Thursday September 19-th, 2019

London Stock Exchange suffers worst outage in 8 years London Stock Exchange suffers worst outage in 8 years

LSE shares listed on the FTSE 100 were up 0.9% in early deals, in line with the broader FTSE 100. It followed two days of heavy losses for the index amid growing fears of a global recession and a rebound in the value of the pound. The exchange suffer...

Honda Civic Hatchback puts another manual in the lineup Honda Civic Hatchback puts another manual in the lineup

There's a new chin as well, plus a slightly sportier main grille. The 2020 Civic Hatchback goes on-sale tomorrow with a Manufacturer's Suggested Retail Price (MSRP) starting at $21,650 (excluding $930 destination and handling), joining the 2020 Civi...

Germany GDP Contracts As Expected In Q2

Weak growth for Germany places it alongside Britain, down 0.2 percent in the quarter, in a group of trailing European nations. "Today's GDP report definitely marks the end of a golden decade for the German economy", ING economist Carsten Brzesk...

Gold dips 1% as equities firm, but eyes 3rd weekly gain Gold dips 1% as equities firm, but eyes 3rd weekly gain

The most active gold contract for December delivery went down 7.60 US dollars, or 0.5 percent, to close at 1,523.60 dollars per ounce. United States gold futures rose 0.3 per cent to $1,535.50 an ounce. All this is weakening demand for gold today, ...

Gold prices ease as Trump's trade concession lifts equities Gold prices ease as Trump's trade concession lifts equities

Spot gold may retest a support at $1,480, following its failure to break a resistance at $1,524 per ounce, said Reuters technical analyst Wang Tao. " We are seeing trip to safety and security, market self-confidence is a bit shaky". The pessimistic...

Telstra FY19 profit slumps 39 Telstra FY19 profit slumps 39

Telstra has forecast total revenue for the 2020 financial year to be $25.7 billion to $27.7 billion ($27.8 billion in the year to June 30) and underlying earnings to be $7.3 billion to $7.8 billion ($8 billion). "The notion that the payments we recei...

Oil prices fall as China economic data disappoints, USA inventories gain Oil prices fall as China economic data disappoints, USA inventories gain

European equity markets fell again today to extend losses from the previous session as weak data from Germany and China coupled with an inverted US bond yield curve ramped up fears of a global recession. Aramco's valuation, which Saudi Arabia feels...

UPS buys into autonomous driving firm UPS buys into autonomous driving firm

This is an extension of the ongoing commercial relationship between UPS and TuSimple in which UPS has purchased transportation services from TuSimple. Together, both companies are testing self-driving tractor trailers on a route in Arizona to...

Elon Musk apparently still wants to nuke Mars Elon Musk apparently still wants to nuke Mars

Musk has been extremely vocal about his ambition to establish a human colony on Mars, and it is one of the guiding missions of his space-exploration company SpaceX . Mr Musk said: "A lot of people don't appreciate that our Sun is a large fusion expl...

Buffett's Berkshire makes bigger Amazon bet, boosting stake 11% Buffett's Berkshire makes bigger Amazon bet, boosting stake 11%

Berkshire said it owned 537,300 Amazon shares worth about $1.02 billion as of June 30, up from 483,300 shares three months earlier. Besides the Amazon move, Berkshire also increased its Bank of America stake slightly in the last quarter, and it a...

China vows immediate retaliation if U.S. proceeds with new tariffs China vows immediate retaliation if U.S. proceeds with new tariffs

The administration repeatedly called during July for China to make good will purchases of United States farm exports. Both developments drew cautious relief from retailers and technology groups as the world's two largest economies enter the sec...

Hong Kong teachers' rally kicks off another weekend of protests Hong Kong teachers' rally kicks off another weekend of protests

The firings were clearly an attempt to appease the Chinese communist regime after its Civil Aviation Administration (CAAC) banned Cathay Pacific staffers who supported the protests from entering Chinese airspace, a ban that could virtually shut down...

With 78 days to Brexit, British parliament ready to take on PM With 78 days to Brexit, British parliament ready to take on PM

Boris Johnson is likely to meet Angela Merkel and Emmanuel Macron ahead of the G7 summit. The Shrewsbury MP added that the "mood of the electorate is changing very rapidly" and issues over the Irish backstop means "the only pragmatic alternative" ...

Alibaba Acquires Kaola For $2 Billion Alibaba Acquires Kaola For $2 Billion

The e-commerce business also benefited from continued expansion overseas, such as the takeover of Trendyol in Turkey and Lazada's expansion in southeast Asia, as well as Tmall's annual shopping event in early June. Alibaba shares have now increased b...

Chicken patties recalled nationwide over possible contamination Chicken patties recalled nationwide over possible contamination

Even though these reports are limited, out of an abundance of caution, Tyson Foods is recalling the product . FBN's Kristina Partsinevelos on Tyson Foods' plans for meat-alternative products . The USDA is concerned that some product may still b...

Bakkt CEO Says Their Bitcoin Futures Contracts Are ‘Cleared to Launch’ Bakkt CEO Says Their Bitcoin Futures Contracts Are ‘Cleared to Launch’

But at 11:15AM Eastern, right around when news broke that Bakkt had received final CFTC approval to proceed with its physically-settled Bitcoin Futures trading platform, Bitcoin price spiked from near $10,000 to a just under $10,500 before a slig...

US stocks close higher amid fading recession fears US stocks close higher amid fading recession fears

In corporate news, Deere & Co closed 3.80% higher despite cutting its full-year guidance for a second consecutive quarter as trade and weather disruptions battered sales of its tractors, while Nvidia picked up 7.25% during the session on the back o...

Bugatti Centodieci Debuts as Incredible Modern Take on EB110 Bugatti Centodieci Debuts as Incredible Modern Take on EB110

Whereas the EB110 SS was powered by a 3.5-liter, quad-turbo V12 that produced 610 horsepower, the Centodieci features Bugatti's iconic 8.0-liter W16 engine developing 1,600 hp at 7,000 rpm - that's 100 more horses than the Chiron . After the a...

Jobless rate unmoved at 5.2% in July Jobless rate unmoved at 5.2% in July

But few inroads have been made into labour market slack, with underemployment rising 0.2 basis points to 8.4 per cent, suggesting more part-time workers want longer hours of work. The trend underutilisation rate decreased by 0.1 percentage points ove...

Trump hits Fed over ‘crazy inverted yield curve’ as stocks fall Trump hits Fed over ‘crazy inverted yield curve’ as stocks fall

Market analysts point to Trump's trade policy on China, which they say is making investors anxious about the future. "The yield curves are all crying timber that a recession is nearly a reality, and investors are tripping over themselves to get out...

Deere Misses Expectations for Fiscal Third-Quarter Sales, Earnings Amid Agriculture Uncertainty Deere Misses Expectations for Fiscal Third-Quarter Sales, Earnings Amid Agriculture Uncertainty

In response to weak equipment demand, in May, Deere had announced a 20% production cut at its factories in IL and Iowa. The comments came after Deere's production costs in the third-quarter shot up by 2 percentage points from a quarter ago.

FDA proposes graphic images for cigarette packs FDA proposes graphic images for cigarette packs

And countries elsewhere have long since adopted more graphic tobacco warnings. The Food and Drug Administration on Thursday proposed 13 new warnings that would appear on all cigarettes, including images of cancerous neck tumors, diseased lungs ...

USA stocks veer lower in latest bout of market volatility USA stocks veer lower in latest bout of market volatility

Even before Trump gave retailers an early Christmas bonus by delaying tariffs on more than half the $300 billion in Chinese goods targeted for new 10 percent punitive duties, Americans' spending habits were buoying the economy. The Federal Reserve ha...

Warren Catches Up to Biden in New National Poll Warren Catches Up to Biden in New National Poll

Sen. Elizabeth Warren, D-Mass., is sneaking up on former Vice President Joe Biden in the latest Fox News poll . Warren was the top pick of 28% of likely Iowa Caucus-goers in the poll , an 11-point lead over the nearest competitor. The Sanders' ca...

Fed's Bullard Says U.S. Economy Is Sound Despite Trade Uncertainty Fed's Bullard Says U.S. Economy Is Sound Despite Trade Uncertainty

Treasury yields rose on Friday on a report that Germany may be open to running a deficit to boost growth, while stronger stock markets also reduced demand for safe haven debt. Indeed, the Fed may cut rates in the same month. The market's way up this ...

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