Tuesday August 20-th, 2019

Bitcoin Slumps to Below $10,000 Amid Problems With Fake Libra Ads Bitcoin Slumps to Below $10,000 Amid Problems With Fake Libra Ads

However, Facebook removed several of them, soon after the Washington Post notified them of the same. Numerous fake pages included Facebook's logo, official Libra marketing imagery, and even photos of Mark Zuckerberg . But besides being potenti...

Trump Slams the Fed Again Over High Interest Rates Trump Slams the Fed Again Over High Interest Rates

Financial markets reacted quickly, with Fed fund rate futures at one point pricing in an nearly 70% chance of a 50 basis point cut. Academic or not, Williams' comments were perceived as bullish with investors now believing the Fed could make a mo...

Johnson confirmed as UK's new PM, vows to 'reconcile' Brexit divisions Johnson confirmed as UK's new PM, vows to 'reconcile' Brexit divisions

There has been significant discussion over the possibility of a Conservative-Brexit party pact to deliver the Brexit the British people voted for in 2016, but which outgoing Prime Minister Theresa May failed to achieve. But if the bloc continues to...

Xiaomi Enters Fortune Global 500 List, Ranking in at 468 Xiaomi Enters Fortune Global 500 List, Ranking in at 468

The Beijing-based global technology firm on Monday announced that the company has, for the first time, made the Fortune Global 500 list, nine years after its establishment. The net service income for the year was 45.9 billion yuan, accounting for...

International Monetary Fund calls for trade war ceasefire to revive global economy International Monetary Fund calls for trade war ceasefire to revive global economy

Stating that the global economy is a delicate juncture, Gopinath said it is essential that tariffs are not used to target bilateral trade balances or as a general-purpose tool to tackle worldwide disagreements. That's 0.1 percentage point lower than ...

US existing home sales drop more than expected in June US existing home sales drop more than expected in June

US home sales tumbled 1.7% in June, with rising prices and a scarce supply locking out many Americans from ownership. Housing starts fell for a second month in June with permits at a two-year low, suggesting tight inventory may remain a headwind for ...

No-deal Brexit would be 'tragedy', European Union will stick to agreement No-deal Brexit would be 'tragedy', European Union will stick to agreement

The pound fell after the report and traded at £1.2464 as of 10.08 am in London. NIESR added that predictions beyond October 31 are incredibly hard to make because neither Mr Johnson or Mr Hunt has given any indication on what the United Kingdom wil...

New Ecurie LM69 Reimagines The Classic Jaguar XJ13 Racer For The Road New Ecurie LM69 Reimagines The Classic Jaguar XJ13 Racer For The Road

The curvaceous racer with its mid-mounted V12 engine was supposed to take part in the legendary 24 Hours of Le Mans, but the project was ultimately shelved. Although envisioned primarily for the track, the hand-built LM69 is actually road legal - at ...

LG Display announces $2.54 bln investment in production of large OLED panels LG Display announces $2.54 bln investment in production of large OLED panels

The company said in a regulatory filing on Tuesday that the investment is aimed at Increasing its competitive edge and leading position in the ultra-large OLED market. Starting with LG Electronics in 2013, there are 15 companies that sell OLED TVs, i...

Justin Sun invites eToro CEO Yoni Assia for Warren Buffett’s luncheon Justin Sun invites eToro CEO Yoni Assia for Warren Buffett’s luncheon

TRON Foundation has announced that its founder and CEO, Justin Sun , has been forced to postpone his $4.57 million charity lunch with billionaire investor Warren Buffett, the world's third richest person. The auction, which began in 2000, has raise...

All-Electric F-150 Prototype: Tows 1M+ Pounds | F-150 | Ford All-Electric F-150 Prototype: Tows 1M+ Pounds | F-150 | Ford

The clip shows F-150 Chief Engineer Linda Zhang meeting with current F-150 owners out at a rail yard. The figure, like Ford's million-pound feat, isn't an official tow rating, but Musk specifically said Tesla's truck will be able to tow as much as an...

Macy's pulls plates with portion size joke after online outrage Macy's pulls plates with portion size joke after online outrage

Podcast host Alie Ward first tweeted about the dishes, which show lines to indicate how meals should be served depending on what type of jean you want to wear. Pourtions products are sold in home goods and gift stores in Colorado, Florida, Kentu...

Pilots vote in favour of strike action at British Airways Pilots vote in favour of strike action at British Airways

On Tuesday, BA applied for an interim injunction to prevent strike action by pilots based at Heathrow and Gatwick, arguing that Balpa's ballots did not comply with trade union law. British Airways contributed £1.96bn to that, up 8.7% on 2017. He ...

Investors brace for no-deal Brexit as Boris Johnson wins leadership Investors brace for no-deal Brexit as Boris Johnson wins leadership

In Asia, regional currencies were mostly beholden to moves in major global units though investors are watching for any developments in China-US trade negotiations. While Boris Johnson was a heavy odds-on favorite to win the leadership race, his stay ...

Huawei`s US research arm slashes more than 70% of workforce Huawei`s US research arm slashes more than 70% of workforce

Chine telecom giant Huawei's research arm, Futurewei Technologies in the United States has started laying off hundreds of workers since Monday. Futurewei has workplaces in Silicon Valley and the increased Seattle, Chicago and Dallas places.

Archer Farms recalls some food sold at Target, Fresh Market Archer Farms recalls some food sold at Target, Fresh Market

So far, no illnesses have been reported. According to the FSIS, consumption of food contaminated with L. monocytogenes can cause listeriosis, a serious infection that primarily affects older adults, persons with weakened immune systems, and pregnan...

Halliburton cutting frac jobs, equipment in US and Canada Halliburton cutting frac jobs, equipment in US and Canada

The Houston-based oilfield company is the largest provider of hydraulic fracturing services in North America, a segment of the oilfield services business that has been hard-hit by overcapacity, making it hard to raise prices. North American revenue f...

China's new Nasdaq-style board begins trading China's new Nasdaq-style board begins trading

Modeled after the Nasdaq Stock Market in the U.S., STAR is China's latest attempt to encourage investment in domestic tech innovators, thereby ensuring that such companies get the resources they need to develop - and also as an incentive to list at...

Indiana Ski Resort Included in Sale Indiana Ski Resort Included in Sale

Peak's board has recommended that the company's shareholders approve the transaction. In addition, Vail Resorts will be assuming or refinancing Peak Resorts' outstanding debt. Vail Resorts, Inc ., through its subsidiaries, is the leading global mou...

Amazon Adds Two More Robotic Fulfillment Centers Amazon Adds Two More Robotic Fulfillment Centers

The centers, which will be built in Akron and Rossford, will each measure 700,000 square feet and will be used to pick, pack and ship small items like electronics, books and toys, Amazon said. Jeff Bezos, CEO of the company, is the richest man in the...

S.Korea's Hyundai Motor posts double-digit growth in Q2 operating profit S.Korea's Hyundai Motor posts double-digit growth in Q2 operating profit

Operation profit rose 30.2 percent on-year to 1.237 trillion won. In the first half of this year, Hyundai Motor's operation profit rose 26.4 percent to 2.06 trillion won and sales were up 8.1 percent to 50.95 trillion won. Sales in the USA rose 2.9...

Google, Intel, Micron CEOs invited to White House Google, Intel, Micron CEOs invited to White House

Top White House economic adviser Larry Kudlow and Treasury Secretary Steven Mnuchin are meeting with a host of CEOs from the world's biggest tech companies on Monday. On the other hand, the Commerce Department has also said that exceptions will...

LL Bean to open first Canadian store

Bean already owns 28 stores, a call center and a distribution center in Japan , where it has operated since 1992. It will be the first Canadian store in the company's 107-year history. Bean-branded stores. "As a Maine-based company that shares a l...

IndiGo to expand board; to have 4 independent directors

After the proposed increase, the board will have four independent directors. In a filing to the stock exchanges Sunday, the company said its board of directors has chose to amend the Articles of Association (AoA) for expanding the board up to a m...

Ice Cream Market Examines Latest Trends and Development Forecast To 2025 Ice Cream Market Examines Latest Trends and Development Forecast To 2025

When you think of a sundae, you might not think of using rocky road ice cream , but Enstrom's thought it was a good idea. This Organic Ice Cream market report offers the customers with an opportunity that can drive them to larger amounts of accomp...

IN CASE YOU MISSED IT