Business News
Pfizer Inc to reorganize company into three units
U.S. drugmaker Pfizer Inc said on Wednesday it would reorganize its business into three units and one of them would include a new hospital business segment.
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Trading Ideas
Trade of the Day: Walmart Stock Looks Ripe to Resolve Higher
Shares of the largest U.S. retailer Walmart (NYSE:WMT) for the year-to-date are lower by around 12%, which inflicted pain on plenty of chart chasers in the early part of the year. For the past four months, WMT stock has found itself in a new consolidation phase which, in my eye, now stands a good chance of resolving to the upside for a trade. Among the retailer analyst community, I am currently hearing a debate whether the “trade war” fears would serve as headwinds or tailwinds for a name like Walmart. …read more […]
Business News
U.S. says the ‘reckoning’ over China trade is too big for WTO
A “reckoning” over China’s unfair trade policies can be put off no longer, but many of the most significant problems cannot be handled by the World Trade Organization, U.S. ambassador Dennis Shea told a WTO meeting on Wednesday.
Trading Ideas
10 things you need to know before the opening bell (SPY, SPX, QQQ, DIA, TSLA, FOXA, PFE)
Trump kicks the trade war with China into high gear. On Tuesday, President Donald Trump’s administration released a list of $200 billion worth of Chinese goods, including seafood and other fresh goods, that could be subject to new 10% tariffs. China vows to fight back. …read more […]
Business News
Facebook facing small but symbolic UK fine over data protection breaches
Britain’s information regulator slapped Facebook with a small but symbolic fine for breaches of data protection law after millions of users’ data was improperly accessed by consultancy Cambridge Analytica.
Business News
Malaysia reviews monopoly risk in ride-hailing market after Grab-Uber deal
Malaysia is studying monopoly risk in the ride-hailing market in the country triggered by the merger of Grab and Uber, and is bringing the service under some existing regulations, the transport ministry said on Wednesday.
Business News
Brent oil falls more than $2 after Trump tariff threat, Libya ports reopen
Global oil benchmark Brent fell more than $2 a barrel on Wednesday after U.S. President Donald Trump threatened to levy new tariffs on China and Libya announced the reopening of key oil export terminals.
Business News
China to its state media: keep calm, don’t inflame trade row with U.S.
China is clearly angry about Washington’s hard line on trade, but has controlled coverage of the row in its media, limiting open commentary and banning attacks on U.S. President Donald Trump, several sources with knowledge of the matter said.
Trading Ideas
If You're Retired, Consider Buying These 3 Stocks
These stocks check off all the boxes for retired investors. …read more […]
Business News
China’s CIC sovereign fund says trade war would hurt its investments
The president of China’s CIC sovereign wealth fund said on Wednesday that a trade war appeared unavoidable, and that the dispute would have a negative impact on CIC’s investments.
Business News
Credit Suisse nears $360 million deadline in fraud suit built on a hunch
When the high-end property development Lake Las Vegas collapsed during the 2008 financial crisis, 31 funds that helped finance the project lost a total of $540 million. But only one of them, Dallas-based hedge fund Highland Capital Management, aggressively pursued legal action against Credit Suisse Group AG, which arranged the financing and appraisals for the project.
Business News
India’s Vistara orders Boeing, Airbus jets worth $3.1 billion in growth plan
Indian airline Vistara has placed firm orders for six Boeing Co 787 jets and 13 Airbus SE A320neos valued at $3.1 billion at list prices, as it looks to add more domestic flights and launch international routes later this year.
Business News
Stocks, metals hit by new U.S. trade war salvo
Stocks fell and metals prices slumped to their lowest in a year on Wednesday, as U.S. threats of tariffs on an additional $200 billion worth of Chinese goods pushed the world’s two biggest economies ever closer to a full-scale trade war.
Business News
Malaysia studying monopoly risk in ride-hailing market after Grab-Uber deal
Malaysia is studying monopoly risk in the ride hailing market following the merger of Grab and Uber, the transport ministry said on Wednesday.
Business News
Australia prepares to ban Huawei from 5G project over security fears
Australia is preparing to ban Huawei Technologies Co Ltd from supplying equipment for its planned 5G broadband network after its intelligence agencies raised concerns that Beijing could force the Chinese telco to hand over sensitive data, two sources said.