Finance

U.S. delays Huawei trade ban for another 90 days

Commerce Secretary Wilbur Ross said Monday that penalties on Huawei Technologies will be delayed until November 19 so rural companies have more time to find...


White House considered payroll tax cut amid economic concerns, despite public bluster

The Post said the talks on payroll taxes were in the early stages and that officials had not decided whether to push Congress to formally approve a reduction. L...


Rakuten crypto exchange is now live

Rakuten , Japan's retail giant, has officially launched a spot trading service for crypto assets through its subsidiary Rakuten Wallet , according to apress ...


Type 64 Nazi car by Porsche fails to sell amid auction blunder

On Friday night, a $19.8 million sale of a McLaren F1 LM-Specification went off without a hitch. " I'm saying 17, not 70 ", said ten Holder. While there i...


Trump calls for 'at least' 100-basis point rate cut by Fed

Speaking prior to boarding Air Force One near his Bedminster club in New Jersey, Trump said, "I don't see a recession". "We're doing tremendously well, our cons...


Bugatti reveals 1,578bhp Centodieci in tribute to iconic EB110

Introduced in 1991, the EB110 was the first vehicle launched by Bugatti , following its revival by Italian businessman Romano Artioli. To be expected, most a...


Huawei’s temporary trade license with the United States to be extended

Trump said just before boarding Air Force One in New Jersey, that he does not want the US government to do business with Huawei because they are a national secu...


Global trend of falling bond yields sparks recession fears

Bond prices soared. The yield on the 10-year Treasury sank to 1.58% from 1.68% Tuesday, a big move. What it means is that people are so anxious about the near...


Tyson Foods Recalls "Ready to Eat" Chicken Patties

Department of Agriculture's Food Safety and Inspection Service . Anyone with the product is urged to throw it away or return it to the store for a refund. ...


' 1.7 million' take part in Hong Kong protests

The overwhelming turnout brought traffic in the dense city center to a standstill. People take part in the "Reclaim Hung Hom and To Kwa Wan, Restore Tranquili...


OPEC Oil Production Continues To Slide As Saudis Cut Deeper

Market participants were anxious that economic downturn would impact crude oil demand . The Organization of Petroleum Exporting Countries, which pumps abou...


Honda unveils Acura Type S Concept ahead of Monterey debut

The side profile of the Acura Type S Concept is dominated by subtle yet expressive character lines and a shoulder line that emerges from the front quarter pan...


Nvidia reports sequential growths in sales and profits for fiscal 2Q20

Deltec Asset Management LLC acquired a new stake in NVIDIA during the 2nd quarter valued at approximately $452,000. Jennison Associates LLC boosted its holdings...


Wilbur Ross: Tariff Delay Was Not 'Quid Pro Quo' With China

There's not many more to play and we're hoping that that is resolved quickly". "You may as well go to a place that's more tranquil, that's more peaceful, that...


Top 10 Biggest Risks in WeWork are Revealed

Bankers at the firm knew their decision to balk at the full credit commitment would risk Morgan Stanley's role on an IPO, which is slated for September, some of...


Turkish army pension fund in rescue talks with British Steel

OYAK was set up in 1961, a year after the first military coup in modern Turkey , and has nearly 363,000 members. The fund, which has more than 19 billion dolla...


Alibaba reports strong revenue growth in 1st fiscal quarter

Net income attributable to ordinary shareholders was RMB21.3 billion (US$3.1 billion), up significantly year-over-year due to significantly higher share-based c...


Gov't says 611397 new jobs created between 2017 and 2018

Although the unemployment rate in the country is still staggering, the government claims to have created a lot of jobs. In this period, the Akufo-Addo governm...


Stocks move higher to end turbulent week

Dow Jones has closed down 800 points, with other stock indexes plunging as well. The S&P 500 . SPX opened higher by 17.14 points, or 0.60%, at 2,864.74. C...


Oil surges on USA tariff delay

A second week of unexpected rises in USA crude inventories is adding to the pressure. Oil prices on Tuesday rose the most within this year after the United St...


Mauricio Macri to announce plan to ease Argentines' economic pain

The peso plummeted on Monday in the wake of the defeat of President Mauricio Macri in primary elections on Sunday. Many blame IMF-backed polices for leading to ...


Hong Kong tense as thousands of teachers rally in rain

Western governments, including the United States, have stepped up calls for restraint, as Chinese paramilitary police have run drills close to the Hong Kong b...


Trump suggests trade deal can wait for Hong Kong resolution

Trump said some of the new tariffs will be delayed until December so retailers can import Christmas merchandise without worrying about extra tax. Navarro s...


Stanley Druckenmiller Sees Big Buy Signal as GE Stock Craters

GE disagrees. "GE will always take any allegation of financial misconduct seriously". GE sank as much as 14% on Thursday following the report's release. GE ...


Passenger vehicle sales decline by 35.95% in July: SIAM

Industry body Siam releases wholesales, or factory dispatches, of automobiles, and not retail sales. Look at the detailed statistics table for July below and ...


Compounding troubles: Cathay Pacific's torrid week ends with shock CEO resignation

The airline has been under pressure recently from the Chinese aviation regulator for staff actions relating to protests in Hong Kong . Helmets, goggles a...


Dow Suffers Worst Day Of Year On Recession Fears

General Electric Co jumped 9.1% as Chief Executive Officer Larry Culp bought almost $2 million worth of company shares, which had recorded their biggest one-day...


FDA Wants Cigarette Companies To Print Graphic Photo Warning On Packages

The change would be the most significant update to cigarette labels in over 35 years. Any forthcoming regulation would specify color graphics that must accomp...


Asian, European Stocks Mixed After Recession Jitters Spark Sell-Off On Wall Street

The yield of ten-year USA government bonds declined below the yield of two-year bonds. For the first time in history, the yield on the 30-year U.S. Treasury b...


Zimbabwe protests: Opposition MDC vows to defy police ban on rally

The organization spokesperson observes that While it is acknowledging efforts made by the Government, the global community and the United Nations in Zimbabwe ...


Hong Kong on brink of recession as trade war, political protests escalate

In an earlier tweet , Mr Trump said he had "ZERO doubt" that Mr Xi could "humanely solve the Hong Kong problem". Fashion brands Givenchy, Versace and Coach...


Trump Sees Fed Rather than Trade war as Source of Market Turmoil

The U.S. Treasury yield curve temporarily inverted for the first time in 12 years, prompting investors to move sell stock in companies and move it into bonds. A...


Trump asked advisers whether U.S. could buy Greenland

Accord to the Wall Street Journal the US President sought the view of the White House counsel over the acquisition "with varying degrees of seriousness". Th...


MacBook Pro banned from flights due to unsafe batteries

The Federal Aviation Administration has announced that it is banning select MacBook Pros from flights in the US, reports Bloomberg . If you have one, ent...


Stocks fall sharply after bond market warns of recession

USA stocks suffered the worst day of the year Wednesday as bond market flashed a warning sign of recession. Global stock markets fell sharply again Thursd...


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