Markets

Markets U.S. Issues Sanctions Against Turkey Over Detention of American Pastor
Author: 0 U.S. Issues Sanctions Against Turkey Over Detention of American Pastor

The White House announced that the U.S.is imposing sanctions on Turkey's minister of justice and minister of the interior over their country's treatment of the Rev. The Turkish Foreign Ministry said in response to the sanctions that the United States was trying to interfere in the Turkish judicial process. US officials, for their part, show no inclination to accede to their North Atlantic Treaty Organisation ally's demand, either.

Markets Chinese factory rushing to make Trump's 2020 banners in fear of tariffs
Author: 0 Chinese factory rushing to make Trump's 2020 banners in fear of tariffs

Dow Jones was down 130 points in pre-market trading. In return for the talks and a suspension of auto tariffs, the European Union will import more soybeans and energy from the United States. In Europe, alarm bells have been sounded over China's growing economic influence there. Even though it was meant to be directed at China, it affected other trading partners, including Canada, Mexico and the EU.

Markets Apple closes in on becoming the world's first US$1 trillion company
Author: 0 Apple closes in on becoming the world's first US$1 trillion company

Analysts are predicting iPhone sales to be up slightly on a year ago, but revenue to rise further thanks to the higher price of the iPhone X , which Apple said, when announcing its last set of results , was its best-selling phone. But several of Apple's services do not face strong rivals. Billions of dollars that Apple has been spending to buy back shares could help propel the company past the one-trillion-dollar mark for market value.

Markets Facebook is sued after stock plunge 'shocked' market
Author: 0 Facebook is sued after stock plunge 'shocked' market

The lawsuit seeks class-action status and unspecified damages. Late Wednesday, Facebook warned that its revenue growth will slow down significantly for at least the remainder of the year and that expenses will continue to skyrocket. In after-hours trading, its share price fell as low as 24 per cent. Last week had not been good for one of the most popular social media company, Facebook as it released biggest drop in its share prices in one single session.

Markets Amazon beats on profit, disappoints on revenue
Author: 0 Amazon beats on profit, disappoints on revenue

Inc. ( AMZN .O) reported better-than-expected earnings in the second quarter and forecast more of the same in the current period, igniting investor optimism about cloud computing, advertising and other businesses that are more profitable than its main online retail operation.

Markets To fix reputation, Twitter, Facebook incur investor wrath
Author: 0 To fix reputation, Twitter, Facebook incur investor wrath

As captured in a letter from Twitter to its shareholders:"As a result of our health work, decisions not to renew or move to paid SMS carrier relationships in certain markets, and our decision to allocate resources towards GDPR and health, MAU could decline on a sequential basis in Q3, based on our current level of visibility, we expect the decline to be mid-single-digit millions of MAU".

Markets Facebook market value plunges $119 billion
Author: 0 Facebook market value plunges $119 billion

He was listed Thursday as $81.9 billion poorer than Jeff Bezos , who still hold the top spot on that list. What drove the selloff: Investor concern about Facebook's growth cooling down. Analysts were expecting $2.1 billion, according to Thomson Reuters . Normally, a drop that steep in a company so high profile would bring out bargain hunters, investors who see the opportunity for a quick profit in a popular stock.

Markets Trump says US, EU reach agreement to work toward 'zero tariffs'
Author: 0 Trump says US, EU reach agreement to work toward 'zero tariffs'

If not, the European Commission is preparing quite a long list of many American products. "It would be around $20 billion". U.S. Steel has credited Trump's decision to impose tariffs on steel and aluminum imports for its decision in March to fire up a local furnace that had sat idle for more than two years.

Markets Touting EU deal, Trump claims Europe now 'open' to USA farmers
Author: 0 Touting EU deal, Trump claims Europe now 'open' to USA farmers

Juncker said the two sides agreed that as long as they were negotiating on trade, they would hold off on further tariffs, including potential U.S. tariffs on cars and auto parts. GM is only the latest company to blame lower-than-expected profits on either the Trump administration's tariffs or on tariffs that other nations have imposed in response to the Trump administration's tariffs.

Markets Facebook opening $30M subsidiary in China
Author: 0 Facebook opening $30M subsidiary in China

A notice published on China's National Enterprise Credit Information Publicity System listed the company as Facebook Technology (Hangzhou) Co., Ltd., and noted that it is wholly owned by Facebook Hong Kong Limited. Don't expect China to ease restrictions on Facebook just because it has opened up a $30 million subsidiary. Oculus, Facebook's virtual reality company, has a Shanghai office, and the company is interested in China for its growing hardware ambitions.

Markets Facebook Crashing: Company Loses $150 Billion as User Growth Slows
Author: 0 Facebook Crashing: Company Loses $150 Billion as User Growth Slows

Investors were spooked by Facebook's forecast showing that its number of active users is growing less quickly than expected, while the company also took a hit from Europe's new privacy laws. "It wouldn't be surprising if a couple million very irritated Brits left Facebook ", says Brian Wieser, analyst with Pivotal Research. The drop in European visitors was potentially due to the continuous revelations highlighted there about Facebook's breaches and weaknesses, and the implementation ...

Markets Oil rises on U.S.-Iran tension
Author: 0 Oil rises on U.S.-Iran tension

A senior Iranian military commander said on Thursday Donald Trump should address any threats against Tehran directly to him and he mocked the U.S. Energy Department data will follow on Wednesday. "You are beginning to see the economic impact, combined with understandings inside of Iran of the Kleptocracy that it is, leading to fundamental decisions that the Iranian people will ultimately have to make", he told lawmakers.

Markets China’s Xi promises $14.7 billion of investment during South Africa visit
Author: 0 China’s Xi promises $14.7 billion of investment during South Africa visit

US President Donald Trump has imposed billions of dollars of tariffs on Chinese goods to retaliate for what he says are unfair practices that have resulted in a huge trade imbalance. "They come with the national interests of their countries". Sreeram Chaulia, of the Jindal School of International Affairs outside Delhi, told AFP that BRICS leaders "concur that the United States has unleashed punitive trade wars that are hurting all the BRICS members".

Markets Jackpot Jumps to $522 MILLION for Tonight's Mega Millions Drawing
Author: 0 Jackpot Jumps to $522 MILLION for Tonight's Mega Millions Drawing

Players pick numbers from 1 to 70, and one Mega Ball number from 1 to 25. As of Tuesday morning, the jackpot was estimated at $522 million and is expected to grow even more before the drawing Tuesday night. The prize is the largest total since March, when $533 million was awarded to a person in New Jersey. One report says there's a one in 302 million chance of winning the $522 million jackpot.

Markets DID YOU WIN? Mega Millions Jackpot numbers drawn
Author: 0 DID YOU WIN? Mega Millions Jackpot numbers drawn

The next jackpot drawing will be Tuesday, July 24, for an estimated $493 million. The odds are 1 in 293 million for the jackpot. Then, on Saturday night, Powerball draws for $130 million. Since joining the multi-state Mega Millions game in 2013, Florida has had more than 41 million winning tickets totaling more than $604 million in prizes.

Markets Google parent Alphabet sees record highs despite European Union fine
Author: 0 Google parent Alphabet sees record highs despite European Union fine

Alphabet is expected to report per-share earnings of $9.66, excluding the impact of a $5.07 billion charge accrued in connection with a European Commission fine, according to analysts polled by FactSet. "While regulatory clouds and margins continue to be overhangs on the name, we believe 2Q advertising and "bread and butter" search revenues were healthy and a good barometer of potential strength heading into the rest of 2018/2019", the GBH Research analyst Dan Ives said in a note to ...

Markets Trump offers help to farmers hit by escalating China trade war
Author: 0 Trump offers help to farmers hit by escalating China trade war

Just be a little patient". The new plan at the Agriculture Department would advance emergency funds for these farmers but likely not provide a long-term solution if the trade disputes with China and other countries persist. Some of those contracts more than doubled in price after word of the pending plan broke in a Politico report . It accounts for a quarter of USA auto imports.

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