Tuesday August 20-th, 2019

USA economy adds 164,000 jobs in July USA economy adds 164,000 jobs in July

Wages were 3.2% higher in July than a year ago, a slight increase from the 3.1% yearly gain in June, but below the 3.4% growth peak achieved in February. "The employment report will be a critical element in determining how the third quarter is starti...

Global gold demand up 8 pct in H1 Global gold demand up 8 pct in H1

Global gold demand in the first half of 2019 jumped to a three-year high on the back of robust demand by central banks and gold-backed exchange-traded funds (ETFs). This was driven by lower interest rates, political uncertainty and further support c...

IBM is making all its software cloud-native following Red Hat deal IBM is making all its software cloud-native following Red Hat deal

Earlier this month, IBM said second-quarter revenue in its cloud and cognitive software segment rose 3.2% to $5.6 billion, while global business services increased 0.5% to $4.2 billion. IBM is making five Cloud Paks available today: Cloud Pac...

Beyond Meat shares tumble after secondary offer is priced Beyond Meat shares tumble after secondary offer is priced

The company announced that it expects to raise $40 million from the new shares, before the cost of underwriting, commissions, and the offering. The company's revenue was up 214.1% on a year-over-year basis. The firm has a 50-day moving average of $...

Defense secretary to review $10 billion cloud contract before it's awarded Defense secretary to review $10 billion cloud contract before it's awarded

The e-commerce giant and Microsoft have been competing for the contract, known as the Joint Enterprise Defense Infrastructure plan, or JEDI. Esper has previously said he wants to "take a hard look" at the JEDI contract. Federal Claims Court Senior Ju...

Nifty Financial Services index dips; Indiabulls Ventures falls 5% Nifty Financial Services index dips; Indiabulls Ventures falls 5%

Both BSE and NSE indices are witnessing their worst July performance in 17 years. The US Fed in its meeting on Wednesday is expected to cut its benchmark interest rate for the first time in a decade. "There has been clear overdose of challenging ne...

Janus Henderson Group plc (JHG) EPS Estimated At $0.66

Adding a sixth ratio, shareholder yield, we can view the Value Composite 2 score which is now sitting at 10. The ERP5 Rank may assist investors with spotting companies that are undervalued. The stock decreased 2.31% or $0.53 during the last trading s...

Jeff Bezos Sells $1.8-Billion Amazon Shares Jeff Bezos Sells $1.8-Billion Amazon Shares

The couple finalized their divorce last month, which gave MacKenzie a quarter of the shares the couple had owned together. Bezos also sold a portion of his stake. Inc. chairman and CEO Jeff Bezos sold Amazon shares valued at $1.8 billion over a...

French manufacturing activity contracts in July - PMI French manufacturing activity contracts in July - PMI

The PMI is a composite index aimed to gauge the health of the country's manufacturing sector . It is calculated as a weighted average of five individual subcomponents. "Firms were led to reduce production levels on the back of only marginal incr...

Dow plunges 300 points as Trump slaps fresh tariffs on Chinese goods Dow plunges 300 points as Trump slaps fresh tariffs on Chinese goods

The president has already imposed 25% tariffs on $250 billion in Chinese products, and Beijing has retaliated by taxing $110 billion in US goods. The Dow Jones Industrial Average, which had been up almost 300 points earlier in the day, was down alm...

Air France-KLM orders Airbus A220 Air France-KLM orders Airbus A220

Air France has selected the Airbus A220 to update its short-haul fleet, but the A380 won't have a future at the airline as it plans the superjumbo's retirement by 2022. According to the company, "with four engines, the A380 consumes 20-25% mor...

Apple reports 1% increase in fiscal 3Q19 sales Apple reports 1% increase in fiscal 3Q19 sales

Since late 2018, Apple has taken extensive measures to help lift iPhone demand in China. The "other" segment including wearables, accessories and home products contributed Dollars 5.5 billion in revenue, up 48 percent. Apple CEO Tim Cook attributed t...

Sobeys announces plan to remove all plastic bags in 2020

Some Loblaw stores don't charge for plastic bags, however. The move will be followed next year in its Safeway, FreshCo and Foodland stores, as well as IGA locations in Montreal. Canadian Prime Minister Justin Trudeau in June announced plans to ban ...

Woman accused of urinating on potatoes in Walmart turns herself in Woman accused of urinating on potatoes in Walmart turns herself in

Authorities put out an alert on July 25 seeking to identify the woman in the photo below. The Walmart officer then watched surveillance footage and notified police of the incident. The Allegheny County DA's office has recommended Brown be charged wit...

French's creates mustard ice cream for National Mustard Day French's creates mustard ice cream for National Mustard Day

Pass the mustard ice cream, please. It also will be scooped in NY from ice cream trucks around Rockefeller Center and Columbus Circle on August 1, Brooklyn Bridge and Madison Square Garden on August 2 and in the Hamptons on August 3. Note: The Drum's...

Canada's privacy commissioner investigating Capital One breach Canada's privacy commissioner investigating Capital One breach

One security company, CyberInt, even adds that the hack may have been wider spread that Capital One - naming Vodafone and Ford amongst the high profile potential victims. Thompson lived in Seattle , and was arrested in a raid on Monday at her home...

Trump ratchets up trade war with new tariffs on Chinese imports Trump ratchets up trade war with new tariffs on Chinese imports

But in a series of tweets, Trump says China failed to live up to those promises, which is why he is putting new tariffs on new products not previously covered by tariffs. Stock markets were alarmed at the announcement, with the Dow Jones Industrial A...

Facebook Could ‘Pull The Plug’ On Libra, New Statement Reveals Facebook Could ‘Pull The Plug’ On Libra, New Statement Reveals

The whitepaper for Tardecoin was released in 2018 as a part of the Open Science publication from the Royal Society, authored by all three fellows of MIT. The French government announced a plan to launch a G7 Crypto Task Force that would bring...

Trump's tax threat on French wine is 'completely moronic,' says farming minister Trump's tax threat on French wine is 'completely moronic,' says farming minister

Guillaume's comments came after Mr. Trump last week floated the idea of a tariff in response to French President Emmanuel Macron's proposed tax on the technology companies' revenues in France . France's agriculture minister on Tuesday slammed US Pre...

The Impossible Whopper coming to every Burger King in America next week The Impossible Whopper coming to every Burger King in America next week

For now, the chain says that the burgers will be available only for a limited time; it's unclear whether that's because of Impossible Foods' challenges keeping up with demand or because the restaurant is still running tests of the product's viability...

Beyond Meat competitor Impossible Foods receives FDA approval for ‘bleeding’ plant burger Beyond Meat competitor Impossible Foods receives FDA approval for ‘bleeding’ plant burger

Impossible Foods' scientists discovered that heme is the "magic ingredient" that makes meat taste like meat, and enables the Impossible Burger to satisfy meat lovers' cravings. Some say tie-ups are crucial for plant-based meat companies to get prod...

SoftBank and ride hailing app Grab investing $2 billion in Indonesia SoftBank and ride hailing app Grab investing $2 billion in Indonesia

The investment looks to create a next-generation transportation network for cities. From simple taxi services to now private auto services (GrabCar), motorcycle taxis (GrabBike), last mile delivery (GrabExpress), ride sharing (GrabShare), and food...

Stocks Push Ahead on Rate Cut Expectations Stocks Push Ahead on Rate Cut Expectations

Calling rate cut as a "midcycle adjustment", Chairman Jerome Powell in the news conference said no more rate cuts are on the anvil. On the data front, personal and consumer spending figures will be released at 08:30 a.m. Japan's Nikkei 225 rose 0.4...

Growth of eight core sectors slows down to 0.2% in June Growth of eight core sectors slows down to 0.2% in June

This is symptomatic of stagnation setting in the domestic industry, said economists. June's freefall growth rate is blamed largely on refinery production, which commands nearly 30% of the index, by weight. Within industry, credit growth to infrastr...

Saudi Arabia keeps July oil output below 10 mn bpd Saudi Arabia keeps July oil output below 10 mn bpd

U.S. West Texas Intermediate (WTI) crude was down 77 cents at $57.81. Iran's crude exports declined to as little as 100,000 bpd in July, according to tanker data and an industry source, from more than 2.5 million bpd in April 2018. EIA reported pro...

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