Tuesday October 15-th, 2019

Inflation Miss Rocks Australian Markets, Boosting Rate Cut Bets Inflation Miss Rocks Australian Markets, Boosting Rate Cut Bets

The inflation data miss, with first-quarter prices stagnant, adds to other signs of a slowing economy that has been sapped by a property market slowdown and the U.S. Australia's stock benchmark extended its gain, rising as much as 1.1 percent to it h...

Ripple Releases Report for Q1 2019 Amid XRP Downfall Ripple Releases Report for Q1 2019 Amid XRP Downfall

Programmatic sales of the cryptocurrency, meanwhile, grew from $88.88 million to $107.49 million, an increase of 21 percent. The blockchain firm has shown exponential progress following its significant growth. In addition, continuous 30-day correlati...

USA economic growth stronger than expected despite weak demand USA economic growth stronger than expected despite weak demand

America's economy roared ahead in the first three months of the year, confounding even the most optimistic expectations about its strength. Trump is counting on a strong economy as he campaigns for re-election. Fed policy makers next week are expecte...

Debenhams to close these 22 stores - including one in Scotland Debenhams to close these 22 stores - including one in Scotland

One store in Scotland is set to be affected. Terry Duddy, executive chairman of Debenhams , said: "The issues facing the United Kingdom high street are very well known". A CVA is a legal process that allows a company to reach a compromise or settl...

Potato farmer case: PepsiCo offers 'out-of-court' settlement with conditions Potato farmer case: PepsiCo offers 'out-of-court' settlement with conditions

The company contention was that the farmers were "illegally dealing" in the company's "registered variety" of potato plants, which is in contravention of the Protection of Plant Varieties and Farmers' Rights Act, 2001. "PepsiCo has also proposed that...

Tesla Model 3 to go on sale in United Kingdom next week Tesla Model 3 to go on sale in United Kingdom next week

More than 18 months since deliveries of the smaller electric saloon vehicle began in the US, Musk announced that United Kingdom orders could be placed from next week, on 1 or 2 May. Despite making 63,000 Model 3 sedans in the first quarter, up slight...

Air Canada extends grounding of 737 MAX until August Air Canada extends grounding of 737 MAX until August

The first quarter of 2019 was not easy for Southwest Airlines, as it contained the Boeing 737 MAX grounding, severe weather in the USA and even more aircraft grounding, this time due to its argument with mechanics union. However, he's also stated tha...

LG suspends smartphone manufacturing in Korea, shifts to Vietnam LG suspends smartphone manufacturing in Korea, shifts to Vietnam

LG made a decision to move its local handset production to Vietnam to help turn around the money-losing smartphones division. For several quarters, LG has consistently posted losses in its smartphone business. Given the challenges, the conglomerate...

SAS cancels hundreds of flights due to strike action SAS cancels hundreds of flights due to strike action

Among them are flights into Heathrow Airport from Oslo, Norway, at 1.15pm and Stockholm, Sweden, at 4.15pm. The airline canceled around 70 percent of its flights on Friday and Saturday. As a midnight deadline passed, Norsk Pilotforbund, one of two ...

Uber aims for $90bn stock market debut Uber aims for $90bn stock market debut

In a regulatory filing on Friday, Uber set a target price range of $44 to $50 per share for its IPO. At the lower end of the range the price would value Uber just above its last private funding round, in which Toyota Motor Corp. and Zoom Video Co...

Google’s Waymo Picks Detroit For Self-Driving Factory Google’s Waymo Picks Detroit For Self-Driving Factory

Waymo said the facility will be the world's first factory 100 percent dedicated to the mass production of L4 (level-4) autonomous vehicles. Waymo has announced it will lease space at American Axle & Manufacturing's Holbrook Avenue factory, whi...

Amazon's profit more than doubles on cloud computing growth Amazon's profit more than doubles on cloud computing growth

Amazon's latest earnings conference call included the reveal of a major shift for the paid Amazon Prime subscription service: an "evolution" to one-day shipping as a nationwide default. The area is getting more competitive: Microsoft has also been gr...

What Should You Know About Canadian Pacific Railway Limited’s (TSE:CP) Growth? What Should You Know About Canadian Pacific Railway Limited’s (TSE:CP) Growth?

Because there are so many different angles to take when approaching the stock market, traders may want to start with a simpler system before diving into deeper waters. When shares are trading near to the 52-week high or 52-week low, investors may be ...

Verizon opens Galaxy S10 5G preorders as it announces 20 future 5G markets Verizon opens Galaxy S10 5G preorders as it announces 20 future 5G markets

But if you're willing to overlook all the real-life 5G compromises and asterisks for the sake of being an early adopter, you're no longer obligated to buy a 2018-released Moto Z3 handset with a Snapdragon 835 processor on deck and a special Snapdra...

Nissan ex-chair Carol Ghosn's release on bail approved by Japanese court Nissan ex-chair Carol Ghosn's release on bail approved by Japanese court

He was initially released last month, but then re-arrested on April 4 on the new charges, returning to the same Tokyo detention centre where he had previously spent 108 days following his first arrest in November. Mr Ghosn was the architect of the ...

Occidental makes US$38-billion offer for Anadarko Petroleum, besting Chevron bid Occidental makes US$38-billion offer for Anadarko Petroleum, besting Chevron bid

According to reports, Occidental had already made a higher $70 a share offer for Anadarko that was rejected by the board in favour of Chevron's approach. "The scale and depth of our company combined will allow us to grow production at a lower rate wh...

Coca-Cola sales, profit beat on strong demand for water, soft drinks Coca-Cola sales, profit beat on strong demand for water, soft drinks

Analysts had forecast earnings of 46 cents per share on revenue of $7.88 billion, according to Refinitiv IBES. North American unit case volume declined by 1%, however, net sales increased by 1%. Coca-Cola's water, sports drink and enhanced water bu...

A Great Combo Of Value And Growth?: Tesla, Inc., (NASDAQ: TSLA) A Great Combo Of Value And Growth?: Tesla, Inc., (NASDAQ: TSLA)

This volatility measure use for multipurpose in judging the underlying price momentum as well as the rate of change in TSLA's price. The average true range (ATR ) is a measure of volatility introduced by Welles Wilder in his book, "New Concept...

Duterte touts 'high-quality' projects with China in Xi meeting Duterte touts 'high-quality' projects with China in Xi meeting

His official activities will begin on Thursday, April 25, with a bilateral meeting with Xi, followed by a meeting with Premier Li Keqiang. The prime minister will also sign the second phase of the Free Trade Agreement between Pakistan and China dur...

Huawei's revenue increases by 39% during the first quarter of this year Huawei's revenue increases by 39% during the first quarter of this year

It has shipped over 70,000 5G base stations. The actual net profit was not disclosed by the privately-owned Shenzhen-based firm. Number of commercial 5G contracts Huawei had signed with carriers by the end of last month. Referring to the US block...

Microsoft becomes a trillion dollar company after impressive earnings Microsoft becomes a trillion dollar company after impressive earnings

Shares of Microsoft have risen almost 21% year to date, besting the 16% rise in the S&P 500 index, suggesting Wall Street is all in on the company's long-term growth prospects. Microsoft's so-called "intelligent cloud" unit, which contains its Azur...

Virtual corpses and blood puddles are now banned in China Virtual corpses and blood puddles are now banned in China

Under the guidelines, games will undergo content vetting and the number of games allowed on to the market will be controlled. "This will primarily impact low quality copycat games, which now flood the market, as well as poker and mah-jong games that ...

Inside Beyond Meat's $184M IPO plans Inside Beyond Meat's $184M IPO plans

Tyson's stake was noticeably absent in Beyond Meat's amended initial public offering filing on the list of stakeholders who own more than 5 percent. "The success of the plant-based dairy industry was based on a strategy of creating plant-based da...

Facebook’s earnings hit by $3 billion legal expense related to FTC investigation Facebook’s earnings hit by $3 billion legal expense related to FTC investigation

Net income, including the legal costs related to the FTC inquiry, fell to US$2.43 billion, or 85 cents a share, Facebook said. The company said it estimates the fine could be between $3 billion to $5 billion. "We had a good quarter and our business...

Microsoft's commercial cloud revenue hits $38.4 billion run rate in Q3 Microsoft's commercial cloud revenue hits $38.4 billion run rate in Q3

Under Chief Executive Satya Nadella, the company has spent the past five years shifting from reliance on its once-dominant Windows operating system to selling cloud-based services. Intelligent cloud revenue was $9.7 billion, up 22 percent. The reve...

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