Finance

by | August 05, 2019 | 20:10

The US dollar versus the offshore yuan shot to 7.11 today with the onshore yuan hitting 7.03. China soymeal futures DSMcv1 rose more than 2% and Dalian iron ore futures DCIOcv1 dropped, hitting their weakest level since July, while London copper slumped to its lowest in over two years.

by | August 05, 2019 | 18:41

It's called " currency manipulation", Trump tweeted . The moves emerged within days of Trump's threat to impose additional tariffs on China and struck at the heart of two of the United States president's fiercest criticisms - that Beijing manages its currency unfairly to help exporters and has failed to keep promises to boost purchases of U.S.

by | August 05, 2019 | 14:14

On Friday, the 2nd of August 2019, both USA and United Kingdom crude gained more than 3 percent after witnessing a record intra-day plunge in several years yesterday (August 1st) followed by Trump's 10 percent tariff hike on $300 billion worth of Chinese imports that bolted out of the blue without a single clue and rattled financial markets all over the world.

by | August 04, 2019 | 20:29

The upcoming new credit card which will be released by Apple will come with several restrictions, including one which prohibits cryptocurrency purchases . According to the agreement, any sort of cash advances or its equivalent is completely banned for Apple Card use, which is why buying cryptocurrencies would also be banned.

by | August 04, 2019 | 18:01

Google described the process as being "critical" in creating products like Assistant. "In the case of the Google Assistant , there are now considerable doubts about this". Finally, due regard must be given to the need to protect third parties affected by the recordings. But it insisted that human listeners had access to at most 0.2 per cent of audio data and that the files were not tied to user accounts.

by | August 04, 2019 | 16:56

Unfortunately, job gains in May were revised downward (from 72,000 to 62,000) as were job gains posted in June (from 224,000 to 193,000). The picture for black men, which had looked bad earlier in the year, seems to have improved in this report.

by | August 04, 2019 | 16:12

How does recent data on the US economy compare to what was happening ahead of the rate-cutting campaigns that started in 1995, 1998, 2000 and 2007? In an interview with CNBC on Thursday, Kohn explained that the China-U.S. Arguably, the biggest issue for investors the trade dispute between the United States and China, which entered another phase yesterday as President Trump announced that the United States would slap a 10% tariff on $300 billion in Chinese goods starting September 1.

by | August 04, 2019 | 15:30

The BoE left monetary policy unchanged and it looks like Mark Carney and his company are living in a world of their own as they refuse to see any chance for a hard Brexit, while the central bank also reiterated its stance to raise rates later in the year.

by | August 03, 2019 | 22:59

Market Force, a customer satisfaction company, released its annual look at "America's favorite" fast food chains this week, polling more than 7,600 consumers about their favorite fast foods. And the runner-up was Louisiana-based Raising Cane's, with 78 percent. The scores for these metrics were added up to create a composite loyalty index for each brand.

by | August 03, 2019 | 18:45

The company's acquisition practices are the main focus of the probe, as the FTC looks into Facebook buying technologybased startups to keep them from challenging it, the report said. On your device's home screen, the name for each will mercifully remain the same (for now). The change has been confirmed by the company spokesperson, saying they want to "want to be clearer about the products and services that are part of Facebook ".

by | August 03, 2019 | 08:05

It had raised that rate, which reflects what banks charge each other for loans, in December. The last time the Fed slashed its rates was December 2008, as part of quantitative easing to help stimulate economic growth. Kansas City Federal Reserve Bank President Esther George on Friday said she would support changes in the US central bank's interest rate policy if new data pointed to a weaker economy.

by | August 02, 2019 | 23:27

US President Donald Trump will make an announcement regarding trade with the European Union on Friday (Aug 2), the White House posted on its daily guidance. "We are competing with other.countries that know how to play the game against the USA", the president wrote on Twitter. The beef deal could help alleviate some of the damage to the domestic agricultural industry due to tariffs Beijing has imposed on U.S products in retaliation for USA levies on China.

by | August 02, 2019 | 19:28

With unemployment near 50-year lows, job growth has slowed . The Federal Reserve cut interest rates for the first time in a decade this week, anxious that a slowdown in global growth could dampen the US's economic prospects. The trend in wage gains has slowed from late 2018 when wages were rising at their fastest rate in a decade. The labor market has tightened, to be sure, which is why wage growth continues upward and why July set a new record for the size of the labor force.

by | August 02, 2019 | 14:25

The FTSE 100 and the leading indexes in France and Germany all fell by more than 2% each. That came as their latest round of trade talks ended in Shanghai. "Until such time as there is a deal, we'll be taxing them", Trump told reporters on the White House lawn. USA consumers will likely feel the pain if Trump proceeds with the new tariffs.

by | August 02, 2019 | 02:35

The new tariffs will kick-in on September 1, according to President Trump's tweet. But the new tariffs will hit a vast range of consumer products from cellphones to silk scarves. Mr Trump tweeted that the tariffs applied to "the remaining 300 Billion Dollars of goods and products coming from China into our Country". The measure will hit US consumers far harder than Chinese manufacturers, who produce 42% of apparel and 69% of footwear purchased in the United States, Lamar said.

by | August 01, 2019 | 23:27

Oil is on track for a decline of about 2% this month as concerns about demand overshadow the risk of supply disruptions due to simmering tensions in the Middle East. At 436.5 million barrels, US crude inventories, not including strategic oil reserves, were at the five year average for this time of year, the EIA said.

by | August 01, 2019 | 22:28

The magic ingredient: Soy leghemoglobin, also called "heme", is found in the root nodules of plants and closely resembles hemoglobin, an iron-containing protein found in red blood cells. Restaurants including White Castle and Tim Hortons have been racing to add plant-based foods to their menus as health and environmental concerns mount.

by | August 01, 2019 | 22:18

USA stocks turned lower, while the dollar sank with oil after President Donald Trump said the US will levy a 10 per cent tariff on $300 billion in Chinese goods. The two sides confirmed they had discussed increasing Chinese imports of USA agricultural products, which have fallen dramatically this year, and that they would meet again in September in Washington.

by | August 01, 2019 | 06:37

If you have already asked for cash from the settlement website , it is not too late to take the free credit monitoring instead. In return for leaking highly sensitive personal data on about 147 million consumers, about 45% of the entire United States population, the company will pay at least $575 million.

by | August 01, 2019 | 02:13

More specifically, it estimates it can deploy a 250-MW/1-GWh power plant in less than three months on a three-acre footprint. The project reduced costs by nearly $US40 million during its first year , Tesla says . The 1.2 GWh Californian project will be several times bigger than Tesla's current largest installation. It also helped stabilise the grid following a hot summer of crippling blackouts.

by | August 01, 2019 | 01:37

Yet seen through the lens of the Fed's dual mandate - full employment and stable prices - everything is still humming as the longest expansion in US history enters its second decade, with economic growth steady, unemployment at historic lows and inflation tame.

by | July 31, 2019 | 20:32

It was listed on the New York Stock Exchange (NYSE) in May 2019. Uber CEO Dara Khosrowshahi announced a new centralized structure for the company's marketing team internally, including news of the layoffs on Monday, a company spokesperson said .

by | July 31, 2019 | 20:24

At least that's the suggestion of a recent study that found almost 30% of drivers are snacking from the food they're responsible for delivering. Almost 30% of food delivery app messengers confessed they have snacked on customers' foods and more than 50% admitted that the smell of the food has at least tempted them to take a nibble.

by | July 31, 2019 | 18:59

Boeing's debt could rise above $24B before year-end "as a result of working capital build up related to the 737 MAX grounding, but this will begin to decline once deliveries resume", Fitch Ratings said following Boeing's filing of the bond sale prospectus.

by | July 31, 2019 | 11:56

The broad-based S&P 500 also shed 0.4 per cent to 3,007.77, while the tech-rich Nasdaq Composite Index dropped 0.6 per cent to 8,247.17. The S&P 500 did very little during the day on Monday as we continue to grind around all-time highs.