Business News
Apple supplier AMS makes 38.50 euros/share takeover offer for Germany’s Osram
Apple supplier AMS AG said it has made an all-cash takeover offer for German lighting group Osram Licht AG at an offer price of 38.5 euros per share.
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Business News
BlackRock becomes Authentic Brands’ largest shareholder with $875 million stake
BlackRock Inc’s new private equity fund Long Term Private Capital (LTPC) has completed its maiden investment, taking up an $875 million stake in Authentic Brands Group LLC, making it the largest investor in the U.S.-based entertainment company, the fund said on Sunday.
Business News
Automakers warm up to friendly hackers at cybersecurity conference
At a conference where hackers can try their hand at picking locks and discover cyber vulnerabilities in a makeshift hospital, they can also endeavor to break into the control units of cars and take over driving functions.
Business News
BlackRock poised to become Authentic Brands’ largest shareholder: WSJ
BlackRock Inc is taking a stake in Authentic Brands Group LLC in a deal valuing the U.S.-based entertainment company at more than $4 billion including debt, the Wall Street Journal reports on Sunday citing sources.
Business News
Tesla electric car catches fire after hitting tow truck in Moscow
A Tesla electric car caught fire after crashing into a tow truck on a Moscow motorway late on Saturday.
Business News
Lack of G7, IMF support seen dimming impact of U.S. move on China’s yuan
China is unlikely to face serious consequences from the Trump administration’s decision to label it a currency manipulator given the apparent lack of G7 and IMF support for the move, former and current U.S. and G7 officials said.
Business News
Russia, after protests, tells Google not to advertise “illegal” events
Russia’s state communications watchdog said on Sunday it had asked Google to stop advertising “illegal mass events” on its YouTube video platform.
Business News
Fed remains a target as economy falls short of Trump’s ambitious goals
It has become a jarring and frequent contradiction. President Donald Trump blames the Federal Reserve for putting the U.S. economy at risk while data shows an economy in “reasonably good” shape, as the head of the central bank recently said.
Business News
Tesla electric car catches fire after hitting a tow truck in Moscow
A Tesla electric car caught fire after crashing into a tow truck on a Moscow motorway late on Saturday.
Business News
Volatility in China’s yuan due to escalating U.S. trade friction: PBOC official
Volatility in China’s yuan since August is a normal market reaction to escalating trade frictions stoked by the United States and was caused, to some extent, by Washington’s decision to raise tariffs, a senior Chinese central bank official said.
Business News
Brazil appeals judge lifts temporary arrest of former billionaire Eike Batista
A Brazilian appeals court judge ordered on Saturday the release of Eike Batista, the mining and oil magnate who was once Brazil’s richest man, revoking a temporary prison order that would expire on Monday.
Business News
Mexican banks report failures in processing card payments
Several of Mexico’s largest banks reported on Saturday that they were experiencing problems processing debit and credit card payments while some shops in the capital informed customers that they would only accept cash payments.
Trading Ideas
Perfect Storm of Politics and Mother Nature Raises Avocado Prices
Dwight D. Eisenhower said, “Farming looks mighty easy when your plow is a pencil and you’re a thousand miles from the corn field.”
Those words rang true over the past couple of years.
This past week, the markets were rocked as U.S.-China trade negotiations faltered… again. And the U.S. will be slapping new tariffs on Chinese imports starting September 1.
Now, the casualties in this trade war are largely American agricultural products. And we’ve seen prices for some of those suffer steep drops over the past several days.
But there’s another trade war putting the squeeze on American consumers…
Goodbye, Guacamole
I love avocados. Millions of …read more […]
Trading Ideas
News Fix: Bitcoin Network Surpasses Another Milestone
Bitcoin has the best security track record of any cryptocurrency. Its network has never been hacked. And its decentralized design means there’s no single point of failure. That’s one of the reasons why we like it so much.
This week, bitcoin’s security got even stronger.
The bitcoin hash rate – the amount of computing power used to validate bitcoin transactions – surpassed 80 quintillion SHA256 hashes per second on Thursday. (SHA256 stands for Secure Hash Algorithm 256 bit, a type of hash function commonly used in blockchain.) That’s the highest it’s ever been. And it indicates the network is stronger than ever.
That’s …read more […]
Business News
Pope caps reform of Vatican bank with new statutes
Pope Francis has approved new statutes for the Vatican Bank, making an external audit obligatory and introducing other changes to bolster reforms that have turned around the once scandal-ridden institution.