Economy

Gap Apologizes for Selling T-shirt with 'Incorrect' Map of China

Gap Apologizes for Selling T-shirt with 'Incorrect' Map of China In a statement the company said, " Gap Inc. respects the sovereignty and territorial integrity of China". The move followed after a netizen had posted pictures of the shirt on Chinese social media platform Weibo , which saw Chinese territories such as south Tibet, Taiwan and the South China Sea being omitted from the map. [Full Article...]

China's ZTE paid over $2.3bln to US exporters last year

China's ZTE paid over $2.3bln to US exporters last year It's not exactly clear how Trump plans to help ZTE or what he's instructed the Commerce Department to do. The company has been banned from selling equipment in the US, but shutting out supply chain partners like Intel, Qualcomm and Google is potentially catastrophic. [Full Article...]

Ford to restart F-Series truck production at 2 factories

Ford to restart F-Series truck production at 2 factories The F-150 has been the top selling USA vehicle by any manufacturer for more than 40 years. The production downtime is tipped to affect Q2 profits at Ford, but the company hasn't changed its outlook for the year. Earlier this week Ford temporarily laid off 7,600 workers after a May 2 fire at Meridian Magnesium Products in MI. Ford noted that while the F-150 and Super Duty trucks production is aff... [Full Article...]

Jump Into Solo Season This Month in Star Wars Battlefront Ii

Jump Into Solo Season This Month in Star Wars Battlefront Ii Just a few weeks before Solo: A Star Wars Story hits theaters, and star Alden Ehrenreich , who plays Han Solo , let slip that he's signed on for three movies. Oversee the work of the producer on behalf of the studio, the financiers or the distributors. For one thing, Star Wars is set to enter the anime space again within the next year, with the release of the "anime-inspired" series Star... [Full Article...]

Sears Partners With Amazon To Install Tires

Sears Partners With Amazon To Install Tires The service will gradually go at Sears' significantly more than four hundred Automobile Centers across the USA, to reach greater of Amazon's customers. A Sears spokesman spoke to CNBC and gave details on the process. Walmart (WMT), which also installs tires, tumbled 3.6% after announcing a $16 billion deal to buy 77% of India's Flipkart. [Full Article...]

Chinese phone maker ZTE halts major operations after USA imposes supply ban

Chinese phone maker ZTE halts major operations after USA imposes supply ban ZTE got hit with a fine of nearly $900 million a year ago for evading the embargo on telecom equipment exports to Iran, by using USA components in devices that it sold there. Last month, the Department of Commerce officially instated the ban, alleging that ZTE had violated the terms of the sanction case. China's second-biggest telecom equipment company, ZTE, announced that it will immediately ... [Full Article...]

Egypt follows with great concern developments of U.S. withdrawal from Iran deal

The deal was created to prevent Iran from using its nuclear program to pursue the development of nuclear weapons and to ensure its peaceful nature. Benchmark US crude is up US74ยข, more than one per cent, to $US70.46 a barrel on the futures market in NY. While both India and China have scope to lower their imports from Iran , they will likely be reluctant, especially given the ongoing disp... [Full Article...]

ETFs React to Nestle and Starbucks Joining Forces

ETFs React to Nestle and Starbucks Joining Forces Let's take a look at how ETFs with Nestle and Starbucks exposure are doing Monday at 11 a.m. The idea for opening up a Starbucks in the popular Italian city came from the company's CEO Howard Schultz who got inspired by all of the delicious coffee. [Full Article...]

Bill Gates Says Short Bitcoin, Calls it Worthless Artificial Gold Investment

Bill Gates Says Short Bitcoin, Calls it Worthless Artificial Gold Investment As Tyler has noted and explained in the tweet above, it is in fact "easy" to short Bitcoin . He elaborated that he was gifted some bitcoin for his birthday, but sold it a couple of years later. Bill Gates is not the first important figure that talks negatively about cryptocurrencies in general. Winklevoss along with also his brother Cameron had $1 1 million in bitcoin at $120 a coin in Apr... [Full Article...]

Takeda secures Shire bid for $62.11bn

Takeda secures Shire bid for $62.11bn Shire shareholders will also receive 0.839 new Takeda shares or 1.678 Takeda American Depository Shares, shares of a foreign-based company that can be purchased on a USA stock exchange. To pay the cash fraction of the deal, Takeda told that it had acquired a loan facility of $31 billion with Sumitomo Mitsui Banking Corp., JP Morgan Chase Bank NA, and MUFG Bank Ltd., among others. [Full Article...]

Metro Albany gas price increase takes a pause

Metro Albany gas price increase takes a pause Despite increasing throughout April, gas prices in Florida are holding steady and are under the national average . On the national scene, the survey found the current national average to be $2.81, the same as last week. "However, all bets are off right now, pending the president's decision on the Iranian nuclear deal". With summer gasoline now phased in and reaching motorists gas tanks ... [Full Article...]

Clarkson PLC (LON:CKN) Weekly Ratings as of May 5, 2018

California State Teachers Retirement System reported 0% in Ashtead Group plc (LON:AHT). Jefferies Gp holds 23,527 shares or 0% of its portfolio. Bancshares Of America De invested 0% of its portfolio in Ashtead Group plc (LON:AHT). Peel Hunt has "Buy" rating and GBX 440 target. On Thursday, January 18 the firm earned "Buy" rating by Peel Hunt. Among 3 analysts covering Kronos Worldwide ( NYSE:KRO... [Full Article...]

USA interest rate rise in June '100% certain' after Fed delays

USA interest rate rise in June '100% certain' after Fed delays After the Commerce Department's index of household spending - the Fed's preferred inflation gauge - was reported at 2% in March, Wednesday's statement said that inflation had "moved close" to the target. All eyes turn to the Fed's next meeting in June, when rates are set to go up. The FOMC next meets in June, when it is widely expected to raise the key rate by 25 basis points to two percent. [Full Article...]

Mark Zuckerberg Promises To Keep Developing In His Speech

Mark Zuckerberg Promises To Keep Developing In His Speech Shares of Match Group Inc and its parent IAC plunged, wiping some $5 billion (roughly Rs. 33,400 crores) off their combined market values, after Facebook Chief Executive Mark Zuckerberg said his social media platform would develop its own dating app to rival Tinder , Match and others. [Full Article...]

Bill Cosby's Wife Calls His Guilty Verdict Mob Justice

Bill Cosby's Wife Calls His Guilty Verdict Mob Justice In her statement, Camille Cosby said that Andrea Constand's testimony during the trial "was unsupported by any evidence and riddled with innumerable, dishonest contradictions". Camille Cosby said her husband, once a beloved actor and comedian thought of as " America's Dad" for his role in a popular 1980s TV show, was railroaded by a self-serving system that she said demanded a criminal inv... [Full Article...]

Bullish Options Prices Pop as Apple Stock Soars

Bullish Options Prices Pop as Apple Stock Soars None of those benefit hardware partners such as Taiwan Semiconductor Manufacturing and Hon Hai Precision Industry, whose fortunes are more closely tied to iPhone unit sales, which rose just 2.9 percent in the March quarter despite a 10th-anniversary device that was supposed to drive a super-cycle of demand. [Full Article...]

Oil gains after Netanyahu says Iran lied after signing nuclear deal

Trump has given Britain, France and Germany a May 12 deadline to fix what he views as the flaws of the 2015 nuclear deal, or he will reimpose sanctions. Buyers were pressing for lower levels in part because of good availability of crude in Europe and the US and a wide gap between Brent and the US WTI benchmarks. [Full Article...]

March Consumer Spending Picks Up; Inflation Hits Fed Goal

March Consumer Spending Picks Up; Inflation Hits Fed Goal The rise in the annual inflation measures reported by the Commerce Department on Monday was anticipated by economists and Fed officials and is not expected to alter the U.S. "I'm actually very comfortable going above 2 percent by some amount, 2.2 percent, 2.3 percent", Atlanta Fed President Raphael Bostic told Bloomberg Television on April 5. [Full Article...]

Referee Blew The Whistle As Leganes Had Chance To Equalise Vs Real

Referee Blew The Whistle As Leganes Had Chance To Equalise Vs Real Their squad is littered with talent, but one of the most important players this season has been Isco. "I don't know how significant the first-leg advantage will be in the Champions League ". Gareth Bale is extremely frustrated with his lack of playing time at Real Madrid but remains happy at the club and has no plans to push for a move. [Full Article...]

Axis Bank posts first loss at Rs 2188 cr on higher NPAs

Axis Bank posts first loss at Rs 2188 cr on higher NPAs Even though it is well-capitalised with an overall buffer of over 18 per cent, the bank board has chose to raise up to Dollars 1 billion in core equity, Kapoor said, adding it may consider raising the money by the end of the FY19 if it sees some opportunities for its use. [Full Article...]


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