Business News
U.S. stocks stumble on fears of looming recession
Wall Street stumbled on Wednesday as investors fled equities for safe-haven assets, seeking shelter amid gathering signs that a recession could be on the horizon.
Articles by admin
Trading Ideas
A Broken Payments System That’s Bad for Everyone
I spend a lot of time thinking about money. That shouldn’t come as a shock. After all, I spend most of my time writing about investing in startups, crypto and cannabis stocks. And investing is all about making money.
But even before I joined Early Investing, I spent much of my time thinking about money. That’s because I worked in industries where digital payments were the key to success. And when you rely on digital payments, you worry about how people will pay for services – and how money moves around the payments ecosystem.
And, to put it charitably, the payments ecosystem …read more […]
Business News
Osram and AMS say takeover talks are constructive
Osram and AMS said on Wednesday that talks about a takeover of the German lighting group by the Austrian sensor maker were progressing.
Business News
Factbox: Where’s the fit? Sensor specialist AMS eyes lighting group Osram
Austrian sensor specialist AMS plans to buy Osram Licht in a deal that would value the bigger, German group at 4.3 billion euros ($4.8 billion).
Business News
Ford extends warranties on 560,000 Focus, Fiesta models
Ford Motor Co said on Wednesday it was extending warranties on clutch and related hardware in 560,000 Focus and Fiesta cars in the United States and Canada after reports of problems with their six-speed transmission.
Business News
Trump sees Fed rather than trade war as source of market turmoil
With global markets flashing concern about the fallout from the U.S.-China trade war and the near-term strength of the American economy, U.S. President Donald Trump on Wednesday targeted Federal Reserve policy as the culprit for recent market turmoil.
Business News
U.S. yield curve inverts for first time in 12 years, flags recession
The U.S. Treasury yield curve inverted on Wednesday for the first time since June 2007, in a sign of investor concern that the world’s biggest economy could be heading for recession.
Business News
Exclusive: China curbs gold imports as trade war heats up
China has severely restricted imports of gold since May, bullion industry sources with direct knowledge of the matter told Reuters, in a move that could be aimed at curbing outflows of dollars and bolstering its yuan currency as economic growth slows.
Business News
Wall Street tumbles on growing recession fears
Wall Street main indexes slumped more than 2.5% on Wednesday, as a closely watched U.S. bond market indicator pointed to a renewed risk of recession following poor economic data from Germany and China.
Business News
No concessions from China as Trump postpones some tariffs: U.S. officials
China made no concessions to the United States after President Donald Trump postponed threatened tariffs on some Chinese imports until mid-December, senior U.S. officials said on Wednesday, adding that talks aimed at resolving the trade fight would continue and markets should be patient.
Business News
China requests removal of additional tariffs as per Osaka consensus: Global Times editor in chief
China is asking that it and the United States remove all additional tariffs in line with a consensus reached between the two sides in Osaka, Japan, at the G20 summit at the end of June, the editor in chief of China’s Global Times newspaper wrote on Wednesday.
Business News
Oil tumbles 5% on weak global economic data, U.S. crude build
Oil prices sank roughly 5% on Wednesday after disappointing economic data from China and Europe revived global demand fears and U.S. crude inventories rose unexpectedly for the second week in a row.
Business News
U.S. import prices rebound, but trend still subdued
U.S. import prices unexpectedly rose in July, but the underlying trend continued to be weak, pointing to subdued imported inflation pressures.
Trading Ideas
Why the U.S. Should Envy China’s Electric Bus Fleet
I write about electric vehicles on a regular basis. I eat my own cooking too.
We have a Tesla Model X as our primary vehicle. But the fastest-growing segment of electric transportation isn’t cars.
It’s electric buses.
Since 2013, the e-bus market has grown at a compound annual growth rate (CAGR) of more than 100%. Compare that with “just” a 60% CAGR for electric cars.
But if you want a good chance at catching an e-bus, you’ll likely need to visit China.
Eating China’s E-Bus Dust
At the end of 2018, there were 425,000 e-buses in use around the world. And 421,000 of those were in …read more […]
Business News
Macy’s shares sink as discounts to clear inventory hurt, tourism drops
Macy’s Inc cut its full-year earnings forecast on Wednesday after missing estimates for quarterly profit for the first time in at least two years, as it discounted merchandise heavily to clear spring inventory, sending its shares down as much as 18%.