Finance

by | May 06, 2019 | 23:47

It's possible that Mr. Trump was considering total exports from China past year, which reached $539 billion. Trade war fears have returned to Wall Street, wiping out a chunk of the stock market's recent surge. "Although Trump's strategy is risky, because the Chinese could refuse to negotiate at gunpoint and decide to walk out on the trade talks, both sides have invested too much political capital in the negotiations to let this happen", said Raoul Leering, head of global trade analysis ...

by | May 06, 2019 | 20:59

Wages for production and nonsupervisory workers accelerated to a 3.4% annual pace , signaling gains for lower-paid employees. The non-farm payrolls figure is regarded as the best gauge of how well the world's largest economy is performing, with a big gain indicating strength.

by | May 05, 2019 | 16:55

Investment will probably fall for a few more quarters, but the bank raised its forecast for investment growth through 2021. "We're going through this period of uncertainty in the run up to some resolution around Brexit", the BOE governor told reporters after policy makers unanimously kept rates on hold.

by | May 05, 2019 | 15:40

In a CNBC interview, Warren Buffett , Berkshire Hathaway's ( BRK-B ) chairman, said that the company has been buying Amazon shares ( AMZN ). Taking a question at the 2019 Berkshire Hathaway Annual Shareholders Meeting on how to become a great investor, Munger enlisted the help of Mozart.

by | May 05, 2019 | 15:27

Tesla also released that its cash reserves had fallen to $2. 2 billion , which according to the Wall Street Journal , represents a 40-percent loss over the "previous three-month period". Analysts said last week that the company would probably seek between $ 1 billion and $3 billion dollars, and that it would cost significantly more than it would have a year ago, when some on Wall Street were already calling for a capital raise.

by | May 05, 2019 | 13:59

While operating expense was down by 12 percent, the company managed to invest more than a year ago to boost growth across the business and the big shift from physical to digital all across the bank, it said. HSBC saw some improvement in its merger and equity advisory rankings in the first quarter, according to Refinitiv data. The lender reshuffled its global banking division on April 30 as former JPMorgan banker Greg Guyett put his stamp on the business, which has been under pressure in ...

by | May 05, 2019 | 09:42

According to an InfoWorld report , the new Decision category provides user-specific recommendations for better decision-making. The company says that over 1.3 million developers use Azure Cognitive Services , and it's now announcing a new category called Decision .

by | May 05, 2019 | 09:39

In January , Tyson recalled 36,420 pounds of chicken nuggets after a consumer reported finding rubber in the chicken nuggets. The items were produced on various dates from October 1, 2018 through March 8, 2019 and have "Use By Dates" of October 1, 2019 through March 7, 2020.

by | May 05, 2019 | 07:01

Sinclair was thought to be the front-runner in the race to land the RSNs, which Disney agreed to unload as part of a settlement with the U.S. Department of Justice and other global regulators ahead of its $71.3 billion acquisition of most of Fox .

by | May 05, 2019 | 00:00

It also increased the number of shares it was offering by 10 per cent. They broke the $60 mark before leveling off in midday trading. The company , backed by business and Hollywood celebrities including Microsoft Corp co-founder Bill Gates and actor Leonardo DiCaprio , originally planned for a smaller share sale to raise only US$184 million at the top of a US$19 to US$21 share price range.

by | May 04, 2019 | 10:11

Chair Jerome Powell signaled that the Fed would put rate hikes on hold. Average hourly earnings - which investors were closely watching for signs of inflation - rose by 6 cents to $27.77. CNBC notes, "GDP increased 3.2% during the first quarter, far exceeding expectations, while productivity during the quarter jumped 3.6% for its best gain in five years".

by | May 04, 2019 | 09:29

Previous year in an interview with CNBC , Warren Buffett said: "The truth is that I've watched Amazon from the start and I think what Jeff Bezos has done is something close to a miracle, and the problem is if I think something is going to be a miracle I tend not to bet on it".

by | May 03, 2019 | 13:40

The tweet drew immediate backlash on social media from many critics, including Warren, who saw it as a tone-deaf attack on lower-income Americans. You: why is my balance so low? . Others pointed to the tweet as symptomatic of the times we live in. "Thanks for the feedback Twitter world". The Chase faux pas is a win for online banks, credit unions, and smaller banks, espeically when it comes to attracting younger clientele.

by | May 02, 2019 | 23:11

The decision comes amid controversy over Moore's past writings about women. So barely two weeks after Romney became the first GOP Senator to oppose Herman Cain's nomination to the Federal Reserve, the 2012 Republican nominee is credited - or blamed -for forcing both Cain and now Moore to pull out of running for the Fed.

by | May 02, 2019 | 21:55

In the scripted tweet , a bank customer asks why their balance is low, with Chase chastising the customer for making everyday purchases like coffee, lunch, and cab fare. "Instead, average consumers are prompted to blame themselves for indulging in trivial luxuries". They posted a # MondayMotivation tweet and then pulled it after backlash.

by | May 02, 2019 | 20:28

The decision to raise capital comes almost a week after the company announced a $702 million first quarter loss. In first-quarter results that disappointed many on Wall Street last week, Musk promised the company would deliver a profit again by the third quarter of this year, but the company's huge investments mean it is leaking cash swiftly.

by | May 02, 2019 | 20:15

FB5 is the fresh design from Facebook that will come right away in the app and within the next months in the desktop version. "I get that a lot of people aren't sure that we are serious about this", he continued, finally getting a laugh from the crowd.

by | May 02, 2019 | 19:26

United States tech giant Apple is set to pay chip supplier Qualcomm $4.5-4.7 billion under a recent settlement that ended the lengthy legal battle between the two companies. Qualcomm reported revenue of $5 billion in the recently ended quarter, while its forecast for the current quarter was from $9.2 billion to $10.2 billion in revenue.

by | May 02, 2019 | 17:43

Analysts polled by FactSet anticipated earnings of $37.3 billion. First quarter revenues in 2018 grew 26%. Sound Income Strategies LLC raised its stake in shares of Alphabet by 71.4% in the fourth quarter. ENERGY: Benchmark U.S. crude gave up 25 cents to $63.66 per barrel in electronic trading on the New York Mercantile Exchange while Brent crude, the worldwide standard, rose 4 cents to $72.10 per barrel.

by | May 02, 2019 | 16:55

Huang's family members told reporters that he'd mention how his vehicle would swerve toward the barrier while on Autopilot, and a year ago his brother said Huang complained to the Tesla dealership about it, according to Engadget . The State of California Department of Transportation is also named as a defendant for failing to fix or restore a crash attenuator that had been damaged in a collision a week before Huang's crash.

by | May 02, 2019 | 13:59

And on Monday, he's taking a walking tour at Yosemite National Park before holding a climate change roundtable at Modesto Junior College. The net-zero goal in O'Rourke's and other climate plans means reducing carbon dioxide and other greenhouse gas emissions 100 percent or offsetting them by as much as is emitted.

by | May 02, 2019 | 07:13

Chevron is now one of the largest oil companies in the world, with twice the liquidity of Anadarko, which means that it doesn't any help from investors to complete the acquisition. Chevron was up 3.1 per cent. Berkshire already holds interests in the energy sector, including several major utilities like PacifiCorp, MidAmerican Energy and NV Energy.

by | May 02, 2019 | 06:58

The data came as new evidence of continued growth impetus, following a better-than-expected 6.4-percent GDP increase in the first three months, flat with expansion in the previous quarter. Manufacturing accounts for almost 30% (link in Chinese) of China's gross domestic product (GDP). While new factory orders remained sluggish, there were some encouraging signs on the export front.

by | May 02, 2019 | 03:39

According to the API report , U.S. crude stocks were up by 6.8 million barrels during the week ending April 26. Prices in April were the calmest since August. Capital Economics analyst, Caroline Bain, says the elimination of logistical bottlenecks and prevailing high prices are likely to encourage more US drilling.

by | May 02, 2019 | 02:05

It looks like Marriott is not targeting the affordable accommodation sector, however, so Airbnb's bread-and-butter, low-cost short-term rental business is likely to be unaffected. But it says it can offer a standard of service and a loyalty rewards program that Airbnb can't match. Marriott told the Times that it will also offer vacation experiences and activities through the rental, all through the ecosystem of Marriott points.