Money

Money Trump quashes fears of recession in United States
Author: 0 Trump quashes fears of recession in United States

They're buying. And most economists actually say that we're not going to have a recession. "They're loaded up with money". "Consumers are working at higher wages". The outlook reflects growing skepticism among economists and investors that the US economy will be able to withstand a protracted trade war with China without serious harm amid the weakening global outlook.

Money Bugatti reveals radical R136m Centodieci hypercar with 1176kW
Author: 0 Bugatti reveals radical R136m Centodieci hypercar with 1176kW

The company is making just 10 of the Centodiecis, which feature Bugatti's 8.0-liter W16 engine. The angular supercar , still dotted with the signature Bugatti design elements, tips its hat to the mid-engine EB110 supercar that debuted in 1991 when the company was owned by Romano Artioli.

Money Huawei US ban set for 90-day reprieve
Author: 0 Huawei US ban set for 90-day reprieve

The remarks by Trump to reporters in Morristown, N.J., mark his latest escalation against the Chinese tech giant amid a broader trade battle with Beijing. Less than two weeks before, it was reported that the U.S. Treasury Department had chose to suspend the applications of U.S. companies seeking a temporary license to do business with Huawei.

Money Tyson Just Recalled Nearly 40000 Pounds of Chicken
Author: 0 Tyson Just Recalled Nearly 40000 Pounds of Chicken

Image of the bag of impacted Weaver product . The items have one of eight particular lot codes on the label. The chicken patties should be thrown out or returned to the store, according to the news release. CDT. However, neither the U.S. Department of Agriculture's Food Safety and Inspection Service or Tyson disclosed what "extraneous materials" were found in the chicken.

Money Trump warns China against Tiananmen II in Hong Kong
Author: 0 Trump warns China against Tiananmen II in Hong Kong

Protesters that day clashed with police, blocked passengers from boarding flights, and attacked two suspected spies from mainland China , including one reporter for the Chinese state outlet Global Times . Many are here despite the humidity and heavy rain. Marchers gathered in Kowloon district holding signs reading "Stand up for Hong Kong ". For weeks, hundreds of thousands of Hong Kong residents have been filling the streets in protest of a local government they believe has become ...

Money Oil price rises on US high retail sales
Author: 0 Oil price rises on US high retail sales

However the initiatives of OPEC + have actually been surpassed by worries about the worldwide economic climate in the middle of the U.S. Brent Crude futures, in turn, fared nearly as poorly, with the global benchmark falling 58.23 dollars a barrel (-2.10 percent).

Money Acura Type S concept unveiled
Author: 0 Acura Type S concept unveiled

Sources within Acura tell TheDetroitBureau.com that the actual TLX Type S won't make its formal appearance until sometime next year, apparently as a 2021 model. Acura will be hitting The Quail this weekend with a concept created to re-ignite some of the brand's performance sedan credentials. A sharp and distinctive tail features an upswept decklid with a sharply creased centerline (drawn from the hood) and integrated forged carbon spoiler.

Money Nvidia reports strong second quarter, with business returning to 'normal'
Author: 0 Nvidia reports strong second quarter, with business returning to 'normal'

Wall Street analysts often provide price target projections on stocks that they cover. Revenue in video games fell 27% to $1.31 billion, however, it still managed to beat estimates of $1.28 billion. "While sales for internal hyperscale use were muted, the engineering focus on AI is growing", said CFO Colette Kress on a conference call with analysts Thursday.

Money Mired in debt, WeWork files for IPO
Author: 0 Mired in debt, WeWork files for IPO

In the prospectus We Co warns: "We have a history of losses and, especially if we continue to grow at an accelerated rate, we may be unable to achieve profitability at a company level ... The financial disclosures make it clear that WeWork - which, it should be said, is a commerce office leasing company and not truly a tech company - shares the hallmarks of Uber Technologies and other high-profile young technology start-ups.

Money Alibaba celebrates a strong quarter
Author: 0 Alibaba celebrates a strong quarter

Alibaba posted net income of RMB21.25 billion ($3.10 billion), compared with net income of RMB8.69 billion ($1.27 billion) in the same period previous year. Alibaba's financial reports are often seen as a proxy to gauge China's consumer spending. Joe Tsai, Alibaba's Executive Vice-Chairman, attributed the results to China's demographic trends and continued urbanisation, pointing to the growing urban middle class willing to shell out for brands on Alibaba's e-commerce platforms.

Money Gov't Creates 611,397 New Jobs
Author: 0 Gov't Creates 611,397 New Jobs

The number of people in the labor force fell by 5,000 in July to about 5.1 million; the labor force has shrunk by roughly 50,000 over the past year. The U.S. During the past year, Oklahoma added 14,500 new jobs, an increase of 0.9%. Breakdown of the jobs created in the formal sector are Government ministries, departments and agencies (MDAs) absorbed 343,458 out of the total figure with 267,939 getting placements in other formal private sector areas.

Money Markets Right Now: Stocks end turbulent week broadly higher
Author: 0 Markets Right Now: Stocks end turbulent week broadly higher

The yield on the closely watched 10-year Treasury fell so low Wednesday that, for the first time since 2007, it briefly crossed a threshold that has correctly predicted many past recessions. The Russell 2000 index of smaller company stocks slid 43.05 points, or 2.8pc, to 1,467.52. At 7:00 a.m. ET, Dow e-minis were down 239 points, or 0.91%.

Money Oil prices steady after big drop on recession concerns, inventory rise
Author: 0 Oil prices steady after big drop on recession concerns, inventory rise

China reported a raft of unexpectedly weak data for July, including a surprise drop in industrial output growth to a more than 17-year low, underlining widening economic cracks as the trade war with the United States intensifies. USA crude oil imports averaged 7.7 million barrels per day last week, up by 566,000 barrels per day from the previous week. The inventories were about 3% above the five-year average at 440.5 million barrels, the EIA said in its weekly report.

Money GE On The
Author: 0 GE On The "Verge of Insolvency" Claims Whistleblower Report

GE said it disclosed potential losses of $7.4 billion related to Baker Hughes in a recent federal filing and stood by how it classified the business. "GE's $38 billion in accounting fraud amounts to over 40% of GE's market capitalization, making it far more serious than either the Enron or WorldCom accounting frauds", the report says.

Money Indian automobile industry July 2019 sales plunge to new low
Author: 0 Indian automobile industry July 2019 sales plunge to new low

Vehicle sales in India during July fell at the sharpest pace for almost 20 years, according to new data. Around two lakh jobs have been cut across automobile dealerships in India in the last three months as vehicle retailers take the last resort of cutting manpower to tide over the impact of the unprecedented sales slump, according to industry body FADA.

Money Cathay CEO resigns amid Hong Kong protest blowback as more rallies planned
Author: 0 Cathay CEO resigns amid Hong Kong protest blowback as more rallies planned

Recent events have been "regrettable", he added, with the need to put in a place a new management team "who can reset confidence and lead the airline to new heights". Hong Kong is bracing for another long weekend of protests following dramatic scenes earlier this week when demonstrators forced the closure of the financial hub's global airport .

Money Carnage on Wall Street as yield curves invert
Author: 0 Carnage on Wall Street as yield curves invert

The tech-heavy Nasdaq and the S&P 500 indexes also fell about 3%. The yield on the 30-year Treasury bond also fell to a new historic low. All 11 major sectors of the S&P 500 closed firmly in the black, with industrials .SPLRCI , technology .SPLRCT and financials .SPSY enjoying the largest percentage gains.

Money FDA Proposes Graphic Warning Labels on Cigarettes
Author: 0 FDA Proposes Graphic Warning Labels on Cigarettes

Despite the statistics, an estimated 34.4 million US adults and an additional 1.4 million USA youths are active smokers. Each picture is accompanied by text such as: " WARNING: Smoking can cause heart disease and strokes by clogging arteries".

Money Global stocks lower after US falls on recession fear
Author: 0 Global stocks lower after US falls on recession fear

Retail sales outpaced expectations in July, indicating that consumer spending, a significant determinant of economic health, is performing well in spite of recession concerns motivated by stock market declines and the inverted bond yield curve.

Money Zimbabwe police beat protesters defying ban
Author: 0 Zimbabwe police beat protesters defying ban

Riot police patrol the streets after police earlier banned planned protests by the opposition party Movement for Democratic Change (MDC) in Harare, Zimbabwe , August 16, 2019. Zimbabweans had also expected last year's vote to usher in a new dawn of expanded political rights and an end to the country's worldwide pariah status.

Money CEO Of Cathay Pacific Airways Resigns, Amid Hong Kong Protests
Author: 0 CEO Of Cathay Pacific Airways Resigns, Amid Hong Kong Protests

Trump said China wants to make a deal to end the trade war but should be allowed first to find a solution to the situation in Hong Kong. "We have deep respect for the courageous efforts of Hong Kong people from every walk of life who have demonstrated their clear desire for freedom , democracy, and the rule of law", the statement read.

Money Trump sees Fed rather than trade war as source of market turmoil
Author: 0 Trump sees Fed rather than trade war as source of market turmoil

White House trade adviser Peter Navarro said the central bank should lower rates by at least three-quarters of a percentage point by the end of this year. or remain so tight that the economy remains vulnerable?" Investors believe the Fed will lower rates further at its next meeting, set for mid-September, according to CME Group futures markets.

Money Trump Keeps Talking About Wanting to Buy Greenland
Author: 0 Trump Keeps Talking About Wanting to Buy Greenland

An ally of Mr Trump told The Associated Press on Thursday that the President had discussed the purchase but was not serious about the proposal. The Greenland Ministry of Foreign Affairs responded to reports that President Donald Trump had talked about the possibility of buying the territory.

Money Some MacBook Pro Models Have Been Banned From All Commercial US Flights
Author: 0 Some MacBook Pro Models Have Been Banned From All Commercial US Flights

The June recall affected MacBook Pro units sold between September 2015 and February 2017, but Apple also urged customers to check the serial number of the devices on its recall page to confirm whether their battery needs replacing. Reports are circulating this week that the Federal Aviation Administration has banned certain Apple MacBooks from flights. To find out if your laptop is one of the 458,000 affected units sold in the U.S.

Money Dow Jones plummets 800 points after bonds flash recession warning
Author: 0 Dow Jones plummets 800 points after bonds flash recession warning

Most concerning for US investors was that the yield on the benchmark 10-year Treasury note fell below that for 2-year Treasuries - meaning investors are piling into longer-term investments as a haven against short-term risk. The 30-year Treasury yield fell to 2.01% from 2.02% and earlier dropped below 2% to a record low, a sign of concern among investors. How much investors pay for the bond determines the yield they will get - the higher the price, the lower the yield.

Money Stocks whipsaw as traders face conflicting trade war signals
Author: 0 Stocks whipsaw as traders face conflicting trade war signals

Magazines with front covers featuring Chinese President Xi Jinping and President Trump at a roadside stand in Hong Kong. The move has roiled global markets and further unnerved investors as the trade dispute between the world's two largest economies stretches into its second year with no end in sight.

Money North Korea Will Never Negotiate with Seoul again
Author: 0 North Korea Will Never Negotiate with Seoul again

The president argued that despite "some concerning actions" by Pyongyang, the denuclearization dialogue should bring significant results on removing nuclear weapons from the Korean Peninsula. "They can clearly see what we feel now, i.e. we have nothing to talk any more with the South Korean authorities nor have any idea to sit with them again", it added.