Markets

Fed pushes back on aggressive US rate cut views

Fed pushes back on aggressive US rate cut views St. Louis Federal Reserve Bank President James Bullard on Tuesday said he does not think the USA economic situation is dire enough to warrant cutting rates by a half-percentage point at its next meeting in July, even though he pushed to lower rates last week. [Full Article...]

China says FedEx should offer a proper explanation on Huawei

China says FedEx should offer a proper explanation on Huawei Now, the company said in a public statement that it "is a transportation company, not a law enforcement agency". In the lawsuit filed in the US District Court in the District of Columbia, FedEx claimed that department's latest measures to restrict the business activities of US companies with Huawei "place an unreasonable burden on FedEx to police the millions of shipments that transit our n... [Full Article...]

India to Lose Outspoken Central Banker as Acharya Resigns

India to Lose Outspoken Central Banker as Acharya Resigns According to RBI, Acharya is looking to stay on his post till 23rd July and his resignation is now under consideration of "competent authority". The final report of the committee set up by jointly by the RBI and the government to examine the RBI's Economic Capital Framework (ECF) is expected this week, while official sources in New Delhi said there is lack of consensus in the ECF panel over the ... [Full Article...]

Congress Representative Wants Facebook to Put a Hold on Cryptocurrency Plans

Congress Representative Wants Facebook to Put a Hold on Cryptocurrency Plans The announcement of a new currency led by Facebook has caught the attention of U.S. law-makers and not in a good way. Representative Maxine Waters , chairwoman of the US House Financial Services Committee, called for Facebook executives to testify before Congress and asked the company to halt development of Libra . [Full Article...]

Apple Mulls Manufacturing Shift From China

Apple Mulls Manufacturing Shift From China In a testimony earlier this week, the U.S. Semiconductor Industry Association (SIA) expressed its deep concern with the proposed tariffs, saying that the economic consequences for the U.S. The Taiwanese contract manufacturer makes most of the smartphones in China and is that nation's largest private employer. A deadline has not been set for the suppliers to finalise their business proposals, Ni... [Full Article...]

Facebook's Libra cryptocurrency is official, Calibra wallet app coming 2020

Facebook's Libra cryptocurrency is official, Calibra wallet app coming 2020 Here's a guide to help you understand it. The unveiling of Facebook's Libra cryptocurrency was immediately met with political opposition in Europe. In addition to competition and privacy concerns, regulators will also be concerned about Facebook's wish to enable its cryptociurrency to be converted into other currencies, raising the prospect of increased money laundering. [Full Article...]

King Arthur Issues Flour Recall Over Possible E. Coli Contamination

King Arthur Issues Flour Recall Over Possible E. Coli Contamination Though none of the cases reported so far have been traced back to King Arthur flour, the product is being taken off the market as a precaution. Flour sold directly through King Arthur's catalog, website and retail store in Norwich is not included in the recall. [Full Article...]

Target stores experiencing nationwide outage

Target stores experiencing nationwide outage Several shoppers in the store said they didn't know Target was having problems with the registers. FOX 8 will provide more updates as they become available. A store clerk in Chicago told 7 Action News, cashiers are now working to service customers manually. Hunter Sowards, a reporter for the Texas news channel KTRE, tweeted that Target employees were handing out chips, and the Starbucks employee... [Full Article...]

Facebook offers to pay if you'll let it study your online habits

Facebook offers to pay if you'll let it study your online habits The app, launched Tuesday, keeps track of other apps installed on someone's phone , of how much time someone spends on those apps, the person's location, and other data that could give the tech giant a peek at what features you're using. The company's product manager, Sagee Ben-Zedeff, assured users that Facebook won't sell any of the data to third parties, or use it for ad targeting. [Full Article...]

Raytheon and United Technologies to create a defense giant

Raytheon and United Technologies to create a defense giant Raytheon Company is a technology and innovation leader specializing in defense, security and civil markets throughout the world. Both companies' shares stand to benefit because of the potential synergies, which could free up capital that may be deployed, Jefferies wrote in a note. [Full Article...]

Build-A-Bear hosting 'Pay Your Age' day in June

Build-A-Bear hosting 'Pay Your Age' day in June Instead, only a select number of children holding Pay Your Age "winner" tickets will get a furry friend. It was so popular some stores were forced to close due to safety concerns. You have until June 16 to enter. Now, rather than simply showing up on a given day and waiting in a massive line, Build-A-Bear has a three-step process for a chance to pay your age for one of the stuffed bears. [Full Article...]

Halo Infinite launches holiday 2020, adds Xbox Project Scarlett version

Halo Infinite launches holiday 2020, adds Xbox Project Scarlett version Although we know the order and manner that the games will be launched in, an official final release date has yet to be confirmed by Microsoft . According to Microsoft insider Brad Sams , Scarlett is the name of Microsoft's overall next-generation console strategy. [Full Article...]

USA employers add a weak 75,000 jobs; unemployment stays 3

USA employers add a weak 75,000 jobs; unemployment stays 3 On the trade front, Mexican ambassador to the US Martha Barcena Coqui told CNBC on Thursday that negotiations with the White House had involved a "very good discussion". Trump is set to meet with Chinese President Xi Jingping at the end of the month to finalize those negotiations. If we are unable to make the deal, Mexico will begin paying Tariffs at the 5% level on Monday!', tweeted Trump. [Full Article...]

Progress with Mexico Talks ‘Not Nearly Enough’

Progress with Mexico Talks ‘Not Nearly Enough’ Observers say Mexico prefers not to mix issues such as trade and immigration in its dealings with the U.S., but the Trump administration is attempting to push ever increasing responsibility for stopping migrants to its southern neighbour. [Full Article...]

Markets up as Fed signals rate cut

Markets up as Fed signals rate cut Powell also said the Fed didn't know how or when these trade issues would be resolved. "We are closely monitoring the implications of these developments for the USA economic outlook and, as always, we will act as appropriate to sustain the expansion with a strong labor market and inflation near our symmetric two-percent objective", he stated. [Full Article...]

National Doughnut Day: Deals and freebies around San Diego

National Doughnut Day: Deals and freebies around San Diego But you can score a free classic doughnut by buying a beverage on Friday. They say that if guests help them reach their magic number, they are going to announce another free doughnut day later in the month of June. You "doughnut" want to miss a chance for a free sweet treat. Weather permitting, the launch is expected to start Friday at 10 a.m. The chain is trying to give away 1 million doug... [Full Article...]

Facebook stops app pre-installs on new Huawei phones

Facebook stops app pre-installs on new Huawei phones According to a person familiar with the matter, the Facebook ban applies to any Huawei phone that has not left the factory. Future Android-based devices will not be able to access services including Google Play Store or Gmail and it is possible that unless these limitations are removed, the company will be forced to create its own homebrew operating system. [Full Article...]

Amazon's New 'Prime Air' Drone Can Morph From Helicopter to Plane

Amazon's New 'Prime Air' Drone Can Morph From Helicopter to Plane Yesterday, at the Amazon re:MARS 2019 conference, CEO Consumer Worldwide Jeff Wilkes introduced Amazon's newest delivery drone - and said that delivery would happen within months. Amazon did not immediately respond to TheDCNF's request for comment. FAA also gave Google's drone service the green light to start making commercial deliveries in April this year. [Full Article...]

Smartphone sales to decline amidst Huawei-US trade war

Smartphone sales to decline amidst Huawei-US trade war Earlier, it was reported that Huawei's new generation of Kirin chips will be named Kirin 985 and it will be manufactured using TSMC's second-generation 7nm EUV lithography process. I think they overestimate Huawei . Consumers can't be guaranteed that Huawei phones, which run on Android, will have access to key apps and security patches after August 19, when a 90-day grace period under the... [Full Article...]

BMW, Jaguar Land Rover team up to fast-track electric auto production

BMW, Jaguar Land Rover team up to fast-track electric auto production Both firms have struggled to maintain profit margins amid falling vehicle sales and higher costs as well as the need to invest in future technologies. For JLR, this will be at its engine plant in Wolverhampton, which employs 1,600 people. Nick Rogers, JLR's engineering director, tells Auto Express , "The transition to ACES [autonomous, connected, electric, shared] represents the greatest techno... [Full Article...]


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