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Home2019January

Month: January 2019

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Business News

China gains cushion Asian shares after Apple jolt; flash crash hits currencies

January 3, 2019 admin Comments Off on China gains cushion Asian shares after Apple jolt; flash crash hits currencies

U.S. stock futures fell on Thursday after a rare revenue warning from Apple Inc added to worries about slowing global growth, but a move by China’s central bank to help struggling smaller firms lifted shares there, cushioning losses for Asian markets.

…read more […]

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Business News

Teva, Amgen end dispute over generic Cinacalcet HCl tablets

January 3, 2019 admin Comments Off on Teva, Amgen end dispute over generic Cinacalcet HCl tablets

Teva Pharmaceutical Industries Ltd said on Thursday it will pay an undisclosed amount to settle an ongoing dispute with Amgen Inc over its generic Cinacalcet HCl product.

…read more […]

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Cathay Pacific makes good on first-class ticket blunder

January 3, 2019 admin Comments Off on Cathay Pacific makes good on first-class ticket blunder

Cathay Pacific Airways said it would guarantee thousands of first and business-class flights sold at huge discounts after a ticketing error, calling the mistake a surprise special on New Years Day.

…read more […]

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Oil prices fall amid currency and share market turmoil, crude supply surge

January 3, 2019 admin Comments Off on Oil prices fall amid currency and share market turmoil, crude supply surge

Oil prices fell on Thursday amid volatile currency and stock markets, and as analysts warned of an economic slowdown for 2019 just as crude supply is rising globally.

…read more […]

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Oil prices drop amid currency and stock market turmoil

January 3, 2019 admin Comments Off on Oil prices drop amid currency and stock market turmoil

Oil prices fell by more than one percent on Thursday amid volatile currency and stock markets, and as analysts warned of an economic slowdown for 2019.

…read more […]

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Latin America stockpicker at BlackRock is leaving company

January 3, 2019 admin Comments Off on Latin America stockpicker at BlackRock is leaving company

A top BlackRock Inc investor focused on Latin American stocks is leaving the company, the world’s largest asset manager said on Wednesday.

…read more […]

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Wall Street ekes out gain, Apple cuts revenue forecast after the bell

January 3, 2019 admin Comments Off on Wall Street ekes out gain, Apple cuts revenue forecast after the bell

Wall Street edged higher on Wednesday after stumbling out of the starting gate on the first trading day of 2019, while fears of a global economic slowdown were exacerbated after Apple cut its holiday-quarter revenue forecast.

…read more […]

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Shares skid as Apple warning stokes growth fears, ‘flash crash’ sweeps currencies

January 3, 2019 admin Comments Off on Shares skid as Apple warning stokes growth fears, ‘flash crash’ sweeps currencies

Shares in Asia fell on Thursday and U.S. stock futures dropped sharply after Apple Inc cut its revenue forecast due in part to weaker sales in China, adding to concerns about the slowing global economy.

…read more […]

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Apple’s warning a bad omen for Wall Street bulls

January 3, 2019 admin Comments Off on Apple’s warning a bad omen for Wall Street bulls

Apple’s warning on Wednesday about weak iPhone demand in the holiday quarter is a gloomy omen for Wall Street bulls hoping for an early gift in 2019 following December’s steep selloff.

…read more […]

CEO Interview

Hexo Corp. (TSE: HEXO) Explosive revenue growth in branded cannabis products

January 3, 2019 admin Comments Off on Hexo Corp. (TSE: HEXO) Explosive revenue growth in branded cannabis products

                  Hexo Corp. (TSE: HEXO) CEO Interview with Sebastien St-Louis. Sebastien explains what is driving Hexo’s explosive revenue growth in the cannabis sector, and his vision for […]

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Apple cuts forecast, citing weak China sales amid trade tensions

January 3, 2019 admin Comments Off on Apple cuts forecast, citing weak China sales amid trade tensions

Apple Inc on Wednesday cut its sales forecast for its latest quarter, with Chief Executive Tim Cook blaming slowing iPhone sales in China, whose economy has been dragged down by uncertainty around U.S.-China trade relations.

…read more […]

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U.S. fund investors yank most cash from stocks since February: ICI

January 3, 2019 admin Comments Off on U.S. fund investors yank most cash from stocks since February: ICI

U.S. fund investors anguished over economic growth and policies pulled the most cash from stocks in any weekly period since last February, Investment Company Institute data showed on Wednesday.

…read more […]

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S&P 500 futures fall sharply after Apple cuts guidance

January 3, 2019 admin Comments Off on S&P 500 futures fall sharply after Apple cuts guidance

S&P 500 futures fell 1.5 percent as trading resumed late on Wednesday after Apple cut its forecast for the holiday quarter.

…read more […]

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Nordstrom heir Blake Nordstrom dies at 58

January 3, 2019 admin Comments Off on Nordstrom heir Blake Nordstrom dies at 58

Nordstrom Inc said http://bit.ly/2TmnAaf its co-president, Blake Nordstrom, passed away early Wednesday morning at the age of 58.

…read more […]

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Wall Street ekes out gains, Apple cuts revenue forecast after the bell

January 3, 2019 admin Comments Off on Wall Street ekes out gains, Apple cuts revenue forecast after the bell

Wall Street edged nominally higher on Wednesday after stumbling out of the starting gate on the first trading day of the new year, as fears of a global economic slowdown were exacerbated after Apple Inc cut its current quarter revenue forecast.

…read more […]

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