Thursday September 19-th, 2019

Bond Market Reflects Recession Worries Bond Market Reflects Recession Worries

That erased the previous day's gains from a rally that began after President Donald Trump delayed tariffs on about $160 billion in Chinese goods due to take effect on September 1. The S&P 500 decreased 85.72 points, or 2.93 percent, to 2,840.60. Th...

WeWork unveils IPO, India business up WeWork unveils IPO, India business up

Ortiz said. "In short, I don't know what those business lines do for the company, but I do know that building out things like that is very expensive". While McNeil said Fitch's belief in the viability of the business was unchanged, he acknowledged ...

Walmart Continues Run of Sales Growth, Raises Forecasts Walmart Continues Run of Sales Growth, Raises Forecasts

Sales rose 0.7 percent in July from a month earlier, more than twice what was expected. "We understand that free trade also has to be fair trade", Dan Bartlett, executive vice-president of corporate affairs, told reporters on a conference call.

Donald Trump wants to buy the country of Greenland Donald Trump wants to buy the country of Greenland

According to The Hill , Greenland has a population of roughly 56,000, and while it is mostly self-governed, "foreign and security policy is handled by Copenhagen". After the end of the Cold War, its significance faded. The rumours did provoke comm...

Fed to Blame for 'Crazy Inverted Yield Curve' Fed to Blame for 'Crazy Inverted Yield Curve'

Trump wrote on his Twitter feed that "our problem is with the Fed" for being too slow in cutting interest rates. "[Wednesday], before the market opened, they had what's called a mild yield curve inversion, which means a long-term bond rate fell belo...

General Electric accused of masking financial problems General Electric accused of masking financial problems

Markopolos alleged that GE's flawed accounting practices... Since taking the helm in October, he has sought to reduce risk in the finance operations, fix the power-equipment unit and stanch the flow of bad news that erased more than US$200 billion fr...

North Korea fires projectiles, rejects South Korea`s dialogue pledge North Korea fires projectiles, rejects South Korea`s dialogue pledge

The spokesman repeated criticism that the joint U.S. The statement by the North's Committee for the Peaceful Reunification of the Country came a day after Moon said in a speech that the momentum for dialogue remains alive despite the series of "wor...

U.S. stocks veer higher in latest bout of market volatility U.S. stocks veer higher in latest bout of market volatility

The yield on the closely watched 10-year Treasury fell so low Wednesday that, for the first time since 2007, it briefly crossed a threshold that has correctly predicted many past recessions . The U.S. bond market has also experienced a trend that ...

China says has to take counter-measures to latest US tariffs China says has to take counter-measures to latest US tariffs

This will be harder as it would cause a massive disruption for China and the United States could purchase such technological products elsewhere. Ross said on CNBC that it was too early to assess where U.S. If the Chinese economy further slows, ...

S Korea's Moon offers conditional olive branch to Japan S Korea's Moon offers conditional olive branch to Japan

The JCS said the South Korean military is monitoring the situation in case of additional launches, while maintaining a readiness posture and it's working closely with the U.S.to verify more about the recent launch. The dispute has raised concerns ove...

Stock Markets Take A Breather After Steep Drop Stock Markets Take A Breather After Steep Drop

News that the German economy shrank in the second quarter also might have influenced US markets . The S&P 500 stock index fell 2.9%, giving back all of its gains from the day before when the US delayed some of the tariffs threatened on Chinese i...

Argentina announces relief plan but peso still flailing Argentina announces relief plan but peso still flailing

The peso opened 12.3 percent weaker at 61 per USA dollar after Macri announced the measures, but recovered slightly to be down 4.77 percent later in the morning. "So much of the path for peso is going to be determined by commentary now and I didn't...

German economy contracts as export engine stutters German economy contracts as export engine stutters

The new figures will pile pressure on the government to ditch fiscal discipline and pursue measures created to stimulate the economy , such as running deficits. The German economy is much more globalized than the rest of the world, according to Cap...

Australian man dies after falling off cruise ship in Virgin Islands Australian man dies after falling off cruise ship in Virgin Islands

Royal Caribbean's Symphony of the Seas left St. Kitts and was heading towards St. Thomas on Thursday morning when a rescue boat was dispatched to a man overboard call. In a statement, Royal Caribbean spokesman Owen Torres expressed sorrow and add...

Argentinian peso crashes on surprise election outcome, USD/ARS rises more than 30% Argentinian peso crashes on surprise election outcome, USD/ARS rises more than 30%

Voting is obligatory in Argentina. Centrist former Finance Minister Roberto Lavagna came in at a distant third with just 8.3 %. The general election in Argentina will be held on 27 October. For voters, sticking with him would mean seeing through ...

Amid Hong Kong protests row, Cathay Pacific CEO Rupert Hogg resigns Amid Hong Kong protests row, Cathay Pacific CEO Rupert Hogg resigns

Hogg will be replaced as chief executive by Augustus Tang, while Ronald Lam has stepped in as chief customer and commercial officer. In a statement posted on the Hong Kong Stock Exchange on Friday, Cathay Pacific said Mr Hogg had resigned "to take ...

NYT Columnist: Epstein Told Me He Had Major Dirt On Powerful People NYT Columnist: Epstein Told Me He Had Major Dirt On Powerful People

The episode was six years after Epstein pled guilty to soliciting a minor for prostitution in South Florida. "He pointed out that homosexuality had always been considered a crime and was still punishable by death in some parts of the world", Stewar...

White hat hackers expose huge biometric security breach White hat hackers expose huge biometric security breach

Suprema's primary objective is for secure access to buildings and office premises via its Biostar 2 biometric system. And that's precisely what could have easily happened with Suprema's Biostar 2 biometrics lock systems. As we saw with the Equ...

Oil prices fall on weak economic data from Europe and China Oil prices fall on weak economic data from Europe and China

Data from industry group the American Petroleum Institute (API) showed US crude stocks unexpectedly rose last week. Brent crude futures LCOc1 were down 20 cents or 0.3% from the previous settlement at $58.29 a barrel by 0643 GMT. "If we get the dra...

Clashes at Hong Kong airport after flights halted Clashes at Hong Kong airport after flights halted

The protests have plunged the Chinese-ruled territory into its most serious crisis in decades, presenting Chinese leader Xi Jinping with one of his biggest challenges since he came to power in 2012. And a commentary early Tuesday on China's offic...

Recalled MacBook models are banned from all flights Recalled MacBook models are banned from all flights

The agency's policy "forbids the transport of batteries and battery-powered devices which are likely to create sparks or generate a risky evolution of heat". It has already alerted major airlines about it, telling them to adhere to the agency's 201...

Trump confirms China moving troops to Hong Kong border Trump confirms China moving troops to Hong Kong border

The flight was on Monday, it said in an emailed statement to Reuters. Protests began 10 weeks ago in opposition to a bill that would allow the territory to extradite people facing criminal charges to mainland China , but the movement has expanded ...

Kentucky among states covered by spinach recall Kentucky among states covered by spinach recall

The company, which announced the recall Friday, said a "limited number of cases of baby spinach" are affected by the recall. Salmonella is an organism that can cause foodborne illness. Consumers who have any remaining product with these Lot codes...

Facebook paid hundreds of contractors to transcribe users' audio Facebook paid hundreds of contractors to transcribe users' audio

Instead, it's Facebook's " systems " that are supposed to " automatically process content and communications you and others provide to analyze context and what's in them ". But in numerous hearings in front of Congress, CEO Mark Zuckerberg insisted t...

Say Hello To The Stunning Acura Type S Concept Say Hello To The Stunning Acura Type S Concept

Acura says the new concept previews the next-generation TLX Type S sedan. It's unclear what the second Type S auto might be, or indeed whether it will be another sedan or one of Acura's SUVs. It resides above LED taillights and a sporty rear fascia...

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