Markets

The latest in Huawei: TSMC, memory chips, SD cards

The latest in Huawei: TSMC, memory chips, SD cards The upcoming smartphone from Huawei was supposed to have been one of the launch devices for the new 5G network . Speaking at the Potsdam Conference on National Cybersecurity on Thursday, Hu said the Huawei ban creates a "dangerous precedent" that will affect worldwide markets, cut off global supply chains, and disrupt fair competition. [Full Article...]

Trump cuts off infrastructure talks with Democrats, demands end to investigations

Trump cuts off infrastructure talks with Democrats, demands end to investigations Chip Somodevilla/Getty Images Trump later told reporters in the Rose Garden that if House Democrats continued to investigate him, there would be no deal on infrastructure and pointedly said: "I don't do cover-ups ". They went to the former communications Director in the White house, Hope Hicks, and Annie Donaldson, a close associate of his McGahns. Still, Trump himself has expressed a lee... [Full Article...]

Huawei confident it can resolve ARM suspension

Huawei confident it can resolve ARM suspension That could be a critical blow, following this week's reported decision of US-based chipmakers Intel , Qualcomm , Broadcom and Xilinx to halt shipments to Huawei, which is the world's number two smartphone maker and a leader in telecom infrastructure and super-fast 5G networks. [Full Article...]

The simmering tensions about the trade war have finally dawned on Beijing

The simmering tensions about the trade war have finally dawned on Beijing Trump and Chinese President Xi Jinping are expected to discuss the standoff at a meeting of the Group of 20 major economies in Osaka, Japan, next month. Last week, the Trump administration added Huawei to its "entity list", which bans the company from acquiring technology from United States firms without government approval. [Full Article...]

Huawei founder says United States underestimates company

Huawei founder says United States underestimates company Huawei's relationship with the United States has been anything but smooth over the previous year, but this past weekend saw the company take its biggest hit yet . Question: Will Huawei phones be able to receive Android updates? In a statement , Google said it was "complying with the order and reviewing the implications". [Full Article...]

FCC Chairman Backs T-Mobile, Sprint Merger With New Conditions

FCC Chairman Backs T-Mobile, Sprint Merger With New Conditions According to terms of the deal, this is meant to "remove any remaining doubts regarding the impact of the merger on prepaid wireless customers and competition", nodding to concerns about the effect on lower-income Americans. Pai said Monday that the combination will help bring faster mobile broadband to rural Americans. "Does anyone really believe that this FCC, which has asked nothing of the big ... [Full Article...]

Tesla's 'Autopilot' engaged in Florida fatal crash

Tesla's 'Autopilot' engaged in Florida fatal crash The Model 3 continued to travel on the highway at approximately 1,600 feet before it completely stopped. The first was in Williston, Florida , on May 7, 2016 and the situation was similar - a Tesla Model S drove into truck without driver or system intervention. [Full Article...]

Taco Bell is Opening an Insane "Taco-Inspired" Pop-Up Hotel

Taco Bell is Opening an Insane Taco-themed nail art and fades at the salon. The hotel is the latest push by Taco Bell to try to differentiate itself from other fast feeders beyond offering limited-time items such as Nacho Fries, which were promoted with movie trailer-inspired campaigns. [Full Article...]

Oil prices rise over 1% on drone attack on Saudi Aramco facilities

Oil prices rise over 1% on drone attack on Saudi Aramco facilities A team of USA military investigators reportedly believes Iran or its proxies orchestrated the bomb attacks on four commercial vessels anchored off the coast of the United Arab Emirates on Sunday, two of them Saudi oil tankers. The drone attack was preceded by yet another attack on two oil tankers just a day earlier. "We had formerly anticipated that they would carry out these sorts of acti... [Full Article...]

Huawei chairman agrees to sign 'no-spy' deal

Huawei chairman agrees to sign 'no-spy' deal And in August 2018, president Trump signed an executive order banning US government agencies from purchasing or using telecommunications equipment from certain Chinese technology companies, including ZTE and Huawei. Earlier this year, the Justice Department charged Huawei and its U.S. affiliate with theft of trade secrets conspiracy, attempted theft of trade secrets, seven counts of wire... [Full Article...]

ASX slumps at open after Wall Street falls

ASX slumps at open after Wall Street falls The S&P 500 index lost two-point-41 percent to two-thousand-811-point-87, while the Nasdaq Composite plummeted three-point-41 percent. Contracts on the S&P 500, Dow and Nasdaq swung between gains and losses, while the Stoxx Europe 600 edged lower as drops in carmakers offset gains in construction companies. [Full Article...]

Couple awarded $2 billion following Roundup cancer claim

Couple awarded $2 billion following Roundup cancer claim The jury in San Francisco Superior Court in Oakland yesterday said the company was liable for plaintiffs Alva and Alberta Pilliod's contracting non-Hodgkin's lymphoma, a spokeswoman for the couple said. Brent Wisner, said in a statement sent to CBS News. The San Francisco groundskeeper was awarded $289 million, as the court ruled that the popular herbicide was responsible for his non-Hod... [Full Article...]

Saudi Arabia says two of its oil tankers attacked near UAE waters

Saudi Arabia says two of its oil tankers attacked near UAE waters A US official familiar with American intelligence said Iran was a leading candidate for having carried out the attacks but the United States does not have conclusive proof. He warned against "foreign seditious plots to upset the region's security and stability". Nearly all the oil exports of Saudi Arabia, Iraq, UAE, Kuwait, Qatar and Iran itself, at least 15 million barrels per day, are shippe... [Full Article...]

Apple Shares Fall After Supreme Court Allows Consumer Lawsuit Over App Store

Apple Shares Fall After Supreme Court Allows Consumer Lawsuit Over App Store The US Supreme Court on Monday ruled against Apple in a case that could have broad implications for the e-commerce industry and which also means the door is now open for consumers to sue the iPhone maker over its App Store rules and practices. [Full Article...]

Uber Set to Debut on NYSE, Under Pressure to Avoid Lyft Debacle

Uber Set to Debut on NYSE, Under Pressure to Avoid Lyft Debacle That's highly unusual, especially for a high-profile tech company like Uber Shares of rid-sharing rival Lyft soared 21 per cent at one point during its initial public offering in late March. Uber had originally suggested a price range of $44-$50 for its share price listing, valuing the company at up to $120bn. Uber and Lyft have already decimated local taxi markets, taking much of their mar... [Full Article...]

China 'won't surrender' to pressure in USA trade war

China 'won't surrender' to pressure in USA trade war China has said it will impose tariffs on $60bn (£46bn) of United States goods from 1 June, extending a bilateral trade war. "I don't know. That will take some time and then of course the president's going to have to make the final decision on that", Mr Kudlow said. [Full Article...]

Chinese Vice Premier confident in economic development after US-China talks

Chinese Vice Premier confident in economic development after US-China talks During the just concluded round of China-U.S. trade talks, Washington increased additional tariffs on 200 billion U.S. dollars' worth of Chinese imports from 10 percent to 25 percent, a move Beijing deeply regrets and will be forced to respond to with necessary countermeasures. [Full Article...]

US trade deficit edges up to $50 billion in March

US trade deficit edges up to $50 billion in March However, the US leader said that matters are good enough as they stand now and the deal can wait, as " massive payments go directly " to the US Treasury. Or China could reverse the changes to the text and return the negotiations to where they were a week ago and work toward a deal to be signed at the G20 summit in Japan in June, the source said. [Full Article...]

Brent crude rises after surprise fall in US inventories

Brent crude rises after surprise fall in US inventories Brent crude futures were at $69.78 per barrel by 0902 GMT, down 10 cents or 0.14 percent. The U.S. Energy Information Administration expects global oil demand to rise by 1.4 million barrels per day (bpd) this year. White House spokeswoman Sarah Sanders said on Wednesday the United States had received an indication from China that Beijing wants to make a trade deal. [Full Article...]

Chill in China trade talks is all Biden's fault, Trump says

Chill in China trade talks is all Biden's fault, Trump says Trump's comments underscore the political pressure he's under to reach a deal with China, with his own party fractured over the merits of tariffs and Democrats looking to blame the president if the trade war seriously damages the USA economy. [Full Article...]


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