Markets

Markets JP Morgan rolls out first USA bank-backed cryptocurrency
Author: 0 JP Morgan rolls out first USA bank-backed cryptocurrency

Just last month, equity analysts at JPMorgan said blockchain could reduce transaction settlement time to minutes, lower transaction costs and provide parties with more clarity on payment cycles. These now rely on wire transfers and use decades-old networks like Swift which have cut-off times for transactions in different countries. Furthermore, Farooq was also noted by CNBC as stressing that there are more potential use-cases for JPM Coin in the future.

Markets Tesla rolls out ‘sentry mode’ safety feature
Author: 0 Tesla rolls out ‘sentry mode’ safety feature

As electric cars are quiet most of the time, a message on the screen will let other pedestrians know that the owner's pets are fine. Tesla has some good news for responsible dog owners. Tesla has launched its new Sentry Mode feature , which uses the vehicle's external cameras to monitor its surroundings. If a minimal threat is discovered, like someone leaning on the auto, it switches to an "alert mode".

Markets Opec tightens its taps as global oil demand stalls
Author: 0 Opec tightens its taps as global oil demand stalls

But, "with the import of diluents now sanctioned by the US, and problems in producing its own lighter crudes, PDVSA will have a tough job to make enough on spec barrels available for export", the IEA said . None of these options are appealing, and all of them are likely to result in higher costs for refined products, particularly the middle distillates such as diesel and jet fuel that are produced in greater quantities from heavy crudes.

Markets Wilson-Raybould resigns from cabinet
Author: 0 Wilson-Raybould resigns from cabinet

Prime Minister Justin Trudeau's office says Wilson-Raybould told the prime minister Monday night of her intention to resign from cabinet. "I will highlight however that there's a real danger, and it's been flagged for me, of unintended consequences, particularly because there are two court cases ongoing directly related to this matter that could be impacted by such a decision we might make".

Markets Activision Blizzard Plans to Lay Off Hundreds of Employees
Author: 0 Activision Blizzard Plans to Lay Off Hundreds of Employees

Investors holded 644.93 million in 2018Q2 but now own 663.95 million shares or 2.95% more. Shares of Activision Blizzard, Inc . Two sources familiar with the matter tell Yahoo Finance that Activision Blizzard initiated employee layoffs in its Santa Monica headquarters on Monday, although it's unclear how widespread the layoffs are at this time.

Markets Amazon Invests in Self-Driving Car Startup Aurora Innovation
Author: 0 Amazon Invests in Self-Driving Car Startup Aurora Innovation

Aurora, a startup tech company investing in self-driving vehicle technology , has announced that it has secured over $530 million in financing from a series of investors, including venture capital firm Sequoia Capital , money manager T. Aurora has partnerships with Volkswagen and Hyundai but its technology could apply to vehicles beyond cars. Aurora said it now earns revenue through these partnerships, although it hasn't determined precisely how its business model will evolve once the ...

Markets RBI: Repo rate reduced by 25 basis points
Author: 0 RBI: Repo rate reduced by 25 basis points

The repo rate is the rate at which the central bank lends short-term money to the banks. The last rate cut was announced in August 2017 and was followed by two hikes of 25 bps each past year. "Investment activity is recovering but supported mainly by public spending on infrastructure", the MPC said in a statement. The RBI also revised down headline inflation estimates to 2.8 per cent in March quarter, 3.2-3.4 per cent in first half of next fiscal and 3.9 per cent in Q3 of FY20.

Markets Oil slips as investors weigh up supply factors
Author: 0 Oil slips as investors weigh up supply factors

Output from OPEC's 14 current members fell by 930,000 barrels a day to 31.02 million, according to a Bloomberg survey. US West Texas Intermediate (WTI) futures were at $55.13 per barrel, down 13 cents, or 0.24 percent, from their last settlement.

Markets 'Special place in hell' for no-plan Brexiteers, says EU's Tusk
Author: 0 'Special place in hell' for no-plan Brexiteers, says EU's Tusk

Theresa May has been in Northern Ireland meeting parties there to reassure them there will be no hard border as a result of the United Kingdom leaving the EU. The British prime minister is due in Brussels on Thursday to seek a way to ensure Britain's orderly withdrawal from the European Union and avoid what Tusk warned would be a "fiasco".

Markets Argentines march to USA embassy to protest Venezuela intervention
Author: 0 Argentines march to USA embassy to protest Venezuela intervention

People cross into Venezuela over the Simon Bolivar worldwide bridge in Cucuta, Colombia February 4, 2019. A growing number of European nations publicly backed Venezuelan opposition leader Juan Guaidó as his country's interim president, ratcheting up diplomatic pressure on President Nicolás Maduro to step down from power.

Markets Crypto Exchange Can't Unlock Their Vault, $190m At Risk
Author: 0 Crypto Exchange Can't Unlock Their Vault, $190m At Risk

She disclosed that clients' money worth $190m (£110m) in both cryptocurrency and normal money is in " cold storage " and only her late husband holds the keys. An additional CA$70 million ($53 million) is in the form of government currency. It warned that customers might take legal action against Quadriga if the problem continues.

Markets Things to Watch For at the State of the Union
Author: 0 Things to Watch For at the State of the Union

House Speaker Nancy Pelosi , who won plaudits from Democrats for her hardline negotiating tactics during the shutdown, will be seated behind the president - a visual reminder of Trump's political opposition and the coming tide of Democratic challengers in 2020.

Author: 0 Amazon first-quarter sales forecast misses estimates, shares down

Analysts projected US$71.9 billion. Advertising is another fast-growing source of revenue for Amazon . Revenue in North America topped $44 billion, up from $37 billion year-over-year. Although its operating loss shrunk to US$642-million from US$919-million in the quarter, rules in India created concern. Its cloud services business grew 45% over the last quarter of 2017.

Markets Alibaba's single-quarter revenue hits US$17.46 billion
Author: 0 Alibaba's single-quarter revenue hits US$17.46 billion

According to Alibaba's quarterly sales results, the Chinese business has outperformed its global technology peers thanks to its significant growth in active users. In 2018, even though Alibaba netted a record $30 billion from the Singles' Day, annual growth dropped to the weakest rate in the event's 10-year history as a slowing Chinese economy and trade tensions chilled sentiment.

Markets Markets Right Now: Stocks sink on China slowdown fears
Author: 0 Markets Right Now: Stocks sink on China slowdown fears

Investors will also grapple with trade negotiations, amid a report Monday that USA prosecutors are planning to file criminal charges related to China's largest smartphone maker. Equity markets have solid underpinnings with fourth-quarter earnings looking good, a likely truce in the U.S. It reported a 43 percent drop in operating profit for the quarter through last month.

Markets Venezuela's Maduro accuses Trump of ordering his murder: RIA
Author: 0 Venezuela's Maduro accuses Trump of ordering his murder: RIA

That's because Venezuela's oil shipments to China and Russian Federation are usually taken as repayment for billions of dollars in debts. Venezuelan opposition sympathizers had been urging Guaido to assume the presidency since Maduro was inaugurated to a second term on January 10 following a widely boycotted election a year ago that the United States and many other foreign governments described as a fraudulent.

Markets New protests in Venezuela amid crisis over presidency
Author: 0 New protests in Venezuela amid crisis over presidency

Trump and Guaido spoke by telephone on Wednesday. GLOBAL STANDOFF The United States is Venezuela's largest crude importer, ahead of India and China, but the new measures limit transactions between us companies and state oil company PDVSA .

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