Markets

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.

Markets Global markets rocked by escalating trade fights
Author: 0 Global markets rocked by escalating trade fights

United States stock futures slipped 0.4% in Asian trade after the S&P 500 skidded 0.9% to hit one-month lows overnight, while Pan-European Euro Stoxx 50 futures shed 1.9%. Negotiations are scheduled to resume next month in Washington. Soon after his announcement to impose additional tariff on the import of Chinese products , the stock markets in NY took a plunge.

Markets Burger King will sell plant-based Whopper across US
Author: 0 Burger King will sell plant-based Whopper across US

Diners can also have the Impossible Whoppers delivered via the Doordash or Burger King mobile apps. The chain said the burger will be available, for a limited time, at more than 7,000 locations coast to coast on August 8. Impossible Foods said OSI is capable of sourcing, developing, producing and distributing custom food solutions worldwide through its 65-plus facilities in 17 countries.

Markets Hacker Accesses Personal Information of 100M Capital One Customers
Author: 0 Hacker Accesses Personal Information of 100M Capital One Customers

A lone attacker is accused of stealing personal information that included bank account numbers and Social Security numbers. According to the bank , the breach may have occurred in March of this year. In a statement , Capital One said the hack affected 100 million individuals in the United States and six million in Canada . If you're a Capital One customer, what action should you take? Thompson sent a command that returned a list of more than 700 folders and copied data from an ...

Markets USA retailers blast new China tariffs, see boost in consumer prices
Author: 0 USA retailers blast new China tariffs, see boost in consumer prices

Benchmark U.S. Treasury yields also fell. Treasury Secretary Steven Mnuchin and U.S. Trade Representative Robert Lighthizer returned from talks with Chinese counterparts in Shangai this week without reporting much progress. Trump's remarks came just after a United States delegation met with Chinese officials earlier this week, the first in-person talks to be had since officials' May breakdown.

Markets Most Currencies Slip After Firm GDP Lifts Dollar; Fed In Focus
Author: 0 Most Currencies Slip After Firm GDP Lifts Dollar; Fed In Focus

Building expectations that the European Central Bank may turn out to be more aggressive than the Fed in easing monetary policy contributed to euro falls.The pound was the biggest mover in the foreign exchange market, plunging to a new 28-month low of $1.2120 in Asian trading on growing concerns that Britain could crash out of the European Union without a transition agreement on October 31.Sterling was last down 0.3% at $1.2183.

Markets Federal Reserve cuts interest rates by 0.25% - its first in a decade
Author: 0 Federal Reserve cuts interest rates by 0.25% - its first in a decade

The Fed has not reduced interest rates since 2008, when it essentially dropped rates to zero to cope with the fallout from the financial crisis. Stocks fell slightly after the Fed issued its statement. Trump has blamed the Fed's four rate hikes in 2018 as a key reason why the USA economy is slowing. "That's about as low as you can go". Recent government reports - on economic growth, consumer spending and orders for durable manufactured goods - have confirmed the economy remains on firm ...

Markets North American stock markets fall on disappointment over Fed rate cut decision
Author: 0 North American stock markets fall on disappointment over Fed rate cut decision

Asian stocks were rattled after tweets from President Trump on Tuesday dampened expectations for a breakthrough in U.S. On data, ADP payrolls for July will be released at 08:15 a.m. Japan's Nikkei 225 fell 0.86 percent while the Topix index fell 0.66 percent. Hong Kong's Hang Seng index pared losses from Monday to bounce back in early trade and the index added 0.24 percent at the final hour of trading.

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