California sees China impact, soft job growth but no sign of recession, say economists
California’s $2.7 trillion economy may face pain from the U.S.-China trade spat and show signs of slowing job growth but economists don’t see a recession in the cards. The Golden State added a mere 800 new nonfarm jobs in June...
Goldman Sachs downgrades Intel shares to sell due to its chip ‘manufacturing issues’
Intel’s chip manufacturing technology issues are a big problem, according to Goldman Sachs. The firm lowered its rating to sell from neutral for Intel shares, citing its repeated delays in moving to its next generation chip process technology. “We see...
The US Dollar Index Has Updated The Weekly High. The Potential For Growth Remains
The US dollar rose against the basket of major currencies during yesterday’s trading. The US dollar index (#DX) updated the weekly high and closed in the positive zone (+0.60%). Yesterday, the producer price index was published in the US, which...
Dollar Demand An Unstoppable Force, US Inflation & UK GDP On The Agenda
Here are the latest developments in global markets: FOREX: The US dollar index is higher by 0.63% on Friday, extending the significant gains it posted in the previous session and touching a new 13-month high. The euro and the pound...
Euro Takes Center Stage With EUR/USD Breaking 1.5 Critical Support, Dollar and Yen Rally
The focus in the forex market shifts just before weekly close. Selloff in Euro has clearly intensified, in particular with EUR/USD finally breaking through 1.5 support level. The development also drags down Australian Dollar as both are now trading as...
The World Bank is preparing for the world’s first blockchain bond
The World Bank has mandated Commonwealth Bank of Australia to arrange the world’s first blockchain bond. The Kangaroo bond, referring to foreign bonds issued in Australia in the local currency, has been named bond-i, an acronym standing for Blockchain Offered...
Europe markets close lower on Turkey concerns; banks fall; Novozymes down 3%
European stocks closed lower on Friday as investors reacted to corporate earnings, fresh turmoil in Turkey and the ongoing trade war between the U.S. and China. The pan-European Stoxx 600 ended trade just over 1 percent below the flat line....
After-hours buzz: TSLA, OSTK & more
Check out the companies making headlines after the bell: Tesla’s stock rose more than 3 percent during after-hours trading after a CNBC report that the Tesla board plans to tell Elon Musk to recuse himself from a board review of...
Tesla board plans to tell Elon Musk to recuse himself, prepares to review take-private plan
The Tesla board of directors plans to meet with financial advisors next week to formalize a process to explore Elon Musk’s take-private proposal, according to people familiar with the matter. Musk announced via Twitter this week that he hopes to...
Private equity giant KKR sees ‘significant’ opportunity for ‘outsized’ returns in China amid trade war
Executives at private equity giant KKR recently visited China and came away believing that a powerful investing opportunity awaits, due in significant part to the ongoing trade war. China already has been trying to adapt from an export-based economy to...
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