Markets

Retail Sales Outpace Estimates, Stabilizing Markets and Slightly Easing Concerns of Recession

Retail Sales Outpace Estimates, Stabilizing Markets and Slightly Easing Concerns of Recession Yields on 10-year U.S. Treasury notes fell below the two-year yield, intra-day, for the first time since 2007, in what is known as a yield curve inversion and widely seen by investors as a sign that a recession is coming. "We're outside of the earnings season and markets are being batted around by news". In China, the world's second-largest economy, growth in factory output, retail spending an... [Full Article...]

Stocks move broadly higher as turbulent week nears its end

Stocks move broadly higher as turbulent week nears its end The Dow Jones Industrial Average, DJIA, was adding 306.62 points, or 1.2%, to 25,886.01, while the S&P 500 index put on 41.08 points, or 1.44%, to 2,888.68. JPMorgan Chase rose 2.4% and Bank of America rose 2.9%. "No one actually knows what is next for the markets", said Fiona Cincotta, senior market analyst at City Index. [Full Article...]

The FDA Is Proposing New Health Warnings for Cigarette Packs and Advertisements

The FDA Is Proposing New Health Warnings for Cigarette Packs and Advertisements As such, barring any legal challenges, these new warnings should be finalised by March next year, and companies would then have 15 months to place them on their products. "Smoking is the deadliest behavior we engage in; more people die from smoking than from anything else". Smoking and secondhand smoke exposure account for 480,000 deaths in the USA each year, the FDA reported, totaling more fa... [Full Article...]

Asian markets roiled by recession fears

Asian markets roiled by recession fears The likelihood of the U.S. falling into recession next year is "growing", with bond markets pricing in a 38 per cent chance, Fidelity International's cross asset investment specialist Anthony Doyle said. "In our estimation, there would need to be a clear signal of a permanent cessation of trade hostilities between Washington and Beijing to turn around risk and business sentiment", he added. [Full Article...]

Trump Offers Meeting With China's Xi To Resolve 'Hong Kong Problem'

Trump Offers Meeting With China's Xi To Resolve 'Hong Kong Problem' Video shows scores of military-style vehicles and hundreds of uniformed members of the People's Armed Police Force in riot gear conducting exercises earlier today. Those protests, called the "Umbrella Movement", ended without concessions from the Hong Kong government, and several of the movement's leaders were sentenced to prison. [Full Article...]

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

Trump Sees Fed Rather than Trade war as Source of Market Turmoil USA allies such Germany and New Zealand have recently made significantly more aggressive rate cuts. In the U.S., the Federal Reserve recently made its first interest rate reduction in more than a decade , and is likely to come under more pressure from Trump to drive growth in the United States economy by pursuing further cuts in the near future. [Full Article...]

Trump floated USA buying Greenland, but country says it's not for sale

Trump floated USA buying Greenland, but country says it's not for sale Mr Trump is scheduled to visit Denmark in September but there is no indication that the possible acquisition of Greenland is on the agenda. "We are talking about real people and you can't just sell Greenland like an old colonial power". [Full Article...]

Flights Canceled for the Rest of Today Out of Hong Kong

Flights Canceled for the Rest of Today Out of Hong Kong Police have arrested more than 600 people since the unrest began more than two months ago. In the meantime, personal information of some police officers flying with the airline had been maliciously leaked. The reports declared that the photo was evidence of a U.S. "black hand" in the protest seeking to foment a "colour revolution" in Hong Kong. She told reporters: "The UK has no sovereignty, j... [Full Article...]

Reliance Jio Announces Rs 500 International Landline Roaming Pack to JioFiber Users

Reliance Jio Announces Rs 500 International Landline Roaming Pack to JioFiber Users Reliance Jio will mark its third anniversary on September 5 with the commercial launch of GigaFiber broadband service . The management will induct global partners in Jio and Reliance Retail and will move towards listing the entities separately at the stock exchanges in the next five years. [Full Article...]

Trump still has plenty of ways to escalate his China trade war

Trump still has plenty of ways to escalate his China trade war Mu Changchun , deputy director of the People's Bank of China's payments department, has revealed that the bank's virtual currency was "almost ready" for release . "No, we don't have to", Trump said last Friday when asked whether he plans to devalue the greenback, though he added that if the Federal Reserve were to cut interest rates it "would automatically bring down the dollar a little bit", ... [Full Article...]

Saudis Keeping Oil Exports Down To Combat Falling Prices

Saudis Keeping Oil Exports Down To Combat Falling Prices The oil market moves today based on President Trump's tweets about trade negotiations and China's responses to USA actions. This week, the EIA reduced its forecast US demand for crude and liquid fuels. OPEC and its allies including Russian Federation, agreed in July to increase they provide cuts until March 2020 to spice up oil costs. Reports that Saudi Arabia, the world's biggest oil export... [Full Article...]

Huawei Launches The HarmonyOS At HDC

Huawei Launches The HarmonyOS At HDC CEO of Huawei's Consumer Division Richard Yu says that if the company can not use Google's Android operating system in the future, it will be able to immediately switch to HarmonyOS . The cat is out of the hat...err, we mean bag. In May, the USA placed Huawei on a blacklist, known as the Entity List , which restricts some US companies from selling products to the Chinese company. [Full Article...]

Trump demands further rate cut as economy 'handcuffed' by Fed

Trump demands further rate cut as economy 'handcuffed' by Fed In a series of tweets , he noted that overnight three central banks - those in India, Thailand and New Zealand - had cut rates. US President Donald Trump on Wednesday continued to hammer the Federal Reserve, demanding more stimulus to boost the economy as the 2020 elections approach. [Full Article...]

Trump Says China Was ‘Killing Us With Unfair Trade Deals’

Trump Says China Was ‘Killing Us With Unfair Trade Deals’ Exports last month rose 3.3 percent from a year earlier, the fastest since March and more than the most optimistic estimate in a Reuters poll, customs data showed yesterday. China's trade surplus with the United States stood at US$27.97 billion last month, narrowing from June's US$29.92 billion. But the figure for the first seven months of this year was up by around 4 percent, indicating a continu... [Full Article...]

Trump says it's 'fine' if September China talks are cancelled

Trump says it's 'fine' if September China talks are cancelled I am a founder of Harris Bricken, an global law firm with lawyers in Los Angeles, Portland, San Francisco, Seattle, China and Spain. Last month, the International Monetary Fund confirmed that the exchange rate of the renminbi had become more flexible and registered real appreciation over the past decade. [Full Article...]

Attendant removed from flight charged with intoxication

When the plane landed in South Bend, officers boarded and asked her where she was. A Breathalyzer test found a level of 0.204, five times the legal limit for flight attendants. United Airlines did not immediately respond to PEOPLE's request for comment, but Air Wisconsin told PEOPLE that "the flight attendant involved in this incident is no longer employed by Air Wisconsin". [Full Article...]

Oil rises due to firm yuan, expectations of more OPEC cuts

Oil rises due to firm yuan, expectations of more OPEC cuts Prices for the black gold fell early on worries about the trade war between Washington and Beijing, then extended losses after US government data showed a build of 2.4 million barrels in USA stockpiles instead of the 2.8 million draw analysts had expected. [Full Article...]

Markets fall sharply, extending global losses

Markets fall sharply, extending global losses Analysts have said that since the new tariffs would target retail items, along with other consumer goods, the impact on the U.S. economy will be more direct. "The move from the People's Bank of China was seen as an attempt to ease tensions between the world's two biggest economies as their ongoing trade dispute threatens global-growth prospects". [Full Article...]

Walmart plans to continue to sell guns, following Texas mass shooting

Walmart plans to continue to sell guns, following Texas mass shooting At least 20 people were killed while 24 others suffered injuries on Saturday after a man opened fire at its stores in Texas on Saturday, days after a displeased employee killed shot dead two colleagues and a police officer in its store in Mississippi. [Full Article...]

Asian stock tumble for 3rd day after China lets yuan sink

Asian stock tumble for 3rd day after China lets yuan sink Apple fell three per cent and Microsoft fell 2.4 per cent. "By weakening their currency , China is attempting to offset the effects of the 10% tariff, since a weaker currency makes the cost of China's exports more affordable around the globe, while causing the cost of USA imports into China to go up". [Full Article...]


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