Business News
Shares hold ground as U.S. and China ramp up trade war
Who’s afraid of the big bad trade war? Not world stock markets, it seems.
Month: September 2018
Trading Ideas
Looking for Value? Why It Might Be Time to Try Nucor (NUE)
Nucor (NUE) seems to be a good value pick, as it has decent revenue metrics to back up its earnings, and is seeing solid earnings estimate revisions as well. …read more […]
Business News
Apple’s CEO says he is optimistic on U.S.-China trade talks
Apple Inc Chief Executive Tim Cook, whose products were spared from new U.S. tariffs on Chinese goods imposed on Monday, said he is optimistic that the United States and China will eventually work through their trade differences.
Business News
Ireland collects 14.3 billion euros from Apple ahead of tax appeal
Ireland has fully recovered 13.1 billion euros in disputed taxes from Apple Inc plus interest of 1.2 billion which it will hold in a escrow fund pending its appeal against an EU tax ruling, Ireland’s finance minister said on Tuesday.
Trading Ideas
Nutanix Shares Falter as Google Ups Ante in Hyperconvegence
Nutanix (NTNX) shares fall on reports of Google expanding into the fast-growing hyperconverged market. …read more […]
Business News
China says filed complaint to WTO against latest U.S. tariffs
China’s commerce ministry said on Tuesday that it has filed a complaint to the World Trade Organization against the United States’ planned import tariffs on $200 billion worth of Chinese goods.
Trading Ideas
Alibaba founder Jack Ma says the US-China trade war is 'going to be a mess' and could last 20 years (BABA)
The US and China trade war could last 20 years, Alibaba founder Jack Ma said. Ma made the remark after President Donald Trump ordered the US Trade Representative to impose fresh tariffs on $200 billion worth of Chinese goods. When commenting about his coming retirement, Ma says he has been prepared for it for over 10 years. …read more […]
Business News
Renault-Nissan adopts Android in coup for Google
The Renault-Nissan-Mitsubishi carmaking alliance said on Tuesday it will adopt Alphabet’s Google Android operating system, handing a victory to the U.S. tech giant as it pushes for a bigger share of the infotainment market.
Business News
Investors raise cash buffers as gloom gathers over global economy: BAML survey
Investors cut equity exposure this month as they grew more wary that economic growth may slow, but kept a long-standing preference for mega-cap tech stocks, Bank of America Merrill Lynch’s monthly survey indicated on Tuesday.
Business News
Ferrari plans 15 new models to double earnings by 2022
Ferrari plans to launch 15 new models, including hybrid cars, a utility vehicle and more special editions as part of a plan to as much as double core earnings by 2022.
Business News
Tech stocks take heart from tariff exceptions
U.S. stock exchange futures were higher on Tuesday, helped by a rise in oil prices and concessions that analysts said made the latest round of trade tariffs on China less damaging than initially feared.
Business News
Ryanair aims for union agreement in Germany before Christmas
Budget airline Ryanair hopes to find an agreement with German unions before Christmas, Chief Marketing Officer Kenny Jacobs said on Tuesday, after pilots and cabin crew staged a full-day walkout this month and threatened further strikes.
Business News
Visa, Mastercard reach $6.2 billion settlement over card-swipe fees
Visa Inc , Mastercard Inc , and a number of banks on Tuesday agreed to pay $6.2 billion to settle a long-running lawsuit brought by merchants over the fees they pay when they accept card payments.
Trading Ideas
Sears Holdings: The Pension Is Not the Problem
In a recent blog post, Sears Holdings CEO Eddie Lampert suggested that high pension contributions were a major cause of Sears’ financial distress. It’s one more sign that the company’s leader has lost touch with reality. …read more […]
Business News
U.S.’s Ross says China must decide on trade talks: CNBC
It is up to Beijing to take the next steps on trade talks, U.S. Commerce Secretary Wilbur Ross said on Tuesday as China vowed to retaliate after U.S. President Donald Trump imposed initial duties on $200 billion worth of Chinese goods.