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Bitcoin Price Drops to Within $100 of 2018 Low
The price of bitcoin fell to within $100 of its 2018 low Friday morning as last weeks rally proved to be short-lived. …read more […]
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Bitcoin falls to four-month low in persistent bearish trend
NEW YORK (Reuters) – Bitcoin dropped to a more than four-month low on Friday, continuing a downtrend after more negative headlines such as Japan’s financial regulator ordering six digital currency exchanges to make improvements on their anti-money laundering systems.
Business News
China’s ZTE expected to take last step to lift ban: U.S. official
(Reuters) – China’s ZTE Corp is expected to deposit $400 million in an escrow account in a U.S. bank in the “next couple of days,” the last step the Chinese company must take before a ban on U.S. suppliers can be lifted, a U.S. Department of Commerce official told Reuters on Friday.
Business News
Harley says EU duties could prompt price hikes
FRANKFURT (Reuters) – Harley-Davidson Inc could be forced to raise prices in Europe due to EU tariffs on U.S. goods, hitting buyers of new motorcycle models when they are shipped to dealers later in the year, the head of its central European business said.
Business News
Energy stocks gain on oil boost; Dow set to snap losing skid
NEW YORK (Reuters) – The S&P 500 and Dow Jones Industrial Average advanced on Friday, with the Dow poised to end an eight-day losing streak, as a jump in oil prices lifted energy stocks, but losses in technology stocks kept the Nasdaq in check.
Business News
Shares in Russia’s Sistema drop 9 percent on U.S. sanctions fears
MOSCOW (Reuters) – Shares in Russian business conglomerate Sistema fell 8.7 percent in Moscow trade on Friday, after two U.S. lawmakers called for an investigation into whether the group’s owner should be subject to sanctions.
Business News
Big Oil eyes U.S. minority groups to build offshore drilling support
WASHINGTON (Reuters) – The largest U.S. oil and gas lobby group is seeking to convince Hispanic and black communities to support the Trump administration’s proposed expansion of offshore drilling, arguing it would create high paying jobs, including for storm-displaced Puerto Ricans.
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BlackBerry signals slowing sales on subscription switch
The company forecast 8 percent to 10 percent growth for the business in 2019, compared with 20 percent in 2018, overshadowing its first-quarter revenue and profit beat. BlackBerry will no longer be selling its software and services on a licensing basis and will have to convince companies to agree to subscriptions, Chief Executive Officer John Chen said on a post-earnings call. The growth guidance is lower than what the market has been expecting, and that’s mainly due to the company having to recognize enterprise software revenue based on subscription, Morningstar analyst Ali Mogharabi said. …read more […]
Business News
Dow set to snap 8-day losing run as oil climbs
(Reuters) – U.S. stocks rose on Friday with the Dow Jones Industrial Average looking to snap its 8-day losing streak, powered by a surge in oil prices, but losses in technology stocks curbed some gains.
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Foxconn executive: Make products in the US and sell them to China
Will we see a “made in USA” iPhone? Foxconn’s investment in Wisconsin may offer some hints. …read more […]
Business News
Uber car’s ‘safety’ driver streamed TV show before fatal crash: police
SAN FRANCISCO/WASHINGTON (Reuters) – The safety driver behind the wheel of a self-driving Uber car in Tempe, Arizona, was streaming a television show on her phone until about the time of a fatal crash, according to a police report that deemed the March 18 incident “entirely avoidable.”
Business News
Renewable energy seeks demand, investment to survive Trump squeeze
NEW YORK (Reuters) – The wind and solar industries hope demand for carbon-free power from U.S. cities, states and corporations can offset headwinds from President Donald Trump’s tax policy and tariffs, developers said this week.
Business News
Harley says EU duties will prompt prices hikes in the autumn
FRANKFURT (Reuters) – Harley-Davidson Inc expects to have to raise prices in Europe this autumn, when new motorcycle models are due to hit dealers’ showrooms, due to EU tariffs on U.S. goods, the head of its central European business said.
Business News
Trump threatens 20 percent U.S. tariff on EU car imports
WASHINGTON (Reuters) – President Donald Trump on Friday threatened to escalate a trade war with Europe by imposing a 20 percent tariff on all U.S. imports of European Union-assembled cars, a month after the administration launched an investigation into whether auto imports pose a national security threat.
Business News
Tesla recycling machine catches fire at Fremont, California campus
(Reuters) – A machine used for paper recycling caught fire Thursday night at Tesla Inc’s Fremont, California, campus, outside the company’s car production factory, but manufacturing was not affected, the company said.