Markets

Markets Twitter running Chinese-backed ads against Hong Kong protesters
Author: 0 Twitter running Chinese-backed ads against Hong Kong protesters

It's basic human rights. "We simply must soldier on", she told CBC News. YouTube did not immediately respond to a request for comment on Monday on whether it had detected inauthentic content related to protests in Hong Kong . As torrential rain lashed the city on Sunday afternoon, organisers said more than one million protesters flooded into Victoria Park in downtown Causeway Bay and spilled into surrounding highways and roads.

Markets Leaked UK memos warn of food, drug shortages in Brexit chaos
Author: 0 Leaked UK memos warn of food, drug shortages in Brexit chaos

There would likely be some form of hard border imposed on the island of Ireland, the document implied. Senior officials there believe widespread checks will be necessary as current plans to avoid them will prove "unsustainable". The EU struck a withdrawal agreement with Johnson's predecessor, Theresa May, but it was rejected three times by Britain's parliament. He is expected to push for fresh negotiations over the terms of Brexit or warn that the European Union faces Britain ...

Markets Dow Crashes 660 Points as Bond Yield Inversion Ignites Wall Street Panic
Author: 0 Dow Crashes 660 Points as Bond Yield Inversion Ignites Wall Street Panic

The yield curve inversion does not tell us anything about what might be the specific reasons for any impending recession. "We have regional bonfires in Hong Kong, Argentina, Japan against South Korea, and none of these are going away easily; each and every one is not necessarily strong enough to cause trouble".

Markets Stocks move higher to end turbulent week
Author: 0 Stocks move higher to end turbulent week

The Dow Jones Industrial Average (DJIA) was down 800 points, NASDAQ down over 240 points, and the S&P 500 dropping 85 points. Losses accelerate throughout the day with the Dow closing 800 points lower, or 3%. JPMorgan Chase rose 2.4% and Bank of America rose 2.9%. Mr Trump also criticised the Federal Reserve for hamstringing the United States economy by raising rates "too much & too fast" a year ago and not reversing its policy aggressively enough - the Fed cut its key rate by a ...

Markets New Look For Cigarettes? FDA Proposes Graphic Warnings On Packages And Ads
Author: 0 New Look For Cigarettes? FDA Proposes Graphic Warnings On Packages And Ads

Despite the statistics, an estimated 34.4 million USA adults and an additional 1.4 million US youths are active smokers. When finalized, this rule would fulfill a requirement in the Family Smoking Prevention and Tobacco Control Act and complement additional important work the FDA is undertaking to advance the health of America's families.

Markets Stocks up early, day after big drop; global stocks lower
Author: 0 Stocks up early, day after big drop; global stocks lower

An inversion like the one taking place Wednesday has preceded the last nine recessions dating back to 1955, though it doesn't always mean recession is imminent, as in 1966 when no recession formed after an inversion. European markets fell after Germany's economy contracted 0.1% in the spring due to the global trade war and troubles in the auto industry. And while analysts concerns are certainly worth heeding, moves in the stock market-from investors-tend to tell a more concrete story.

Markets President Trump,
Author: 0 President Trump, "Fed Behind Market Turmoil, Not Trade War"

China is not our problem, though Hong Kong is not helping. US allies such Germany and New Zealand have recently made significantly more aggressive rate cuts. Or if the Fed appears to be in denial about the need to cut rates sharply but is expected to figure it out sooner or later, that's another reason long-term yields would fall.

Markets Facebook transcribed users' audio and passed it on
Author: 0 Facebook transcribed users' audio and passed it on

But the company doesn't disclose in its data-use policies that it collects audio from users or that it sends such data to human transcribers, Bloomberg reported. One transcriber described some conversation as being filled with " vulgar content", and even wondered why Facebook would even want it. Facebook says its " systems automatically process content and communications you and others provide to analyse context and what's in them".

Markets Hong Kong airport cancels flights over protest
Author: 0 Hong Kong airport cancels flights over protest

One female protester was seen being treated by paramedics, after she was hit in the face by a beanbag round. China's civil aviation authority, or CAAC, issued a swathe of demands on Friday to Hong Kong's dominant airline, an indication that Beijing is prepared to take action against corporations seen as supporting - or at least tolerating - staff participation in the city's long-running protests .

Markets Saudis contact oil firms in response to seven-month low
Author: 0 Saudis contact oil firms in response to seven-month low

But as Washington and Beijing hit one another with increasingly punishing trade tariffs, putting a dampener on economic growth in the world's two biggest oil consumers, the market's hopes for a recovery are dimming. Despite the daily advance, it's hard to ignore crude's plummet this week due to growing fears that the trade spat between the US and China will expand into a currency war.

Markets Trump 'not thrilled' with strong USA dollar, says it hurts manufacturing
Author: 0 Trump 'not thrilled' with strong USA dollar, says it hurts manufacturing

Trump, speaking to reporters at the White House, said a strong us dollar was hurting American manufacturers and that the Fed needed to lower rates further despite its cutting rates last month for the first time since 2008. Four former Fed chiefs called for keeping the Fed independent from short-term political interference. "That can lead to unstable financial markets and worse economic outcomes".

Markets Trump says U.S. won't do business with Huawei
Author: 0 Trump says U.S. won't do business with Huawei

The ongoing impasse highlights a lack of trust between both sides, which will likely further complicate the process to reach an agreement. "If there was any doubt, President Trump has clearly moved from trade wars to currency wars ", said Harvinder Kalirai, chief fixed income and FX strategist at Alpine Macro, in a note.

Markets Walmart asks employees to pull violent video game signage from stores
Author: 0 Walmart asks employees to pull violent video game signage from stores

Meanwhile, a petition started by a junior Walmart worker in California to protest the retailer's sale of firearms has gathered more than 50,000 signatures. Some Walmart employees have voiced their concerns about the store's gun sales. The company has come under increasing pressure to act in the past few days.

Markets China continues oil imports from Iran to show independence from U.S. sanctions
Author: 0 China continues oil imports from Iran to show independence from U.S. sanctions

The EIA earlier this week reduced its forecast USA demand for crude and liquid fuels, expecting it to rise 210,000 barrels per day (bpd) this year - 40,000 bpd lower than its forecast last month. Energy Information Administration (EIA) said. Both crude contracts fell to their lowest since January on Wednesday after the U.S. Energy Information Administration said U.S.

Markets US Federal Reserve Eyes Real-Time Payments
Author: 0 US Federal Reserve Eyes Real-Time Payments

In 2017, The Clearing House , a consortium of large banks, created its own real-time payments system. Already, several banks are fighting the FED, which some lawmakers have joined, including Democratic Senators Elizabeth Warren and Chris Van Hollen.

Markets Walmart Doesn't Intend to Limit Gun, Ammo Sales After Shooting
Author: 0 Walmart Doesn't Intend to Limit Gun, Ammo Sales After Shooting

A police officer stands next to a police cordon after a mass shooting at a Walmart in El Paso, Texas , U.S. August 3, 2019 . Walmart announced in 2015 that it would stop selling AR-15 and other semi-automatic rifles, and in February 2018, following the shooting at Marjory Stoneman Douglas High School in Parkland, Fla., where 17 students and staff members were killed, Walmart was among multiple chains that announced it would raise the minimum age to purchase firearms to 21.

Markets United States stocks claw back lost ground as China stabilizes currency
Author: 0 United States stocks claw back lost ground as China stabilizes currency

That plunge was followed by the Dow's second worst day on February 8, 2018, when it sold off 1,032.89 points. A government report suggesting a cooling US job market kept bond yields in check after an early gain. The biggest threat coming out of the past week, he said, is that all the uncertainty about trade will scare CEOs and shoppers away from spending. That would threaten the expected ramp up in growth that economists have been expecting to see later this year.

Markets Stock Futures Plummet as China Devalues Yuan
Author: 0 Stock Futures Plummet as China Devalues Yuan

The sharp drop in oil prices should be especially ominous for the president - that's the market saying that what he and Xi are doing is expected to cause real harm to global demand and output (that's why oil's getting cheaper: fewer people are expected to want to buy it).

Markets Facebook plans to put its name on Instagram, WhatsApp
Author: 0 Facebook plans to put its name on Instagram, WhatsApp

Now, two of the company's most significant purchases will have Facebook stamped right onto their names. Instagram has become especially important in adding to Facebook's revenue as the app largely stayed out of its parent's privacy scandals , and it pulls in younger consumers at a much faster rate, attracting more advertisers.

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