Business News
Apple starts construction of new $1 billion campus in Texas
Apple Inc said on Wednesday it had started construction of a new campus in Austin, Texas, beside its existing facility where it makes the new MacBook Pro laptops.
Year: 2019
Trading Ideas
Exclusive: ECB flags failings in dirty-money screening at Malta's top bank
Malta’s biggest bank failed for years to detect or address risks involving thousands of payments, the European Central Bank (ECB) said, detailing “severe shortcomings” that could have allowed money laundering or other criminal activities. A confidential ECB report seen by Reuters said Bank of Valletta (BoV) had not dealt with a litany of risk management failings despite repeated warnings from the Frankfurt-based regulator stretching back to 2015. The report — adopted by the ECB in the summer after an inspection late last year — calls for remedial measures, including assessing if BoV’s top managers are fit for …read more […]
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The average middle-class family in the US is spending $5000 more a year than it should: economist
Competition in the U.S. is dead while Europe is benefiting from the free market system and that’s having a negative impact on average Americans, NYU professor and economist Thomas Philippon said. …read more […]
Business News
Some Huawei suppliers get U.S. approval to restart sales to blacklisted firm
The U.S. government said on Wednesday it has begun issuing licenses for some companies to supply goods to China’s blacklisted telecommunications firm Huawei, providing long-awaited clarity to the industry.
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Automakers Poised to Lose Airwaves Rights as FCC Drops a Promise
(Bloomberg) — U.S. Federal Communications Commission Chairman Ajit Pai plans to advance a proposal to take back some airwaves long promised to automakers, and instead allow other wireless uses on the frequencies, according to people familiar with the matter.Pai intends to set a Dec. 12 vote by the commission, where he leads a Republican majority, on the proposal to modify the grant of airwaves the agency made 20 years ago, said two people briefed on the plan. They spoke on condition of anonymity because the matter hasn’t been made public.The FCC vote would request comments on letting Wi-Fi gadgets occupy …read more […]
Business News
Factbox: Global refiners raise cleaner shipping fuel output ahead of IMO 2020
Global oil refiners have upgraded processing units and adjusted operations to raise output of low-sulphur residual fuels and marine gasoil (MGO) to prepare for stricter shipping fuel standards that kick in on Jan. 1, 2020.
Business News
Oil rises 2% after U.S. inventory data, Russian assurances
Oil prices rose more than 2% on Wednesday after a better-than-expected U.S. crude inventories report and as Russia said it would continue its cooperation with OPEC to keep the global oil market balanced.
Business News
Global shares slide on U.S.-China spat over Hong Kong, dollar gains
Global stock markets stumbled and the dollar climbed on Wednesday after China condemned U.S. Senate legislation aimed at protecting human rights in Hong Kong, the latest obstacle to reaching a deal in a prolonged Sino-U.S. trade dispute that has weighed on growth worldwide.
Business News
Peugeot’s small car platforms should be favored in Fiat merger: executive
Small car platforms developed by France’s Peugeot should be favored if plans to merge PSA and Fiat Chrysler go ahead, PSA executive Gaetano Thorel told Reuters on Wednesday.
Business News
Target sets upbeat holiday sales tone with raised forecast, shares surge
Target Corp signaled a strong start to the holiday season and raised its full-year earnings forecast on Wednesday, betting on its aggressive push into faster delivery and investments in store revamps, sending its shares up 13%.
Trading Ideas
Target beats on earnings, revenue and raises guidance
Retail earnings are in the spotlight all this week. Target, Urban Outfitters, L brands, and Macys are some of the names in focus. CEO of The Lionesque Group Melissa Gonzalez from breaks it all down. …read more […]
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How Target is dismantling Macy's, Kohl's J.C. Penney and Sears
What Target is doing in apparel is impressive. …read more […]
Business News
Wall Street dips as mounting U.S.-China tensions cast doubt on trade deal
Wall Street edged lower on Wednesday, as hopes of a trade deal receded following an escalation in tensions between Washington and Beijing that also overshadowed upbeat forecasts from retailers Target and Lowe’s.
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Analyst raises Canopy Growth from neutral to buy
Canopy Growth shares skyrocket after Bank of America Analyst Christopher Carrey upgraded the stock to buy from neutral. Yahoo Finance’s Dan Roberts, Heidi Chung and Kristin Myers with the latest on YFi AM. …read more […]
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The Democrats’ 3 worst ideas
If they want to lose to Trump, here’s how. …read more […]