Tuesday October 15-th, 2019

Singapore exports plunge 17.3 per cent in June

Singapore's total NODX decreased by 17.3 percent year-on-year in June after the recalculated 16.3 percent decrease in May. Electronic shipments, which have been on a broadly downward jag since December 2017, continued to worsen. "The latest spat b...

Singapore exports drop most in six years as electronics slump Singapore exports drop most in six years as electronics slump

For the month of May, NODX fell by a revised 16.3%. The trade-reliant economy took a sharp downturn in the second quarter, prompting analysts to downgrade growth forecasts for this year and predict a possible recession. ICs, PCs and disk media pr...

Futures flat after JPMorgan results; Goldman Sachs, Wells Fargo eyed Futures flat after JPMorgan results; Goldman Sachs, Wells Fargo eyed

However, revenue from the bank's investing and lending business rose 16%, its highest quarterly performance in eight years. Signs of JP Morgan Chase Bank, Citibank and Wells Fargo & Co. Shares in JPMorgan closed trading up 1.1% at $115.12. The busi...

The cheapest Apple AirPods price on Amazon Prime Day The cheapest Apple AirPods price on Amazon Prime Day

You can also recharge the headphones wirelessly or with a Lightning connector or a Qi-compatible charger. And there's a new H1 chip for offering faster wireless connections to your iPhone and other devices. You can summon Siri for help with tasks...

Juul CEO Kevin Burns apologizes to parents amid teen vaping epidemic Juul CEO Kevin Burns apologizes to parents amid teen vaping epidemic

They argue Juul intentionally targets teenagers with its sweet and fruity flavours like mango and creme brulee, young-looking advertising models and youth-focused "hashtag marketing " featuring memes and pop culture. Burns joined Juul in 2017, abo...

UK Inflation Steady At 2% In June UK Inflation Steady At 2% In June

Average house prices increased annually by 3% in Wales to reach £159,000; by 2.8% in Scotland to £153,000; by 1% in England to £246,000 and by 3.5% in Northern Ireland to £135,000. According to consultancy firm EY, the United Kingdom is expected to...

Domino's Pizza U.S. same-store sales miss estimates, shares fall 6% Domino's Pizza U.S. same-store sales miss estimates, shares fall 6%

Domino's Q2 revenue grew 4.1% year over year to $811.6 million, driven by a combination of new locations, 3% same-store sales growth from US restaurants (decelerating from 3.9% last quarter), and a 2.4% comps increase from worldwide restaurants (a mo...

Disney heiress left Disney heiress left "livid" by working conditions at Disneyland

Those people are much of the recipe for success, and in a company that's never been more profitable, there is no excuse for any employee to be using food stamps, to be doubling up on housing, to be rationing their insulin". Bob Iger, the chief execut...

Citigroup Earnings: C Reports Solid Q2 Earnings Beat Citigroup Earnings: C Reports Solid Q2 Earnings Beat

He's also focusing on companies able to keep their profit margins high, when wage growth for workers at many companies is starting to nudge higher. Investor sentiments are turning lower after President Donald Trump said Tuesday, "We have a long way...

Gold eases on robust United States retail sales data Gold eases on robust United States retail sales data

On MCX, August gold futures were up 0.07% to 34,908, after rising to ₹34,928 at session high. Spot gold inched down 0.3 per cent to $1,409.71 per ounce as of 10:15 am EDT (14:15 GMT). In the ongoing U.S. China's June industrial output climbed...

United States industrial production unchanged in June

In May, production in the American industry increased by 0.4 percent. In June, manufacturing output advanced 0.4%. "After falling slightly in early 2019, the industrial side of the USA economy is growing slowly in the middle of the year", said Gu...

Huawei plans extensive layoffs at its US operations Huawei plans extensive layoffs at its US operations

But they have also reiterated that Huawei remains on the entity list , and relief would be temporary. Huawei was on the way to achieving its long-time goal of becoming the world's biggest smartphone manufacturer when the ban was announced.

Wage growth at highest rate since 2008 Wage growth at highest rate since 2008

Why has wage growth risen? There was a fall of 58,000 in full-time employment, offset by an 86,000 increase in part-time work. Within this period, the ONS recorded an 80.2 per cent employment rate for men and a 72 per cent rate for women; the join...

Nippon Paint (OTCMKTS:NPCPF) Lifted to Buy at Goldman Sachs Group Nippon Paint (OTCMKTS:NPCPF) Lifted to Buy at Goldman Sachs Group

Goldman Sachs BDC's revenue was up 2.8% compared to the same quarter previous year. Institutional Client Services revenues decreased by 3% to $3.48 billion. Solomon said on an analyst call discussing earnings that the United deal would close Tue...

Government gives Jaguar Land Rover £500m loan guarantee for next-generation EVs Government gives Jaguar Land Rover £500m loan guarantee for next-generation EVs

The companies agreed to establish a "Green Mobility Transition Board", which will encourage collaboration between government, industry and environmental groups on the switch from traditional to electric vehicles. "We are co-locating our electric vehi...

Oil prices nudge up on Chinese economic data Other News 14:11 Oil prices nudge up on Chinese economic data Other News 14:11

China's economic growth slowed to 6.2 per cent in the second quarter from a year earlier, in line with analysts' expectations, with demand at home and overseas faltering as the Sino-US trade war bites. While this report was being prepared, during la...

Senator seeks assurances on Facebook Libra Senator seeks assurances on Facebook Libra

Facebook shares slipped 0.5% on Monday to $203.91. US senators from both parties are opening a hearing with tough questions and criticisms of Facebook's ambitious plan to create a financial eco-system based on a digital currency . He broadly criti...

Powell concession on too-tight Fed underlines shift toward cuts Powell concession on too-tight Fed underlines shift toward cuts

In mid-June, Mario Draghi, the president of European Central Bank, said the body was prepared to cut interest rates and provide extra stimulus if the economy needed it. So why the muted reaction by gold to Powell's revelation? Mr. Powell's testimon...

U.S. Retail Sales Beat in June U.S. Retail Sales Beat in June

Data for May was revised slightly down to show retail sales gaining 0.4 per cent, instead of rising 0.5 per cent as previously reported. "The retail sales data today gives you comfort that the domestic economy is in good shape and the consumer is i...

Brexit: both UK PM candidates say Irish backstop is 'dead' Brexit: both UK PM candidates say Irish backstop is 'dead'

He told the BBC Radio 4 Today Programme that a purge of pro-EU ministers from the cabinet under a new leader will further boost the ranks of those prepared to rebel. "And especially for a Brexiteer". The Remainer MP insisted concerns about the ...

IRobot Roomba 980: $550 for a high-end robot vacuum IRobot Roomba 980: $550 for a high-end robot vacuum

It cleans up pet hair, dust, and just about anything it comes across on both carpet and hardwood floors. There's a 3-stage cleaning system on board here, with 5x the power of the Roomba 600 series. It's a bit pricier, but promises a more complete sci...

‘Electricity from Scotland’s wind turbines could power homes in England’ ‘Electricity from Scotland’s wind turbines could power homes in England’

The wind power output hit a record high during the first six months of 2019, which could also power double the number of homes in Scotland. Scotland has around 2.46 million homes. WWF Scotland claims the energy produced was enough to power Scotland...

States told to go it alone on cladding fix States told to go it alone on cladding fix

He said other states "face similar challenges to us" and "have been waiting see what Victoria does", suggesting Victoria will seek to enlist the other states in a push for a federal contribution. About 500 of those buildings are considered high-ris...

Tesla Discontinues Cheapest Model X, S Variants, Cuts Prices to Simplify Lineup Tesla Discontinues Cheapest Model X, S Variants, Cuts Prices to Simplify Lineup

That's an increase of around $5,000 for the S and $4,000 for the X, albeit with greater range and performance over the old standard entry point. The idea behind the adjustments is to simplify the ordering experience for customers, to standardise th...

UAW members travel from Lordstown to Detroit for negotiations UAW members travel from Lordstown to Detroit for negotiations

Contracts between unions and the United States' largest automakers are all set to expire on September 14, and Ford kicked off negotiations , with General Motors and Fiat Chrysler set to meet with union leaders Tuesday. The union has been struggling ...

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