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Business News

Walmart adds toys and shelf space for holidays, expands online offerings

August 30, 2018 admin Comments Off on Walmart adds toys and shelf space for holidays, expands online offerings

Walmart Stores Inc has significantly increased the selection of toys in its stores and online for the holiday season, a company executive said on Thursday, and is expanding its toy aisles in certain markets, all to lure shoppers after rival seller Toys R Us went out of business earlier this summer.

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Business News

Trump wants to move ahead with tariffs on Chinese imports worth $200 billion next week: Bloomberg

August 30, 2018 admin Comments Off on Trump wants to move ahead with tariffs on Chinese imports worth $200 billion next week: Bloomberg

U.S. President Donald Trump has told aides he wants to move ahead on a plan to impose tariffs on Chinese imports worth $200 billion next week, Bloomberg News reported, further ratcheting up trade tensions between the world’s two largest economies.

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Trading Ideas

Brazil government to approve Embraer-Boeing deal after elections – minister

August 30, 2018 admin Comments Off on Brazil government to approve Embraer-Boeing deal after elections – minister

The Brazilian government will approve the tie-up between Boeing Co (BA.N) and Embraer SA (EMBR3.SA), which is still under President Michel Temer’s mandate, but only after the October presidential elections, Brazilian Defense Ministry Joaquim Silva e Luna said on Thursday. The U.S. plane maker announced in early July it plans to take over the commercial jet unit of Embraer in a proposed $4.75 billion joint venture. Boeing would have an 80 percent stake in the venture. …read more […]

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Apple expected to unveil new iPhone models on September 12

August 30, 2018 admin Comments Off on Apple expected to unveil new iPhone models on September 12

Analysts believe Apple plans to release three new smartphones this year, including a one with a larger display than previous models. Analysts also expect Apple to release an iPhone with a edge-to-edge display similar to the iPhone X but using less costly LCD screen technology. Apple’s event invitation made heavy use of the colour gold, fuelling speculation on social media that the company plans to launch a gold-coloured successor to the iPhone X, which was only made available in silver and gray last year. …read more […]

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Trump to Back $200 Billion China Tariffs as Early as Next Week, Sources Say

August 30, 2018 admin Comments Off on Trump to Back $200 Billion China Tariffs as Early as Next Week, Sources Say

President Donald Trump wants to move ahead with a plan to impose tariffs on $200 billion in Chinese imports as soon as a public-comment period concludes next week, according to six people familiar with the matter. U.S. stocks fell on the news. Some of the people cautioned that Trump hasn’t made his final decision, and it’s possible the administration may enact the duties in installments. …read more […]

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Buffett says Berkshire buying own stock, more Apple

August 30, 2018 admin Comments Off on Buffett says Berkshire buying own stock, more Apple

Warren Buffett, the billionaire chairman of Berkshire Hathaway Inc, on Thursday said the conglomerate has bought back its own stock for the first time since 2012 and has added a “little” to its already huge stake in Apple Inc. Buffett also said investors are better off owning a basket of stocks than 30-year bonds and other fixed-income securities as a strong U.S. economy bolsters corporate profits despite higher costs from tariffs, which have also affected Berkshire. “I don’t know when to buy stocks, but I know whether to buy stocks,” Buffett, celebrating his 88th birthday, said on CNBC …read more […]