Markets

Markets Trump Watches Sumo Match on Japan State Visit
Author: 0 Trump Watches Sumo Match on Japan State Visit

The United States and China are engaged in an expensive trade war that has pounded financial markets worldwide. Later in the day, Abe was expected to introduce Trump to Japan's ancient sport of sumo wrestling. The prime minister caters to the president's preferences. Sitting at the counter in front of a few dishes, Trump told the press they talked "a lot today about trade and military and various other things", describing the day as "very productive" and expressing confidence that would ...

Markets Musk says Tesla on pace of record quarter in leaked email
Author: 0 Musk says Tesla on pace of record quarter in leaked email

Which is perhaps why Tesla's tweets have been noticeably more bonkers than usual over the past fortnight - has Adam perhaps been doing a little probationary period to see if he can handle the stresses of putting out content to Tesla's 3.76m obsessive Musk fans? The larger takeaway from all of this Tesla hoopla is that demand , contrary to some analyst opinions, does not appear to be a huge issue for the company.

Markets Audi kills TT as it bids to become premium EV leader
Author: 0 Audi kills TT as it bids to become premium EV leader

We've reached out to Audi to learn when the current TT will end production, and whether the sporty electric auto that replaces it will revive the TT nameplate. This decision is a effect of Audi's desire to "concentrate maximum resources on key projects" and reduce complexity across the model ranges. Power was up, too, and the car's footprint increased as well.

Markets ARM axes Huawei too; massive blow to the company
Author: 0 ARM axes Huawei too; massive blow to the company

Industry experts have called out Huawei for its claims it could ensure a steady supply chain without USA help, saying the technology it buys from American companies would be "hard to replace". This came from Paulo Trezentos, the founder of Aptoide as he himself claimed that he has met up with a senior Huawei personnel in Shenzhen, China. Huawei commented briefly on the matter, saying it was confident it could resolve the problem.

Markets China-US Trade War: How do the tariffs work?
Author: 0 China-US Trade War: How do the tariffs work?

The United States is seeking sweeping changes to China's trade and economic policies, including an end to forced technology transfers and theft of USA trade secrets. Of the nearly 250 respondents to the survey, which was conducted after China and the United States both raised tariffs on each other's imports earlier this month, nearly three-quarters said the impact of tariffs was hurting their competitiveness.

Markets ARM No Longer In Business With Huawei Either
Author: 0 ARM No Longer In Business With Huawei Either

Arm's severing of ties cuts deeper than similar actions from Intel , Qualcomm , Broadcom , Qorvo, Xilinx , Infineon, Micron, and Western Digital, as Arm-licensed designs are used across a number of business units at Huawei, including their server equipment and telecommunications divisions, which utilize Arm-powered processors produced by HiSilicon.

Markets US delay to Huawei ban gives tech sector time to adjust
Author: 0 US delay to Huawei ban gives tech sector time to adjust

Google recently cut off Huawei's Android license in accordance with a Trump administration order that restricts United States companies from selling components and software to the Chinese smartphone maker. The license also allows Huawei to engage in the development of standards for fifth-generation (5G) telecom networks. That faces uncertainty now that US companies may be restricted from contributing to it.

Markets Ajit Pai oks T-Mobile/Sprint merger,
Author: 0 Ajit Pai oks T-Mobile/Sprint merger, "requires" 5G rollout that’ll happen anyway

While Pai's backing is key to the deal, further steps remain. As has become the norm at the federal regulator, the decision appears to have been made exclusively by the chairman of the FCC , Ajit Pai, who posted a statement on Monday morning arguing that new commitments made by the two companies about 5G deployment and rural wireless access were sufficient for approval.

Markets Trump's China Trade Talks Head for Stalemate As Trust Fades
Author: 0 Trump's China Trade Talks Head for Stalemate As Trust Fades

The president has been using tariffs like a cudgel to force China to the negotiating table. The Trump administration's previous decision to impose 10 percent tariffs on $200 billion of Chinese imports and 25 percent on another $50 billion worth was followed by Chinese countermeasures, with Beijing targeting $110 billion of Chinese imports.

Markets U.S. assessment blames Iran for Saudi tankers attack
Author: 0 U.S. assessment blames Iran for Saudi tankers attack

Al-Falih also stressed that export and extraction of oil had not been halted, the agency reported. Saudi Arabia and the United Arab Emirates intervened in the Yemen war to bolster the internationally-recognised government's efforts against the Huthis in March 2015.

Markets Trump order clears way for barring Huawei from U.S. telecommunications networks
Author: 0 Trump order clears way for barring Huawei from U.S. telecommunications networks

Furthermore, concerns about Chinese law requiring Huawei to cooperate with China's intelligence agencies were simply hype. In January, the administration was preparing the action, which could significantly restrict Chinese state-owned telecom companies from operating in the USA over national security concerns, people familiar with the matter said at the time.

Markets U.S. stocks bounce back as trade rhetoric cools
Author: 0 U.S. stocks bounce back as trade rhetoric cools

The Dow Jones Industrial Average rose 207.06 points, or 0.82 per cent, to 25,532.05, the S&P 500 gained 22.54 points, or 0.80 per cent, to 2,834.41, and the Nasdaq Composite added 87.47 points, or 1.14 per cent, to 7,734.49. In company news, shares of Ralph Lauren Corp. fell 1.1% even after the clothing retailer's earnings and revenues beat Wall Street expectations.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move.

Markets USA court allows lawsuit on Apple’s App Store monopoly
Author: 0 USA court allows lawsuit on Apple’s App Store monopoly

In so doing, the justices disagreed with Apple's defense, which sought to portray the company as a mere intermediary between consumers and app developers. The latest decision by the Supreme Court does appear to be merely a procedural win, but the fact that the case will move forward could eventually have significant implications for the App Store.

Markets Jury awards couple $2B in Roundup weedkiller cancer case
Author: 0 Jury awards couple $2B in Roundup weedkiller cancer case

It awarded $18 million in compensatory and $1 billion in punitive damages to Alva Pilliod, and $37 million in compensatory and $1 billion in punitive damages to his wife, Alberta Pilliod. Bayer released the following statement in reaction to a jury verdict in favor of the plaintiffs in the case of Pilliod v. Monsanto, a trial conducted before Judge Winifred Smith in the Superior Court of the State of California for the County of Alameda.

Markets Yemeni Armed Drones Attack Saudi Oil Pipeline
Author: 0 Yemeni Armed Drones Attack Saudi Oil Pipeline

Four ships - two Saudi, one Norwegian and one Emirati - were damaged on Sunday off the coast of the United Arab Emirates ( UAE ) in what Emirati officials described as acts of sabotage near the port of Fujairah . Brent crude futures were at $70.79 a barrel at 1035 GMT, up 56 percents or 0.80%. Saudi Arabia called the attack an act of sabotage. Trump dismisses NYT report about his plan for war with Iran involving 120k troops: "I think it's fake news.

Markets Oil prices up as Middle East tanker attacks heighten supply concerns
Author: 0 Oil prices up as Middle East tanker attacks heighten supply concerns

Fujairah's port is located about 140km from the Strait of Hormuz, through which one-third of all oil at sea is traded. Saudi Energy Minister Khalid al-Falih said in a statement that one of the two Saudi vessels attacked was on its way to be loaded with Saudi crude from Ras Tanura port for delivery to state-owned Saudi Aramco's customers in the United States .

Markets NYT Gets Trump's Tax Docs: 'Decade In The Red'; Trump Responds
Author: 0 NYT Gets Trump's Tax Docs: 'Decade In The Red'; Trump Responds

Trump also used this very real social capital to move ever more aggressively into real estate in the '80s and '90s-despite simultaneously sacrificing more money to the real estate gods than any other business in America in 1990 and 1991. "Much was non monetary". In 1990 and 1991, Trump's core business losses were more than $250 million each year - more than double those of the closest taxpayers in those years, the Times reports.

Markets China makes statement on US planned measures to raise tariffs
Author: 0 China makes statement on US planned measures to raise tariffs

Another round of negotiations is slated to begin in Washington on Thursday. In the United States the S&P 500 fell for the fourth session in five days, declining by as much as 2.1%. Investors and analysts questioned whether Trump's tweet was a negotiating ploy to wring more concessions from China. Whether China's delegation intends to cut a deal while in the USA remains to be seen, as Trump says.

Markets Oil Prices Rise as Stockpiles Plummet
Author: 0 Oil Prices Rise as Stockpiles Plummet

The Trump administration is poised to tell five countries, including allies Japan, South Korea and Turkey, they will no more be exempt from us sanctions should they continue to import oil from Iran , officials said Sunday. S&P Global Platts Analytics forecasts for Iranian crude and condensate exports to fall below 500,000 barrels per day in the second half of this year, from 1.3 million barrels per day in the first quarter 2019.

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