Here’s What the ‘CRAZY INVERTED YIELD CURVE’ Means for You

The rout was worsened by the inversion of the yield curve, whose apperance spooked investors into fleeing equities. "We will Win!" Trump tweeted . Longer term bond yields continued to fall with the 30-year US Treasury bond dropping below two per... More..

by | Published 3 days ago
Jackie Chan sparks outrage over comments on Hong Kong protests
by | Friday, August 16, 2019

Jackie Chan sparks outrage over comments on Hong Kong protests

He is also a good man in a 'tough business.' I have ZERO doubt that if President Xi wants to quickly and humanely solve the Hong Kong problem, he can do it. In a follow-up tweet on Wednesday, Trump cast him...More..

GE shares sell off after Madoff whistleblower accuses company of $38B fraud
by | Friday, August 16, 2019

GE shares sell off after Madoff whistleblower accuses company of $38B fraud

Based on his studies, Markopolos said, the company needs to set aside another $18.5 billion, plus billions more for a related charge because of accounting rules that take effect in 2021. Markopolos said he had ...More..

Verizon announces sale of Tumblr to Automattic, the owner of WordPress
by | Wednesday, August 14, 2019

Verizon announces sale of Tumblr to Automattic, the owner of WordPress

Verizon is selling its personal blogging social network Tumblr to Automattic Inc, the owner of online publishing tool WordPress . In the aftermath of the announcement late a year ago, even adult entertainm...More..

China trade deal in doubt, Trump says U.S. 'not ready'
by | Tuesday, August 13, 2019

China trade deal in doubt, Trump says U.S. 'not ready'

During a meeting of China Finance 40 Group, UnionPay payment system representative Shaofu Jun said that the launch of CBDC will certainly be fraught with various difficulties. The Trump administration ori...More..

Reliance Jio And Reliance Retail To Be Listed Separately In 5 Years
by | Tuesday, August 13, 2019

Reliance Jio And Reliance Retail To Be Listed Separately In 5 Years

Reliance Jio is now in the second position in terms of the number of subscribers. Beginning the presentation, Reliance chairman and managing director Mukesh Ambani stated that Jio had crossed the 340 m...More..

NHTSA called for Tesla to drop 'misleading' safety claims
by | Sunday, August 11, 2019

NHTSA called for Tesla to drop 'misleading' safety claims

But Tesla has stood by the claim. The internal documents were released on Tuesday by PlainSite , which acquired them through Freedom of Information Act requests. But the NHTSA argues that this is statistic...More..

Gold breaches $1,500 ceiling in beeline to safe havens
by | Sunday, August 11, 2019

Gold breaches $1,500 ceiling in beeline to safe havens

With more and more global investors turning risk averse, gold prices continued to head north and reached a level of $1500 per ounce on Wednesday. Meanwhile, globally, spot gold was trading marginally lower Do...More..

Huawei Launches Own OS Dubbed HarmonyOS, To Rival Android And iOS
by | Sunday, August 11, 2019

Huawei Launches Own OS Dubbed HarmonyOS, To Rival Android And iOS

Over the next three years, Huawei says HarmonyOS will be optimized and gradually adopted across a broader range of smart devices, including wearables, and head units for your vehicle. The cat is out of th...More..

President Trump Not
by | Sunday, August 11, 2019

President Trump Not "Thrilled" with the Strength of the US Dollar

The Fed did slash its key policy rate by a quarter-point last week and economists believe that more rate cuts are coming to cushion the USA economy from the turbulence stirred up by Trump's trade battle with ...More..

China exports recover despite trade war
by | Saturday, August 10, 2019

China exports recover despite trade war

Analysts say a sharp drop in the yuan currency this week may offer only limited help for Chinese exporters, who are facing additional US levies next month, shrinking profit margins, and sputtering demand worl...More..

China charters first USA crude cargo since newest Trump tariff threat
by | Saturday, August 10, 2019

China charters first USA crude cargo since newest Trump tariff threat

China stopped buying agricultural products from the U.S. The U.S. resolution rattled shares, bonds, currencies , and even soybean prices around the world. According to Bloomberg , Trump is also suspending ...More..

Risk of no-deal Brexit is growing - Donohoe
by | Friday, August 09, 2019

Risk of no-deal Brexit is growing - Donohoe

With both the foreign secretary and worldwide trade secretary Liz Truss both in the United States to discuss trade with President Trump's top team within two weeks of the formation of the new Johnson Cabine...More..

Wall Street climbs over 1pc after China moves on yuan
by | Friday, August 09, 2019

Wall Street climbs over 1pc after China moves on yuan

Traders are selling riskier assets after Monday saw the biggest one-day plunge in global equities since February 2018, fearing an escalation in the trade war will spur a global recession. Technology stocks led ...More..

The Guardian view on a Brexit deal: stop posturing and try talking
by | Friday, August 09, 2019

The Guardian view on a Brexit deal: stop posturing and try talking

British Prime Minister Boris Johnson has said that he will take the United Kingdom out of the bloc on October 31 come what may, even without a transitional deal needed to pave the way for future relations...More..

Weaker dollar, possible producer action buoy oil prices after 4% slump
by | Friday, August 09, 2019

Weaker dollar, possible producer action buoy oil prices after 4% slump

Investors considering USO or other oil exchange-traded products have several factors to consider, including the Organization of Petroleum Exporting Countries (OPEC). After seven weeks of consecutive crude drawd...More..

RBNZ Poised to Cut Rates Again, May Signal More to Come
by | Thursday, August 08, 2019

RBNZ Poised to Cut Rates Again, May Signal More to Come

Reserve Bank of New Zealand Governor Adrian Orr said, "Global economic activity continues to weaken". Followed by the reveal of a 50-basis point interest rate cut of RBNZ , missing analysts' estimate were...More..

RBI moves unlikely to ease pain for India's struggling shadow banks
by | Thursday, August 08, 2019

RBI moves unlikely to ease pain for India's struggling shadow banks

Mumbai: Reserve Bank governor Shaktikanta Das Wednesday said the economy is in the midst of a cyclical slowdown and not a structural one, and exuded confidence of growth reviving soon on the back of cheaper ...More..

New Disney bundle will offer Disney+, Hulu, ESPN
by | Thursday, August 08, 2019

New Disney bundle will offer Disney+, Hulu, ESPN

According to ComicBook.com, Disney chief Bob Iger confirmed during their latest earnings call that the three franchises will be "reimagined for a new generation" once Disney +, the company's upcoming...More..

DEVELOPING: Stocks Bounce Back After 'China Blinks' on Trade War with US
by | Thursday, August 08, 2019

DEVELOPING: Stocks Bounce Back After 'China Blinks' on Trade War with US

The announcement eased concerns about an escalation in the trade conflict between the U.S. and China. The S&P 500 fell 51 points, or 1.8%, to 2,880. This so-called inversion between the two maturities has p...More..

British Airways plane evacuated on landing after cabin fills with smoke
by | Wednesday, August 07, 2019

British Airways plane evacuated on landing after cabin fills with smoke

A British Airways spokesperson confirmed to FOX Business that Flight 422 experienced a technical issue during its final approach. The aircraft involved in the incident was an Airbus A321, carrying 175 passe...More..

Oil prices drop as U.S.-China trade war fuels growth concerns
by | Tuesday, August 06, 2019

Oil prices drop as U.S.-China trade war fuels growth concerns

USA crude was down 24 cents, or 0.4%, at $55.42 a barrel. Last week, President Trump triggered a plunge in crude prices after he threatened to hit China with additional tariffs on September 1. Asian equity ...More..

Who Knew Mustard Flavored Ice Cream Would Be So Popular!
by | Monday, August 05, 2019

Who Knew Mustard Flavored Ice Cream Would Be So Popular!

The company has also released a do-it-yourself recipe for those who want to try mustard ice cream but can not travel to NYC or LA. It's an ice cream . Those wishing to try the "sweet-and-savory" treat can gr...More..

Sex, drug deals and other secrets overheard by contractors listening to Siri
by | Saturday, August 03, 2019

Sex, drug deals and other secrets overheard by contractors listening to Siri

Well, this startled a lot of people and so to shake it all off, Apple has now reportedly shut Siri's quality control process worldwide. In a statement to TechCrunch , the company said that while it conducts a ...More..

TV gains as Apple racks up record services revs in Q3
by | Friday, August 02, 2019

TV gains as Apple racks up record services revs in Q3

Services revenue jumped 13% to a record high of around $11.5 billion, offsetting a 2% drop in product sales and lifting total revenue by 1% to $53.8 billion. "We're very excited to report a return to growth for...More..