Powell: US economy and banks seem sturdy but face some risks

Yields on shorter-dated US government bonds fell on Wednesday afternoon, steepening the yield curve, after Federal Reserve Chair Jerome Powell delivered a speech in which he signaled that an end to the bank's interest-rate hike cycle may be clo... More..

by | Published more than a month ago
Powell's Dovish Remarks Were A Plus, But There's Still More To Come
by | Saturday, December 01, 2018

Powell's Dovish Remarks Were A Plus, But There's Still More To Come

The minutes showed a couple of participants felt the benchmark fed funds rate "might now be near its neutral level and that further increases in the federal funds rate could unduly slow the expansion of econo...More..

Crude Market: Oil dips below $50 on output doubts
by | Saturday, December 01, 2018

Crude Market: Oil dips below $50 on output doubts

November still marks the largest one-month drop for oil since the financial recession ten years ago, having lost about 22 percent so far. A steady rise in crude supply from the United States, now the world's ...More..

Microsoft HoloLens gets US$480M contract for special combat variant
by | Friday, November 30, 2018

Microsoft HoloLens gets US$480M contract for special combat variant

This new work extends our longstanding, trusted relationship with the Department of Defense to this new area ", a Microsoft spokesman said in an emailed statement. The government contract is asking Microsoft ...More..

Trump warns Apple iPhones could face 10% tariff, shares sink
by | Wednesday, November 28, 2018

Trump warns Apple iPhones could face 10% tariff, shares sink

His aides, however, have reportedly suggested that those items be exempt from the tariffs in fear of consumer reaction. When the WSJ asked if that includes handsets like the iPhone as well as notebook compu...More..

Local lawmakers call idling of GM Lordstown plant a new 'Black Monday'
by | Wednesday, November 28, 2018

Local lawmakers call idling of GM Lordstown plant a new 'Black Monday'

General Motors announced Monday that Lordstown, along with several other plants of operation, will remain " unallocated " meaning they won't receive any new product. GM will discontinue the Cruze in the U.S. ...More..

General Motors slashes 14000 jobs, seven factories
by | Tuesday, November 27, 2018

General Motors slashes 14000 jobs, seven factories

Fiat Chrysler Automobiles got out of small and midsize cars two years ago, while Ford announced plans to shed all cars but the Mustang sports auto in the U.S. The company last month offered voluntary buyouts...More..

WSJ report: USA urging allies to avoid using Huawei equipment
by | Sunday, November 25, 2018

WSJ report: USA urging allies to avoid using Huawei equipment

The battle begun in 2012 when U.S. policymakers considered both Huawei and ZTE to be threats for National Security. While the USA has banned Huawei equipment from being used in government equipment, the c...More..

United States stocks trade higher amid tech rebound, data
by | Friday, November 23, 2018

United States stocks trade higher amid tech rebound, data

Electronic screen shows the closing numbers of stock market at the New York Stock Exchange in New York, the United States, Nov. 20, 2018. The S&P 500 index of technology companies has plunged 13.1% since th...More..

Nissan Shouldn't Have Sold Bonds Amid Ghosn Probe, Investors Say
by | Wednesday, November 21, 2018

Nissan Shouldn't Have Sold Bonds Amid Ghosn Probe, Investors Say

The board appointed Renault Chief Operating Officer Thierry Bollore as deputy CEO with the same powers as Ghosn. French officials have mobilised to defend the alliance since Ghosn's surprise arrest in Jap...More..

Oil prices slip amid broad market sell-off that outweighs expected OPEC cuts
by | Wednesday, November 21, 2018

Oil prices slip amid broad market sell-off that outweighs expected OPEC cuts

EST Brent crude front-month prices fell 1.2 percent to $65.95 per barrel, while WTI front-month was 1.1 percent lower to $56.06 per barrel, partly recovering from deeper declines earlier in the session. Fiona C...More..

Nissan says CEO Carlos Ghosn lied about salary, misused company money
by | Tuesday, November 20, 2018

Nissan says CEO Carlos Ghosn lied about salary, misused company money

But the group now looks troubled after Japanese police reportedly arrested Ghosn on suspicion he failed to report his full compensation to stock market authorities as chairman of Nissan. Kyodo reports Ghosn'...More..

Amazon’s massive Black Friday sale officially starts right now
by | Sunday, November 18, 2018

Amazon’s massive Black Friday sale officially starts right now

And though Black Friday doesn't officially start until November 23, there are already lots of laptop sales trickling in. Looking to save big bucks on Black Friday? All shipping will be free during the Bl...More..

Brexit deal: May fights for survival as Tory civil war looms
by | Friday, November 16, 2018

Brexit deal: May fights for survival as Tory civil war looms

Ester McVey, the secretary of state for work and pensions, has resigned from her post in protest at May's Brexit plan. Sterling had stolen the limelight overnight after a rash of resignations rocked Prime...More..

More Evidence Emerges of Soft iPhone Sales
by | Wednesday, November 14, 2018

More Evidence Emerges of Soft iPhone Sales

TF International Securities analyst Ming-Chi Kuo had similar observations in a note released on Monday. Japan's Nikkei reported earlier this month that Apple had told its smartphone assemblers Foxconn and P...More..

Google CEO announces new action plan following Andy Rubin fiasco
by | Monday, November 12, 2018

Google CEO announces new action plan following Andy Rubin fiasco

In a move toward more transparency, Pinchai said Google will provide more details about sexual misconduct allegations in internal reports made available to all employees. Google has been able to keep its c...More..

Australian Chosen To Replace Elon Musk As Tesla Chairman
by | Friday, November 09, 2018

Australian Chosen To Replace Elon Musk As Tesla Chairman

Under the settlement , Tesla also is required to appoint two new independent directors , and it must review the sometimes-erratic Musk's posts about the company on Twitter . Denholm, who has an undergradua...More..

All eyes on election results - Nomura
by | Wednesday, November 07, 2018

All eyes on election results - Nomura

Earlier in the day, Trump said during a tele-town hall organized by his re-election campaign that the media would treat the midterm results as a referendum on his presidency. But he conceded on Monday the...More..

Networks declare Democrats will capture the House of Representatives
by | Wednesday, November 07, 2018

Networks declare Democrats will capture the House of Representatives

Ted Cruz eked out a victory over Rep. Beto O'Rourke. Rep. Tim Ryan of OH, who challenged Pelosi unsuccessfully in 2016, has left the door open to the possibility of challenging the Democratic leader again, wh...More..

Lowe’s closing underperforming stores, including 1 in MA
by | Monday, November 05, 2018

Lowe’s closing underperforming stores, including 1 in MA

The chain also intends to close 20 stores in the United States. Lowe's will offer affected employees the opportunity to transfer to similar roles at nearby stores. Most stores will jump into closing sales in ...More..

by | Monday, November 05, 2018

"Watch What We Do": Pompeo Dodges India, China Questions On Iran Oil

On Saturday, US Secretary of State Mike Pompeo said the decision to reimpose sanctions was "aimed at fundamentally altering the behavior of the Islamic Republic of Iran". The UK, Germany and France - which ar...More..

Amazon is now offering free shipping for all holiday orders
by | Monday, November 05, 2018

Amazon is now offering free shipping for all holiday orders

Prime account holders will receive free same-day delivery instead of two-day shipping on eligible items. One analyst, Colin Sebastian of Baird Equity Research, said the offer could shave 5 percent to 6 percent ...More..

by | Saturday, November 03, 2018

Donald Trump Expects "Very Good" Trade Deal With China

In recent months China has repeatedly questioned the US's sincerity in trade talks, wary of agreeing to something only to have Trump change his mind. Officials are working to resolve differences ahead of upco...More..

Brent oil dips on rising supply, global market woes
by | Friday, November 02, 2018

Brent oil dips on rising supply, global market woes

Even with USA sanctions on Iranian exports due to come into force on November 4, oil prices have fallen about $10 a barrel since four-year highs reached in early October. In North America, however, there is no ...More..

Editor's Take | India's surge on Ease of Doing Business Ranking
by | Friday, November 02, 2018

Editor's Take | India's surge on Ease of Doing Business Ranking

Pakistan moved from 147 to 136, Adviser to the Prime Minister on Commerce, Textile, Industries and Investment Razzak Dawood announced at a press briefing held by Board of Investment (BOI). With 6 reforms each, ...More..