On Oct. 4, a Chinese trader noticed a sharp drop in the price of crypto tokens backed by Nike’s Air Jordan sneakers on a U.S.-based exchange after the general manager of the NBA’s Houston Rockets tweeted support for the protests in Hong Kong.
On Oct. 4, a Chinese trader noticed a sharp drop in the price of crypto tokens backed by Nike’s Air Jordan sneakers on a U.S.-based exchange after the general manager of the NBA’s Houston Rockets tweeted support for the protests in Hong Kong. The trader posted about the fall – which he told Reuters was more than 10% at the time – on Weibo, China’s equivalent of Twitter. “But it’s clear sneaker speculators were pulling money out of the market” after the Chinese government and netizens responded angrily to the comment by Houston Rockets general manager Daryl Morey, …read more […]
While some investors are already well versed in financial metrics (hat tip), this article is for those who would like… …read more […]
The date of entry into service of Boeing Co’s ultra-long-range 777-8 wide-body airliner will depend partly on customer demand, an executive said, with the planemaker hoping to win an order from Qantas Airways Ltd to supply the plane for Sydney-London flights.
Shares markets lost some steam in Asian trading on Wednesday while sterling came off five-month highs as investors remained uncertain whether crunch talks in Brussels would lead to a deal to avoid a disorderly British exit from the European Union.
The administrator of the LF Woodford Income Focus Fund said it would make a decision on its future on Wednesday, a day after embattled investor Neil Woodford resigned as its manager and called time on his 30-year career in funds.
The date of entry into service of Boeing Co’s ultra-long-range 777-8 wide-body airliner will depend partly on customer demand, an executive said, with the planemaker hoping to win an order from Qantas Airways Ltd to supply the plane for Sydney-London flights.
If the global economy hits the skids, the warning may come from the hop-covered taproom of the Denver Beer Co, where yearly sales are up 17% and founder Charlie Berger says the new “Juicy Freak” India Pale Ale is a bestseller despite its $1-per-pint higher price tag.
Q3 2019 Citigroup Inc Earnings Call …read more […]
The company planned to shut more than half an LNG train at the facility from Oct. 11 to Nov. 29, and more than 1 LNG train over May 23-July 11, next year, according to the notice. A company spokesman confirmed that Gorgon Train 1 was currently under maintenance, and said the work had been scheduled into customer cargo deliveries. The three-train Gorgon project, one of the world’s largest natural gas projects, can produce 15.6 million tonnes of LNG annually, according to Chevron’s website. …read more […]
Asian shares were mostly higher Wednesday after a Wall Street rally driven by healthy earnings reports from U.S. companies. Hong Kong’s Hang Seng was unchanged at 26,505.95, while the Shanghai Composite index lost 0.3% to 2,982.74. Stocks notched solid gains on Wall Street on Tuesday as investors welcomed surprisingly good quarterly results from some of the nation’s biggest companies. …read more […]
Boeing Co is committed to producing the ultra-long range 777-8 widebody model, but the timetable for it entering service is still under consideration, an executive at the U.S. planemaker said on Wednesday.
New analysis shows Biden’s plan is far more affordable than “Medicare for all” …read more […]
(Bloomberg) — Terms of Trade is a daily newsletter that untangles a world embroiled in trade wars. Sign up here. The Indian conglomerate that owns Jaguar Land Rover said it is open to finding partners for the automaker but isn’t planning on selling the embattled unit.“We’re not going to sell,” said Natarajan Chandrasekaran, chairman of Tata Sons Ltd., the holding company in an expansive business empire that includes Tata Motors Ltd. “Auto is a core business for us. From revenue terms, auto is our largest company.”Tata Motors bought the maker of the Jaguar XE sedan and Land Rover Discovery sport …read more […]
Oil prices rose on Wednesday, tracking gains in equities, as investors pinned hopes on a potential Brexit deal between Britain and the European Union and on signals from OPEC and its allies that further supply curbs could be possible.
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