Trump Likely To Ban Chinese Telecom Gear in US Networks
President Donald Trump may sign an order soon banning the use of Chinese telecom equipment in U.S. wireless networks. According to reports, the order may be signed in the second week of February as there is an urgency to bring out the proclamation prior to the global telecom event MWC Barcelona happening on Feb 25 to 28.
Lower Open Likely For US Markets: Oil Plunges
The U. S markets may open lower Friday as indicated by the slide in top U.S. stock index futures. Dow Jones Industrial Average futures fell 70 points at around 4:00 a.m. ET, indicating a negative open of more than 75 points. Futures on the S&P 500 and Nasdaq Composite were also downbeat.
Free Taco Bell Delivery Through GrubHub Finally Rolls Out
Those with a strong crush for Taco Bell's unique Mexican dishes have some good news. On Thursday, Taco Bell announced the nationwide rollout of free delivery covering 65 percent of its restaurants in America.
SunTrust, BB&T Bank Merger Is Biggest In 10 Years, All-Stock Deal Worth $66B
It is the marriage season in the American banking sector. The good news is that the first time after the financial crisis in 2007-2009, a mega banking merger has been announced. The all stocks merger between SunTrust Bank and BB&T Corp will create America’s sixth-biggest commercial bank.
Tesla Model 3 Arrives In Europe, Delivery Moved To Thursday
The delivery of Tesla Model 3 in Europe started off nominally on Wednesday with priority for reservation holders who were awaiting the car for long. Some unexpected snags, however, affected the promised delivery to all the buyers invited. More deliveries will happen on Thursday.
US Markets May Open Lower: Oil Price Falls, Gold Down
A lower start is likely for U.S markets as major U.S. stock index futures were slightly down Thursday morning as investor-attention moved to corporate earnings and trade issues.
Nokia, Ericsson Could Be Winners In US, China Trade Wars
The trade war between the U.S. and China is creating new beneficiaries in Europe’s telecom sector. Thus Nokia and Ericsson stocks are emerging as winners leveraging the U.S campaign against Chinese telecom companies such as Huwaei and ZTE.
Profit Shifting Rules Hiking Tax Burden: Credit Suisse
Switzerland's second-biggest bank Credit Suisse has stated that it fears a higher tax burden for 2018 than it had forecast earlier. This follows changes in the U.S. tax provisions aimed at preventing companies from shifting their profits abroad.
Apple’s Highest Paid Employee Leaves Company For ‘Professional Pursuits’
iPhone maker Apple, battling with sagging sales in China and elsewhere, has announced that its highest paid retail boss Angela Ahrendts is leaving the company by April. The company said Ahrendts was leaving for “new personal and professional pursuits.”
US Markets May Open Lower: Oil Up, Gold Steady
Top stock index futures in the U.S traded lower Wednesday morning after President Donald Trump’s State of the Union address. At 3 a.m. ET, Dow futures slipped 48 points, hinting negative open of more than 80 points. Futures of S&P 500 and the Nasdaq also traded lower.
US, Russia Nuclear War Possible? Russian Media Threatens ‘Preemptive Strike’
An outbreak of hysterical war-cry dominates the Russian media after the decision of the Union States to withdraw from the Intermediate Nuclear Forces (INF) treaty. The media warns of a unilateral strike against the U.S if Russia is threatened.
Panasonic Stocks Drop 6.5% After Tesla Buys Maxwell
The shares of Panasonic Corp crashed almost 6.5 percent Tuesday after it reported a drop in quarterly earnings and slashed its whole-year outlook.
Nissan, Renault Partner With Google On Next Gen Self-Driving Cars
Google may soon join hands with the auto alliance comprising Nissan-Renault-Mitsubishi to develop autonomous taxis and other services for various global markets.
US Markets Set For Slower Start: Oil Up
The U.S markets may have a lower opening Tuesday. This was indicated by a slight drop in the U.S. stock index futures. Dow futures slipped 24 points at around 3:20 a.m. ET, hinting negative open of more than 22 points. Both S&P and Nasdaq futures were also tad down.
Apple Should Buy Netflix For $190B, Says JP Morgan Analyst
An analyst from J.P. Morgan has suggested that Netflix is the best fit for Apple for an acquisition. Analyst Samik Chatterjee sees many virtues in Netflix in terms of “leading position in engagement level as well as original content, differentiating itself from pure aggregators of content.”
US Tariffs Injured China, New Shutdown Possible, Says Trump
President Donald Trump has said the U.S tariffs injured Chinese economy and it is paying a big price. Speaking at the CBS News' “Face the Nation,” Trump touched upon a variety of issues including trade with China and state of the American economy.
Walmart To Pay Employees 25% More Bonus For Perfect Attendance
In a major value addition to Walmart’s jobs, the retail giant bestowed hourly employees paid sick leave. This followed reforms in the paid off policy front to discourage employees from making unexpected absences.
Slower Start Likely For US Markets: Oil Up, Gold Slips
Trends indicate a slower start to the U.S markets on Monday. At around 3:00 a.m. ET, Dow Jones Industrial Average futures slipped 15 points hinting a negative open of more than 36 points. Futures of the S&P and Nasdaq were also slightly downbeat.
Why Are Uber, Lyft Prices In NYC So High? Blame This New Law
Riders using ride-sharing apps Uber and Lyft in New York City are paying more now. This follows the minimum wages decree by New York City for drivers working in ride-hailing companies.
Elon Musk Blames SpaceX Layoffs On ‘Two Absolutely Insane Projects’
Tesla CEO Elon Musk has defended the layoffs at his private rocket company SpaceX as salvaging “two insane projects” via cost reduction.
No Brexit: Unilever Stockpiles Ice Cream In Case of No-Deal
The March 29 Brexit separation of the U.K from Europe has exacerbated concerns of supply disruption with most companies resorting to stockpiling of goods. Unilever is the latest join the stockpiling spree and is adding up its Magnum ice cream reserves to stay safe before the Brexit deadline
US-China Trade Talks Could Reach ‘Biggest Deal Ever’ Soon, Says Trump
The trade talks between the U.S. and China are sending out positive signals. Chances of a mini-deal were evident in the words of President Donald Trump who declared that he was looking forward to sealing a comprehensive trade deal with China after meeting with his Chinese counterpart Xi Jinping.
Super Bowl 2019 Ads Cost $175,000 Per Second To Air
Come Sunday, Super Bowl LIII (53) will start luring almost 100 million TV viewers. Matching the event’s grandeur is accompanying Super Bowl ads that vie for eyeballs in the mega event of the year. However, this year the Super Bowl LIII is being noted for the mind-boggling ad costs levied by the network host CBS.
Tesla’s Shares Drop 5% Following CFO’s Exit
Electric car maker Tesla, gloating over a fourth-quarter profit had an unexpected jolt when its shares slid almost 5 percent after CEO Elon Musk’s declared that its long-serving Chief Financial Officer Deepak Ahuja would go.
Higher Start Likely For US Markets; Oil Jumps On OPEC Cuts
A slightly better forward movement of U.S. stock index futures has indicated a higher start to the U. S stocks trading session Thursday.
GM, Ford May Suspend Operations In Michigan Due To Polar Vortex
The extreme cold weather in the mid-western United States caused by polar vortex has thrown industrial production out of gear hitting car makers such as GM and Ford.
Foxconn May Shelve Plans For $10 Bn, 13,000-employee Wisconsin Plant
In a major setback to U.S. plans to revive manufacturing, the Foxconn Technology Group is reportedly shelving its planned $10 billion investment in Wisconsin which would have generated 13,000 jobs.
Apple Suffers $5 Billion Revenue Loss in China Amid Economic Slowdown
China worries are haunting iPhone maker Apple. It is well reflected in the quarterly earnings that showed a massive $5 billion loss in sales from the region.
US Stocks To Open Higher As Investors Eye China Trade Talks, Fed
The U.S. stock index futures climbed slightly Wednesday morning even as investors awaited guidance from the Federal Reserve and the outcome of the trade talks between the U.S. and China.
Uber To Launch Boat Service 'UberBOAT' In India
Cab aggregator Uber has launched a boat service in India’s commercial capital Mumbai. Named as UberBOAT, the debut service will be operating in the Gateway-Mandwa Jetty sector of Mumbai.
