Markets

Will the decline of U.S. crude prices continue below $60 a barrel?

Will the decline of U.S. crude prices continue below $60 a barrel? Saudi Arabia is the largest crude oil producer within OPEC , although the US and Russian Federation now produce more oil than the kingdom. The country's crude output is expected to average 12.06 million bpd in 2019, passing 12 million bpd sooner than expected on surging shale supply, the U.S. [Full Article...]

Apple’s 4Q, change in iPhone sales disclosure jar investors

Apple’s 4Q, change in iPhone sales disclosure jar investors The iPhone still looms large over Apple's fortunes, accounting for more than 60 per cent of revenues. On the call with analysts, Apple CEO Tim Cook tried to explain the decision to do away with unit sales figures by way of a grocery store analogy. [Full Article...]

Wall Street falls as US-China trade tensions rise

Wall Street falls as US-China trade tensions rise Among industrials, Boeing sank 6.6% to $335.59. There were major swings on Wall Street yesterday, with the Dow moving in a range of 900 points, in response to a report that US President Donald Trump is planning to impose a tariff on all Chinese goods if he does not receive a satisfactory trade offer from President Xi Jinping . [Full Article...]

IBM buys software company Red Hat for US$34b

IBM buys software company Red Hat for US$34b And yes, both companies are aware of the impact this will have on Linux and open source at large. Indeed, the move reflects IBM's difficulty in keeping pace in the era of cloud computing. The purchase is created to bolster IBM's floundering cloud business. Red Hat made bets to compensate for this, most prominently with OpenShift and a container platform. [Full Article...]

Tech Stocks Rebound as Nasdaq Logs Best Day Since March

Tech Stocks Rebound as Nasdaq Logs Best Day Since March Market experts blamed disappointing outlooks in tech company results for stoking jitters over world economic growth and future corporate profitability. Heating oil added 1.2 percent to $2.28 a gallon and natural gas gained 1.1 percent to $3.20 per 1,000 cubic feet. The Russell 2000 is down 66.81 points, or 4.4 percent. [Full Article...]

China leads the way as world's billionaires get even richer

China leads the way as world's billionaires get even richer It warned of lower economic growth in the United States and China if the trade war between the two countries escalates. "But this is just the beginning", said Josef Stadler , head of ultra-high net worth at UBS wealth management. Almost two thirds of Singapore billionaires are self-made, slightly below the 68 per cent in the US. That's more than double the gains reaped by their peers in the USA a... [Full Article...]

Oil dips as Saudi Arabia pledges to play 'responsible role' in market

Oil dips as Saudi Arabia pledges to play 'responsible role' in market U.S. Treasury Secretary Steven Mnuchin, in an interview with Reuters on Sunday, dismissed concerns that oil prices could rise, saying the market had already factored in the supply losses. West Texas Intermediate for December delivery declined US$2.88 to US$66.48 a barrel at 1:35 p.m. on the New York Mercantile Exchange, slipping below its 200-day moving average for the first time in a year. [Full Article...]

Euro Lower on Italian Budget Worries

Euro Lower on Italian Budget Worries The ratings firm also added that the government's policy proposals did not offer a set of reforms that could lift Italy from its anemic economic growth. In the morning, Mr. Salvini had assured that the government was not going to be "intimidated by the rating agencies, which have done in the past, errors of judgment, vivid, and who are wrong this time". [Full Article...]

Egypt says actions "decisive and brave" by Saudi over missing journalist case

Egypt says actions TRT World has obtained exclusive CCTV pictures of Saudi journalist Jamal Khashoggi just minutes before he entered the Saudi Consulate in Istanbul . "All of this needs to be explained in all its details", Erdogan said. The monarch also relieved deputy intelligence chief Gen. Ahmed al-Assiri. "There are other things we can do that are very, very powerful, very strong and we'll do them", Trump ... [Full Article...]

Mega Millions jackpot nears $1 billion ahead of Friday drawing

Mega Millions jackpot nears $1 billion ahead of Friday drawing That means the jackpot for Friday's drawing is now at least $ 970 million , or a cash lump sum of $548.6 million, and the number will just keep climbing until some lucky person (who will most likely not be you) hits it big. He calls these gamblers "infrequent players", and their participation helps boost jackpots to historic levels, he said. The Florida Lottery is issuing a warning about an em... [Full Article...]

United States stays cautious over Jamaal Khashoggi as new killing claims emerge

United States stays cautious over Jamaal Khashoggi as new killing claims emerge The incident has resulted in a global outrage, more so in the United States as he lived here as a legal permanent resident and worked for " The Washington Post ". President Trump said Wednesday the United States has requested from Turkey any video and audio related to the presumed death of activist Jamal Khashoggi, amid news reports of the existence of audio capturing his killing. [Full Article...]

Netflix's Subscriber Gains Dazzle, Encouraging Bulls on Growth

Netflix's Subscriber Gains Dazzle, Encouraging Bulls on Growth Netflix reported earnings of 89 cents a share, topping analysts' consensus estimates of 68 cents a share. During that quarter, Netflix had a dearth of new programming that resonated with viewers the way hits like House of Cards and Stranger Things had done in the past. [Full Article...]

Appliance giants Whirlpool and Frigidaire among top unsecured creditors in Sears bankruptcy

Appliance giants Whirlpool and Frigidaire among top unsecured creditors in Sears bankruptcy The chain, which comprised 863 mall-based stores and an additional 1,200 retail locations in the year 2000, had 866 Sears and Kmart stores as of August 4 and expected to close 149 of them in the second half, according to a September 13 filing. [Full Article...]

Jamal Khashoggi case: 'Credible' probe needed over missing writer

Jamal Khashoggi case: 'Credible' probe needed over missing writer Describing the disappearance as a "terrible thing", Trump said the U.S. would find out what happened to Khashoggi. 'We encourage joint Saudi-Turkish efforts in that regard, and expect the Saudi Government to provide a complete and detailed response'. [Full Article...]

Risks for global financial stability have risen

Risks for global financial stability have risen These policies have contributed to a slowdown in economic growth, which is happening just as trade tensions with the USA are starting to bite. "To adequately address potential systemic risks, financial regulation and supervision should be used more proactively". [Full Article...]

Tropical Storm Michael Will Become a Hurricane Monday

Tropical Storm Michael Will Become a Hurricane Monday Hurricane watches are already in place for parts of the panhandle, and tropical storm watches are in place for parts of south Georgia just outside our viewing area. Also in that report , Dixon said Gillum's handling of the storm situation and his ensuing feud with Scott loomed over his political future. Escambia through Franklin counties in Northwest Florida are included in the hurricane wa... [Full Article...]

Tesla shares jump on Model 3 numbers, Musk settlement

Tesla shares jump on Model 3 numbers, Musk settlement Under terms of the agreement, Musk also must give up his seat as chairman of the board of directors for at least three years. Shares of Tesla jumped almost 16% today after chief executive Elon Musk settled with the US Securities and Exchange Commission ( SEC ) over charges of misleading investors, heading off moves to force him out. [Full Article...]

USA says Canada not making concessions needed for NAFTA deal

Trade Representative Robert Lighthizer. The two nations have been locked in negotiations for a year on a rewrite of the 25-year-old continental trade deal that Mr Trump blames for losses of USA jobs and industry. "The Americans are finding that the negotiations are tough because Canadians are tough negotiators, as we should be", the prime minister told reporters in Ottawa. [Full Article...]

Lighthizer hints Mexico pact may need to be reopened if delayed — NAFTA

Canadian officials said they do not believe Trump can rework NAFTA into a bilateral deal without the approval of Congress. Lighthizer said the timetable for the new deal was set up so Pena Nieto can approve it before he leaves office on November 30 - an arrangement that's acceptable to Lopez Obrador. [Full Article...]

China says can't hold US trade talks with 'knife to the throat'

China says can't hold US trade talks with 'knife to the throat' China has raised tariffs on $60 billion of USA imports in an escalation of their fight over technology policy following a deadline for President Donald Trump's latest increase. Wang concluded that it was "entirely up to the US" to broker a truce over the current trade war. Japan and the European Union signed a free trade deal that creates the world's largest open economic area, amid fears th... [Full Article...]


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