will significantly narrow the pool of applicants submitting an Expression of Interest to the lottery. Smaller communities will be in the running this round, as the province has chose to remove a stipulation from the previous lottery to limit stores to municipalities with a population of more than 50,000.

by | July 04, 2019 | 11:55

House Democrats are requesting Facebook halt development of its proposed cryptocurrency project Libra, as well as its digital wallet Calibra , until Congress and regulators have time to investigate the possible risks it poses to the global financial system.

by | July 03, 2019 | 23:16

Trump said he would name to the board Christopher Waller, who is executive vice president and research director at the Federal Reserve Bank of St. But Cain withdrew from consideration after allegations of sexual harassment and infidelity, first aired during his 2012 presidential run, resurfaced.

by | July 03, 2019 | 23:11

It's not clear what happened here but it looks like the Trump administration is not done fighting this. The Department of Justice later confirmed the question would not be on the census. It probably means the printing of the Census forms will be delayed. On top of that, there were collateral legal actions set to occur over the summer in two lower courts that were sure to drag out.

by | July 03, 2019 | 21:58

But if you look closely at Trump's statement, it isn't really all that clear. Huawei is on the US Commerce Department's entity list, which effectively bans US companies from selling equipment and components to the Shenzhen-based manufacturer, while Washington has also frozen the company out of the US 5G network.

by | July 03, 2019 | 20:58

Shares of NYSE DB opened at $7.59 on Wednesday. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 2.27. The company has a market capitalization of $15.73 billion, a PE ratio of -759.00 and a beta of 1.51.

by | July 03, 2019 | 20:52

Australia's S&P ASX 200 advanced 0.5% to 6,685.50 and the Sensex in India edged 0.2% higher to 39,910.53. Still, stocks have rallied to push the S&P 500 to a record for a second straight session in the wake of the U.S. However, more impressively, S&P 500 scored back-to-back records as stocks rallied in the last hour of trade. The slide in energy companies and losses in banks and other sectors outweighed gains in communications services, real estate and utilities stocks.

by | July 03, 2019 | 18:12

Louis we're going to fill up with gas because it's 20 cents, at least, a gallon cheaper". Easing global trade tensions over the weekend and an agreement by OPEC to extend oil production cuts combined to send wholesale gas prices higher.

by | July 03, 2019 | 17:55

British service sector activity in June dropped slightly to a three month low, according to a survey published Wednesday by IHS Markit, a London-based global information provider. An index reading of above 50 indicates an overall increase in economic activity and below 50 indicates an overall decrease. "That said, based on past form it still suggests the sector stagnated in Q2 following a 0.4% expansion in Q1".

by | July 03, 2019 | 17:25

The official Purchasing Managers' Index stood at 49.4 in June, unchanged from the previous month and below the 50-point mark that separates growth from contraction on a monthly basis. Chinese exporters have been battered by President Donald Trump's tariff hikes in a fight over Beijing's technology ambitions. China PMI data derail the Chinese Yuan's (CNH) recovery based on the US-China trade truce.

by | July 03, 2019 | 17:21

These delivery delays led some analysts to claim demand for Tesla EVs is waning, leading to downgrades in Tesla's already battered stock price. Meanwhile, Tesla during the June quarter manufactured 87,048 vehicles. Tesla shares surged more than 4% in late trading as of 4:20 p.m. Tuesday in NY. The company said earlier this year that it would turn a profit in the second half of 2019, a delay from earlier projections.

by | July 03, 2019 | 14:11

He was hired as an engineer by the Ford Motor Company, but soon changed into sales, a 'shift that sparked an illustrious beginning for Lee and ushered in monumental achievements for Ford, including the undertaking of the Fairlane committee and the production of the 1964 Mustang, ' according to The Iacocca Family Foundation .

by | July 03, 2019 | 11:25

Economists expect the central bank to continue with rate cuts before the end of the year as projections for GDP growth, inflation and unemployment fall short of targets. "It would be unrealistic to expect that lowering interest rates by one-quarter of a percentage point will materially shift the path we look to be on".

by | July 03, 2019 | 09:02

Here is some recommendation you can refer to in order to get the best of the Prime Day . Click the button below to see all the early deals! This is usually from third-party merchants keen to cater to latecomers. Get ready for a "2-day parade of epic deals!" Inc. announced the launch of early Prime Day promotions on Monday. We'll be sure to highlight the finest Indian Amazon Prime Day 2019 deals for you in our roundup.

by | July 03, 2019 | 08:38

Christine Lagarde called the nomination to succeed Italy's Mario Draghi from November 1 an "honour" and said she would temporarily give up her role at the International Monetary Fund during the nomination process. The former French finance minister has been at the head of the Washington-based institution since 2011. While judges said her failure to contest a €400-million ($592-million) state settlement led to a misuse of public funds, she escaped punishment and the IMF board reaffirmed her ...

by | July 03, 2019 | 08:10

As of this article's writing, everyone knows about the storm now battering the Bitcoin price , as the coin is again trading at under $10,000. The drop saw BTC retrace more than 30 percent of gains from its 17-month high of $13,880 hit on June 26, and more than 60 percent of the four-week rally from lows near $7,500.

by | July 03, 2019 | 04:46

Tusk chairs summits and helps set the EU's political agenda. Merkel said Tuesday that von der Leyen "enjoys great confidence" among European leaders, pointing to her involvement in a North Atlantic Treaty Organisation force in the Aegean Sea during the migrant influx, Germany's help in patrolling the airspace of Baltic countries and her commitment to Europe.

by | July 02, 2019 | 20:57

Michael Joseph, who was appointed as interim chief executive officer of Kenyan telecoms firm Safaricom after its long-time executive Bob Collymore died of cancer, is seen during a news conference at the company's headquarters in Nairobi, Kenya, July 1, 2019.